World Bank Supports Expansion of Public Health to Benefit 15 Million Argentines

Stocks and Financial Services Press Releases Tuesday May 22, 2018 09:31
WASHINGTON--22 May--World Bank

WASHINGTON, May 21th, 2018 – The World Bank Board of Executive Directors approved on Friday a new US$300 million project to support Argentina strengthen its efforts to protect the most vulnerable populations with expansion of public health coverage, promoting more equitable access to health services for 15 million people.

The Effective Universal Health Coverage Support Project seeks to provide comprehensive, individualized health care to those lacking coverage in an effort to improve their quality of life.

"This project is a great opportunity for the country to move towards universal health coverage, allowing us to expand coverage to the most vulnerable populations, to reduce inequality and promote primary care through territorial coverage with family health teams and care networks," said Adolfo Rubinstein, Argentina's Health Minister.

One of the key challenges that the project will address is inequality in the delivery of sanitary services. For example, 70 percent of women aged 50-70 have had a mammography in Buenos Aires, while in the northwest and northeast of the country that figure is only 46 percent.

"It is important to support the most vulnerable so that they can enjoy better health regardless of where they live or work, this is why we are working with the Government in its effort to provide more equitable and higher quality health services throughout the country," said Jesko Hentschel, World Bank Director for Argentina, Paraguay and Uruguay.

The project focuses in two areas:

Strengthen effective universal health coverage: It seeks to expand equitable coverage of quality health services across the country, including both general practice as well as complex procedures (such as congenital heart disease and premature and high-risk births).Increase coordination and develop an integrated system between Argentina's Ministry of Health and provincial ministries, as well as between health sub-systems (public health, social security and private companies). It will also support ministries with equipment, services and tech innovations (such as telemedicine tools, e-registries, etc.), in order to improve their service provision.Since 2004, the World Bank has supported the Argentine government's health programs with the goal of reaching universal effective coverage. The Plan Nacer program, for example, predecessor to the Sumar Program, improved service provision among pregnant women living in the country's poorest regions. An impact evaluation of this project showed that babies born to mothers registered in the Plan were 19 percent less likely to be born underweight. Moreover, babies born to mothers in the Plan were 74 percent less likely to suffer neonatal death, according to a study of maternity wards in a subset of provinces.

Financing for the "Effective Universal Health Coverage Support Project" has a variable margin, a 31.5-year maturity period and a 7-year grace period.
This project reaffirms the World Bank commitment to Argentina and, above all, to the most vulnerable populations.
To know more about the World Bank's work in Argentina, please visit: http://www.worldbank.org/argentina
Visit us on Facebook: http://www.facebook.com/BancoMundialArgentina
Be updated via Twitter: http://www.twitter.com/BancoMundialARG
For our YouTube channel: http://www.youtube.com/bancomundialLAC

Latest Press Release

Siam Commercial Bank Partners with Chaixi Bameekiao and Visa To facilitate QR payment for noodle franchise

- Ms. Pimjai Tongmee, SCB's Payment Product Sales and Delivery Division Executive Vice President - Mr. Panrob Kamla, President of Chaixi Bameekiao Co. Ltd - Mr. Suripong Tantiyanon, Country Manager for Visa Thailand "Siam Commercial Bank" (SCB)...

Isotropic Systems Raises $14 Million in Series A Funding Led by Boeing HorizonX Ventures to Advance Space-Based Connectivity

- Isotropic's approach to next-generation integrated terminal creates profound change in terminal economics and performance to unlock the satellite industry's full potential Isotropic Systems Ltd., the next-generation integrated satellite terminal...

Global economic growth expected to slow in 2019

The global economy as a whole is expected to slow in 2019 as G7 countries return to long-run average growth rates, according to new projections from PwC in its latest Global Economy Watch. PwC expects that the pick up in growth of most major economies...

QNB Group: Financial Results for the Year Ended 31 December 2018

QNB, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the year ended 31 December 2018. (Photo: https://mma.prnewswire.com/media/808498/QNB_Group_Head_Office.jpg ) Net Profit for the year ended 31...

CIMB THAI announces 2018 financial results with increased in operating income due to loan growth and lower gross NPL ratio. To fully move forward with Fast Forward program.

- Net interest income increased THB 544.3 million YoY mainly from loan expansion and higher interest income on investments. - Profit before tax of THB 271.2 million. - NPL ratio of 4.3% compared to 4.8% YoY due to more efficient risk management policies...

Related Topics