IIC And Mexico'S Universidad Autónoma De Guadalajara, A.C. (UAG) Sign A US$6 Million Loan Agreement

08/09/2006

Washington, D.C. – The signature of a US$6 million loan agreement between the Inter-American Investment Corporation (IIC) and Universidad Autónoma de Guadalajara, A.C. (UAG) in Guadalajara, Mexico, was finalized on August 10. The purpose of the loan is to support UAG’s investment project to modernize and equip its main health care center, the Hospital Escuela Angel Leaño teaching hospital. The loan proceeds will be used to finance construction work, the acquisition of medical equipment, and infrastructure projects. The project will enable UAG's teaching hospital to improve its use of installed capacity and purchase high-tech equipment. It will also extend the reach of the local health system, providing access to medical services in a predominantly lower-middle class area of Guadalajara.

UAG Chancellor Antonio Leaño Reyes signed for UAG in Guadalajara on August 8. IIC General Manager Jacques Rogozinski signed for the IIC in Washington, D.C. today.

The Inter-American Investment Corporation is a multilateral financial institution that is part of the Inter-American Development Bank Group. It provides financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. The IIC's mission is to promote the economic development of its regional member countries by stimulating the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. For more information on the IIC's activities, visit its Web site at www.iic.int.

Contact: Jacques Rogozinski

Telephone: (202) 623-3901

Email: sylviasz@iadb.org