Bishkek, Dec. 27, 2017 / Kabar /. 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 Republic.
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.
About 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, visit www.ifc.org