devinitorg/iati-policy-markers huggingface dataset:
Metito II Project Metito is a company specialized in the design, engineering, procurement, contracting, and operations and maintenance solutions for industrial and municipal customers in the rapidly growing water and wastewater treatment industry, particularly well planted in the Middle East and North Africa (MENA) region.  Since 1999, Metito has also expanded into the concessions business segment through Metito Utilities Limited (MUL), with a focus on small-to-medium size industrial water and wastewater concessions, serving the tourism industry and mixed-use real estate developments (investment, residential and industrial parks) in the MENA region, and the ports services sector in Indonesia.  In 2008, MUL formed two partnerships with Berlinwasser International (Germany) to i) enter the Chinese market; and ii) develop large size water projects for public sector clients in the MENA region. The Project will enable MUL to strengthen its capital structure so as to fund the development of these two partnerships adequately. Metito's activities in the MENA region and China help to extend water and wastewater treatment services to key income and employment generating sectors in the region's economy, such as the tourism sector in Egypt, the ports sector in Indonesia and the rapidly growing Chinese market. Metito's focus in the MENA region and China is targeting some of the most water-deprived areas in the world with low-cost water and wastewater treatment solutions to help support economic growth. Metito is also demonstrating the ability of the private sector to operate successfully in the water and sanitation sector in the MENA region and China, which is crucial to sustainable development, and increasing competition in the sector so that other investors might be induced to follow suit.
TWG1 Project City Group Company K.S.C. (CGC), a Kuwait-based listed joint stock company with core operations in urban bus transportation, has recently embarked on a regional expansion program. As one of the most successful listed public transportation companies in the MENA region, CGC is in a good position to acquire potentially viable public transportation businesses in the region, recapitalize them and improve their operations to restore profitability. Their move is well timed as traffic congestion in the regions capital cities has reached critical levels.  In December 2009, CGC agreed to invest JOD15 million (US$21.3 million) into the Comprehensive Multiple Transportation Company (CMTC), a listed, Jordan-based bus public transportation operator through a capital increase, making it the 1st foreign investor in the Jordanian bus public transportation sector. CMTC was established in 2005 and is the largest public transportation company in the greater Amman area, operating more than 75% of the citys bus routes. The capital increase will be used towards financing a comprehensive capital expenditure program of approximately US$40 million to fund, among other investments, the construction of a new, state-of-the-art central operations hub with modern maintenance facilities and a major fleet renewal and expansion plan.    City Group is also pursuing other investment opportunities in the region and is considering an investment in a public transportation company in another Levant market that would enable such a company to improve and expand its operations. CGCs investment capacity and operating know-how is expected to greatly benefit the investee companies.   In the specific case of Jordan, CMTCs fleet renewal and expansion project, funded largely by CGC, is expected to improve Ammans underdeveloped public transportation system. It is also expected to help reduce traffic congestion and user travel time as CMTCs increased presence will not only offer a comfortable alternative to individual or shared car use but also displace, replace and restrict the operations of minibuses.  Investments in the public transportation system such as the contemplated investments in Jordan and Lebanon in combination with a transfer of know-how is also expected to lead to higher bus frequencies, a better reliability and the use of more modern buses.   The project is also expected to positively affect the direct users of the public transportation system as well as the non-users due to the resulting easing of road congestion. Municipalities are also expected to benefit from lower roadway investment costs. The enhanced service levels are also expected to have a strong impact on the urban poor who traditionally live far away from their place of employment and rely on public transportation.
GC Credit Project The project consists of a US$20 million equity investment, not to exceed 20% of total commitments, in GC Credit Opportunities Fund, L.P (the Fund). The Fund, sponsored by Gulf Capital Pvt. JSC (Gulf Capital), has a target size of US$300 million and focuses on a diversified portfolio of debt instruments including, but not limited to, mezzanine instruments, preferred equity securities, high yield debt securities, convertible and other similar income producing securities and obligations (or options, warrants or equity interests relating thereto) in the Middle East and North Africa (MENA) region (collectively, the Target Region) with a majority of the Investments expected to be made, directly or indirectly, in companies in the Levant, Turkey and Egypt, as well as in the Gulf Cooperation Council countries of Bahrain, Kuwait, Oman, Qatar, the Kingdom of Saudi Arabia and the United Arab Emirates.  The Fund may invest up to 20% of total commitments in companies that are headquartered, operate principally, or founded outside the Target Region, but which have operations and/or interests in the Target Region. -     Fund focuses on growth midcaps and SMEs, which lack access to financing especially the growth capital type. Only 20% of MENA SMEs have access to credit, lowest in the World;  -     Establishment of credit and mezzanine funds in the region introduces additional and complementary sources of financing to the financial markets which are currently dominated by state-owned banks;  -     Focus on midcap and SMEs fosters job creation in a region where youth unemployment rate is at 24%; higher than any other region;  -     Proactive role played by the Fund is a part of its strategy in helping the companies execute  growth strategies through balance sheet optimization, board seat positions and implementing operational improvements; all of  which would lead to improved governance and private sector development.
Ahli United Bank The project consists of:  - a tier 2 eligible convertible subordinated term loan to Ahli United Bank (AUB or the Bank), the third largest commercial bank in Bahrain; and  - an equity investment in Delta International Bank of Egypt (DIB) which has recently been acquired by AUB and a consortium of GCC institutional investors.   The proposed project is designed to support the Bank''s tier 2 capital base and expansion of its operations through acquisitions of local commercial banks and financial institutions, primarily focusing on developing Middle Eastern countries. The project supports south-south investments from the more developed and resource surplus countries in the GCC region to the developing middle eastern economies. More specifically, it will support AUBs expansion in Egypt and in new markets in developing countries of the Middle East, where it proposes to acquire and restructure local banks and financial institutions and to develop their operations on a sustainable basis in line with modern banking practices.   AUBs expansion and investments in banks in  developing middle eastern countries will help to recapitalized the acquired local banks such as DIB, develop their operations on a sound footing, and  help to introduce better operational practices and polices. AUBs investment in DIB is expected to facilitate and promote the significant trade, investment, remittances and tourism flows between Egypt and the Middle Eastern countries where AUB and its affiliates operate.  AUB is also expected to train staff of DIB and other banks to be acquired and develop appropriate skills which are expected to enable the acquired local banks and DIB to increase lending, reduce non-performing assets and achieve greater operational efficiency.    The project is also expected to catalyze an increased flow of funds from markets in the GCC to Egypt and other developing countries in MENA region where AUB plans to expand and would establish institutional linkages between them.
MENA Fund Project As part of IFCs response to the ongoing challenges in the Middle East and North Africa (MENA) region, IFC is proposing to invest in an, to be established, investment vehicle that will mobilize additional capital for co-investment alongside IFC in the MENA region. The objective of the investment vehicle is to provide the long term risk capital needed to alleviate constraints to economic growth, help restore investor confidence and promote job creation throughout the MENA region. The project is expected to deliver strong development impact by: (i) mobilizing the additional capital needed to help fill the emerging investment gap caused by the retrenchment of the private sector; (ii) enabling IFC to invest in more projects by leveraging IFC''s economic capital; (iii) promoting the robust, inclusive economic growth needed to improve the lives of people in the MENA region; and (iv) raising awareness and restoring investors'' confidence.
Metito III Project Metito Holdings Limited (the Company or Metito), an existing IFC client, is the largest Middle Eastern-based privately-owned water group with operations in developing markets. The Company has asked IFC to assist it in arranging up to a US$120 million debt facility to finance the Companys future projects (including expansions of existing facilities) and consolidate existing medium term facilities (the Project) from its subsidiaries into a single longer term corporate loan. The Company is well situated in the water deficient Middle East and North Africa (MENA) region and in China, where it is further expanding its presence. The Project would provide the Company with a longer term, consolidated financing package better adapted to its growth plans. 1) Support for a Regional Player in the Water Sector by putting in place a more suitable capital structure to support its growth plans. 2) Increase in Access to Services by helping Metito to pursue new projects and expand capacity at existing plants, and thus to widen service access significantly.  3) Promotion of Water Reuse in Africa and Asia.  4) Enhancement of Competition and demonstration of the benefits of private sector participation by investing in private sector water projects in MENA and China, which are areas that have relatively few private sector players. 5) Development of Emerging Markets by supporting the Company to further grow its presence in MENA, Asia and Sub-Saharan Africa and, to contribute to balanced rural and urban development in developing countries with increased investment.
Renaissance MCB Renaissance Services SAOG (Renaissance or the Company) is a multinational Oman based entity listed on the Muscat Securities Market with operations in 16 countries across the emerging markets. Renaissances core operations are focused on providing services to energy leaders in the oil & gas industry primarily in MENA and the Caspian region. It is organized in to three distinct businesses: (i) the marine business operates Offshore Support Vessels to support clients in the offshore oil & gas industry; (ii) the engineering business provides services to the oil & gas and marine industry; and (iii) the Contract Services Group provides accommodation facilities for oil & gas contractors. IFCs investment in the Company will be allocated to the capital expenditure requirements of its marine business. The project would: (i) support the continued development of a key private sector player as it expands into more challenging emerging markets; (ii) contribute to the development of the transportation and logistics sectors in these markets, facilitating economic growth; and (iii) help the Company displace older vessels, assisting it with complying with new requirements for low sulfur emissions and thereby minimizing harmful greenhouse gas emissions.
GC Credit  II The project consists of a US$25 million equity investment, not to exceed 20% of total commitments, in GC Credit Opportunities Fund II, L.P (the Fund). The Fund succeeds Gulf Capital Credit Opportunities Fund I, L.P. (Fund I) where IFC invested US$20 million in 2013 (project #32640). The Fund, sponsored by Gulf Capital Pvt. JSC (Gulf Capital), has a target size of US$250 million. First close has been achieved in Dec 2015.   The Fund focuses on a diversified portfolio of debt instruments including, but not limited to, mezzanine instruments, preferred equity securities, high yield debt securities, convertible and other similar income producing securities and obligations in the Middle East and North Africa (MENA) region with a majority of the Investments expected to be made, directly or indirectly, in companies in the Levant, Turkey and Egypt, as well as in the Gulf Cooperation Council countries of Bahrain, Kuwait, Oman, Qatar, the Kingdom of Saudi Arabia and the United Arab Emirates.  The Fund may also invest up to 30% of total commitments in companies that are headquartered, operate principally, or founded in Sub-Saharan Africa. -     The Fund focuses on growth midcaps and SMEs, which lack access to financing especially growth capital. Only 20% of MENA SMEs have access to credit, one of the lowest in the World;  -     Credit and mezzanine funds in the region will provide additional and complementary sources of financing to the financial markets which are currently dominated by traditional commercial banks;  -     Focus on midcap and SMEs fosters job creation in a region where youth unemployment rate is at 24%; higher than any other region;
ACWA Equity International Company for Water and Power Projects (the company) is a leading Middle East & North Africa (MENA)-based developer, investor, co-owner and operator of independent water desalination and power generation projects.  From its main operations in Saudi Arabia, the company has in recent years expanded its business into other MENA countries (Oman, Jordan and Morocco) and further afield to Bulgaria, Turkey and the southern region of Africa (Mozambique and South Africa).   The current portfolio of assets and investments delivers over 6,050 MW of power and around 2.3 million m³/day of desalinated water in Saudi Arabia; over 1,500 MW of power in Jordan; 427 MW of power and 91,000 m³/day of desalinated water in Oman and 60MWp using photovoltaic technology in its solar plant in Bulgaria. New capacity of over 6,100 MW of power generation, 55,000 m3/day of desalinated water and 2,270 tons per hour of steam capacity is under development or construction in Saudi Arabia. The companys 50 MWe concentrated solar power (CSP) plant in South Africa, 160 MWe CSP plant in Morocco and a 45,000 m³/day of water desalination project in Oman are under construction.   In addition, the company is developing (pre-construction phase) an 835 MW gas-fired power plant in Turkey and two coal-fired power plants  270 MW in Mozambique and 450 MW in South Africa. The company plans to continue growing and diversifying its water and power generation portfolio across MENA and beyond in targeted countries through both greenfield developments and strategic acquisitions.    IFC is considering an equity investment in the company to support its growth plan (the project), which includes increasing the share of renewable energy projects to 5-10% of the companys power generation portfolio and continued expansion of business in emerging markets outside of Saudi Arabia. The project is expected to have the following development benefits: (i) by supporting the significant scaling-up of renewable energy projects in the company''s markets, help mitigate climate change impacts; (ii) increase power generation and desalination services to meet growing power and water demand in the MENA region and in other emerging countries; (iii) support South-South foreign direct investments to promote economic growth and development in non-GCC developing countries; and (iv) generate direct and indirect employment opportunities through the greenfield projects developed by the company.
Maghreb Private Equity Fund IV LLC The proposed project consists of an equity investment of up to EUR15 million in Maghreb Private Equity Fund IV LLC (MPEF IV or the Fund), a closed-end private equity fund organized as a Mauritius limited liability company with a target size of EUR200 million. The Fund will have a generalist sector strategy and will invest in small and mid-market growth capital transactions primarily in Tunis, Morocco, Algeria and Egypt. (i)	Access to finance: Improving access to much needed long-term equity capital for SME and mid-market companies in North Africa.
(ii)	Financial inclusion and sustainability: The Fund will provide access to employment opportunities for individuals and access to cross-border markets for enterprises. The Fund will play an active role in strengthening governance and transparency of the investee companies. Through its hands-on involvement, operating efficiencies of the portfolio companies will be improved, thus promoting growth, sustainability and regional integration.
EuroMena III LP The project entails an IFC equity investment of up to US$15 million in EuroMena III L.P. (the Fund), a 7-year closed-end generalist private equity fund targeting US$150 million in commitments. Capital Trust Group will be the General Partner of the Fund, which will take primarily minority positions in SMEs and mid cap companies in the MENA region (the Region). The Fund expects to make approximately 8-10 investment in the Region, with estimated ticket sizes ranging from US$10 million to US$20 million each. (i) Support for SMEs in the MENA region: all target portfolio companies will be in the SME and mid-market segment. IFC experience has shown that small to midcap companies can achieve higher job creation rates than large cap companies.  (ii) Private Sector Development: the fund manager employs a hands-on value added strategy to help portfolio companies improve operational efficiency and competitiveness leading to improved competitiveness and sustainability.  (iii) Economic Development: long-term capital to under-banked sectors with capital needs allows new businesses and markets to develop which lead to increased employment and output.
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         The proposed project consists of an equity investment of up to US$7.5 million in EIP Levant Fund (the Fund), a closed-end private equity fund, domiciled in Malta, seeking to raise US$50 million to make equity/quasi equity investments in 8-10 companies in Levant region and Egypt. The Fund will have a generalist approach with a primary focus on healthcare, education, consumer-driven sectors and export-oriented businesses. The Fund is expected to have a significant development impact by: 
(i)	Providing growth capital to SMEs invested in FCS countries;
(ii)	Value addition through capacity building in operational, marketing and financial aspects of SMEs;
(iii)	Stimulating job creation and economic growth by supporting fast-growing SMEs;
(iv)	Implementing best practice environmental, social and corporate governance standards at both the Fund and investee levels.
GAC Project Gulf Agency Company (GAC or the Company) is a global provider of shipping, logistics, marine and related services.  It has a fleet of about 50 vessels (tugs, barges, landing craft, etc.) that support the offshore oil industry and which are active from the west coast of India to the west coast of Africa including the Caspian Sea and Arabian Gulf. The Company is embarking on an expansion program to upgrade its fleet.  IFCs financing would be used to cover the costs of acquiring additional vessels, beginning with the purchase of two Anchor Handling Tug Supply (AHTS) vessels which would initially operate on the Caspian.  The expansion will help the Company optimize its fleet structure and expand its operations. While Kazakhstan is considered to have substantial oil (and gas) reserves including offshore, poor infrastructure and a lack of support services has prevented it from taking full advantage of these resources.  As a result, the development of such services is essential to the development of the country and would in turn unlock economic growth and job creation.  The project would also facilitate the export of oil from countries with excess supply (such as Kazakhstan) to countries with a shortage, allowing both sides to benefit and enhancing the efficiency of the global oil market.  By facilitating increased trade linkages between the MENA region and the rest of the world, the project would also provide a demonstration effect to regional players of the rewards available from global integration.
GTLP Extn FIM Bank The project is to provide FIMbank (or the Bank), with a trade finance facility of up to $30 million to support the Banks trade finance activities in MENA and Sub-Sahara Africa.   The Facility will be funded as part of IFCs Global Trade Liquidity Program (GTLP) which was created as part of IFCs extended commitment to support global trade finance in order to increase the reach to some of the enterprises in emerging markets by addressing the liquidity constraint that they are as well as some of the financial institutions are still facing. (a) Channeling liquidity for trade financing in the Africa, and MENA regions which is vital to the survival of SMEs in those regions, thereby preserving jobs at such SMEs and the FIs;  (b) Strong demonstration effect to support trade finance activities - a main artery to economic health and recovery, especially in emerging markets - through providing longer tenor sources of financing.