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Company name

Dostorres S.A.

Project number

14124-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Panama

Sector

Social Infrastructure

Status

Proposed

Disclosed date

10/03/2023

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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05/09/2024

Approval date

N/A

Signed date

N/A

Sponsoring entity

Hospitales Nacionales, S.A.

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

USD $ 18,000,000

Financing amount

USD $ 24,000,000

Currency

USD

Project scope and objective

The proposed transaction involves a structured financing initiative directed towards DOSTORRES, S.A. (the "Borrower"), supported by Hospitales Nacionales, S.A. This initiative aims to (i) finance the design, construction, operation, and maintenance of Hospital Costa Verde (the "Project"). The hospital complex will be located in the region of Panama Oeste and will be its first third-level private hospital. The project will implement climate resilient infrastructure elements in the design and construction of the hospital as well as attaining an EDGE certification, those measures to be supported by IDB Invest.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

COSTA VERDE SUSTAINABLE HEALTH COMPLEX - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

184.3 Kb

COSTA VERDE SUSTAINABLE HEALTH COMPLEX - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

266.2 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

scornuchet@hospitalnacional.com

PHONE NUMBER

+507 307-2383

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .