devinitorg/iati-policy-markers huggingface dataset:
Covinoc Equity The project involves supporting Covinoc S.A. (Covinoc or the Company), a Colombian company specialized in the recovery of nonperforming assets within the financial system, in growing its capacity to administer loan and other financial assets portfolios, contributing this way to Colombias financial market development. IFCs involvement in this project would allow it to positively impact the market place by building capacity in Colombias financial market. The project is expected to increase the ability of financial intermediaries in the country to offload their assets, particularly non-performing ones, improve liquidity and devote these resources to originate new transactions, increasing this way their offer of credit.
TCBuen II Project Sociedad Portuaria Terminal de Contenedores de Buenaventura (the Company) operates a container terminal (the Terminal) in the Port of Buenaventura on Colombias Pacific coast.  After several years of rapid growth, the Terminal is reaching its design capacity and is undertaking an expansion to meet growing demand (the Project).  The Project is expected to increase the Terminals capacity to 610,000 TEUs and be completed in 2015.  The Project will also allow the Terminal to receive the larger vessels expected to be deployed in the future on South American routes.  This will be IFCs second financing for the Company, having helped finance its development in August 2010. The Project will increase Colombia''s competitiveness, and indirectly drive trade growth, by expanding much needed, modern efficient container handling capacity to better serve the country''s exports and imports. The Project will also continue to help reduce the cost of transportation by relieving congestion, improving productivity, and therefore benefitting shippers, shipping lines, and consumers alike. The entrance of TCBuen has led to increased volumes in the port of Buenaventura, as well as improved levels of service for clients from competing terminals. TCBuen project will continue to strengthen Colombia''s port sector by maintaining competition in the market and encourage other terminal operators to continue to improve the efficiency of their own terminal facilities. In addition, the Project will continue creating substantive employment in an area generally devoid of foreign investment and one the poorest in Colombia. This is all expected to result in more fiscal revenues to Colombia.
CAME CPLP Project Cartones America is planning to reduce their use of energy at their plant in Cali, Colombia. The energy efficiency improvement project planned by Cartones consist several sub-projects which will help it to reduce its energy consumption and thus reduce the operating cost for energy by almost 17% annually. This project is an overall energy systems improvement which will consist of improving the electrical system, such as lowering the voltage setting on the transformers, improving the transmission efficiency of motor by using poly V-belts instead of ordinary V-belts, increase the efficiency of the electric motor by replacing large standard efficiency motors with high efficiency motors and also down sizing motors so that they operate at optimal loading, the plant will also install variable speed drives on some application so that the supplied power to the machines matches the demand and also improve its lighting and refrigeration systems. On the thermal side the plant will be improving the efficiency of its boilers by installing automatic air-fuel regulators, improving its insulation on its steam pipes, valves and flanges and most importantly it will be improving the steam/ condensate management system at its Paper machine 3 so that its specific steam consumption will be reduced. Together, these Cleaner Production investment for energy efficiency qualify for funding via IFCs Board approved Cleaner Production Lending Pilot, a $20 million Facility via which IFC can provide Cleaner Production sub-loans to its existing portfolio clients. Cartones Americas Cleaner Production Investment are expected to result in:  - Improved Energy Efficiency and Reduced Costs: By implementing this project, the plant will improve its overall electrical and thermal energy consumption. Key energy saving areas are in the motors and pumping (electrical), and steam use (thermal). The CP Project is expected to improve energy efficiency of CAMEs Cali plant by 16.5%, translating into an estimated 11% in annual energy cost savings.  - Reduced Greenhouse Gas (GHG) Emissions: Implementation of the CP Project is expected to reduce GHG emissions from the Cali plant site by approximately 4300 tons of CO2 equivalent per annum which is about 11% of the total existing GHG emissions of this site.
Banco Davivienda S.A. The project entails a Green Bond to be issued by Banco Davivienda S.A. ("Davivienda" or the "Bank") in the Colombian  Segundo Mercado,  which will be fully subscribed by IFC. The Green Bond proceeds will be used for renewable energy, green building, energy efficiency and cleaner production sub-projects in Colombia. Through the Project, the Bank is expected to be among the first green bond issuers in the Country, supporting the creation and development of a local green bond market in Colombia.
Carvajal II Carvajal Group or the company is a leading privately-owned Colombian conglomerate founded in 1904, whose core business lines are:    - paper manufacturing and conversion;   - school and office supplies; phone directories;    - plastic & paper packaging; and    - book and textbook editing and publishing, printing of books, and printing of office forms.     The company is headquartered in Cali, Colombia and has operations across 14 sectors in 18 countries in Latin America, the United States and Spain.  The project consists of the companys 4-year modernization and expansion program, which began in 2003, and a program to modernize its information system by implementing an Oracle Enterprise Resource Planning System (ERP) across the company.  The project will enable the company to become a leader in its core business lines and achieve international competitiveness.
Credivalores II The purpose of this project is to increase the access to finance to the lower segment of the population in Colombia by supporting Credivalores-Crediservicios S.A.S (CV, the "Company" or "Credivalores"), a non-banking financial institution ("NBFI") focused on lending to low and middle income households in medium and small cities of the country. IFC will provide a Pesos-linked loan of up to US$20 million equivalent.  Credivalores is a NBFI that resulted from the merger of two sister companies in 2009 (Crediservicios S.A. and Credivalores S.A), which were established in Cali  Colombia in 2003 with the purpose of lending to individuals and small companies. The Company focuses on payroll-deduction loans, consumer lending collected through public utility bills and financing of insurance policies to low and middle income individuals. The Project is expected to have a significant development impact as it will allow middle and low income households to have access to formal sources of financing in medium and small cities of Colombia,  instead of going to informal financing sources at interest rates as high as 280% per annum and therefore promoting a better income distribution in the Country.
Dav Co Inclusion The Project consists of a financing package of US$400 million to Banco Davivienda S.A. (Davivienda or the Bank) in the form of a senior loan, including mobilization from additional investors on a funded and unfunded basis. The most significant, expected Project-level outcome is improved access to finance for female-headed social households, WSMEs, LGBTI people and climate-smart projects. Beyond this Project-level outcome, IFC anticipates that the Project will further contribute to market creation through capacity building, competitive pressure, and demonstration and replication channels, as it will trigger market-wide impact on financial inclusion of LGBTI people.
Credivalores The purpose of this project is to increase the access to finance to the lower segment of the population in Colombia by supporting Credivalores-Crediservicios S.A.S (CV, the "Company" or "Credivalores"), a non-banking financial institution ("NBFI") focused on lending to low and middle income households in medium and small cities of the country. IFC will provide a Pesos-linked loan of up to US$25 million equivalent.  Credivalores is a NBFI that resulted from the merger of two sister companies in 2009 (Crediservicios S.A. and Credivalores S.A), which were established in Cali  Colombia in 2003 with the purpose of lending to individuals and small companies. The Company focuses on payroll-deduction loans, consumer lending collected through public utility bills, discount of checks and financing of insurance policies to low and middle income individuals. Colombia continues to have a low banking penetration (Loan penetration to GDP 33%), especially in low-income segments of the population. Consumer loans that are billed and collected through Public Utility companies are an attractive channel to provide financing solutions at effective costs to the underserved individuals. The Project is expected to have a significant development impact as it will allow middle and low income households to have access to formal sources of financing in medium and small cities of Colombia,  instead of going to loan sharks at interest rates as high as 280% per annum and therefore promoting a better income distribution in the Country.
Bogota Street Rehabilitation The project involves a $50 million senior loan to the metropolitan municipality of Bogota Distrito Capital, to finance part of its 2007-2008 capital expenditures program for and rehabilitation of the Citys urban streets network as well as incremental construction of sidewalks and walking/bike paths.  The loan is part of a Bogotás borrowing plan for 2007 which includes, in addition to the proposed IFC loan, a $300 million international Peso-linked bond issue, and loans from multilateral development including a $50 million loan being processed by the Andean Development Corporation (CAF).  It is expected that the IFC and CAF loans and about $50 million from the bond will be dedicated to street rehabilitation, with the rest of the proceeds used for other capital expenditure program. Improved infrastructure: 

Investments to be financed under the proposed project will contribute to economic growth and the competitiveness of the citys businesses by improving the local infrastructure.  The street rehabilitation investments will reduce vehicle operating costs; times spent in congestion and accidents, and extend the life of the citys infrastructure.  Given the high traffic density, earlier road rehabilitation programs financed by IBRD in Bogota achieved ERR above 30%.  

Improved cash and debt management: 

The proposed loan would better match the disbursement profile of the citys capital expenditure program, while still providing terms and tenors appropriate for investment in infrastructure assets with long useful life.  It will help improve the Bogotas debt profile and reduce the risks associated with shorter-term borrowing alternatives.
Amboro Project The Project consists of a financing package of US$335 million to Banco Davivienda S.A. (Davivienda or the Bank) in the form of a Basel III Tier 2 Subordinated Loan, including mobilization from additional investors on a funded and unfunded basis. IFC anticipates that the project, supported by IFCs advisory services engagement with Davivienda, will improve access to finance for: (i) social low income households that are beneficiaries of the governments social housing program; (ii) WSMEs, where the financing gap in Colombia is significant; and (iii) green assets, primarily green buildings.  Beyond the Project-level impact, IFC anticipates that the Project will promote inclusiveness as it will trigger market-wide impact on financial inclusion of women. Additionally, the Project will promote an increase in climate financing available in the Colombian financial sector, which in turn will contribute to improved environmental sustainability (e.g., water savings, energy savings, and GHG emission reduction).
Ara Tiendas I Jeronimo Martins, SGPS, SA (the Group), one of the largest European food retailers, has requested IFC to provide a long-term loan to partially finance the next two years investment plan of its subsidiary, Ara Tiendas (Ara) in Colombia.  Ara is a chain of neighbourhood food retail stores, having started its operations in 2013 in Colombia. Over the next couple of years its expansion plan includes both the opening of new stores and distribution centres that will provide logistic support to the stores (the Project). 1) Job creation: The Project will create job opportunities, including in frontier regions, for local communities and women. 

2) Development of frontier regions: The Project will finance the expansion of proximity discount stores in the local neighborhoods across the country, including frontier regions. 

3) Boost formality and tax generation: The shops will contribute to boost formality and tax generation. 

4) Impact on customers: The Project will provide quality products at very competitive price, thus helping in improving the living standards for the local population. The Project targets to reach the vast majority of the national population and will focus primarily on low- and middle-income groups. 

5) Support of SMEs: The Project will strengthen the SME suppliers and the local supply chain, a vast majority of the products sold in the shops being sourced and produced locally.
Petrotesting Colombia S.A. Petrotesting Holding Limited is a holding company registered in the British Virgin Islands (BVI).  Petrotesting Holding is comprised of five companies: Petrotesting Colombia S.A. (oil and gas exploration and production company), Colregistros Ltda. (oil services company), Sumprocol Ltda. (distribution company, predominantly of lubricants), Petrotesting Drilling S.A. (oil and gas drilling services company) and Petrofood Services Ltda (food supply company for petroleum industry workers).  Collectively these companies are known as the Petrotesting Group.  Additionally, there is Petrotesting Carbon Ltda (coal mining company), which is not held by Petrotesting Holding Limited, but part of the Petrotesting Group.  The dominant company is Petrotesting Colombia S.A (PTC), founded September 2, 1985, which is where IFC resources will be focused.    PTC is a local Colombian company which defines it business niche as small and medium fields.  Since inception PTC has grown into a highly regarded company with 14 E&P assets spread throughout Colombias main hydrocarbon basins.  The project involves both the strengthening of the financial position of Petrotesting Colombia S.A. and supporting the adoption of best practice corporate systems (such as those related to governance, environmental, social, community programs and accounting) to enhance the future growth potential of the company.
MEB Port Project In 1992 Terminal Maritimo Muelles el Bosque S.A. (MEB) began executing a 20-year concession (extended in 2005 for another 20 years until 2032) to develop and manage a new multipurpose port in the Bay of Cartagena, on Colombias Atlantic coast. Muelles el Bosque Operadores Portuarios S.A. (MBO and together with MEB the company), a sister company to MEB, is the operator of the port facility.  The port occupies and area of 13 hectares and is the second largest in the city of Cartagena and the fifth largest in Colombia. In 2006 it received 438 ships and handled 46,278 containers, 253,179 tons of general cargo, 412,714 tons of grains and 52,760 tons of coke (fuel).   The proposed project includes:   - the extension of the south container terminal berth by 180 meters;   - the expansion of the container yard by 3.2 hectares and the paving of the existing container yard; - the acquisition of an additional mobile crane  and other container yard equipment; - the extension of the north berth by 50 meters;  - the building of two additional warehouses/silos; - purchase of land to increase container storage space; and  - the upgrade of the ports IT systems. The company manages one of the largest private ports in Colombia that is of significant importance as an integral part of the countrys transport and economic infrastructure. The capital investments will contribute to the development of an efficient and sustainable transport system for the country and will improve the countrys port infrastructure to facilitate Colombias growing international trade and reduce handling costs. The expansion and modernization of the port is expected to increase its efficiency, relieve capacity constraints, and improve its operating efficiency by incorporating international best practices in the port industry. The economic benefits of the project will primarily be reflected in incremental cargo and container traffic made possible through expanded capacity at the port. Competitiveness of imports and exports is also expected to improve as a result of the project. The project will also support the Government through increased royalty payments and taxes.
Avianca Project Aerovias del Continente Americano S.A. (Avianca or the company) is one of the largest airlines in Latin America and the largest in Colombia, operating from its main base at El Dorado International Airport in Bogota. The company provides scheduled services to 21 international destinations (in Europe and the Americas) and 21 domestic destinations. Avianca has five code sharing agreements with international carriers (Iberia, Mexicana, Delta, Air Canada and Taca). 

Avianca is planning to renew its fleet over the period 2008-2012 to reduce costs, improve efficiency and safety as well as provide better passenger service. The company has negotiated the purchase of 42 aircraft over the next 5 years (including at least 12 Boeing-787s and a number of Airbus-319/320/330s) to replace its MD-83 and Boeing-757/767 aircraft. The proposed project is to provide financing of up to $50 million to Avianca and its subsidiaries, Sociedad Aeronautica de Medellin Consolidada S.A (SAM) and Aviation Leasing Services Investment S.A. (ALS) to help finance the implementation of the companys fleet renewal program. The support of IFC is essential for the company to continue its fleet renewal plan to achieve greater efficiency and profitability. Avianca is of significant importance as an integral part of the countrys transport and economic infrastructure. The company provides essential air transportation services in Colombia, where the countrys topography and the long distances between cities makes air transportation vital, particularly given Colombias inadequate passenger rail infrastructure. The Project will promote domestic and international trade and tourism, facilitate business expansion and generate further business and investment interest within Colombia. Moreover, Aviancas wide network and coverage of cities throughout Colombia would further enhance access to remote areas, thereby aiding their economic development.
Termoflores The project consists of the construction of a 169 MW gas-fired combined cycle unit by Termoflores S.A. E.S.P. (Termoflores or the Company), a generation company whose operations are located in Barranquilla, Colombia. Currently, Termoflores has three natural gas-fired units in operation, (the Flores I combined-cycle and the Flores II and III open-cycle) with a total installed capacity of 441 MW. Flores IV includes the expansion/conversion of the existing gas turbines in Flores II and III from open cycle to a combined cycle facility, by adding a new steam turbine generator, heat recovery steam generator and balance of plant equipment. Flores IV will utilize the waste heat from Flores II and III to provide 169 MW of additional capacity without using significant additional gas. After the project is completed, Termoflores will have two operating units (Flores I and Flores IV) with a generation capacity of 610 MW. The estimated construction time is 25 months and project completion must be attained before December 1, 2010.  The project was granted a fixed 10-year period reliability charge payable over the firm capacity provided by the project. Termoflores generation capacity constitutes an essential asset as it provides reliability to the system under critical hydrologic conditions and price stability to the system in dry seasons. Upon project completion, Termoflores will become Colombias second largest thermal company with a capacity 610 MW, thus helping the system to have an appropriate energy supply matrix and ensuring long-term energy supply.   Termoflores is the first project to be entirely financed relying only in newly created reliability charge. By supporting the project, IFC would be supporting a key initiative of the government to avoid energy shortages and maintain price stability in the system. IFCs participation would help mitigate regulatory concerns that usually appear when there are changes in regulations.  The country will benefit of having one of the most important local private groups investing in the energy sector in the country. Although the first three phases of Termoflores have been in operation for some time, from the sponsors point of view, Termoflores represents its first investment in the energy sector. Additionally, during 2008, CCI acquired Merilectrica a thermal plant, and Generar and Project Montañitas two hydro projects, which will position CCI as the second thermal generator in Colombia with an installed capacity of 779MW (after project completion) and one of the main players in the Colombian energy sector. In the upcoming years CCI expects to grow through acquisitions and participating in new projects (hydro and thermo) in order to consolidate among the five largest generators in the country.
Davivienda MTSF Banco Davivienda S.A. (Davivienda or the bank) is a longstanding IFC client and the fourth largest financial institution in Colombia, with approximately $3 billion of assets and $390 million of equity as of August 2005. Originally specialized in mortgage lending, Davivienda has since diversified its product offering to become a full service commercial bank in Colombia. Having consistently delivered strong financial results, Davivienda has currently a local long-term credit rating of AAA by Fitch Ratings.   The Bank is seeking to raise subordinated and medium-term senior debt to strengthen its balance sheet, diversify funding sources, maintain its strong liquidity position and improve the Banks capitalization levels. The project consists of a financing package of up to $120 million to support the expansion and consolidation of the Banks operations in Colombia. The project will help Davivienda continue to expand its retail business while maintaining a strong presence in the mortgage industry.
CienoGroup I Grupo Cieno (Cienogroup, Cieno or the Group), founded 30 years ago, is a private, family-owned group based in Bogota, Colombia engaged in: (i) private healthcare plans; (ii) hospitals and health services; and (iii) pharmaceutical manufacturing . The most significant expected project-level outcomes are (i) increased availability of quality healthcare services, (ii) increased access to quality healthcare products, and (iii) direct/indirect job creation. There is also potential to strengthen competitive pressures in the health sector in Colombia.