IFC Health Newsletter | October 2021


Dear friends and colleagues,

This month’s newsletter focuses on two areas of increasing importance to IFC in our work to support availability of and access to quality health services in emerging markets: first, the role of public-private partnerships in helping countries achieve public health goals; and second, the need to scale up pharmaceutical and vaccine manufacturing in Africa to improve health and support long-term economic development.


Elena Sterlin
Head of Health and Education, IFC
Expert Voices: An interview with Abdulla Azizov

What does it take to launch a public-private partnership to improve health services? Abdulla Azizov, Uzbekistan’s deputy health minister, talks about organizing with IFC’s assistance his country’s first ever health sector public-private partnership – with IFC’s assistance – to increase the availability of dialysis services. Read the interview here.
Thought Leadership 

What’s the private sector’s role in increasing vaccine production in Africa? IFC Regional Vice President for Africa Sérgio Pimento discusses this in an op ed in The Banker.

The need for innovative companies and startups focusing on women’s health and wellbeing has never been greater. IFC Global HealthTech Sector Lead Ruchira Shukla explains how to make sure these companies receive the attention and financial support required to reach emerging markets with affordable solutions.

How can private healthcare companies succeed commercially in the long term when operating in a low-income setting? IFC Global Sector Lead for Health and Education Services, Chris McCahan, offers some insights based on recent client case studies.  

New Deals

CEPI | Global 

To help close the global gap in vaccine access for COVID-19 and other diseases, IFC signed a memorandum of understanding with the Coalition for Epidemic Preparedness Innovations (CEPI), a global alliance to accelerate development of vaccines against emerging infectious diseases.

Bergman Ross | Africa 

IFC has invested in Ghana-based Quest Medical Imaging, which is majority-owned by South Africa-based Bergman Ross & Partners, to support the construction of new medical diagnostics facilities in Accra, Ghana.

MedGenome | India 

IFC is partnering with a leading genetic diagnostics and research company in India, MedGenome, to increase access to COVID-19 testing, and support research to better understand the virus, its variants and manage future outbreaks.

MiCare | Southeast Asia 

IFC has made a new investment in medical claims administrator MiCare, which serves 45 health insurers with 13 million members in Malaysia, the Philippines, and Thailand. 

Integrated Diagnostics Holding | Middle East & North Africa 

To enhance the region’s capacity to scale up testing, including for Covid-19, IFC approved a loan to Integrated Diagnostics Holding, a leading diagnostics provider in Egypt.

Case Studies

From a single small medical center to a major healthcare provider, New Crystal Health Services in Ghana has managed to expand its business by carving out a niche for itself by serving especially the urban poor. Read the case study to learn New Crystal’s principles for success.

Quality in healthcare requires ongoing commitment and improvement; Grupo Conclina’s Hospital Metropolitano in Ecuador shows how to get it right. Learn more in this case study.



IFC Managing Director Makhtar Diop joined a panel of leading global voices from the public and private sector making the case for more equitable access to vaccines for developing countries, at the World Bank Group-International Monetary Fund Annual Meetings. Watch this event.

IFC Health has launched its Fall 2021 Webisode Series, ‘Shaping Health Services and Systems,’ looking at what’s necessary for affordable, sustainable healthcare systems. Watch Webisode 1, which discussed effective and proper use of data in the health services sector.


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