WASHINGTON, Apr 7 2014 (IPS) – The world’s first hospital to be built and run in a developing country under a public-private partnership is taking up more than half of the health budget in Lesotho, according to new estimates, diverting resources from populations outside of the capital.
The unique funding arrangement for the Queen ‘Mamohato Memorial Hospital, which opened in 2011 in the capital city of Maseru, came about under a deal brokered by the International Finance Corporation (IFC), the World Bank’s private sector arm.“It’s very concerning that the deal was structured to give a 25 percent return to a private company – that’s a phenomenally high rate.” — Anna Marriott of Oxfam
Yet while the Washington-based IFC was negotiating on behalf of the Les…