The International Finance Corporation (IFC), Proparco, the German Development Finance Institution (DEG) and the US International Development Finance Corporation (DFC) have announced a joint financing package for pharmaceuticals company Aspen Pharmacare to support the production and distribution of lifesaving medicines and vaccines in Africa. The €500-million loan package to Aspen Treasury Ireland, a wholly owned subsidiary of Aspen, includes €150-million from IFC’s own account and €350-million in parallel loans mobilised from DEG, DFC and Proparco, a subsidiary of Agence Francaise Development, the French government’s development finance institution.
