IIC Provides US$10 Million In Financing For The Expansion Of Hospital ABC In Mexico


Washington, D.C. - On February 28, 2006, the Inter-American Investment Corporation (IIC) approved a loan of up to US$10 million to expand the facilities of Mexico's Hospital ABC. The expansion will consist of the construction of two buildings that will provide care in two key areas: oncology and women and children's health. The loan will enable the hospital to expand its operations and receive technology transfers in order to provide medical services in two fields that are not adequately covered in Mexico.

The IIC will finance two new health centers: a cancer clinic and a women and children's health center. The loan will also be used for the purchase of high-tech equipment for both centers. Hospital ABC is a private institution, but its Brimex Clinic serves lower-income patients from Mexico City. These patients will have access to high-quality health services with modern equipment, leading doctors, and a model hospital infrastructure.

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: Sotero Arizu/Carlos Roa

Telephone: (202) 623-3907

Email: soteroa@iadb.org