The World Bank announced in a statement that it will offer India's public healthcare sector infrastructure two complementary loans totaling $500 million each.
The collective $1-bln loan will support India's flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission, launched in October 2021.
One of the loans will prioritize the delivery of health services in seven states
The COVID-19 pandemic brought to the fore the urgent need for pandemic preparedness and health system strengthening around the world and was a stark reminder that pandemic preparedness is a global public good
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Through this combined financing of $1 billion, the World Bank is looking to assist the Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), which was launched by the government in October 2021 for the development the public healthcare infrastructure across the country.