In a bid to increase private sector participation in health, promote innovative technologies and create a robust health-care system IFC (a member of the World Bank), the state Public-Private Partnership Agency, and the Lviv City Council have signed a Memorandum of Understanding (MoU) to help Ukraine attract private sector investment and expertise through public-private partnership (PPP) projects.
Under the MoU, IFC will work with the PPP Agency and the City Council to assess potential health projects that can be implemented with IFC’s transaction advisory support. The projects will be aligned with municipal healthcare reforms and related investment strategy with a focus on attracting and building sustainable partnerships with local and international investors.
According to the World Health Organisation, Ukraine lags behind European Union countries in terms of life expectancy despite spending a fair amount of its per capita gross domestic product (GDP) on health. 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, local authorities have launched a municipal healthcare reform – as part of the National Programme of State Guarantees introduced in 2020 – making health care accessible to all.
“Experts have prepared a medical reform based on the creation of three “territorial medical unions”. This is the second stage of the reform following the creation of the medical services market. Involving international financial institutions and experts is important to create a comprehensive strategy,” said Andriy Sadoviy, Mayor of Lviv.
In October 2019, IFC and the Ukrainian government signed an MoU to identify key sectors for joint implementation of PPP projects, including the healthcare sector.
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