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Tuesday, 15 June 2021

IFC could invest USD 300 mn in healthcare

New IFC funding for healthcare in the works? The International Finance Corporation (IFC) is considering lending another USD 300 mn to healthcare companies in Egypt, Country Manager Walid Labadi told Hapi Journal. Labadi did not disclose who the IFC is talking to, in which sectors, or when it might pull the trigger on the financing.

The corporation’s biggest Egypt-focused financing agreement this year went to a healthcare firm: Integrated Diagnostics Holdings (IDH) received USD 45 mn from the IFC earlier this year to help fund its expansion plans into other emerging markets.

And we could soon see better quality water, courtesy of the IFC: The World Bank’s sister organization is mulling teaming up with some public and private-sector companies in the field of water treatment in the near future, Labadi said, without specifying a timeline, naming companies or disclosing a value for the financing.

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