Chisinau, Moldova, December 7, 2011—IFC,
a member of the World Bank Group, has helped facilitate a groundbreaking
partnership that is expected to improve hospital services in Moldova and
pave the way for future investments in the country’s healthcare sector.
IFC advised Moldovan officials on a
recently-signed agreement with private healthcare provider Magnific SRL.
The company will provide radiology and diagnostic imaging services at Chisinau’s
IMSP Republican Hospital. This is the first public-private partnership
project in Moldova and will benefit 100,000 patients annually.
“Public-private partnerships have emerged
as way to increase the efficiency of the country’s healthcare sector,”
said Dr. Andrei Usatii, Moldova’s Minister of Health. “The availability
of technically-advanced diagnostic equipment is essential for ensuring
timely diagnosis and contributes to the reduction of total care costs and
enhances health service quality.”
Magnific SRL will invest $7 million
in capital improvements and modern radiology and imaging equipment, including
a C.T. scan, MRI technology, digital fluoroscopy, and digital and mobile
X-ray machines. The company will hire on employees who are currently working
in the hospital’s radiology section. It has also agreed to return to the
hospital five percent of its annual revenues from referred patients.
"This agreement represents an important
step in improving healthcare for Moldovan citizens and paves the way for
new public-private partnership projects in the country,” said Georgi Petrov,
IFC Public-Private Partnerships Business Line Leader in Europe and Central
The initiative is part of IFC Advisory
Services’ Public-Private Partnership program, which counsels governments
on ways to engage the private sector in the provision of essential services.
The program’s goal is to support economic development by expanding access
to power, water, healthcare, and sanitation services.
The IMSP Republican Hospital project
was implemented with financial support from the Ministry of Foreign Affairs
of the Netherlands.
IFC, a member of the World Bank Group,
is the largest global development institution focused exclusively on the
private sector. We help developing countries achieve sustainable growth
by financing investment, providing advisory services to businesses and
governments, and mobilizing capital in the international financial markets.
In fiscal 2011, amid economic uncertainty across the globe, we helped our
clients create jobs, strengthen environmental performance, and contribute
to their local communities—all while driving our investments to an all-time
high of nearly $19 billion. For more information, visit www.ifc.org.