The World Bank Approves Loan to Improve Access to and Quality of Healthcare Services in Bolivia

Stocks and Financial Services Press Releases Tuesday June 19, 2018 09:09
WASHINGTON--19 Jun--World Bank

WASHINGTON, June 14, 2018 – The World Bank Board of Directors approved a US$ 300 million loan today to improve access to and quality of healthcare services for 3.8 million Bolivians. The goal of the project is to implement a comprehensive hospital management system through networks, complemented by training of healthcare professionals and the construction and equipping of 10 hospitals.

"The work that the World Bank does with the Government of Bolivia reflects a strategic partnership based on the shared objective of working for the country's development. The resources from this operation will benefit more than three million Bolivians, who will have dignified access to different healthcare services. This will be manifested through the building of secondary and tertiary care hospitals, as well as through the training of specialists," said Mariana Prado Noya, Bolivia's minister of planning and development.

Bolivia has significantly reduced its child mortality rate and increased access to primary healthcare services. Nevertheless, other key challenges remain, which are associated with non-communicable diseases, particularly cardiovascular conditions, cancer and diabetes, among others. These diseases continue to be leading causes of death, particularly among the population living in poverty.

Primary healthcare facilities require an effective system for referring more complex cases to secondary and tertiary care facilities. The new hospitals – nine second-level and one third-level – will facilitate this.

"The project, which was designed by the Government of Bolivia with World Bank support, will increase the quality of and access to healthcare services, especially for women, children and indigenous populations. In addition to the new fully-equipped hospitals, human resource capacities will be strengthened, and clinical care standards will be applied. All of these actions will work to reduce gaps in coverage and optimize coordination of services nationwide," said Alberto Rodríguez, World Bank Director for Bolivia, Chile, Ecuador, Peru and Venezuela.

The project will train physicians (specialists, sub-specialists and internists), nurses, and healthcare management and administrative personnel. The project will finance professional training in the country and abroad through agreements with international educational institutions, medical residency programs, graduate study in hospital management, training in healthcare services in intercultural environments, technical assistance, and educational teams to support residency programs.

The measures to improve healthcare service quality include the development and updating of clinical care protocols, the updating and implementation of accreditation standards, and the establishment of information systems in the new hospitals that are compatible with the existing National Health Information and Epidemiological Surveillance System (SNIS).

Of the total US$ 300 million in Project financing, US$ 252 million corresponds to a loan from the International Bank for Reconstruction and Development (IBRD), with a maturity period of 23.5 years and a grace period of 13.5 years. The remaining US$ 48 million is a loan from the International Development Association (IDA), with a maturity period of 23.5 years and a grace period of 14 years. The IBRD and IDA are the entities of the World Bank Group which provide financing to the Bank's member countries.


Latest Press Release

SET, SEC, IAA join hands to develop 100 quality stock research papers for 3 yrs

The Stock Exchange of Thailand (SET), jointly with the Securities and Exchange Commission (SEC) and the Investment Analysts Association (IAA), has initiated a project to extend securities research paper coverage to cover medium to small sized companies,...

Razer and Visa Announce Partnership to Transform Payments in Southeast Asia

- Integration of Visa prepaid solution in Razer Pay e-wallet to enable users to make payments at 54 million merchant locations on Visa's global network - Bringing financial inclusion to Southeast Asia's unbanked and underserved population Razer(TM), the...

KTC extends the period of Online privileges to online shoppers across all sites until the end of 2019. Receive 10% cash back and X5 points plus discount codes by shopping with strategic online partners.

"KTC" or Krungthai Card Public Company Limited, extends the period of happiness and worthwhileness for online shoppers with two tier of special privileges: 1) Redeem for 10% cash back for online purchased via all websites or mobile app across the world...

Photo Release: KBank and TLScontact launch new service to accept France and Portugal visa fee payment via credit and debit cards

Recently, at KBank Phahon Yothin Building, Mr. Panya Kongkapaisal (second from left), KBank First Senior Vice President, and Mr. Mathieu Bechu (second from right), SEA Zone Manager, TLScontact Enterprises (Thailand) Co., Ltd., the authorized agent to...

Fitch Upgrades Thailand#s IRPC to #A(tha)#; Outlook Stable

Fitch Ratings (Thailand) has upgraded IRPC Public Company Limited's National Long-Term Rating and senior unsecured rating to 'A(tha)' from 'A-(tha)'. The Outlook is Stable. Fitch has also upgraded IRPC's National Short-Term Rating to 'F1(tha)' from...

Related Topics