Washington, D.C., April 10, 2007—IFC,
the private sector arm of the World Bank Group, is holding its biannual
health care conference on April 18-20, 2007, in Washington, D.C., to explore
the future of private health care, which is growing rapidly in developing
countries, buoyed by economic growth at home and opportunities abroad.
Emerging market operators are increasingly going international, to other
emerging markets as well as industrialized countries. Conference participants
will discuss the changes taking place, business prospects, and ways that
companies can benefit from shared experiences and best practices as well
as forge new links through cross-border investing.
More than 100 participants from over
20 countries are expected to attend. Panel discussions and presentations
by leading analysts and practitioners will provide information for decision-makers
on competing in the global marketplace. Major themes include innovative
models, future trends, franchising, health cooperatives, insurance, and
medical tourism. Discussions will place special focus on the experiences
of companies from Brazil, China, India, Kenya, Nigeria, South Africa, Saudi
Arabia, Thailand, Turkey, and the United Arab Emirates.
Speakers will include Paul Wolfowitz,
World Bank Group President; Lars Thunell, IFC Executive Vice President;
Laurie Garrett, Senior Fellow for Global Health, Council on Foreign Relations;
Hans Rosling, Professor of International Health, Karolinska Institute,
Sweden; and Jackie Shevel, founder and former CEO, Netcare, South Africa.
Guy Ellena, IFC Health and Education Director, will chair the conference.
According to Thunell, “Global spending
on health care has risen substantially over the past decade. There is a
demand for more and better services, and governments are embracing private
sector participation—encouraged by the need for better quality and efficiency
in health care systems. Nowhere is this need felt more keenly than in the
emerging markets, where demand is presenting big opportunities both for
local providers and multinationals.”
To learn more about the conference please
IFC, the private sector arm of the World
Bank Group, promotes open and competitive markets in developing countries.
IFC supports sustainable private sector companies and other partners in
generating productive jobs and delivering basic services, so that people
have opportunities to escape poverty and improve their lives. Through FY06,
IFC Financial Products has committed more than $56 billion in funding for
private sector investments and mobilized an additional $25 billion in syndications
for 3,531 companies in 140 developing countries. IFC Advisory Services
and donor partners have provided more than $1 billion in program support
to build small enterprises, accelerate private participation in infrastructure,
improve the business enabling environment, increase access to finance,
and strengthen environmental and social sustainability. For more information,
please visit www.ifc.org.
IFC and the Health Care Sector
IFC is the world’s largest multilateral
investor in the private health care sector in emerging markets. From 2000
to 2006, IFC provided $350 million in financing to 39 private health care
projects in 22 countries, with a total value of $1.2 billion. IFC has mobilized
an additional $70 million from participating banks for its health investments.
IFC-supported health care facilities employ over 20,000 people in developing
countries and treat about 5 million patients annually. IFC's Health and
Education Department (www.ifc.org/che)
provides project and corporate financing through a variety of financial
instruments, including loans, guarantees, and equity investments. The department
also provides advisory services to support individual clients.
NOTE TO EDITORS: For
media accreditation or to attend, please call 202-473-7700 or e-mail: firstname.lastname@example.org.
Prior registration is necessary. Non-media queries should be directed to
202-473-4274, e-mail: Healthconference@ifc.org