The Hospital does not have shareholders given its non-profit nature. The Hospital is actively managed by an Executive Committee with the oversight of the Board.

 The total Project Cost is estimated at approximately US$33 million equivalent. The proposed IFC investment is a US$10 million corporate A Loan to finance the construction a new building which will add 104 beds.        

This is an E&S category B project because, based on information reviewed by IFC, this investment will have limited adverse social and environmental impacts that are few, are generally site specific, largely reversible and readily addressed through mitigation measures, as outlined in the Environmental and Social Action Plan (ESAP) attached to this ESRS.

Specific key environment, social, health and safety issues reviewed during the appraisal included environmental and social (E&S) management capacity of the sponsors to undertake the project and operations in a manner consistent with IFC Performance Standards; working conditions for employees and contract workers during both construction and operation of the hospital; efficient use of energy, water and resources; plans for the management of liquid effluents and its discharge; and management of hazardous materials and hazardous health care wastes during the operations. A critical aspect is to ensure that Life and Fire Safety systems are constructed and operated according to relevant national and international standards.

The findings of the project appraisal indicate that there are no impacts related to PS5: Land Acquisition and Involuntary Resettlement given that the land is already owned by the Hospital on the same campus as presently occupied; PS6: Biodiversity conservation and Sustainable Management of Living Natural resources, PS7: Indigenous Peoples, and

PS8: Cultural Heritage do not apply because no adverse impacts to biodiversity or sustainable natural resource management have been identified, and no Indigenous People are known to have been in the area of the project. No sites of cultural heritage are expected at the location of the development.