devinitorg/iati-policy-markers huggingface dataset:
GEF Earth Fund The GEF Council approved in June 2007 the Public Private Partnership Initiative (PPPI), now renamed The Earth Fund, as the basis for a more effective approach to engaging the private sector in its activities. The rationale for The Earth Fund is to create a system of governance and administration more conducive to private sector creativity, investment, and participation.   The Earth Fund has been structured to create an efficient mechanism for private sector entities to access GEF funding for environmental projects.  Key elements of The Earth Fund include a commitment of $50 million by the GEF, the creation of Platforms, or envelopes of funding managed by GEF eligible Implementing Agencies or other entities as approved by the GEF Council, and a strategic advisory Board. All Platforms and projects developed under the GEF Earth Fund will be in line with the Operational Strategy and Strategic Programs of the GEF ( http://www.gefweb.org/interior.aspx?id=72 ) , The Strategic Programs strategy incorporates guidance from conventions for which GEF serves as financial mechanism: the Convention on Biological Diversity, the UN Framework Convention on Climate Change, the Stockholm Convention on Persistent Organic Pollutants, and the United Nations Convention to Combat Desertification. It also establishes operational guidance for international waters and ozone activities, the latter consistent with the Montreal Protocol on Substances that Deplete the Ozone Layer and its amendments.  All projects under the GEF Earth Fund will be projects promoted by the private sector and consistent with these strategies.
Armajaro Project IFC is considering a loan of up to $30 million to Armajaro Trading Group Limited (ATGL or Armajaro).  ATGL is an intermediary holding company and owns 100% of Armajaro Trading Limited (ATL), which was founded in 1998 and is an integrated supply chain manager of soft commodities including cocoa, coffee and, more recently, sugar. ATL aims to be partner of choice in the Agri-commodity supply chain. The proposed investment will scale up ATLs upcountry sourcing capabilities in the origin countries, improve its funding flexibility, strengthen its balance sheet and assist more farmers achieve sustainable farming practices. The project''s development impact includes direct benefits to rural populations in many developing countries in Africa and Asia and a demonstration impact on sustainability and traceability initiatives. Some key impacts will be: 1)  increased number of farmers reached/trained, 2) improved E&S practices in the traceable portion of the supply chain 3)  improved farmers'' income through certification, training and improved access to market.
Rocket EM Internet Fund The project consists of an IFC equity investment of up to 20 million in an early stage venture fund domiciled in Luxembourg (setup of fund legal entity in process) and managed by a subsidiary of Rocket Internet AG, dedicated to invest in early-stage internet-based companies in Emerging Markets (the Fund). The Funds expected first closing size is 60 million. The Project''s expected development impacts include: (i) developing the private sector as the Fund will help support internet entrepreneurs in Emerging Markets, (ii) provide scarce funding for early-stage companies in these regions, (iii) promote knowledge transfer as investees can benefit from Rocket Internet''s expertise, and (iv) encourage ICT infrastructure development, which could increase consumers'' and companies'' access to new markets and services.
Project Name Pending Note on Disclosure: pursuant to paragraph 9 (d) of IFCs Disclosure Policy, the disclosure of the Project Name and Company Name of IFCs investment is being delayed because of risk of impacting market conditions. In due course, a revised SPI will be published containing all standard SPI information.    IFC proposes to invest in Private Investment Fund (the Fund), a $100 million equity fund sponsored by U.S, Bank Holding Company.  The Fund is a follow-on fund to a prior investment fund that is an IFC investee company.  The Fund will invest in microfinance institutions (MFIs) and small business banks (SBBs) in Africa and Asia. The Fund will follow the same model of combining investment capital, governance and capacity-building services as the first fund, which entails value addition through the acquisition of minority equity stakes in financial institutions complemented by advisory services (AS) aimed at strengthening the Funds investees.  The AS will be provided by an independent U.S.-based nonprofit organization. Scaling up Microfinance: The Project will help scale up financial institutions focusing on MSMEs by providing them commercial funding and AS to expand their operations and enhance their capacity. This model should attract other private and commercial investors to do the same, thereby promoting investments in the microfinance sector.   Facilitate access to funding for MFIs and SBBs: The current demand for credit by underserved microenterprises in emerging markets far exceeds the funding provided by donors and commercial lenders. The creation of the Fund will enable the financial institutions to have access to financing to develop their operations and enable them to meet the local demands from microenterprises.   Access to finance for MSMEs: The Project will benefit the end users, MSMEs, in terms of increased access to finance, which will in turn stimulate business activity and create jobs.
MSC Shipmanagement Limited The Project is to help Mediterranean Shipping Company (MSC) improve its fleets sailing performance and reduce fuel consumption.  This is expected to produce significant greenhouse gas savings and have a positive impact on climate change. The Project will support IFC''s goal of promoting environmentally friendly transportation solutions by optimizing vessel efficiency and reducing fuel consumption. It is a novel, energy efficient project that will significantly reduce emissions such as carbon dioxide within the transportation sector, positively impacting climate change. Additionally, the Project will decrease transportation costs, demonstrating the viability of a transport project that is simultaneously focused on environmentally friendly solutions.
GTST Trident The proposed project consists of up to one year trade finance facility of up to US$200 million (Facility), to cover importation of natural gas to Ukraine during the winter season of 2015-2016 by the state-owned National Joint Stock Company Naftogaz of Ukraine (Naftogaz). The Facility will be used to finance the deliveries of ENGIE, major European supplier of natural gas, under their natural gas supply framework contract with Naftogaz.   The Facility would provide support to a vitally important industry in the country by contributing to the supply of energy, essential for the functioning of the economy, industrial companies, utilities, and for the well-being and protection of residential customers. The proposed investment will have significant development impacts as follows:  1.	Crisis response: the deteriorating economic situation in the country and geopolitical tensions can cause a disruption in energy supply, with adverse impact on the fragile state of the economy, already reeling from the impact of political changes and ongoing military conflict.  IFC''s support will help mitigate the risk of supply disruption by assisting Naftogaz''s access to trade finance to cover its import needs, and diversify sources of supply.  2.	Economic stability: The Project will enable Naftogaz to guarantee another source of supply of gas to the market during the season when the demand of gas is extremely high which is essential to the country''s economic and social development.
Capria Acc. Fund Capria Accelerator Fund (Capria Fund or the Fund) is targeting $5 million of commitments to invest in, and catalyze, early-stage local fund managers in Sub-Saharan Africa, South/South-East Asia and Latin America that will be targeting financial returns and positive societal impact. A. Creation of local fund management teams that will activate sufficient capital and related expertise to enable promising entrepreneurs and SMEs to have access to finance.  B. At local fund manager, and investee company, level - operational and financial improvements, implementation of best-practice corporate governance and ESG improvements of local businesses.
Remitly Project Remitly (the Company) is a mobile payments service provider that offers customers a convenient way to make person-to-person international money transfers from the US and Canada to India, the Philippines and Mexico. Remitly is a licensed money transmitter currently operating in 49 US States, plus the District of Columbia, and Canada, sending millions of dollars for thousands of customers each month. IFC is considering an equity investment in Remitly, which will be used to finance the Companys continued global expansion. International remittances are a major contributor to the economies of the receiving developing countries. Companies like Remitly leverage technology to provide money transfers at a lower cost. Lowering the cost of remittances directly translates to financial savings, of which a significant share will accrue in the receiving country.
LMRKTS Series A 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; }          LMRKTS provides portfolio trade compression services which involves identifying redundant derivatives trade exposure and recommending offsetting ones to reduce counterparty and systemic risk.    At present, the Company primarily serves banks and central counterparty clearing houses. Its proprietary algorithms have been demonstrated to eliminate client exposures with high efficiency and with little operational disruption to existing financial infrastructure. The Company was founded in 2012 and is headquartered in New York City. LMRKTS is raising funds to expand its staff, operations, and services. LMRKTS reduces systemic risk and stabilizes the global financial system. Its current applications in FX derivatives are especially relevant for illiquid currencies, strengthening emerging markets financial institutions, and improving economic resilience in those countries
IFC Global Emerging Markets Fund of Funds The project entails an IFC equity investment of up to $150 million in the IFC Global Emerging Markets Fund of Funds (GEM Fund or the Fund). The Fund will seek to raise $750 million to $1 billion to invest in a diversified portfolio of private equity funds in the emerging market space. The proposed Fund is expected to have significant developmental impact by supporting a minimum of 20-25 private equity and venture capital funds which will: (i) Support private sector development: investee funds will help to improve local companies'' competitiveness by providing equity capital and management advice; (ii) Stimulate economic growth and job creation: investee funds will invest in high-growth companies that will create new employment opportunities and contribute to economic development and employment; (iii) Promote international best governance practices: investee funds will be required to adhere to IFC''s ESG requirements and implement these at their investee companies. By mobilizing third-party institutional capital, the Fund will allow IFC to leverage its existing resources and thus expand its developmental impact. In addition, the Fund will help to deepen private equity markets by being able to provide liquidity to investors via secondary purchases, which will improve the attractiveness of the asset class as it provides for an alternative exit mechanism.
MCPP OP Allianz As part of its strategic focus on mobilizing private sector capital supporting the World Bank Groups climate agenda in emerging markets, IFC is proposing an additional first loss investment in an Allianz Global Investors managed vehicle, through the purchase of notes issued by the limited partner of the Vehicle. In this way, IFC will provide credit enhancement for Allianz, a private sector insurance investor, to solve for the regulatory requirements that would otherwise have prevented them from participating in this asset class. In addition to investing in this Vehicle, IFC will broaden its Managed Co-Lending Portfolio Program (MCPP) contract with the Vehicle to provide cross-sectoral co-investments in senior loans alongside IFC under MCPP One Planet. Under MCPP, IFC creates loan portfolios for third-party investors based on pre-agreed eligibility criteria. All investments made by the Vehicle will be in IFC-originated senior loans on the same terms and conditions as with IFCs investment for its own account. All underlying loans will need to meet IFCs own internal standards, and IFC will be required to seek independent Board approval for each loan following its standard approval process; it is only upon IFCs commitment to its own account that a portion of the loans would then be allocated to the Vehicle. The Fund will invest only in IFC-originated projects in which IFC is already an investor through its A Loans. Therefore the IFC investment in this Fund does not receive an AIMM score. Each IFC-originated project under the fund will receive an individual AIMM rating. As such, the development impact of the proposed first loss investment will mirror the development impact achieved by IFC.
Circulate Capital Ocean Fund I-B Circulate Capital Ocean Fund I-B, L.P (CCOF I-B or the Fund) is a private equity fund targeting investments in waste management and circular solutions that combat plastic waste in Southeast Asia (SE Asia) and South Asia (S Asia). The fund size is US$50 million (with a hard cap of US$100 million). The Fund has a two-pronged strategy: (i) at least 70% of the Fund to be invested in growth capital in companies across the recycling and waste management value chain in S Asia and SE Asia, and (ii) up to a maximum of 30% of the Fund invested in early-stage companies looking at targeted innovation to combat plastic waste. (i) The Fund will provide access to equity capital for innovative companies tackling plastic waste challenges in South and SE Asia, and ii) value creation for the Fund's portfolio companies through hands-on operational support, as well as opportunities for partnerships with Circulate Capital's network of global corporate partners through its prior fund, Ocean Fund I.
GTLP UniCredit The proposed project falls under the Global Trade Liquidity Program (GTLP), an innovative and well received trade finance program launched by the International Finance Corporation (IFC) in 2009.  GTLP provides liquidity or guarantees to global or regional banks with large financial institution networks.  Through GTLP, banks are able to grow their credit limits, manage risk, and support trade in the emerging markets.   The proposed project involves establishing a funded risk sharing facility (the Facility) with UniCredit SpA (UniCredit or the Bank) for up to US$500 million to share the risk on a portfolio of emerging market issuing banks. The Facility is expected to have the following development impacts: - Increased access to finance: The project will increase access to finance for the Emerging Market importers and exporters.  Improved availability of credit is expected to benefit local enterprises (producers and importers, including SMEs) along the value chain and therefore support growth, sustain employment, and encourage the generation of higher incomes.    - Strong demonstration effect through partnership with a major international bank and by mobilizing other program participants to support trade finance, the Project will have a strong demonstration effect by encouraging greater local/regional bank participation in EM trade finance thereby increasing access to finance for local importers and exporters.
Global Index Reinsurance Facility The project is to establish a Global Index Reinsurance Facility (GIRIF or the company).  GIRIF would consist of:  - a commercial risk-taking company to underwrite indexable weather and other indexable natural catastrophe risks in developing countries; and  -a technical assistance/donor funding pool to develop the technical parameters of the business.  The commercial risk-taking company will structure, underwrite and intermediate these risks for the protection of private entities and government, local farmers and financial intermediaries. The company will reinsure weather/catastrophic events, which adversely impact on the development process in developing countries and, in particular, on low-income and rural communities/individuals at the micro level.  Index-based catastrophic insurance is a complex and sophisticated financial instrument, which is considered to be an efficient and effective means of intermediating catastrophic risks. The project is expected to have a high development impact.  It will create a new commercial reinsurance institution to seek and introduce novel risk mitigation instruments for developing countries, with potential impacts in disaster-prone environments and on rural/agricultural communities which are among the poorest segments of the population and most affected by extreme weather/catastrophic events.  The project helps to foster a market-intermediate product to provide partial loss coverage in the event of catastrophes or losses from natural events/disasters that have impacts on the lives of communities.  The project is expected to lower the entry barrier for international risk transfer by pooling smaller transactions and would thereby scale up risk transfer out of developing countries.
GTLP SCB Project The project is for IFC and funding partners (other development finance institutions, DFIs) to provide trade financing of up to $500 million to Standard Chartered Bank PLC (SCB) headquartered in London, U.K., as part of IFCs Global Trade Liquidity Program (GTLP).   GTLP is part of IFCs multi-faceted global financial crisis response. It is a funded trade finance program of up to $8 billion that will be mobilized and disbursed in phases to provide IFC with a flexible platform from which to support the extension of funded trade financing to under-served clients globally. The proposed total IFC investment would be up to $2 billion, which will be leveraged with resources from other DFIs as well as several international banks with an established footprint in emerging markets trade finance. The project is expected to have a significant development impact by increasing funding for trade of consumer goods, intermediate goods, smaller machinery and commodities demanded by emerging markets enterprises.
Sustainable Financial Markets Facility This project is to establish a facility to deliver a comprehensive and innovative sustainability program targeted at the financial sector, building on IFCs substantial expertise and current activity in this field.  The overall goals of SFMF will be:  (1) to significantly enhance the environmental and social development impact of IFCs funding via financial intermediaries (FIs), and support FIs competitiveness by improving their capacity to manage environmental risk and the continuously-evolving business and sustainability agenda;  and (2) to strategically support and influence the sustainable finance agenda in the broader financial community,  with the objective of  increasing the potential for environmentally and socially responsible investment in emerging markets.      SFMF will be structured around three outcome-led programs, delivered through a combination of sector-wide capacity building, institution-specific technical assistance, selected special projects, and horizontal support.   1.    Responsible Institutions Program:     Promotion and facilitation of commercially-driven environmental and social responsibility and responsiveness in the delivery of banking, leasing, insurance and other services to the private sector in emerging markets;    2.    Sustainable Inward Investment:     Catalytic activities to stimulate the profitable uptake of sustainable and socially responsible investment principles in the private equity/venture capital and asset management sectors;    3.    Strategic Market Development:     Interventions designed to give sustainability greater traction in the financial sector by addressing demand-side and supply-side market inefficiencies.     IFC''s role:    The industry increasingly recognizes that sustainable environmental and social practices can contribute significantly to business value.  However, the financial sector has lagged behind in its thinking and approach, particularly in developing countries.   SFMF will enable IFC to leverage its role as a catalytic and innovative financing institution to promote greater adoption of sustainable development principles and practices in the financial sector.     Developmental impact:     SFMF will strengthen the environmental and social capacity of financial intermediaries and the broader financial community, thereby helping them in their abilities to prevent and mitigate adverse environmental and social impacts, implement good practice, boost their reputation, attract environmentally and socially conscious investors, and be profitable.  SFMFs positive development impacts will include direct effects (human capital, economic impact, environmental impact), indirect effects (upstream and downstream, social development, knowledge transfer), and diffuse effects (demonstration effects, financial sector).
TCX Fund Project The proposed transaction consists of an IFC investment of USD 30 million in The Currency Exchange Fund N.V (TCX or the Fund) as straight equity, representing circa 5% of current shareholder capital. This investment will allow IFC to get access to TCX products as a client.

TCX is an innovative financial institution which provides long-term local currency (LCY) and interest rate derivatives in emerging countries without active swap markets. TCXs objective is to promote long-term LCY financing for those borrowers in developing countries that do not have hard currency income, thereby contributing to a reduction in currency mismatches in the local market. 

TCX commenced with operations in February 2008. TCXs swap portfolio is naturally long emerging market currencies and short USD, because, unlike commercial providers of hedging products, TCX does not operate on a matched book principle but instead relies on global portfolio diversification as the primary risk mitigation tool. TCX is structured to help its investors hedge exchange and interest rate risks associated with long-term investing in developing country currencies. These risks are transferred to TCX by means of medium to long-term swap agreements. TCX pools market risk from multiple investors with diversified geographical business. The resulting global diversification should lead to a risk reduction and economies of scale and scope. 

TCX is currently rated A- by Standard and Poors. TCX contributes to the development of the LCY markets by offering floating and fixed rate funding to counterparties for extended maturities and in situations where long benchmark rates are either illiquid or not available. This will facilitate future lending in LCY by fostering competition, price signals, extending the tenors and reducing the cost of LCY debt. 

The use of hedging reduces the currency/maturity mismatch of emerging market borrowers, strengthens their balance sheet and encourages a more efficient use of their capital.

TCX's focus on Sub Saharan Africa & microfinance aims to get a maximum effect where it is most needed. TCX is committed to achieve its focus in these two segments by establishing a lower minimum deal size and by charging less capital to transactions in these areas (Dutch government incentive).