UNDP and PCMC team up to improve health services, investor recruitment process begins
The Pimpri-Chinchwad Municipal Corporation (PCMC) and the United Nations Development Program (UNDP) recently signed a Memorandum of Understanding to co-create India’s first Social Impact Bond (SIB) in the city and have started the process. appointment of risk investors.
The PCMC aims to transform the delivery of primary, secondary and tertiary care services and bring the city’s 41 public health facilities up to national and international standards, officials said. The SIB is designed to bring transformation by strengthening infrastructure, people skills, processes and technological capabilities. This is the first time in India that an urban local body will act as a funder, said Deputy City Commissioner Anna Bodade.
According to the MoU, UNDP will provide technical assistance. Earlier this year, the Palladium Group was named a SIB design and implementation partner. The PCMC has launched the Request for Qualification (RFQ) to identify and qualify potential social investors to join the SIB, which is available on the PCMC website. After a thorough assessment, a qualified social investor (s) will be appointed, who will work closely with the implementing partner to implement the identified interventions and achieve the pre-defined results, officials said.
Mayor Usha Dhore said: “The SIB is needed to strengthen health facilities in Pimpri-Chinchwad. Thanks to the SIB, we will be able to provide quality health care in all public health facilities in the city. The proposal was taken up at the general assembly in August 2021, where we sanctioned a budget of 100 crore rupees for the same.
PCMC Commissioner Rajesh Patil said: “With UNDP technical assistance for India’s first social impact bond, PCMC aims to improve processes, standardize health service delivery, modernize infrastructure and human resource capacity building to strengthen overall health services and eliminate imbalances in the use of facilities.
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UNDP and PCMC are currently organizing a road show for national and international philanthropic organizations as well as potential investors and social investors who would be interested in partnering with PCMC to strengthen the city’s health system.
UNDP Resident Representative Shoko Noda said: “It has been an extremely rewarding experience to design the SIB in PCMC. It is encouraging to see the government move towards results-based payment models, bringing transparency and accountability. We hope the model will be successful and look forward to replicating and expanding it in other areas as well. “