Historical series Itaú Unibanco S.A. raises USD 150 MM from JICA to finance the Health Sector
The Japan International Cooperation Agency (JICA) signed a Loan Agreement with Itaú Unibanco S.A of $150 million. The loan will be used to enhance the healthcare sector in Brazil by improving the capacity of private hospitals and bolstering the supply capacity of medical equipment and pharmaceutical companies, especially at this time due to the pandemic.
This is a response to the situation in Brazil caused by the spread of the COVID-19 infection. It will support financing to private hospitals that are engaged in facing COVID-19 crisis. Diagnostic clinics will also be supported, as well as medical equipment and pharmaceutical companies.
Besides this initiative Itaú has also been engaged in a relevant donation program called Todos pela Saúde, an initiative with the objective of combating COVID-19 and its effects on Brazilian society, through four pillars of action: inform, protect, care and return.
This loan is the first investment in the private sector to meet with “JICA’s Initiative for Global Health and Medicine”, which is JICA’s initiative to address the healthcare sector improvement in response to the spread of COVID-19.