TE Brazil Health (IFC-602903)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1.67 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 26, 2019

Disclosed by Bank Jun 12, 2019

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

IFC will support IFC's strategy by introducing the best available technologies to IFC clients and prospective clients in the healthcare sector in Brazil through implementing the following four main components:

1) Increase awareness of young technology companies from around the world (including home grown solutions) of opportunities in Brazil healthcare, and screen technologies that meet the needs of Brazilian healthcare providers
2) Increase awareness of healthcare providers of new technologies, and prepare technology companies and providers for matchmaking event to increasing know-how of engaging/partnering
3) Convene a technology matchmaking event targeted to present and demonstrate technologies
4) Support the validation/adaption of new technologies through field test/demonstration projects

IFC is uniquely positioned to bridge the awareness and adoption challenges between technology users and Innovators. The TechEmerge Program can help young tech companies accelerate the deployment of their technologies in emerging markets by leveraging IFC’s unique global network, and in parallel, help IFC clients and prospective clients to increase their competitiveness by adopting cutting-edge technologies, which can support improved and/or more affordable services to underserved populations in emerging markets.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

The goal of this project is to improve access to healthcare services and patient delivery through catalyzing the adoption of new technologies by corporates and other institutions in Brazil.

More specifically, the project will look to:
1) Improve the receptiveness and willingness of corporates in Brazil to adopt innovative technologies from around the world.
2) Increase the motivation of young technology companies from around the world to adapt and deploy their solutions in Brazil.
3) Refine IFC's value proposition (investment and advisory knowledge, capability and solutions) for capturing and supporting technology for development impact.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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/

How it works

How it works