IFC Health Newsletter | April 2022

Dear friends and colleagues,
This month we spoke with the Chief Growth Officer of Hemas Holdings, a healthcare and pharmaceuticals conglomerate in Sri Lanka, about how best to implement digital health solutions. As always, we welcome comments and suggestions for interviews in future issues. 


Chris McCahan
Acting Head of Health and Education, IFC 
Expert Voices: An Interview with Ruwani Hettiarachchi, Chief Growth Officer, Hemas Holdings
Contrary to what many think, it is often rural, middle-income populations that stand to gain the most from digital healthcare, not the urban wealthy, says Ruwani Hettiarachchi, Chief Growth Officer of Sri Lanka-based healthcare and pharmaceuticals company Hemas. She outlines key things that companies should keep in mind when designing digital solutions for patients and consumers. Read the interview here.
Thought Leadership

IFC’s multifaceted approach to investing in healthcare is outlined by IFC’s Chris McCahan in his latest blog. “While the portfolio may be constantly changing, our mission has not. We continue to leverage the private sector in a way that improves access to affordable healthcare in developing markets that need it most,” he says.

“Innovation is risky—but so is not innovating.” Best-selling author Regina Herzlinger, Professor of Business Administration at Harvard Business School, shares insights with IFC’s Charles Dalton
 on how to innovate in healthcare in the final of this season’s IFC Health Services Webisode Series.

We are delighted to see the Ethical Principles in Health Care (EPiHC, epihc.org) community continue to grow and develop. Read the latest profiles of EPiHC signatories, Jordan-based Health Care Accreditation Council and Malaysia-based ECRI, a nonprofit that evaluates the quality and efficacy of medical devices and procedures. For more insights from other EPiHC signatories: www.epihc.org/profiles

The investment opportunities for contract research and contract manufacturing in Armenia’s pharmaceutical and healthcare markets are analyzed in a sector scan done by IFC, in partnership with the UK and in cooperation with the Armenian government.


IFC’s Africa Medical Equipment Facility (AMEF) has expanded again, with Getinge, a Swedish-headquartered manufacturer of medical and life sciences equipment, recently joining. AMEF works with partner banks and manufacturers to make affordable, long-term funding available to healthcare providers in sub-Saharan Africa for medical equipment.

A $150 million financing package from IFC to Banco Santander, a leading bank in Brazil, was approved. This will expand access to finance for healthcare businesses in Brazil for working capital and purchase of medical equipment. The project will boost Brazil’s health system and support greater market resilience.

IFC continues to deepen its partnership with Senegal-based vaccine maker Institute Pasteur de Dakar (IPD), with the signing of a mandate letter to support IPD’s efforts to raise financing to expand vaccine manufacturing capacity to make COVID-19 and other vaccines.

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