IFC and Santander Brasil to Expand Access to Finance for Smaller Healthcare Providers, Boosting Brazil’s Health System
Smaller healthcare providers, doctors, and health professionals will have improved access to finance with an IFC investment aiming to strengthen Brazil's health system by supporting greater market resilience and addressing the continuing challenges of COVID-19.
IFC's financing package of $150 million to Banco Santander, a leading bank in Brazil, will allow the bank to expand its financing to doctors and healthcare micro, small, and medium enterprises (MSMEs) for working capital and purchase of medical equipment. This is IFC's first Social Loan in healthcare in the Latin America and Caribbean region, and the project is under its Global Health Platform (GHP). GHP is a $4 billion IFC program with the objective of mobilizing private investment to close the healthcare supply gaps caused by COVID-19.