Mesoamerican Health is a partnership between the IDB, the national governments of Mesoamerica, private and public donors such as the Carlos Slim Foundation, the Bill & Melinda Gates Foundation, the Government of Spain and the Government of Canada.

The Mesoamerican Health Initiative (MSI) has been working since 2012 with 8 countries in Mesoamerica: Honduras, Guatemala, El Salvador, Belize, Nicaragua, Costa Rica, Panama, and the State of Chiapas in Mexico. Its results-based financing model seeks to improve access and quality of health for the poorest 20% of the population in the 8 countries.

The award recognizes the progress that SIWI and its countries have achieved after almost ten years of implementation. SIW has improved the timeliness and quality of prenatal care, increased coverage of institutionalized childbirth, and improved the quality of care for women and newborns suffering from obstetric and neonatal complications, among others.

The main objective is to close the health equity gap for people in the lowest income quintile by expanding the coverage and quality of care of basic services for women, children and adolescents.

The P3 Impact Award was created by Concordia, the Darden Institute for Business in Society at the University of Virginia and the U.S. Department of State's Office of Global Partnerships.

The goal of the award was to highlight leadership, learnings and best practices in cross-sector collaboration presented by public, private, nonprofit and nongovernmental organizations to address social problems.