devinitorg/iati-policy-markers huggingface dataset:
Aricom Project The project is the continued exploration, appraisal and development of Aricoms or the companys iron ore resource properties and associated infrastructure in the Russian Federation, including feasibility studies, detailed engineering, environmental and social impact assessments and other preparatory activities.  Progress in these respects could lead to substantial mine development focused on supplying strong growth of demand for steel making manufacturers in nearby China. The proposed IFC investment will contribute to continued exploration, feasibility studies and some infrastructure development for the companys main assets to allow for their future development which will require close to $1billion.  Consequently, it is not yet possible to fully quantify or specify the development impacts.  Potential development impacts at the mine production stage should include employment, federal, regional and local revenues, increased exports of iron ore.  Currently, ,for example, initial exploration and development work at Aricoms Kuranakh property employs 50 people from its nearest town Olekma, a town of 150 households.  Both the Amur Oblast and the Evreskaya Autonomous Oblast, considered by IFC as Frontier Regions, are remote, relatively poor and undeveloped parts of Russia, with high unemployment.  So far gold has been the main new mining development in Amur as a result of Peter Hambro Minings Pokrovskiy project.  Aricoms developments will allow Amur and EAO to sell their lower unit value ferrous resources into the Chinese market at a transport cost advantage and help diversify their dependence on precious metals and oil and gas revenues.
OOO Kronospan Particleboard OOO Kronospan PB would be a limited liability company incorporated in the Russian Federation.   The proposed investment program is to set up: - an up to 650,000 cubic meters per year particle board line, and  - melamine saturation and facing lines.
Borets Project Borets International Limited and its subsidiaries (BIL, Borets or the Group) are the leading Russian producers of electrical submersible pumps (ESPs).  ESPs are an important part of the oil production process and are installed in oil wells that do not have sufficient reservoir pressure and need supplemental energy in raising oil out of the reservoir to the surface.   The Group has 11 manufacturing locations, 7 in Russia, and one each in Slovakia, China, the U.S. and Canada.  It has over 8,600 employees worldwide, including 8,000 in Russia. 

BIL approached IFC, the European Bank for Reconstruction and Development (EBRD), Deutsche Investitions- und Entwicklungsgesellshaft (DEG) and various commercial lenders to finance its investment needs which include: (i) refinancing its outstanding long-term debt; (ii) funding working capital and capital expenditure requirements of the Groups south-south expansion (e.g. to Mexico, China, Indonesia, Nigeria, Angola and various other emerging countries); and (iii) modernization and working capital requirements of its operations in Russia (the Project). The expected development impacts from the transaction include:

Climate Change Mitigation:  The Project will help improve the Groups product offering through the planned roll out of more efficient submersible pumps, thereby contributing to significant energy savings and CO2 emission reductions.

Employment generation:  Borets is a major employer in the Russian regions.  In the last 18 months, Borets has transferred more than 2,000 jobs from Moscow to various regional manufacturing sites, with the objective of making these global centers of excellence in their respective product lines.  In many cases, the Groups factories and service centers are the largest employers in their respective cities or regions. The Group companies are operating in four of Russias frontier regions, where they employ about 1,600 people.

South-south investment:  The project will help Borets expand its manufacturing and services operations in other developing countries such as Mexico, China, Indonesia, Congo, Nigeria, Angola, Egypt, Ecuador, and Columbia

Support of small and medium businesses: Borets supports local businesses through the purchase of various contract services which total $33 million annually, of which close to 80% corresponds to transportation services that involve a large number of small businesses. 

Contribution to tax revenues: Borets annually pays about US$90 million in taxes to the government, of which about 75% is in the form of value-added taxes (VAT).
Metcombank I The Project Company is Metallurgical Commercial Bank, OJSC (Metcombank or the Bank), a small private bank located in the city of Cherepovetz. The Bank was founded in 1990. In 2008 the Bank adopted a new strategy aimed at building a top financial institution with diversified funding base and focus on retail and SME lending.

The proposed Project is a combination of (i) an equity investment in Metcombank; (ii) a senior loan; (iii) a trade finance line. By taking equity stake in the Bank IFC would help the Bank implement its revised strategy. The purpose of the senior loan is to support the Banks expansion of SME business, thus increasing access to finance for SMEs in the less developed regions of Russia. Trade finance line is aimed at enhancing the Banks trade finance business. The project is expected to have positive impact on private sector development through supporting the growth of a financial institution whose strategy is built on servicing clients in the less developed regions of Russia with a special focus on lending to retail and SME customers.
TCB Syndication TCB is a medium-sized bank ranked 54th in the Russian Federation by size of net assets and 38th by size of loan portfolio as of 1st January 2010. TCB was established in 1992 with its core focus on mid-sized corporates, SMEs, and trade finance. The Bank is one of top 10 private commercial banks in trade and structured finance in Russia, with volume of trade transactions of USD 300 mln in 2008.  TCBs current international rating by Moodys Investor Service is B1, with a stable outlook.    TCB is seeking to raise financing of a minimum of $120 million for general corporate purposes to be used to maintain and expand its general lending to corporate (including trade finance transactions and SME lending) and retail customers (the Project).    The EBRD A Loan and IFC A Loan will have equal amounts and have substantially similar terms.  EBRD and IFC will jointly syndicate the minimum of $60 million B Loans, which shall be funded through separate EBRD and IFC participation agreements with participating financial institutions on a pro-rata basis High, on account of: -	Strong signal to the market as this project marks the return of a 2nd tier private bank to the syndicated loan market -	Strengthen TCBs capital structure and its ability to support its existing and future SME and trade finance clients -	The project would have a strong demonstration effect as it would help international lenders restore back confidence in the Russian banking sector.
RWMN Project The project involves the provision of a guarantee of up to 50% of a $1.5 million equivalent Ruble denominated commercial bank loan to the Russian Women Microfinance Network (RWMN, or the Network) one of the Russias top microfinance institutions (NGO MFIs).  RWMN has a strong growing network in central European Russia.  The commercial bank loan would be used for expanding the network and for on-lending to RWMN regional partner funds (the Partners), during a period when RWMN is attempting to transform itself from being a non-profit fund into a regulated financial institution.
Chuvash Health The proposed investment would support the implementation of the Chuvash Republics 2009 capital expenditure program in the health care sector that includes investments in civil works, acquisition of new diagnostic and treatment equipment and information technology systems aimed at improving medical care services for cardiovascular diseases and trauma. Investments to be financed under the proposed project will help the Republic to implement its health care restructuring plan and achieve the following objectives: 

- improve the quality of life of the economically active population by reducing premature mortality, ill health and disability associated with the onset of preventable cardiovascular diseases; 
- promote local economic growth by reducing job losses and medical care costs associated with medical care and social safety net payments.
Republic of Mariy El The proposed Project involves IFC support to the Republic of Mariy El (the Republic) in financing its program of capital investment in roads (RUB 524 million / USD$ 9 million) and refinancing of the Republics bond due in May 2009 (RUB 500 million / USD$18 million). The road investments will primarily focus on roads forming part of the core network identified by the Republic: repair and rehabilitation of the road sections in bad condition, upgrade of roads needing increased capacity due to higher traffic, and selected improvement of black spots with excessive pedestrian accident rates to upgrade these sections of roads to a sustainable and safe standard. The Project will support the economic growth and private sector development in a frontier region in Russia linked to:     - lower road transportation costs and conservation of road network assets; - increased road safety and improved access to public transport;  - better cost effectiveness of the Republics road investments; and  - demonstration effect.
Chuvash Roads Modernization Project The Chuvash Republic is a regional government in the Russian Federation with the population of 1.3 million people. It is located 650 km east of Moscow on the Volga river. The Republics current economic and social priority is to improve the road network and expand road access, especially for rural communities. The purpose of the investment is to provide a local currency loan in the amount of RUR1.3 billion ($49 million) to help finance the first stage of the Republics capital investment program in road sector through Chuvashavtodor, state unitary enterprise owned by the Chuvash Republic.  The program involves construction and upgrading of about 550 km of rural roads and the rehabilitation of priority sections of the major road network that are presently in poor condition. Road contracts under the program will be competitively bid. The loan will be fully guaranteed by the Chuvash Republic. This project will be the second IFC sub-national finance investment in the Chuvash Republic. The project will provide reliable all-season access to over 350 rural communities and restore/conserve critical road network assets. This will promote economic growth and SME development particularly in the agriculture sector, improve access to employment opportunities and social services (education and health) and thereby help improve living conditions and reduce rural poverty. It will help reduce road transportation costs, improving the competitiveness of the Republics businesses.  The project will also promote greater competition in the road construction sector encouraging new private sector investment in the construction industry.  Accompanying technical assistance will help introduce improved investment prioritization and more efficient maintenance practices to the road sector, with positive fiscal and service delivery impacts.
Ramstore III Founded in 1997, Ramenka has established itself as one of Moscow''s largest retailers.  Operating under the name Ramstore, the company currently owns and operates three hypermarkets/mini-malls and six supermarkets. Together the hypermarkets and supermarkets have approximately   27,410 square meters of retail selling space, and 25,850 square meters of leasable retail space.    The purpose of the project is to bring Ramenka''s value proposition, which consists of affordable pricing, convenient location, pleasant shopping environment and wide assortment of goods, to a larger number of Moscow consumers.  In addition, the project will increase the amount of available retail space in Moscow, which has had the least amount of per capita retail space among all European capitals.    The implementation of the project will result in a significant developmental effect. This will include: considerable managerial expertise transfer in the areas of inventory management, marketing, and sales techniques; a switch to more efficient retail formats; a further strengthening of the local distributors, wholesalers and primary food processors (at present Ramenka is sourcing approximately 60% of its product from the local market, working closely with domestic suppliers to ensure a consistent supply of high quality products); an important demonstration effect for retailers in Moscow and Russia more generally; the creation of approximately 900 new jobs for Russian nationals and the doubling of many new jobs in up and down stream activities; and availability of lower-cost, high quality foodstuffs and other consumer goods.    IFCs role in the project will be to provide long-term debt financing in a difficult business environment, and to assist Ramenka in mobilizing a US$30 million B loan, one of very few such transaction to be undertaken in Russia since the 1998 crisis, and among the first syndicated loans in Russia under the guarantee of Turkish sponsors.
PM Russia Project Prof-Media (or the company) is Russias largest diversified entertainment media group with a portfolio of assets in TV and radio broadcasting, movie production and distribution, cinema, Internet, magazines and newspapers. The companys activities are consolidated in a sole purpose holding company, called PM Invest Company Limited incorporated in Cyprus.    To date, Prof-Medias has grown based on an M&A strategy. Capital expenditures and acquisitions have been financed by internal cash generation and contributions from the shareholders. As the company has been relatively under-leveraged, it is seeking third-party funding to help finance its growth and repay shareholder bridge loans. IFC is contemplating to participate in the senior debt financing by providing $50 million as an anchor investor alongside a $250 million credit linked notes (the CLN) arranged by Renaissance Capital. The CLN were successfully placed within a diverse group of both Russian and international investors. The project is expected to have the following important development impacts:  - support entertainment and new media in Russia;  - contribute to the continued growth of Russias advertising industry by providing an additional outlet for advertisers;  - continue to support the growth of small and medium-sized enterprises that are unable to advertise on larger broadcast stations;   - continue to develop the capabilities of local affiliates in many of Russias regions where development is slower;   - contribute with the development of  upstream Industries and local media content and   - increase Employment.
Russia EnEff The proposed project initiative will promote investments in energy efficient technologies in Russia. IFC will create an investment facility to provide credit lines for Russian financial institutions who will on-lend to energy efficiency and renewable energy projects. The credit lines will be supported by a partial risk guarantee, funded by the Global Environment Facility. The investment facility will operate in parallel with an extensive technical assistance program.

The immediate objective of the IFC/GEF investment project is to encourage private sector financing of energy efficiency projects in Russia in three pilot regions. The ultimate impact of the proposed investment/TA project will be the improved energy efficiency (EE) and profitability of Russian companies, leading to a reduction in greenhouse gas emissions. This will be accomplished by creating an awareness in Russian financial institutions that energy efficiency projects are 

-  financially viable and 
-  improve the risk profile of the client by reducing operating costs. 

The project will work with the participating financial institutions to deepen the Russian financial markets, making longer term capital available for investment by Small and Medium Enterprises (SMEs).

The Technical Assistance Project will be structured around five inter-related objectives, which are to:

-  Establish and monitor the operation of the investment facility;
-  Support development of EE investment projects by participating FIs and their clients;
-  Improve market awareness and understanding of energy efficiency;
-  Strengthen capacity of emerging local energy service companies (ESCOs); and,
-  Provide policy and legal support to EE investment projects given the evolving legislative landscape.
Lamoda Russia The project described under this summary of investment information document is related to project 33609 which was publically disclosed on June 17 2013 under its former name Rocket Internet. The previous summary of investment information for Rocket Internet described IFCs proposed investment into two companies: Dafiti Latam GmbH & Co. Beteiligungs KG (Dafiti) operating in Latin America and Lamoda GmbH (Lamoda) operating in Russia and Kazakhstan. The following summary relates to IFCs potential investment in Lamoda only. The proposed investment in Dafiti is now covered in an update to the summary for project 33609.  Bigfoot GmbH (BF) has launched, through subsidiaries, online retailing ventures in South America, the Commonwealth of Independent States and Asia (India). BF was initiated by Rocket Internet GmbH (RI), a global online venture builder.  BF has identified IFC as a potential strategic partner in its endeavor to significantly expand its e-commerce footprint in emerging markets and has invited IFC to provide equity capital to support the growth of Lamoda, its subsidiary operating in Russia and Kazakhstan, as well as possibly expanding into other former CIS countries (the Project). The Project''s expected development impacts include: (i) job creation in the areas of logistics, warehousing as well as IT services and marketing and indirectly through supply chains and other supporting services; (ii) transfer of technology by replicating proven internet business concepts in emerging markets with the goal of turning its ventures into local/regional market leading companies in the online retail space; and (iii) benefit to consumers in frontier regions and secondary cities through more choices, lower priced goods and convenient service with home delivery.
TV3 Russia III TV3 Russia (TV3 or the company) is a free-to-air television broadcasting group in Russia, and an existing client of IFC.  TV3 focuses on broadcasting entertainment-related content to a potential audience of 54 million viewers (37% of the Russian population) through a group of 57 terrestrial affiliate stations, 20 of which are 100% subsidiaries of the company.  The companys activities are consolidated in a sole purpose holding company, called Independent Network Television Holding Limited (INTH), incorporated in Cyprus.  TV3 has implemented a growth strategy over the last few years involving both organic growth and the acquisition of select television stations as the company has expanded its broadcasting network across Russia.  To continue its growth path and take advantage of the expected high growth rates of the advertising market in Russia, the company intends to raise new debt of about $40 million to:     -  refinance its existing long-term debt;    -  further improve programming; and    -  further fund the Groups acquisition program.
UVTB Project The project is to provide a $15 million financing package to Uralvneshtorgbank (UVTB or the bank), a medium-sized regional bank based in Yekaterinburg, Russia. UVTB specializes in lending to Small and Medium Enterprises (SMEs) and individuals.  The proposed IFC financing would support UVTBs strategy and assist in its expansion.  The bank is one of the market leaders in Yekaterinburg (a large industrial city in the Urals), the greater Yekaterinburg area and neighboring regions, which it considers its home market.
MDM Bank Project This SPI is an update of the SPI dated February 9, 2007.  The project is a financing package comprising a senior loan of up to $100 million, for supporting MDM Bank (MDM or the Bank) expansion of term lending to SMEs, particularly in the regions outside Moscow as well as to support the Banks growing mortgage portfolio, and an equity investment of about $184 million, increased from the equity investment of about $100 million envisaged in the previous SPI issued in February 2007.  The equity investment is being processed under investment number 25982 for which board approval is expected to be sought in June 2007.  The loan of $100 million was committed on May 16, 2007.  IFC is also considering a trade line to the Bank of up to $35 million under the Global Trade Finance Program.    MDM is one of Russias leading private universal banks ranked amongst the top 11 in the country by asset size. MDM operates 122 outlets across Russia along with a network of 14 retail offices in Moscow.  MDM Bank Group also includes securities trading and asset management companies, a leasing company and Latvian Trade Bank in Riga. The project will:   - expand availability of residential mortgages, especially in the regions outside Moscow, - make available much needed term funding to SMEs, particularly in the regions, and  - facilitate the emergence of a strong and well-governed bank as a model for the Russian banking industry.
Severstaltrans The project companies, Severstaltrans, Balttransservice, and Sevtechnotrans, belong to the Severstaltrans Group, one of the largest private transportation groups in Russia.  The project involves corporate loans in total amount of $40 million to the project companies to help them expand their fleet of tank cars and acquire new locomotives.
Kronostar III Krono Holding (the sponsor) through its Russian subsidiary, Kronostar, has implemented one of the largest downstream investments in the Russian forest sector of the past couple of decades.  This Euro 350 million composite panel facility was implemented in phases starting in 2003.  Earlier phases of the project were funded in part by IFC.  The project currently under consideration involves:  - the financing of a project cost overrun, caused in part by an expanded environmental protection scope (over and above the original requirements) of project phases I and II, and   - the financing of production capacity expansion.    Total project cost is estimated at Euro 120 million of which Euro 100 million represents overruns and expanded scope of the project which has already been financed with a combination of equity, subordinated loans from the sponsor and short term debt from Russian banks.  A resin plant may be constructed at some time in the future, though that is not included within the cost of the currently considered project. The project is an internationally competitive panel board manufacturer based on sustainably managed forests.  It transforms low-cost wood waste into high-quality MDF, particleboard and value-added products such as melamine-faced chipboard (MFC).  Kronostars location in the middle of abundant forest resources allows it to use wood waste from local saw mills, plywood mills and harvesting waste in the forests.  It combines these with low-cost energy, glue, and labor to be one of the worlds most competitive composite wood panel producers.  In addition composite wood panels of comparable quality to that produced by the project is currently imported, thus giving the company 60 percent lower transport costs than its foreign competitors.