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Ndjamena, Chad, July 23, 2015
—IFC, a member of the World Bank Group, today announced financing to help expand Chad’s leading private hospital and upgrade standards of service to improve the quality of health care in the country.
An IFC investment of €1.23 million will be used to construct and equip a new 56-bed hospital in Ndjamena, Chad by Clinique la Providence. It currently operates a 26-bed hospital on leased premises. The new clinic will deliver high-quality health services in an economy where health care expenditure is low—estimated at only 4.6% of GDP. Demand for private healthcare services is growing in Chad, driven by rising incomes and a growing population with few quality service alternatives.
“This new facility will allow us extend our health care services into new specialist areas including cardiology, chest medicine, reanimation, orthopedic, surgery, and oncology. Specialist services are in high-demand in our country and will considerably reduce the need for Chadian patients to obtain specialized health services outside the country, or rely on medical evacuations”, said clinic founder Dr. Ngombaye Djaibe.
Established in 1995 as a private practice originally providing consultation services to outpatients, Clinique la Providence has grown substantially over two decades into a leading private hospital that provides extensive healthcare services to over 100,000 patients per year in Ndjamena. The project will raise Chad’s healthcare standards, and improve environmental and social practice standards. It also sets a benchmark in the private health sector in Chad and the Central Africa region.
Olivier Noel, acting IFC Manager for Central Africa said, “The private sector plays an increasingly important role in health care delivery. IFC is committed to investing in critical sectors in Chad, which has one of the lowest levels of access to health care services globally. This new hospital managed by Clinique la Providence will significantly improve the quality and breadth of healthcare services available.”
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity. In FY14, we provided more than $22 billion in financing to improve lives in developing countries and tackle the most urgent challenges of development. For more information, visit
www.ifc.org
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