Dorothy McAuliffe, Special Representative for Global Partnerships at the U.S. Department of State, took the stage to announce the winner of this year’s P3 Impact Award: SAMRIDH, an Indian healthcare blended finance facility working to strengthen India’s healthcare systems. At the height of the pandemic, according to Sangita Patel, Director of the Health Office at USAID India, the nation was suffering 400,000 new cases a day. Working with leading institutions, one of India’s leading technology universities, and 100 partners, SAMRIDH mobilized $300 million in debt and grant funding for healthcare enterprises and innovators, ultimately providing solutions for 25 million people. It became a model for sustainable financing to meet the needs of the most vulnerable. Ashwajit Singh, Managing Director of IPE Global, reaffirmed that even challenging problems can be solved if everyone involved has an interest.
“Public and private collaboration facilitates innovation and impact on a scale that can build back better for shared economic prosperity and sustainability worldwide.”
Dorothy McAuliffe, Special Representative for Global Partnerships, Department of State
“We looked at creating some type of intervention that would bring prosperity in the wake of the COVID crisis.”
Sangita Patel, Director of the Health Office, USAID India
“This program has demonstrated that through a collective effort, as long as the partnerships can have an aligned interest for every partner and a clear role for every partner, there is a potential for having more blended finance facilities across the world.”
Ashwajit Singh, Managing Director, IPE Global