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The transaction involves an investment of US$50 million in preferred convertible shares. The IFC investment will be mainly used to expand Vision One’s hospital network through M&A transactions and to develop new revenue streams, including (i) affordable eye care services to reach a broader patient base through a low-cost network of eye care clinics and a special program targeting the uninsured population, providing access to Vision One’s services at affordable costs, and (ii) the opening of eyewear retail stores (the “Project”).
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/