U.S. Development Finance Corporation Finances Women’s Hospital in Ecuador With The Help of Interlink
April 18, 2022 Washington D.C., – Interlink Capital Strategies, led by Michael Simpson, announced an $18 million credit agreement by the U.S. International Development Finance Corporation (DFC) that will help finance the first private maternal and children’s hospital in Quito, Ecuador. Axxis Hospital is the brainchild of a group of enterprising doctors who hope to improve healthcare in Ecuador by focusing on technological solutions and improving the environment in which healthcare workers function. The funding for the hospital will increase the capacity of the existing facility to service 48 inpatient beds, 16 neonatology beds, four delivery rooms, four recovery beds, and a myriad of additional spaces and services. The donation will also increase the number of hospital staff with over 300 new employees.
Project conception for this 200,000 square-foot complex began almost a decade ago when Interlink’s Senior Advisor, Michael Simpson, met with Antonio Naranjo Paz y Miño, General Manager of Axxis Hospital, to discuss working with the U.S. Development Finance Corporation’s predecessor, the Overseas Private Investment Corporation, to capitalize on the improving U.S.- Ecuador relationship. Dr. Naranjo said in a statement: "We thank the U.S. International Development Finance Corporation, who has trusted in our vision and allowed us to economically advance this project. This project brings together the support of the people of the United States of America with the will of a group of Ecuadorian doctors who believe in the possibility of living in a fairer, society where health is a privilege for all."
This investment supports DFC’s 2X Women’s Initiative, which addresses the unique challenges women face globally and aims to promote economic empowerment and gender equality and Interlink is proud to be part of an initiative that advances gender equality while strengthening health in developing countries.
Interlink Capital Strategies is a majority women-owned financial advisory, fund management and consulting firm that has focused on Emerging and Frontier Markets for almost three decades by providing capital and strategies for an inclusive and sustainable world. With Michael Simpson’s tireless efforts, we are proud to have been part of this important project that makes healthcare more accessible to women and children in Ecuador.