ADB to improve health care in rural PRC

The Asian Development Bank (ADB) signed a loan agreement of $150 million with Far East Horizon Limited (FEH) to provide lease financing to public hospitals in 12 of the least developed provinces in the People’s Republic of China (PRC), improving health service delivery to people in rural parts of the country.

“Health care service has grown in the PRC over the last two decades, but there is still a need to make health care services affordable, reliable, and accessible particularly in the rural and other less developed areas,” said Ms. Engstrom. “ADB’s deal with FEH will help public hospitals to access much-needed finance, through a leasing arrangement, to invest in new equipment and deliver higher-quality medical services that will make a real difference to people’s lives.”

FEH will use the proceeds of ADB’s loan to finance the lease or purchase of modern medical equipment. Eligible hospitals will be from the 12 least developed provinces in terms of per capita income, which are located in the central and western regions of the PRC. Specifically, the ADB loan proceeds will be used exclusively for county hospitals, which primarily serve the population in surrounding rural areas.

Original source: ADB
Published on 08 July 2019