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This project in support of the Tereos Group is in many ways one of the most important in our Brazilian portfolio. First of all because it provides support to a key sector in the Brazilian agro-industry, and this type of approach has historically been central to PROPARCO’s strategy. This project is also essential to us because of what it covers and because of its positive impacts, in particular with respect to climate.

The context of the project is the increasing demand for healthcare in Brazil, resulting from the demographic growth and ageing population, but also due to the fact that more Brazilians now have access to health insurance, and therefore to hospital care. In practical terms, the project consisted in modernizing the existing facilities, as well as building and outfitting a brand new 18-storey building, which opened in 2014.

Significant progress has been achieved in the education sphere since the World Education Forum in Dakar in 2000. In ten years, the number of children attending primary school in the world’s developing countries has risen - by more than 40 million in low- and medium-income countries. This progress has steadily spread into secondary and higher education, too. Yet wider access to education has often been attained at the cost of quality.

There is no denying the healthcare progress made by developing countries. However, the sector needs additional financing to meet growing needs. What is the role for private investment?