Hospital Albert Einstein (IDBI-13135-01)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
Sao Paulo
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 4, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Sociedade Beneficente Israelita Brasileira Albert Einstein
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Infrastructure
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Oct 23, 2020

Disclosed by Bank Jun 8, 2020


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Project Description

The credit operation (the "Operation") will be used to finance the response actions of the Sociedade Beneficente Israelita Brasileira Albert Einstein (the "HIAE", the "Company" or the "Project") to the emergence of the COVID-19 pandemic , mainly in the city of Sao Paulo, capital of the State of Sao Paulo (SP), Brazil. These response actions include: i) the expansion of installed capacity, in the two public hospitals of the Unified Health System (SUS, acronym in Portuguese) operated by HIAE, Dr. Moyses Deutsch Municipal Hospital - M'Boi Mirim, Dr. Gilson de Carvalho Municipal Hospital - Vila Santa Catarina and the Emergency Care Unit (UPA) of Hospital Campo Limpo, also the implantation of two field hospitals, Campaign Hospital of the Morumbi Unit and Municipal Hospital of Campanha do Pacaembu, and a tent for attendance and screening in the UPA' s Municipal Hospital Dr. Gilson de Carvalho - Vila Santa Catarina and Hospital do Campo Limpo with a total of 743 new beds to reach a total of 1,081 beds; ii) the reorganization of the HIAE's service areas to expand 94 beds of the Intensive Care Unit ("ICU") and Adult Semi-Intensive Care and 11 hospitalization beds; and iii) complementary activities to support the response to COVID-19, including prevention actions in needy communities, purchase of essential medical supplies, diagnostic tests and support for research, as well as donations of personal protective equipment (PPE) to the states of Amazonas, Para and Ceara.

Investment Description
  • IDB Invest (IDBI)
Contact Information

For questions about the Project contact please contact:

Name: Guilherme Diegues
Title: Treasurer
Phone number: +55 11 2151 6043 Ext 76043
Email:
Guilherme.diegues@einstein.br

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request

ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IDB Invest)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IDB Invest is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).