Health: Credits for Guatemalan companies

The U.S. International Development Finance Corporation offered a $250 million quota for companies in the country to invest in health sector projects.

Thursday, May 14, 2020

Directors of the International Development Finance Corporation (DFC) were the ones who reported last May 11 the existence of these financial resources. The exclusivity of these $250 million for companies in the health sector is due to the current health emergency situation, which derives from the outbreak of covid-19.

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These resources are part of the America Crece initiative, which in the first instance was exclusively to finance projects that generate economic impact such as infrastructure, energy and construction of popular housing to prevent migration. However, the health sector has now been included.

Juan Pablo Carrasco, president of the Guatemalan-American Chamber of Commerce (AmCham), told Prensalibre.com "... these are medical projects, which were not included in the original initiative, but as a result of the health emergency they were included. The new Health and Prosperity initiative will include a call for proposals from private sector entities seeking DFC's support for health-related investments in developing countries."

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Carrasco added that "... in the case of Guatemala, companies dedicated to the provision of medical and health services can apply, and in the following days we will be informing about this new financing option that offers favorable conditions to interested companies."

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