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Company name

Centro Médico Jerovia S.A.

Project number

12507 - 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

Paraguay

Sector

Social Infrastructure

Status

Proposed

Disclosed date

08/23/2023

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

Projected board date
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11/07/2023

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 100,000,000

Currency

USD

Project scope and objective

The Project involves the construction and operation of the "Centro Médico Jerovia", a new tertiary level hospital with 175 beds (expandable to 240) to be located on a 10-hectare site owned by Centro Médico Jerovia in the city of Asunción, Paraguay, with approximately 44,983 m2 of construction that will include state-of-the-art equipment and technology. In addition, a new Prepaid Medicine company will be created whose members will be treated at the new hospital.

The cost of the project is estimated at approximately US$250 million and will be financed by a combination of equity contribution, IDB Invest debt financing (up to 40% of the project costs in the case of IDB Invest's direct participation), and third-party financing.

The Jerovia Medical Center, in partnership with Mount Sinai Hospital in New York, will offer Paraguay and the entire region a high level of medical services, infrastructure, equipment, and highly trained and qualified medical personnel for the care and well-being of the population.

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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.

HOSPITAL JEROVIA ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

962.6 Kb

HOSPITAL JEROVIA ENVIRONMENTAL AND SOCIAL MANAGEMENT PLAN (ESAP)

409.6 Kb

Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

EIAP - CENTRO MEDICO JEROVIA

4.2 Mb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

fernando_leri_frizza@lerifrizza.com

PHONE NUMBER

+595983591500

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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