devinitorg/iati-policy-markers huggingface dataset:
Leading the Charge to Eradicate Rural Poverty Our prior project with the Dutch Government, “Subsistence to Self-Reliance – Bringing the Power of Markets to Africa’s Lowest-Income Farmers” underscored our shared passion for inclusive economic development and showcased the key milestones that we can accomplish together. Core operating support from DGIS facilitated the strategic expansion of One Acre Fund’s ‘impact ecosystem.’ Within two years, we doubled the scale of our farmer network, launched operations in two new country programs (Malawi and Uganda), and rolled out impactful new products like tree planting kits and clean cookstoves at country-wide scale. Simultaneously, we refined our innovative systems-change platform, leveraging our core organizational competencies to improve large-scale public and private actors’ service to smallholders. This success has now placed One Acre Fund in a position where we can realistically envision moving the needle on hunger and poverty across the entire African continent. Our current project with DGIS, “Leading the Charge to Eradicate Rural Poverty,” aims to capture this powerful opportunity. The project involves a smartly structured two-part investment spanning September 15, 2018 – December 31, 2022: First, DGIS is once again providing critical support to the varied, evolving platforms within our organization that lay the foundation for our growth and impact. Core operating support from DGIS will enhance and extend One Acre Fund’s proven model by funding key strategic priorities across our M&E, R&D, and new country expansion units. Secondly, DGIS is also providing working capital to revolutionize One Acre Fund’s growth trajectory. This injection to our ‘permanent fund’ will completely fund our projected expansion of 245,000+ new farm families in 2019, bringing us past the 1 millionth farmer milestone. Crucially, farmers’ loan repayments will replenish our permanent fund each year, allowing us to re-extend this contribution to provide input loans to an estimated 245,000 farm families (including over 980,000 children) annually. This project will anchor One Acre Fund’s expansion to directly serve 1.85 million farm families annually by year-end 2022. Simultaneously, it will help us reach an additional 3.5 million farmers via systems-change partnerships that are expressly designed to transform entire agricultural ecosystems. Together, the reach of these efforts will generate transformative change for rural communities across rural Africa. With over seven million farm families in Tanzania, many underserved rural communities could benefit from the One Acre Fund program. We operate a traditional core program in Tanzania, providing input loans with training. We also operate an expanded agroforestry program, which aims to support farmer resilience through the creation of long-term assets. Lastly, we are making it easier for farmers to access our products and training with retail shops that complement our core program, offering inputs and services on credit.
Termo Rubiales The project consists of the construction of a crude-oil fired thermal plant with gross capacity greater than 57 MW (Termo Rubiales or the Project), to supply energy to the Rubiales oil field (Rubiales) located in Los Llanos Orientales in Eastern Colombia. IFC is investing in Termo Rubiales to support the development of Meta Petroleum, a promising player of the oil industry in Colombia that has embarked in an ambitious plan to increase the production of the Rubiales field. The investment in Termo Rubiales would be directly supportive of Government policies to increase local production and private investment in the oil sector.
Davivienda TII The project consists of a potential subordinated loan of up to US$172.5 million to Banco Davivienda S.A. in Colombia (Davivienda) with the purpose of strengthening its capital structure, to be subscribed in part or in whole by IFC and the IFC Capitalization (Subordinated Debt) Fund. - The Project would support a systemic bank in Colombia and Central America in order to meet the growing financial needs of the local economies. Supporting a bank with regional operations such as Davivienda is especially important as it is expected to diminish the volatility present in developing financial markets, creating therefore a positive demonstration effect.  - The Project would enhance Davivienda''s ability to support small and medium enterprises in Colombia, which will in turn stimulate growth, employment generation and poverty reduction in the country. - Creating a demonstration effect for other financial institutions in Colombia by bringing best practices in environmental and social management systems
DCM BBVA Col Biodiversity The proposed project consists of a biodiversity bond to be issued by Banco Bilbao Vizcaya Argentaria Colombia S.A. (BBVA Colombia or the Bank) and subscribed by IFC. The proceeds of the bond will be used to finance businesses and projects that prevent losses in biodiversity and/or protect nature comprising activities related to productive land uses for climate-smart agriculture, sustainable freshwater/marine production, waste and plastic management, eco-tourism, forestry and plantations, land use conservation and marine habitat conservation. IFC anticipates that the project will increase access to finance available for climate-related projects in Colombia, through the funding of businesses and projects that conserve biodiversity and provide nature-based solutions. Additionally, the project, as part of a series of climate-finance related investments by IFC in Colombia, will support greater sustainability by promoting and reinforcing international best practices in climate finance, including those on the financing of biodiversity projects. IFCs investments is expected to provide diversification and support market creation through the demonstration and replication channel.
Corporacion Financiera Nacional y Suramericana Summary Of Project Information (SPI)       Project Name    Colombia -  Corporación Financiera Nacional y Suramericana, S.A. (Corfinsura)        Subordinated Mandatory Convertible Loan / Bond and Liquidity Backstop Facility.        Region    Latin America and Caribbean      Sector   Project No009424   Projected Board DateMarch 2, 1999   Company NameCorporación Financiera Nacional y Suramericana, S.A.   Technical Partner and/or Major Shareholders    	Corfinsura is the largest Development Finance Corporation(DFC) in Colombia, and has been an IFC client since 1996. Corfinsura belongs to the Sindicato Antioqueño, one of Colombias leading business groups. At June 30 1998, Corfinsuras major shareholders with more than a 5.0% stake each were: Compañía Suramericana de Seguros de Vida S.A., Cemento Argos S.A., Nacional de Chocolates S.A., Banco Industrial Colombiano S.A., and Valkiria Inversiones S.A.    Project Cost Including proposed IFC investment    	The project consists of a total funding package of up to US$ 50.0 million with two components:(a) up to US$25 million in equity or a Subordinated Mandatory Convertible Loan/Bond structured to qualify as Tier I capital, and (b) an up to US$25 million, ten-year Liquidity Backstop Facility.    Location of project and Description of site    	Republic of Colombia.      Description of Company and Purpose of Project    	Corfinsura had total assets of US$1.4 billion, net loans of US$928 million and shareholders equity of US$270.3 million at September 30, 1998. Its major business lines include corporate lending, its portfolio of equity investments, and its trading activities. Over time, it has developed investment and merchant banking capabilities, including underwritings, syndications, venture capital, project finance and M&A.     The project''s objective is to strengthen the capital and asset /liability structure of the Company. IFC also plans to assist the Company in developing its strategy and positioning in an increasingly competitive local and regional financial marketplace.   	   Environmental Category and Issues    	This is a Financial Intermediary (FI) Tier 1 project according to IFC''s environmental review procedure.  Corfinsura will be required to apply environmental review procedures to relevant operations and to ensure that subprojects comply with Colombian environmental, health and safety legislation and standards. IFC will assess Corfinsuras capability to carry out environmental reviews.     Date SPI sent to InfoShop     January 14, 1999      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384
Contactar Loan The proposed investment in Corporación de Crédito Contactar (Contactar or the Company) consists of: (i) an up to five-year senior loan of up to US$15  million to be provided in the Colombian peso equivalent for IFCs own account, and (ii) up to five-years parallel loans of up to US$25 million to be provided in the Colombian peso equivalent, to be mobilized by IFC on a best-efforst basis.   The purpose of the proposed investment is to support the Companys lending program to microenterprises in Colombia with a focus on rural areas and frontier regions (the Project). Under the Project, IFC would be supporting a midsize non-deposit-taking microfinance institution (MFI) to reach underserved microenterprises. The most significant, expected Project-level outcome is increased access to finance for microentrepreneurs from Colombias underserved segments including rural, low-income, and agribusinesses. Beyond the Project-level outcomes, IFC anticipates the Project has the potential to promote greater market competitiveness through the demonstration and replication channel.
BANCOSEF Project The proposed project involves supporting Bancolombia in providing financing for energy efficiency projects through a risk sharing facility. IFC's involvement in this project would allow the Bank to make financing available to businesses committed to higher environmental standards that need longer term funding for their sustainability-related activities. It is also expected that the project will lead to the adoption of higher environmental standards across the banking sector.
Finandina Loan 2 The proposed investment consists of a senior loan to Banco Finandina S.A. (Finandina, or the Bank), to support Finandinas lending operations to small and medium size enterprises (SMEs) in Colombia and or to expand the Banks loan origination through digital channels. IFC's long-term financing is expected to improve access to finance for SME's, particularly those in the transport sector which is critical for Colombia. The project will also support Finandina's growth, improving the access to finance for SMEs thereby enhancing economic activity leading to job creation and economic dynamism.

Beyond the project-level impact, IFC anticipates that the project will create a demonstration effect for other financial institutions in Colombia in terms of the development of the digital channel.
Interbolsa Project Interbolsa S.A. (Interbolsa or the company) is the largest securities broker in Colombia, with approximately $396   million of assets and $58 million of equity as of December 2005. Originally dedicated to securities trading in Medellín, Interbolsa is currently the second largest proprietary trader in the Colombian market and has slowly diversified into asset management, retail brokerage and investment banking. Having consistently delivered strong financial results, Interbolsa has currently a local long-term credit rating of AA with a positive outlook by Bankwatch Ratings Colombia, BRC.

Interbolsa is seeking to issue the first local currency medium term bond by a securities broker in the Colombian market to strengthen its liquidity, diversify funding sources, and reduce market risk. The project consists of a partial credit guarantee, PCG of up to $30 million that would enhance the rating of the bond up to two notches from local rating agencies. The project will also help Interbolsa continue to strengthen it liquidity and strengthen its proprietary trading business as well as consolidate retail brokerage activities in Colombia.
FCP 4G Credicorp Capital and Sura Asset Management The proposed project consists of an IFC investment, not to exceed 20% of total capital commitments in the first closing of Fondo de Inversion FCP 4G Credicorp Capital / Sura Asset Management, (the Fund). The Fund is an infrastructure-focused collective debt vehicle, focused on providing senior debt financing to toll-road projects in Colombia. The project is expected to deliver strong developmental impact by helping address the long-term financing gap for Infrastructure. The project supports capacity building in the asset management industry for infrastructure investments and is expected to increase the access to financing alternatives for the infrastructure sector in Colombia. The proposed investment will be key in completing the 4G program and supporting primary drivers of job creation and economic growth in Colombia. In addition, the project is expected to support a more balanced regional economic growth and job opportunities throughout the Country.
Carvajal S.A. Jointly, Carvajal S.A. and Carvajal Internacional S.A. (or the company), the Colombian and international holding companies of a leading privately-owned Colombian conglomerate founded in 1904, whose core business lines include:  -  paper manufacturing and conversion;  -  school and office supplies;  -  phone directories (yellow pages);  -  plastic packaging; and  -  book and textbook editing and publishing (the Project Core Businesses).   The companys expansion, rationalization and modernization plans in the 2003-2007 period, to help its Project Core Businesses to grow (organically and through acquisitions), to become leaders in their sectors, and to achieve international competitiveness.  In particular, the project includes the following components:   -  Paper Manufacturing/Conversion:  Modernizing  and rationalizing its existing plants;   -  School/Office Supplies:  Modernizing its facility in Brazil, and expanding its operations, mainly in Mexico and Brazil;   -  Yellow Pages:  Rationalizing and growing its operations in Brazil;   -  Book and Text Book Publishing/Editing:  Growing its operations in Mexico and Spain; and   -  Plastic Packaging:  Modernizing its Colombian facilities, and expanding its operations there and in Mexico.    In addition, the project will also contemplate environmental and social and health and safety improvements at some of the companys facilities in and outside Colombia.
Finandina Project The project involves supporting Finandina S.A. (the company or Finandina), a locally established, mid-sized, specialized finance company, in offering car financing to clients spread across Colombia.  The companys core clientele are consumers, micro entrepreneurs and transport vehicle owners who use the credit offered by Finandina to undertake investment projects needed to improve the freight distribution capacity within Colombia.   Colombias banking penetration of 23% as of December 2006 is still low in relation to international standards and accordingly there is an unmet demand for credit from local SMEs active in the transport arena. Finandina plays an important role in reducing this gap as its financing solutions are tailored to suit the needs of this underserved segment. Broad access to finance across income segments and productive sectors is key in promoting the development of any emerging economy. The transport sector is vital to support the export oriented growth being witnessed in Colombia these days. IFC by teaming up with Finandina will fill that gap by financing MSMEs active in this line of business.
Nubank Colombia The proposed project consists of a financing package of up to US$265.1 million to Nu Colombia S.A. (the Borrower), the subsidiary of Nu Holdings Limited (the Guarantor). It will comprise (i) a three-year senior unsecured A loan of up to US$62.5 million linked to Colombian Pesos for IFCs own account and (ii) a three-year senior unsecured B loan of up to US$202.6 million swapped to Colombian Pesos. The proceeds of the investment will help Nu Colombia to expand its business and therefore credit card access to unbanked and underbanked individual populations in Colombia. Project-level Outcomes: Stakeholder Effects: IFC anticipates this project will increase access to digital payment services for individuals, including consumers in Colombia who previously had no access to credit.

Market-level Outcomes: Competitiveness: IFC anticipates that the Project will help enhance the competitiveness of the Colombian financial sector through demonstration and replication effects. IFC aims to achieve this by promoting the use of disruptive solutions to increase access to financial services for individuals, including previously noncredit consumers.
Triada LIH Project The Project consists on the development of approx. 5-10 Low Income Housing (LIH) projects in Colombia. Triada S.A.S (Triada or the Company) will be responsible for developing all housing projects under this investment. (i) Address housing deficit: Colombia''s current deficit stands at 1.3 mm units that grows at 140,000 units per year.  The Project will contribute to address the increasing deficit by supporting the development of 5 to 10 projects in a five period; (ii) Address shortage in housing supply: Colombian homebuilders face constraints in obtaining medium- to long-term financing, especially equity to finance land acquisition. This issue constraints the ability for homebuilders to develop larger projects and is one of the main reasons why the number of housing units built every year is not enough to address the increasing deficit.  The Project will help Triada to develop larger scale projects; (iii) Alignment with Government''s priority:  Housing is one of the strategic pillars of the government.  President Santos is setting up the framework and designing the incentives to increase the stock of new units by 250,000 per year.  The Project will be aligned with the government''s strategic priorities for the period 2012-2014 and will benefit of the incentives that the government will make available to foster housing supply.
TM2 Project The proposed investment entails an A-Loan of up to US$135 million -Loan in COP-linked equivalent for the financing of the Barrancabermeja San Roque concession (TM2 or the Project). The Project is a brownfield toll road awarded in 2022 by the Colombias National Infrastructure Agency (ANI) through a competitive bidding process. The concession scope includes design, construction, rehabilitation, expansion, and O&M activities for up to 25 years. TM2 has a length of 272km. Construction activities include 192km of second lanes and urban exchanges and the rehabilitation of 80km. TM2 will address quality deficits and improve the level of service in a key road corridor in Colombia, resulting in travel time savings and improved safety. Furthermore, the Project will also help in increasing integration by enabling the completion of a corridor that improves connectivity between Colombia's central and northern regions, providing a more efficient route to connect with the major gateway ports in Barranquilla and Cartagena. The Project is also expected to have a positive impact in terms of direct and indirect job creation
Suramericana de Inversiones Group The project consists of a corporate investment package that is designed to support various organizational and financial measures that are being undertaken by the Suramericana Group.    SIGhas an impressive track record of investment and growth.  During the 1990s, the group established companies that moved to leadership positions in various sectors, including insurance, pension fund management, health care, banking and various retail and service sectors.  Due to the peculiarities of the Colombian market, most investments were funded from within the group (by the holding companies together with other group companies that had excess cash balances).  While this approach has served SIG well over time it has created a complex web of cross-shareholdings among group companies, thereby making them less transparent to external investors.    As part of the project, IFC will (i) assist SIG in the elimination of some of these cross-shareholdings; (ii) advise it on measures to improve corporate governance and transparency; and (iii) help it to significantly reduce the debt that has accumulated at the holding companies level as a result of the current structure.     The attractiveness of this Project for IFC stems not only from the direct benefits which would accrue to some of Colombias key companies (which are part of the Suramericana Group) but also from the benchmarks it will set for other Colombian companies in areas such as corporate governance and transparency that are key to the efficient functioning of domestic capital markets.
Alqueria Project Productos Naturales de la Sabana S.A. Alqueria (Alqueria or the Company) is the third-largest dairy company in Colombia. The Company processes milk and its sub-products into a wide range of dairy products such as UHT milk, flavored liquid milk, cream and yoghurt  through a JV with Danone -- as well as fruit beverages from concentrate.   The proposed IFC investment (the Investment) is an amortizing A-Loan of up to $15 million and preferred shares of up to $5.0 million in favor of Alqueria. The Investment will help the Company implement its 2010 - 2012 investment program, involving: (i) expanding production capacity across plants; (ii) incurring capex aimed at gaining efficiencies and cost reduction; and (iii) increasing/generating incremental working capital. IFC will be supporting the continued growth of one of Colombias leading agribusiness companies in terms of employment and linkages through the value chain. It will improve Alquerias competitiveness in the production and commercialization of dairy products, helping the Company increase its reach in the interior of Colombia.   There are specific developmental impacts associated with the investment program, which are summarized below:  Employment: Alquerias improved performance will safeguard employment opportunities in rural areas throughout the country.  Farmers linkages: The Company sources its milk from direct and indirect farmers throughout the country (23% are located in Colombias frontier regions). As a consequence of the Investment Program, Alqueria will further develop milk production and therefore enhance and stabilize farmers incomes and increase hired employment on dairy farms.