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World Bank commits $1 billion to India for healthcare initiatives




World Bank commits $1 billion to India for healthcare initiatives

World Bank will support PM-ABHIM to be launched in October 2021.

New Delhi:

The World Bank and India today signed two complementary loans of $500 million each to support and enhance the country’s health infrastructure.

Through this joint financing of $1 billion (approximately Rs 8,200 crore), the bank will support India’s flagship Prime Minister-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), which was launched in October 2021, to provide nationwide Improving the infrastructure of public health services. the multilateral funding agency said in a statement.

In addition to national-level interventions, one of the loans will prioritize healthcare delivery across seven states, including Andhra Pradesh, Kerala, Meghalaya, Odisha, Punjab, Tamil Nadu and Uttar Pradesh.

The agreement was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs and Auguste Tano Coume, Country Director, World Bank India.

The COVID-19 pandemic brought to the fore the urgent need to strengthen pandemic preparedness and health systems around the world and was a stark reminder that pandemic preparedness is a global public good, said Auguste Tano Coume.

The two projects are supporting India’s decision to enhance the resilience and preparedness of the country’s health systems against future pandemics, it said, adding that this will be of great benefit to the populations of the states participating in the projects and have a positive impact on others. Will create states.

India’s performance in the health sector has improved over time. According to World Bank estimates, India’s life expectancy—at 69.8 in 2020, up from 58 in 1990—is higher than the average for the country’s income level.

The under-five mortality rate (36 per 1,000 live births), infant mortality rate (30 per 1,000 live births), and maternal mortality rate (103 per 100,000 live births) are all close to the average for India’s income level, which Shows significant achievements. Access to efficient birth attendance, immunization and other priority services.

Despite these advances in the health of the Indian population, COVID-19 has underscored the need to revitalize, reform and develop capacity to improve the quality and comprehensiveness of healthcare delivery, along with key public health functions.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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