PHILIPS MEDICAL SYSTEMS NEDERLAND BV
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Philips Medical Systems Nederland BV
What is our funding objective?
With this EUR 75k grant, FMO wants to strengthen the Lao Healthcare Referral System. Philips Medical Systems Nederland BV will perform a study to assess the financial and operational feasibility, gaps and challenges of the current and future Lao referral structure with inclusion of value based procurement aspects to stimulate outputs.
Why do we fund this investment?
The project will directly positively ensure healthy lives and promote well-being for all at all ages. Next to that, FMO funds the project for indirect effects of the projected intervention on livelihood, private sector development and well-being.
What is the Environmental and Social categorization rationale?
With our development capital and our involvement we ensure a sound environmental and social risk management in view of the construction and operation of the hospitals. This entails construction, operational EHS management and working conditions. We assess this project at the moment as E&S risk category: B/B+. The applicable IFC PS are: 1 (assessment and management), 2 (labor conditions), 3 (pollution and resource management). IFC PS 4 (community health & safety), 5 (land acquisition and resettlement), 6 (biodiversity), 7 (indigenous peoples) and 8 (cultural heritage) are not expected to be triggered due to the small footprints of the project sites. All of this will be further assessed during the project development stage.
- Country
- Netherlands
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 1/3/2018
- End date
- 8/16/2019
- Total FMO financing
- EUR 0.08 MLN
- Funding
- Development Accelera