WASHINGTON: The Board of Executive Directors of the World Bank approved a US$214.73 million loan for the Serving People, Improving Health Project to support the implementation of reforms.
It also improved service delivery in Ukraine’s health sector. The new five-year project will seek to develop medical infrastructure and improve the quality of health services in eight regions across the country. The investment will focus on introducing a new funding mechanism within hospitals and enhancing primary and secondary prevention, early detection, and treatment of cardiovascular diseases and cancer.
It is likely to improve first aid services and bring legislative acts in line with best international practices, raising the efficiency of the healthcare system in Ukraine. The project’s main component covers the following participating regions: Dnipropetrovsk, Lviv, Poltava, Rivne, Vinnytsia, Volyn, Zakarpattya, and Zaporizhya. Out of the project’s total budget, the Bank will fund up to US$41 million per region, plus at least 10 percent coming in co-financing from the local authorities.
Qimiao Fan, World Bank Country Director for Belarus, Moldova, and Ukraine, said, “Given that most Ukrainians consider health as one of their top life priorities, we are pleased to support a project that will help them become healthier. This new investment will help improve the quality and availability of health services to millions of Ukrainians in selected regions, and contribute to more efficient use of resources in the healthcare system.”
