Labaid Cardiac and General Hospital Limited

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 The proposed investment is to contribute up to US$8.1 Million loan equivalent in Bangladesh Taka (BDT) to Labaid Cardiac and General Hospital (“LCGH” or the “Company” or the “Borrower”) as a senior-secured A loan from IFC (the “A Loan”). The project is expected to be supported by the IDA20 Private Sector Window Local Currency Facility (PSW LCF). IFC Loan will be used by the Company to set up a new 100 bed multi-specialty hospital in the emerging residential area of Uttara, a large suburb located 15 kilometers north of Dhaka city. The Project will improve access to affordable, high quality care for patients living in Uttara and neighboring areas by offering a variety of treatments that are currently not available or difficult to access in the vicinity. The Project will increase competitiveness in the sector as the new hospital will pursue accreditation from leading international bodies and enhance the standard of care through a strong demonstration effect. The Project is expected to contribute to employment creation by generating 500 direct jobs.