IFC, the state PPP Agency and the Lviv City Council have signed a Memorandum of Understanding aiming to help Ukraine attract private sector investment and expertise through public-private partnership projects, promoting innovative technologies and creating a robust healthcare system.
According to the MoU, IFC will work with the PPP Agency and the City Council to assess potential health PPP projects that can be implemented with IFC’s transaction advisory support. The projects will be aligned with municipal healthcare reforms and the related investment strategy with a focus on attracting and building sustainable partnerships with local and international investors.
“We remain committed to supporting Ukraine in its efforts to increase access to affordable and quality healthcare. Well-structured PPPs can help the country achieve this goal by boosting the development of health infrastructure and services.”
Jason Pellmar, IFC Regional Manager for Ukraine, Belarus, and Moldova.
In Ukraine a highly fragmented hospital network, with many of the existing public hospitals requiring major reconstruction, contributes to cost inefficiencies and impacts quality of care.
To address this challenge and resolve the issue of long-standing underinvestment in the sector, the local authorities launched a municipal healthcare reform — as part of the National Program of State Guarantees introduced in 2020 — making health care accessible to all citizens through optimization of the hospital network and improving quality of care.
Source: IFC official press release.