Apr 02, 2013 (LBO) – A 200 million US dollar credit has been approved to develop Sri Lanka’s health sector to meet the challenges of emerging new diseases, the World Bank said. Injuries affect mainly the young male population and account for 15 percent of all registered deaths and for approximately 18 percent of all public hospital admissions annually.
Kumari Vinodhani Navaratne, World Bank senior health specialist said developing a modern health management system, quality assurance and co-ordination between institutions was needed to address changing health needs of the country.
Out of the loan 190 million US dollars will be used to implement a recently prepared national health development plan 2012-2017 and 10 million US dollars will be used to improve efficiency, monitoring and capacity building.
Country director Diarietou Gaye said a modernized health system employing international standard will improve living standards and also help move towards a knowledge economy and sustained growth as envisaged in a government strategy.
The International Development Association window loan comes at 1.25 percent interest, a grace period of 5 years and 20-year repayme