devinitorg/iati-policy-markers huggingface dataset:
Cventures Primus The project consists of BRL$15 million in equity investment, not to exceed 20% of the total commitments in Cventures Primus Fund (the Fund), a Brazilian early stage venture fund focused on cleantech, life sciences, IT and telecom, and digital media/education technology.  The Funds expected size is BRL$80 million. The intent is to have a maximum of 12-16 companies, initially receiving BRL$3-4 million per company with follow-on investments as growth targets are met.  Key focus regions are the three southern states (Parana, Santa Catarina and Rio Grande do Sul) of Brazil where many of the research institutes, incubators and universities exist as part of a venture/seed ecosystem.  The Fund will be managed by CRP Companhia de Participações (CRP) with Cventures Innovative Enterprises and Holdings (Cventures) acting as a special advisor assisting pipeline development, deal execution, portfolio monitoring and exits. (i)	Private sector development: The Fund will provide equity capital to help promote growth and improve revenue and profitability of the Fund's SME investees, and help support the venture capital industry in Brazil. (ii)	Economic sustainability: demonstrated through the Fund's ability to help its investees grow sustainably and generate employment growth faster than the national average.  Cventures Ecosystem today has created thousands of jobs, a significant number of which are skilled jobs; (iii)	Financial success: evidenced by the Fund's investment return (net IRR). (iv)	Narrowing the gap of funding for early-stage companies: Despite the existence of innovative technologies, well established research centers/incubators and young companies in Brazil, there exists a gap in funding for early-stage companies in Brazil.  There are limited venture investors for IT/telecom and internet in Brazil, and beyond that sector there is a dearth of venture capital funds. Demonstrating that investments in early-stage companies in cleantech, biotech, education tech/digital media sectors is profitable should lead to increased inflow of much needed private capital for these sectors in Brazil. (v)	Reduction of CO2 and other GHGs:  The Fund is expected to invest a portion of its investments in clean technology companies, thus contributing to a reduction in carbon emissions.
Bic Mobilization Banco Industrial e Comercial S.A. (BicBanco) is a leading Brazilian mid-sized bank, which has operated predominantly in the middle market niche since 1938. It is publicly traded at BM&FBovespa and has a nation-wide presence in all regions of Brazil. The project entails a corporate loan to BicBanco for on-lending to small and medium enterprises. The project is expected to (i) increase access to finance for small and medium enterprises (ii) fully support and help the Bank to introduce new funding and commercial opportunities from emerging markets financial institutions, especially in Asia and (iii) broaden mid-sized banks funding alternatives.
Austral Project The proposed project is an equity investment (the Project) in shares of Austral Participações S.A. (Austral or the Company). Austral is the holding company of two wholly-owned subsidiaries, Austral Resseguradora S.A., a reinsurance company, and Austral Seguradora S.A., an insurance company. Austral was founded in 2010 by Vinci Partners (Vinci), a Brazilian private equity and asset management company.  Austral Resseguradora S.A. operates in the following lines of business: Property, Agro, Liability, Engineering, Life and Personal Accident, Health, Marine and Energy, Motor, Aviation and Surety.  Austral Seguradora S.A. operates in Surety, Engineering and Oil & Gas.  The purpose of this project is to develop innovation and competitiveness in the Brazilian insurance market, by assisting Austral in consolidating its operations, building on IFCs previous experience of similar investments in the insurance and reinsurance sector around the world. In addition, the IFC investment and stamp of approval would help the company obtain an international rating and expand its operations outside of Brazil. The proposed Project will:  -	Improve Competitiveness: create market alternatives by increasing competition in the reinsurance sector in Brazil, which is still dominated by the IRB, the government-owned reinsurance company;  -	Support infrastructure projects: to enable (i) job creation; (ii) economic growth; and (iii) increase in living standards by providing insurance products that are essential for the execution of large infrastructure projects, which could unlock and support Brazil''s potential growth for the next decades;  -	Enable fund accumulation: insurers have the capacity to deploy longer-term investments (than commercial banks and other financial institutions)  into the economy, supporting economic development and infrastructure build-up; and  -	Promote Innovation: Austral provides reinsurance and insurance products that are underdeveloped and/or new in the Brazilian market.
Bankfacil BKF table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }   The proposed project consists in an up to US$8.5 million equity investment in the Series B equity funding round in Bankfacil (BKF or the Company), an online marketplace and lender based in Brazil that offers secured loans to individuals, funded by banks and institutional investors. The loans are originated online, processed in an efficient back office, and then sold to banks and investors. The Company offers loans secured by auto or home equity. - Access to a wider range of financial products: BKF offers Brazilian consumers the ability to access credit at rates lower than would otherwise be available, due to the use of collateral (home and auto) in a country where most consumer debt is unsecured, as well as through operational efficiencies by using technology. This new developmental model promotes low cost financial services through innovative delivery channels, saving people time, money and financing costs.
- Development of a new product and asset class: BKF is creating a new investment product for institutional investors, who can now purchase auto equity loan receivables and home equity loan receivables through a securitization structure.
Bradesco Templeton The projects goal is to establish the US$100 million Brazilian Corporate Governance Fund.  IFC would invest less of US$20 million or 25% of the Fund.  A first closing of the fund may occur at US$50 million.  The Brazilian Corporate Governance Fund will be a closed-end fund with an expected life of six years.  Its objective is to create value for investors by identifying, investing in, and supporting mid-sized Brazilian companies committed to implementing the highest international standards of corporate governance, and which are also undervalued at current stock prices.       IFC''s role    IFC will send a clear signal of support to the Brazilian authorities and to a broad set of private sector actors who are pushing for changes to the legal and regulatory framework for corporate governance.  In addition, IFC has a strong role to play by helping the sponsors structure the Fund.  Most importantly, as a vocal proponent of improved corporate governance values in emerging markets, IFC''s presence as an investor in the Fund, and as a member of its investment committee and advisory board, will also be crucial to attract other investors both in Brazil and abroad.     Developmental Impact    Empirical evidence across countries indicates that more developed and more active capital markets are associated with higher rates of economic growth and that well-balanced financial systems with financial intermediation by both banks and capital markets can also absorb shocks better.  Efficient capital markets enhance resource allocation, raise long-term financing for investment, and provide diverse financing opportunities for firms both directly and indirectly, by offering exit vehicles for venture capitalists.  Addressing the corporate governance problem in Brazil is essential to develop the countrys capital markets and will depend, among other factors, on enhancing minority rights protection, strengthening the corporate governance of institutional investors, and expanding the structure and enforcement of regulation and supervision.  If achieved, these improvements would result in higher firm valuation, lower cost of capital, and less profitable investment opportunities being bypassed.
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         The proposed investment (the Project) consists of a 1-year straight senior loan for up to US$150 
       
       
         million to Banco Santander Brasil S.A. (Santander or the Bank). The Project, which can be 
       
       
         renewed twice for up to 3 years at IFC's discretion, will support the Bank's financing of its BRL denominated trade and working capital local portfolios, with special focus on SMEs. Support SMEs: The project's main objective is to support SMEs that foster local economies. SME finance is a key priority for IFC as one clearly identified constraint to prosperity and poverty reduction observed in many EMs relates to a shortage of lending to SMEs. This project contributes to reducing the gap because it provides support for SME lending through a financial intermediary that has a broad reach in Brazil. This project is particularly relevant in the current economic recession.

Countercyclical role: a clear objective of the project is to support confidence in the Brazilian banking sector by providing a large financing package, including direct exposure to a systemic bank and to an economic sub-sector when the need is greatest. IFC's countercyclical role through its stamp of approval as a respected investor in the marketplace will help address a possible confidence crisis, and the project will further help anchoring expectations about the strength of Santander and of the banking sector in Brazil.
BOP Omni Loan The proposed project consists of a financing package of up to US$40 million to the Omni Financial Conglomerate (Omni) through Omni S.A.  Crédito, Financiamento e Investimento (Omni CFI), Omnis leading financial company. The financing package is comprised by: (i) an A-loan of up to US$25 million in BRL equivalent; and (ii) a B-loan of up to US$15 million. The Project entails a potential Advisory Services component to strengthen Omnis risk management to ensure sustainable growth of its microfinance business model. The project will be part of the BOP program.     The purpose of the proposed investment is to support Omnis microfinance portfolio focused on: (i) microenterprises in the transport segment (low-income truck drivers); (ii) microenterprises in Frontier Regions; and (iii) low-income immigrants and refugees in Brazil, in line with IFCs strategic pillar in Brazil to close the microfinance gap to foster employment and economic growth (the Project). The most significant expected project-level outcome for the project is access to finance for microenterprises including migrants and refugees to support economic activity and resilience in the aftermath of the COVID-19 crisis. Beyond the project outcome, IFC anticipates that the Project will support resilience amongst microfinance and BOP finance providers catalyzing investments in the sector by demonstrating the viability of lending to BoP providers and crowding in other sources of international and domestic finance in support of these lenders.
Embraer Project Embraer - Empresa Brasileira de Aeronáutica S.A. (Embraer, or the company) is one of the worlds leading commercial aircraft manufacturers, and is the largest manufacturer located in a developing country.  Embraer is currently engaged in a strategically important extension of its product line and consolidation of its position as a global player.  The IFC project would help Embraer achieve this goal by providing financing, on commercial terms, for the launch of its program for the new Embraer 170/190 Family of aircraft.  The Family comprises four models that seat between 70 and 118 passengers.  The company has already delivered some of the first model  the Embraer 170 and expects to receive certification of the other models in the coming years.
Canopus Project The project is to support Grupo Canopus (Canopus or the Company), to expand its focus on low-income housing developments under the Minha Casa Minha Vida or any follow on governmental program. Canopus, one of the largest real estate developers and construction companies in the state of Minas Gerais, Brazil, has invited IFC and the IFC African, Latin American and Caribbean Fund, LP, managed by IFC Asset Management Company LLC (ALAC Fund) to make an equity investment to support its corporate capital expenditure plan for the expansion of its footprint in the affordable housing segment specially in the 0 to 10 minimum wages segment (including underdeveloped regions such as Brazilian North and Northeast), as well as the consolidation of its current position in the mid-high income and commercial segments (the Project). The stability of the Brazilian macro economy during the last seven years coupled with the Governments agenda to prioritize the housing sector in a countercyclical effort, have boosted the demand for lower- and middle-income housing.  The proposed Project will support a reputable domestic housing company to undertake its growth plan in response to increasing demand for quality and affordable entry level lower-income houses in Brazil, thereby helping to reduce the current housing deficit in the country  particularly among lower-income families. Consumers will benefit from the expanded supply of residential units, while such housing developments will contribute to urban infrastructure development and community development around them, such as roads, electricity, hospitals, recreation areas, and so forth, thus also improving living standard of the population in the surrounding area.  Finally, in addition to promote significant job creation, the Project will also enhance local supply linkages through increased demand for construction and building materials in the country. Once construction is completed, the housing units will stimulate the use of local supplies of goods and services, supporting maintenance, retailing and wholesale operations.  In addition, local employment will be generated during and after construction.
Cemar-Maranhao Companhia Energética do Maranhão (Cemar or the company) is the electricity distribution company operating in the state of Maranhão in northeast Brazil. Cemar currently serves 1.4 million customers in its 333,366 km2 concession area (3.9% of Brazilian territory). 

During 2007-2009, Cemar will implement capital expenditures (the Investment Plan) whose primary objectives are to: 

- modernize and expand the companys distribution network to connect new customers and meet rapid energy demand growth; 
- improve the reliability and quality of electricity served; and 
- enhance operational efficiency, through energy losses reduction, IT system upgrades, work facilities consolidation and energy efficiency initiatives. 

The proposed project involves IFC financing of up to $80-100 million equivalent to partly finance the Investment Plan. According to the Brazilian Institute of Geography and Statistics (IBGE), Maranhão is one of the poorest states in Brazil with many of its residents still lacking access to electricity and other basic amenities. The project has high development impact, as it is expected to: 

- Support Maranhãos economic growth: 

The project will modernize and expand the electricity distribution network and add sub-transmission and distribution capacity to effectively meet the rapid increase in electricity demand in Maranhão. 

- Increase electricity access to the poor: 

The project will increase electricity access in one of the poorest states in Brazil, especially given Cemars active participation in the Programa Luz Para Todos (Light for All Program or PLPT) which connects poor, rural households. Access to electricity will enable the poor residents of Maranhão to enjoy a better quality of life, increase work productivity and engage in new economic opportunities. 

- Improve the quality of service to end consumers: 

The Investment Plan will enable the company to make improvements in the reliability and quality of service which will enhance customer satisfaction and support economic growth by avoiding significant costs associated with disruptions in electricity supply. 

- Reduce energy losses: 

The project involves capital expenditures that will enable the company to reduce commercial and technical losses. This will allow the company to improve cash flow and redeploy capital to further improve operations and expand the distribution network. Reducing technical losses also contributes to energy efficiency and associated environmental benefits.
BBM II Project Banco BBM S.A. (BBm, the Bank or Banco BBM), which was founded in 1858 and is the countrys oldest private-sector bank, is one of Brazils leading medium-size financial institutions.  It provides a range of credit, loan, and derivative products to smaller as well as mid-sized corporates; has an active  but prudently managed  proprietary trading business; and offers third-party asset management services to investors.  As a result of its long history and very conservative business culture, BBMs operations are characterized by robust credit structuring skills, as well as state-of-the-art risk management systems.  In June 2006, IFC committed and disbursed to Banco BBM the local currency-equivalent of US$50 million, in order to support expansion of the Banks credit activities involving mid-sized corporate borrowers (the Original Credit or BBM I).  This was the first, major, long-tenor credit transaction undertaken by IFC aimed at supporting the operations of a medium-size Brazilian bank.  It was also the first, significant, local currency-indexed debt financing executed by IFC in Brazil.  With an increase of nearly 100% from June 2005 to June 2006, the expansion of BBMs credit portfolio has exceeded expectations.  As a result of this growth, the Original Credit has been fully drawn down, and the Bank is currently seeking additional long-tenor funding.    The project involves a subscription by IFC of a second cross-border, local currency-indexed note to be issued by BBM, for an amount up to $50 million-equivalent. The relevant credit exposure will have a bullet maturity of 7 years.  Funding proceeds from the transaction will be used by the Bank to further expand its lending activities involving mid-sized corporates.  Furthermore, the project will require BBM to book a certain percentage of the transactions funding proceeds as loans with longer tenors than it extends on average at present, and to also on-lend a percentage of transaction funding proceeds to smaller corporates (with sales below a predetermined threshold). BBM has a widely acknowledged expertise in credit operations, particularly involving mid-sized corporate borrowers.  Furthermore, the Bank has targeted growth in credit operations as a strategic priority for the next several years.  Thus, given the success of BBMs credit expansion in the recent past, BBM II will play an important role in further broadening BBMs credit activities involving clients who may not currently have access to adequate funding from large banks or the capital markets.
Neon Equity The project consists of an equity investment for a minority stake in Neon Payments Ltd. (Neon, or the Company), a holding company that holds an equity interest in companies regulated by the Brazilian Central Bank that offer secured and unsecured credit, investments, insurance, and financial management tools to the Brazilian mass worker population. IFC is proposing up to US$15 million in preferred equity financing to support the Companys operations. IFC anticipates that the Project would result in improved access to quality lending products for individuals in Brazil. Access to affordable credit remains challenging for a large, underserved population as interest rates remain substantial, driven by high default rates and the lack of a sophisticated credit rating system. The investment will support the Company to scale its offering of secured credit cards with and without leverage, consequently seeking to reach more underbanked low-income individuals in Brazil, enabling them to build a credit history and access more affordable credit and ultimately non-collateralized credit.

Beyond the Project, this investment has the potential to contribute to boosting the inclusiveness of the Brazilian financial system through demonstration and replication by supporting the Company to expand its operations and reach underbanked populations through an innovative platform and inclusive products, demonstrating to other players from the banking sector the commercial viability and business opportunity of strategy focused on this population.
Suzano Petroquimica Suzano Petroquimica S.A. (Suzano or the company) is one of the largest petrochemical companies in Brazil that, through its controlled company Polibrasil Resinas S.A. (Polibrasil), and its joint controlled companies, Politeno Industria e Comercio S.A. (Politeno) and Petroflex Industria e Comercio S.A. (Petroflex), produces, markets and distributes petrochemical products. The company was incorporated in 2001 as a result of a corporate reorganization that culminated in a spin-off of all petrochemical assets then held by Companhia Suzano de Papel e Celulose (a former IFC client).  These companies produce three main products: polypropylene (PP), in the case of Polibrasil, polyethylene (PE), and synthetic elastomers, which are sold in both the domestic and the international markets. The company also has a controlling block of a new company, Rio Polimeros S.A. (Rio Polimeros), which is building the first petrochemical complex in Brazil that will use natural gas fractions as raw material and has integrated ethylene and polyethylene production units.    The project under consideration includes the buyout of Basell''s 50% stake in Polibrasil with the aim to hold 100% ownership of the company, the announced corporate restructuring, the debottlenecking of Polibrasils operations and debt refinancing. The acquisition was announced on June 20, 2005 and was completed on September 1st 2005.  By taking full control of Polibrasil, Suzano will become an operating company, positioned as one of Latin Americas largest thermoplastic resins producers and the largest PP producer.  This acquisition enables Suzano to become a major integrated petrochemicals player, instead of an investor and holding company, positioning itself as a consolidating agent in the Brazilian petrochemical sector in the Southeast region.  Suzano will also implement a corporate restructuring aimed at simplifying its group structure and turn itself into an operational company as disclosed to the market on its press release of September 1st, 2005.