BNDES and IFC Signed the Agreement to Develop Healthcare PPP in Pernambuco

Brazilian Jaboatão dos Guararapes is the first municipality in the country to sign technical cooperation with the National Bank for Economic and Social Development (BNDES) and the International Finance Corporation (IFC),  to develop public-private partnership projects on the healthcare. The signing of the partnership took place in Brasília with the presence of mayor Anderson Ferreira, the superintendent of the BNDES’ government and institutional relations area, Pedro Bruno Barros de Souza and IFC principal investment officer in Brazil, Bernardo Tavares. The project will involve an investment of R$250 million ($45m) and is expected to come into effect from next year.

The technical assistance will involve investments planned for the expansion and modernization of medical care for the population of Jaboatão. According to the Ministry of Health, the proposed project will include the construction and installation of equipment in basic healthcare centers ((Unidades Básicas de Saúde). In addition to these investments, the model called “grey coat” will include the maintenance costs of the units.

 “This project enables important investments in infrastructure, essential for serving the population, better efficiency and gains in management. And it will allow municipal governments to fulfill the mission of providing citizens with well-being”.

Bernardo Tavares, IFC Principal Investment Officer in Brazil

The scope of work of the BNDES and IFC involves the carrying out of technical, legal, environmental and economic-financial analysis studies, as well as support in the preparation of bidding documents, project promotion and the adoption of technological and contractual innovations based on the best national practices and international in the sector.

Source and image credits: official website of City Hall of Jaboatão dos Guararapes