WBG: Support private sector provision of health care through IFC initiatives of $ 1 billion investment and TA funds

Proposed Measures by Japan/Implementing Partners: ● Support for private provision of health care

Potential Resources, Possible Contributions: WBG: Support private sector provision of health care through IFC initiatives. IFC target is $ 1 billion investment and Technical Assistane (TA) funds over the next 5 years; 40% from IFC, remainder from other partners, including local banks in Africa, development financial institutions (DFIs), foundations, and the private sector

Status: (i) IFC healthcare financing amounted to $ 35 million - Africa regional ($ 20 million), Nigeria ($ 5 million) and Ethiopia ($ 10 million). (ii) Equity vehicle first closing was June 4, 2009 for $ 60 million. Second closing is likely to bring in a further $ 60 million from four investors - both public and private investors. (iii) Policy work is on-going in Ghana, Kenya, Mali and Nigeria and is soon to commence in Uganda, Burkina Faso, DRC, and Rep. of Congo.

Status: IFC is worked to identify partners for programs to provide private health care services in African countries.