The initiative is the winner of the P3 Concordia Impact Award, which recognizes and rewards leading public-private partnerships. In addition, the IDB Lab, the IDB’s innovation laboratory, led project “Beyond Extraction” initiative, promoting broad-spectrum and sustainable economic development in Brazilian, Chilean and Peruvian mining communities, was named a finalist for the same P3 Concordia Impact Award.

Salud Mesoamérica, the P3 Concordia Impact Award recipient, is an alliance between the Inter-American Development Bank (IDB), the national governments of Mesoamérica, private and public donors such as the Carlos Slim Foundation, the Bill & Melinda Gates Foundation, the Government of Spain and the Government of Canada.

Since 2012, the Mesoamerican Health Initiative (ISM) has worked with eight Mesoamerican countries: Honduras, Guatemala, El Salvador, Belize, Nicaragua, Costa Rica, Panama, and the State of Chiapas in Mexico. Its results-based financing model seeks to improve health access and quality for the poorest 20% of the population.

The Mesoamerican Health Initiative leads closing the health equity gap for people in the lowest income quintile, by expanding the coverage and quality of care for basic reproductive, maternal, neonatal, child and adolescent health services for women, children and adolescents.

The award given by Concordia recognizes the progress that ISM and its countries have achieved after nearly ten years of execution. ISM has improved the timeliness and quality of prenatal care, increased the coverage of institutionalized delivery and improved the quality of care for women and newborns suffering from obstetric and neonatal complications, among others.

The P3 Impact Award was created by Concordia, the University of Virginia Darden Institute for Business Partnerships and the US Department of State Office of Global Partnerships. The award seeks to highlight leading practices and practical insights in any collaboration intersectoral that presents public, private, non-profit or non-governmental organizations and addresses social problems.