International Finance Corp loans $30m to AHI

by Richard Kilner

Story link: International Finance Corp loans $30m to AHI

The World Bank has announced it has signed a longterm contract with Asian Hospital Inc.

The 1bn peso deal is to fund the hospital’s infrastructure expansion programme and permit it to refinance its debts.

The International Finance Corp, the World Bank’s private sector arm, has stated it will provide US$30m (P1.26bn) in a longterm loan.

The loan forms only a part of an ongoing US$70m project designed to boost the AHI’s infrastructure and services.

Because of the deal, the hospital is able to retain medical expertise and to offer hundreds of new jobs.