Bishkek, Kyrgyz Republic, December 19, 2017—IFC,
a member of the World Bank Group, announced today the formal completion
of a landmark agreement to improve kidney dialysis services in the Kyrgyz
Fresenius Medical Care, the world’s leading provider of dialysis products
and services, is due to set up four advanced dialysis centers in Bishkek
and three other densely populated regions to provide the lifesaving treatment.
Only 20 percent of Kyrgyz patients that need dialysis currently have access
to it through public health facilities. The company entered a public-private
partnership agreement with the Kyrgyz Republic earlier this year to provide
the service, which came to a financial close today.
"Our main objective is to provide the growing number of dialysis patients
around the world with the best treatment possible,” said Joachim Seyfang,
Executive Vice President for Eastern Europe, Middle East and Africa, Fresenius
Medical Care. “We are pleased to have the opportunity to offer state-of-the-art
dialysis services to patients in the Kyrgyz Republic.”
The project, led by IFC and supported by KfW on behalf of the German Ministry
for Economic Cooperation and Development, is the first public-private partnership
in the country. Fresenius Medical Care will provide the hemodialysis services,
which will then be reimbursed by the Kyrgyz government, a perfect example
of the private delivery of services using public financing.
“We are pleased to have supported the Kyrgyz government on structuring
a private-sector-led solution to the provisioning of quality health services
in the country and look forward to a successful implementation of the private
hemodialysis centers,” said Moazzam Mekan, IFC Regional Manager for Central
Asia. “This PPP agreement highlights how governments and the private sector
can work together on key infrastructure projects to provide crucial services
to their citizens.”
IFC helped the Kyrgyz Ministry of Health structure the project and carry
out an international bidding process that was ultimately awarded to Fresenius
Medical Care. The project preparation was initiated and financed by German
Development Cooperation, through KfW, and supported by the governments
of Austria, Hungary, and Switzerland.
Fresenius Medical Care
Fresenius Medical Care is the world's largest provider of products and
services for individuals with renal diseases of which around 3 million
patients worldwide regularly undergo dialysis treatment. Through its network
of 3,714 dialysis clinics, Fresenius Medical Care provides dialysis treatments
for 317,792 patients around the globe. Fresenius Medical Care is also the
leading provider of dialysis products such as dialysis machines or dialyzers.
Along with the core business, the company focuses on expanding the range
of related medical services in the field of care coordination. Fresenius
Medical Care is listed on the Frankfurt Stock Exchange (FME) and on the
New York Stock Exchange (FMS). For more information, visit www.freseniusmedicalcare.com.
About KfW Development Bank
KfW is one of the world´s leading and most experienced promotional banks.
Established in 1948 as a public law institution, KfW is owned 80 per cent
by the Federal Republic of Germany and 20 per cent by the federal states
(“Länder”). KfW Development Bank is Germany’s leading development bank
and an integral part of KfW. It carries out Germany´s Financial Cooperation
with developing countries on behalf of the Federal Government. The 600
personnel at its headquarters and 370 specialists in its 68 local offices
cooperate with partners all over the world. Its goal is to combat poverty,
secure the peace, protect the environment and the climate, and make globalisation
fair. KfW is a competent and strategic advisor on current development issues.
For more information, visit www.kfw.de.
IFC, a member of the World Bank Group, is the largest global development
institution focused on the private sector in emerging markets. Working
with more than 2,000 businesses worldwide, we use our capital, expertise,
and influence to create markets and opportunities in developing countries
around the world. In FY17, we delivered a record $19.3 billion in long-term
financing for developing countries, leveraging the power of the private
sector to help end poverty and boost shared prosperity. For more information,