SL Labs (IFC-602343)

Countries
  • Sierra Leone
Where the impacts of the investment may be experienced.
Specific Location
Freetown, Bo and Makeni
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 14, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
*Borrower information not provided at the time of disclosure*
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 0.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 25, 2019

Disclosed by Bank Feb 22, 2019


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Project Description

According to IFC project disclosure information, the objective of the project is to structure a public-private partnership (PPP) for the completions of three regional referral labs, recently renovated but not fully operational, in order to improve access to quality lab services in Sierra Leone. The labs will be located around Freetown, Bo and Makeni providing coverage to over 40% of the population. The Project will therefore involve IFC advisory assistance to the Ministry of Health of Sierra Leone to develop a bankable structure that would attract private sector players to develop the three regional labs under a PPP arrangement. The regional labs will perform all lab tests currently outlined in the Basic Package of Essential Health Services. In addition, these labs will provide support to all primary health facility in the respective catchment areas at districts level. It is also expected that the PPP labs will provide training to other public labs staff, especially for lab staff working in primary health.

This project aims to attract private expertise and financing, should it be required, which can meet quality healthcare standards and generate efficiencies in the operation of three regional referral medical labs around Bo, Makeni and Freetown. 680,000 lab tests would be performed per year in the Freetown, Bo and Makena regions of Sierra Leone and improved labs services are expected to benefit 2.7 million people over the period of a 5 years PPP contract. The lab will provide free lab test for patients under the free healthcare initiative and for patients who currently pay for lab services the charges for test will be equal to or less than patients are currently paying. It is anticipated that the three regional labs will jointly provide access to 30 staff per quarter. The other regions will also benefit from the project as lab staff working in other public labs at district levels will have access to the regional labs for training and skill transfer.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

*Contact information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/