SPECIAL FEATURE
PRIVATE AND PUBLIC COOPERATION T
he OPEC Fund’s Private and Trade Finance Operations – which
represent just under 10 percent of the Fund’s healthcare investments – primarily respond to the needs and opportunities identified by private sector operators to build and operate state-of-the-art health facilities. Ramina Samii, OPEC Fund Director,
Portfolio Management, explains: “Private healthcare depends on three things to succeed: firstly, economic development so that people can actually afford it. Second, employers’ health insurance schemes covering private healthcare. Finally, the state of the healthcare market development: Where the financial sector is providing healthcare insurance, you see more demand for private healthcare.” Ultimately, Samii reminds us, private
sector involvement benefits the public health sector too: “The more there are good private hospitals, the less pressure there is on public sector infrastructure. Moreover, good healthcare, whether public or private, at home reduces health
tourism which is costly for citizens and governments as it utilizes limited foreign exchange. Healthcare also provides job opportunities in a skilled sector, retaining talents.” The OPEC Fund finances private healthcare in one of four ways: wholly private initiatives, where the capital is provided and the market risk is underwritten by the private sector; public-private partnerships (PPP), where the capital is provided by the private sector while the market risk is
The more there are
good private hospitals, the less pressure there is on public sector infrastructure.
operational hospitals and health campuses have been developed under Turkey's PPP program
13 Ramina Samii, OPEC Fund Director, Portfolio Management “
Manisa City Hospital in Turkey
PHOTO: Kursova Photography 15
PHOTO: Kursova Photography
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