Bogota Health (IFC-602077)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Specific Location
Bogota
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
  • International Finance Corporation (IFC)
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
U
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
Jun 19, 2017
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
Financiera de Desarrollo Nacional (FDN)
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 850.35 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 @ IFC website

Updated in EWS Feb 26, 2018

Disclosed by Bank Feb 7, 2018


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Project Description

The city of Bogota is undertaking a health sector reform program to improve the quality and availability of primary, secondary, and specialized health services. Part of this program will include modernizing rundown hospitals and constructing new ones to meet the needs of Bogota’s growing population. IFC will work with the Financiera de Desarrollo Nacional (FDN), Colombia’s national development bank, to structure public-private partnerships to finance, design, construct, equip, maintain and provide selected non-clinical services in a variety of facilities.

People Affected By This Project

The project will increase people’s access to equitable, affordable, and good quality specialized health services in the city of Bogota, including people living in many of the city’s low-income neighborhoods.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

*No project contacts available at the time of disclosure*

ACCOUNTABILITY MECHANISM OF IFC

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/