Opportunity Sri Lanka | » World Bank approves US$ 200 million local to help improve the quality of Sri Lanka’s primary healthcare services
World Bank approves US$ 200 million local to help improve the quality of Sri Lanka’s primary healthcare services

World Bank approves US$ 200 million local to help improve the quality of Sri Lanka’s primary healthcare services

The World Bank Board of Directors has reportedly approved a US$ 200 million loan to help improve the use and the quality of Sri Lanka’s primary healthcare services.
The Primary Healthcare System Strengthening Project builds on years of experience and lessons in Sri Lanka’s health sector and will focus on detection and management of non-communicable diseases in high-risk population groups, responding to the needs of the poorest of the population, a statement by the World Bank has noted.
According to a local media report, Sri Lanka’s health system has demonstrated remarkable performance in achieving universal coverage with maternal and child healthcare services and effective control of infectious diseases.
But the country has the fastest ageing population in South Asia, with the population over 60 expected to double in the next 25 years.
This demographic transition has an impact on Sri Lanka’s health profile: 87% of deaths in Sri Lanka are caused by non-communicable diseases.
“People are at the centre of this project which aims to bring better healthcare services, particularly to the poor and the vulnerable,” Idah Z. Pswarayi-Riddihough, World Bank County Director for Sri Lanka and Maldives has said.
“It is designed to detect symptoms and provide remedial measures, including the promotion of healthy lifestyles to better manage the burden of non-communicable diseases at the community and primary health care levels.”
The report further states that the Ministry of Health will implement the project, which is designed around the recently-released positioning paper ‘Reorganising Primary Health Care in Sri Lanka: Preserving Our Progress, Preparing Our Future’. The World Bank will provide technical and financial support to implement the primary healthcare system reorganisation and strengthening and provide implementation support through innovation grants.
“The project should serve as a catalyst for revitalising Sri Lanka’s Primary Health Care system and preparing the country to address the future health sector challenges,” Kanako Yamashita-Allen, Senior Health Specialist and Task Team Leader has said.
The project, financed by the International Bank for Reconstruction and Development loan, with a maturity of 33 years including a grace period of six years, will be implemented during a five-and-a-half-year period.

OSL take:

The funding granted by the World Bank towards the upliftment of the primary healthcare sector in Sri Lanka indicates the development/investment opportunities in Sri Lanka’s health sector. The government of Sri Lanka has also placed importance in the country’s health sector and is looking at developing the existing structure while also considering new options to be included to the system. The state has also given priority to the manufacturing of pharmaceuticals within Sri Lanka with foreign assistance.

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Article Code : VBS/AT/20170716/Z_6

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