IFC Health Newsletter | January 2023
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Expert Voices: An Interview with
Moses Hee, Chairman and CEO of MiCare HealthTech Holdings
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“Health systems need data to make sure patients experience positive health outcomes. The correct data enables us to help providers improve treatment protocols, and pharmaceutical companies set affordable prices.” Read the interview here.
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IFC Investments
IFC expanded its long-time partnership with Genomma Lab, a pharmaceutical leader based in Mexico, extending a $60 million, multicurrency loan to help finance expansion of the company’s production of over-the-counter medicines. The expansion is expected to boost availability of affordable medications in Latin America and the Caribbean.
To reduce their dependence on pharmaceutical global supply chains, Latin America, Africa, and the Caribbean are seeking to produce 60 percent of all essential medicines needed by their populations within their own regions by 2042. Achieving such a goal will require the active involvement of the private sector, and IFC announced it will support the effort by contributing to the transatlantic alliance for health and pharmaceutical equity. The partnership is focusing on boosting production of oncological drugs and preventive and therapeutic vaccines, and on improving women’s health outcomes.
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Knight Therapeutics, a pan-American pharmaceutical company, will increase access to advanced treatments for patients with dementia caused by Alzheimer's and Parkinson's in Latin America through a $38.5 million loan from IFC.
IFC announced plans to finance the expansion of two Peshawar hospitals in Pakistan’s Khyber Pakhtunkhwa province, which has fewer than one doctor per 1,000 people, well below the national average. The expansion is set to improve access to high-quality, affordable services, especially for low-income patients.
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Health Conference
Registration for IFC’s 9th Global Private Health Conference is almost at capacity. Please join us in vibrant Cape Town on February 14–15 for the two-day event, which will focus on the private sector’s role in building resilient healthcare systems in emerging markets. You will have the opportunity to network with change-makers and leaders in the health services, life sciences, medtech, and pharmaceutical sectors. Register today.
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News
A warm welcome to IFC’s latest Ethical Principles in Health Care (EPiHC) signatories, including Alfa Medical group and Dental Care Egypt. We look forward to working together to maintain ethical practices across the international private healthcare system. With the new additions, EPiHC currently has 232 signatories.
Preventing falls is essential to patient safety at medical facilities. IFC’s IQ Healthcare team designed a free self-paced training course to help facilities adopt best practices around fall prevention.
IFC partner Institut Pasteur de Dakar (IPD) in Senegal is among the organizations that the U.S. Government is supporting to advance pandemic preparedness and response in the region. The White House referenced the collaboration during the recent U.S.-Africa Leaders Summit in Washington, D.C. The U.S. International Development Finance Corporation has provided a $3.3 million technical assistance grant to Institut Pasteur for early-stage project development toward it becoming a key hub in the African Union’s vaccine production network. The U.S. is evaluating additional financing for expansion of the industrial-scale facility.
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Case Study
In a recent case study, IFC shared how Ayala Healthcare Holdings in the Philippines is improving healthcare through the adoption of digital technology, new business models, and innovative services. The report provides insight into how the company is achieving scalable, sustainable change that is helping to expand access to quality care in the Philippines.
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