IFC Pledges to Assist Local Hospital

Apr 26 , 2019

The International Finance Corporation (IFC) signed an advisory services agreement with Hallelujah General Hospital to promote improvements in patient safety and quality assurance in Ethiopia. IFC will work with the hospital to assess achievements and gaps in patient safety and quality assurance. The World Health Organisation (WHO) recognises patient safety as a serious global public health issue in developed and developing nations. A recent study by Lancet Global Health Journal highlighted that in lower-middle-income countries poor quality of health services contributed to more deaths than lack of access to health services. “Patient Safety is an essential aspect of risk management. It is paramount for us to operate in line with international standards and good practices,” said Yetnayet Eshetu, CEO of Hallelujah. IFC, a member of the World Bank Group, is the largest multilateral investor in private healthcare in emerging markets with over 4.3 billion dollars financing over 200 projects, as of June 30, 2017.