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French Proparco provides Georgian hospitals with grant to support COVID-19 battle

Business Materials 22 January 2021 17:57
French Proparco provides Georgian hospitals with grant to support COVID-19 battle

BAKU, Azerbaijan, Jan. 22

By Tamilla Mammadova – Trend:

French Proparco provides Georgian Evex Hospitals with a grant to support its operations against COVID-19, the Proparco told Trend.

"This grant will finance exceptional protective equipment costs caused by the pandemic. It recognizes the key role the private sector is currently playing to overcome the health and economic crisis and illustrates Proparco’s sustained commitment to its clients," the source said.

The subsidiary of the largest healthcare group in Georgia - Georgia Healthcare Group (GHG), Evex Hospitals manages the largest hospital network, operating 18 referral hospitals across the country. Since the beginning of the COVID-19 crisis, the Group has partnered with the Georgian government to contribute to the national pandemic response.

As of January 2021, six hospitals (in Tbilisi and the regions) with more than 1,000 beds managed by Evex Hospitals have been specifically equipped and made available to support the Georgian Government and the Ministry of Health and Social Affairs to manage the pandemic in the country and to receive and cure COVID-19 patients in a safe way.

"Proparco and Evex Hospitals have been partners since 2016, when Proparco allocated a $25-million loan to the healthcare provider to support its development, including notably the refurbishment of two referral hospitals and the development of outpatient care facilities," the company said.

According to the Proparco, the subsidy will specifically help Evex Hospitals better protect its employees and patients, including through the purchase of personal protective equipment (PPE) and disinfection materials and services. This operation was made possible thanks to funds allocated to Proparco by the French Ministry of Europe and Foreign Affairs and dedicated to supporting Proparco’s clients, especially in the health sector, in their efforts to address the COVID-19 crisis.

Since the beginning of the COVID-19 pandemic, Proparco has been working steadily to support its clients, to provide them with tailored solutions and to help them cope with this unique situation.

Proparco has been supporting sustainable development for 40 years across Africa, Asia, Latin America and the Middle-East. As the private sector financing arm of Agence Française de Développement (AFD), Proparco provides funding and support to companies and financial institutions, and helps them control the impacts of their activity.

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