Hospital deal excites IFC
21 March, 2018, 12:00 am
THE International Finance Corporation (IFC) has been approached by Government to structure and tender a public private partnership (PPP) between the State, the Fiji National Provident Fund (FNPF) and an internationally-certified hospital operator.
IFC Pacific manager Thomas Jacobs said they were excited about the partnership.
“IFC is the largest global development institution focused on the private sector in emerging markets. We believe that a strong and engaged private sector is indispensable to ending extreme poverty and boosting shared prosperity,” he said.
“That’s where IFC comes in.
“We have more than 60 years of experience in unlocking private investment, creating markets and opportunities where they’re needed most.
“IFC is excited to partner with the Fijian Government to improve healthcare services and facilities to support the wellbeing of the Fijian people as part of the Government’s 2020 National Strategic Plan for health.
“IFC has been asked by the Government of Fiji to structure and tender a public-private partnership (PPP) between the government, the Fiji National Provident Fund, and an internationally-certified hospital operator.”
He said the instructions from Government had been clear regarding the project.
“The Fijian Government has given a clear mandate to IFC that both the Lautoka and Ba hospitals are to remain public hospitals, open to all Fijians.
“To help developing countries meet their needs, such as Fiji’s in this case, IFC work is aimed to help countries preserve public funds by better crowding in private financing.”
He said the project would improve access to quality healthcare services for about 380,000 people in the Western Division.
“It will upgrade and improve the quality of medical services at the Ba and Lautoka hospitals to strengthen the healthcare system and improve curative and rehabilitative care.
“This project will lead to upgraded and expanded facilities, such as more modern medical equipment and offer new medical services, including better tertiary care, maternity care and treatment for non-communicable diseases such as heart disease or diabetes.
“We also anticipate that this project will be able to offer specialised medical services currently not available in the region, which could benefit not only Fijians but also people in neighbouring countries who currently have to travel to countries such as Australia or Singapore.
“So that’s why IFC is pleased to be assisting the Fijian Government with its plans to modernise and upgrade the Ba and Lautoka hospitals, which will raise the standards of healthcare for people in the Western Division and introduce a wide range of new treatment options to every Fijian.”
The IFC is a sister organisation to the World Bank and a member of the World Bank Group.