devinitorg/iati-policy-markers huggingface dataset:
SEF CASPI Limited Caspi Ltd. is located in the town of Atyrau, one of the sites of extensive oil exploration in western Kazakhstan. The Company owns Chagala Hotel, a three-star hotel in Atyrau, and a small guesthouse in settlement Bautino, south of Atyrau and close to the Caspian oilfields, a site of the marine-supply base constructed by Offshore Kazakhstan International Operating Company (OKIOC).    The proposed project consists of the expansion and development of the Chagala Hotel and of the guesthouse in Bautino. The hotel and guesthouse offer rooms in $80-$120 range and the target market is oil workers and associated staff involved with the oil exploration and development work in the Caspian.  This will be IFC''s first investment in this strategically important area of Kazakhstan, which is expected to be the prime driver of growth for the next twenty years.  The expansion of the Chagala Hotel will meet the growing needs of the international oil companies and related support companies that are developing the new Kashagan oilfield in the Caspian Sea, which is estimated to have reserves several times that of the North Sea.  Following this discovery, neither the Chagala Hotel nor the Bautino guesthouse can meet demand.    IFC has a strong role to play in this project through the provision of long-term funding.  Term financing is practically unavailable in Kazakhstan and IFC''s financing will enable the company to expand the Chagala Hotel and Bautino guesthouse to meet the needs of international clients.  IFCs participation in the project is also expected to facilitate the company''s future access to international borrowing.  The expansion of the Chagala Hotel and the Bautino guesthouse is a vital component of the business infrastructure in Western Kazakhstan as foreign businessmen require such accommodation to operate.  As such, this expansion and development work will contribute to attracting foreign investment into Kazakhstan.  The project will provide direct employment to the company''s employees and indirectly to hundreds of workers providing goods and services to the company.
BCC Equity Project The proposed project is comprised of an equity investment in BCC for an approximately 10% stake alongside the local shareholders and strategic investor, Kookmin Bank  Co. Ltd, South Korea and a subordinated loan facility of up to $85,000,000 which will qualify as Tier II capital. 

IFCs role and additionality in the proposed project is to provide long-term support which will enhance the stability of a well-managed Kazakh client at a time when the international markets are closed to the Country. The successful implementation of this project will;

Support a well managed systemic medium-sized bank through the global financial crisis and help stabilize Kazakhstans financial system;
Promote SME lending in the economy;
Support the good corporate governance of the Bank.
BOP KMF-FY21 The proposed project consists of a straight senior loan of up to US$25 million denominated in Kazakh tenge (KZT) to Limited Liability Company microfinance Organization KMF (KMF or the Company) to enable KMF to provide much needed local currency funding to micro and small enterprises (MSEs) that have been negatively affected by the COVID-19 pandemic in Kazakhstan, particularly those operating in rural and remote areas (the Project). As of end-2020, the Company had a gross loan portfolio of US$324 million and 222 thousand active clients. The Company owns a network of 14 branches and 110 outlets. Stakeholder Effects: Improved access to and quality of finance for microenterprises and SMEs - The income stream of MSMEs, has been severely affected by the lockdowns, increased uncertainty, and a slow-down in economic activity in the wake of the pandemic. As the economy re-opens, MSMEs need access to capital to finance investments in inventory and inputs to resume economic activity, and to adjust business models to the post-crisis economic environment. The project will further support the implementation of a digital transformation of KMF's products and operations. KMF expects to digitize customer onboarding, therefore enabling a digital and remote loan disbursements and collections for a large share of its MSME customers. The adoption of digital channels and delivery methods have become increasingly important to adapt to customer needs and maintain business operations in the aftermath of the COVID-19 crisis.

Resilience: IFC anticipates that project will support resilience amongst microfinance and base-of-pyramids (BOP) finance providers by helping the market deal with the growing uncertainty and catalyzing investor response. A rise in non-performing loans, and disrupted borrower cash-flows has left banks reluctant to lend directly to BOP segments. Macroeconomic instability and uncertainty on the long-term viability of their operations has led to increased difficulties in accessing the funds needed to support the recovery and growth of their lending operations. By investing in KMF, IFC will demonstrate to other investors the viability of supporting the sustainability and recovery of BOP financial service providers.
RG Brands Project Established in 1994 by Mr. Kairat Mazhibayev and Mr.Erken Koshkinbayev, RG Brands LLP (RG Brands or the Company) is a leading branded consumer products company in Kazakhstan. It produces and distributes the following products: (i) fruit juice and water; (ii) UHT milk; (iii) packaged tea and potato chips and (iv) PepsiCo and Pepsi-Lipton International franchised products.   The proposed corporate loan will be utilized for partial refinancing of the Companys bank debt, working capital financing and capital expenditures (collectively, the Project). The Project will have following development impact: (i) Creating and preserving direct and indirect jobs; (ii) Supporting food security and availability; (iii) Strengthening linkages with dairy farmers; (iv) Increasing tax payments for the Government.
Bank Caspian The proposed investment includes a $80 million senior loan of 7 years tenor and 2 years grace to support the Banks continued lending to small and medium enterprises as well as a $25 million trade finance line. The anticipated development impact of Bank Caspians continued support of Kazakhstans growing SME business is expected to be far reaching in terms of its economic and financial support for businesses with previously limited access to credit, providing a stimulus for employment generation and growth of smaller enterprises.  In Kazakhstan, there are approximately 222,000 registered million small and medium enterprises as of October 2005, employing 1.7 million members of the workforce and contributing approximately 43% to the countrys GDP at end 2004.  Based on Bank Caspians average SME loan size, the project is expected to reach an estimated 2000 entrepreneurs during the tenor of the facility funding borrowers through Bank Caspians 147 branch and office network located throughout Kazakhstan.
Ispat Karmet SME Resource The Resource will be managed by Ispat Karmet.  The Resource will provide loan, quasi-equity, and equity financing, while the manager will provide technical and business assistance to small and medium enterprises (SMEs) located in Karaganda Oblast.  Target size of investments is $20,000 to $1million.    The proposed Resource is specific in that it aims to stimulate the relationship between the large corporate sector (in this case, Ispat Karmet) and the private SME sector.  Specifically, IKR will target its investments primarily at SMEs that already are or have a good potential to become suppliers to Ispat Karmet, which is the largest steel producer in Kazakhstan.      This project is the result of IFC''s effort to identify a fully commercial and economically-sustainable model for strengthening SMEs affiliated with large international organizations in general, and with Ispat Karmet in particular. The concept of this Resource is based on an existing model: the Anglo-American SME funds, whereby Anglo-American of South Africa has provided financial, technical, and managerial support to enable local SMEs to become suppliers to its mines and businesses.  The Anglo-American initiatives have been successfully operating since 1989, substantially increasing supplies from local SMEs, and providing good financial returns on investment.      IFC Role and Development Impact:         IFC''s primary role in this project is to promote corporate citizenship.  If successful, this project could have considerable replication possibilities as many large organizations working in developing environments, many of them IFC clients, have similar needs.      The proposed project has substantial development impact.  Important impediments to the development of the Kazakh SME sector include lack of access to equity capital, limited availability of long-term lending, and business managers insufficient business expertise and technical training.  The IKR aims to alleviate these constraints by providing financing supplemented by appropriate technical assistance.     The project is consistent with the World Bank Group strategy to support the growth of the private sector in Central Asia.  In line with this strategy, IFC''s priorities for Central Asia include supporting SMEs through financial intermediaries as well as through corporate-sponsored financing.
Ust Kamenogorsk Poultry Farm, JSC A modernized former Soviet factory in Ust-Kamenogorsk, Kazakhstan, UKPF is an established regional poultry leader in Kazakhstan (14% of domestic production, 6% market share) serving the remote though populated northeast market, as well as Almaty and Astana and marginal export sales to Kyrgyzstan.  Currently, UKPF is the sole chilled chicken meat producer in Kazakhstan.  With its new processing operation and improved technical operations, UKPF can leverage on its regional strength to gain market share in other regions, and expand fresh poultry production. 

UKPFs strategy is to transition the bulk of its sales from frozen whole birds to chilled products to capture higher margins, provide an alternative to frozen import options, and secure a stronger foothold in Almaty.   Chilled product sales will be achieved through locating UKPF-branded counters and refrigerators in key retail spots in Almaty, Astana, Pavlodar and Ust-Kamenogorsk for the majority of sales.    Supporting this effort is an already-embarked upon modernization program and improvements in the distribution system to build close relationships with leading supermarkets.

The IFC Project will help UKPF (i) improve the operations bio-security to reduce the risk of disease; (ii) accelerate the retailing of the branded chilled production; and (iii) reduce feed costs.   Advisory services will assist the Company with corporate governance, food safety and energy efficiency. Through working with UKPF, IFC will support the development of a local market leader in the poultry sector, a high priority for the Government of Kazakhstan.   Since the IFC project will address improvements in bio-security, cleaner production and energy efficiency, the Company will be able to serve as a model for other poultry and meat producers to improve their operations.   The Project main beneficiaries will be financiers, grain farmers, soybean and sunflower farmers, employees, retail stores, consumers, and the nearby residents of the UKPF operation.
Airport Almaty The Project consists of (i) financing the capital expenditure program, including a new passenger terminal to address capacity constraints, to modernize Almaty International Airport JSC (AIA) and (ii) refinancing of the acquisition of AIA and the associated fuel business entity Venus Trading LLP (VT, together with AIA, the Airport) from a private party.     Established in 1935, AIA is the largest airport in Central Asia in a strategic location and served 6.4 million passengers in 2019. As an international, experienced operator, TAV is expected to expand and modernize the Airport by bringing in its global expertise and network to improve customer experience and connectivity. IFC expects the Project to increase capacity at Kazakhstan's main international airport to accommodate the anticipated growth in passenger and cargo taffic, and indirect impact on growth and job creation through economic linkages. Project is also expected to improve quality of services through facilities upgrades, automation, passenger ancillary services and commercial offerings. At a market level, the Project contributes to improved competitiveness of the airports sector, from the introduction of an experienced private operator and envisaged improvements in operational performance standards. IFC expects the Project to also enhance integration, by supporting traffic growth at Kazakhstan's largest international airport and regional hub.
Sberbank KZ The project involves a potential senior loan of up to US$70 million equivalent in Kazakh Tenge to Subsidiary Bank Sberbank of Russia JSC, a commercial bank operating in Kazakhstan (SBK or the Bank).   SBKs core activity is to serve the private sector clients in Kazakhstan and is aligned with IFCs development strategy. The Bank has identified lending to small and medium sized enterprises (SMEs) as one of its top priority lines of business.   IFCs loan would be used by the Bank for on-lending to private SMEs, particularly those operating in the agriculture sector. The project''s development impact includes:   (i)	increasing access to finance for underserved SMEs in Kazakhstan, including those in the agribusiness, which have suffered from restricted access to finance as a result of the financial crisis, and  (ii)	diversification of the Kazakh economy away from dependence on the oil sector through a wider support to the private sector development which is to result in more job creation and life improvement.
ATF Bank Project The proposed project involves providing a subordinated loan of up to $75 million to support the capital base of ATF Bank. The successful implementation of this project will:  - enhance the Banks ability to access medium-term funding and on-lend funds to underserved sectors.  Through increased access to finance, Kazakh entrepreneurs would be able to access to finance for continuing their activity. The SME sector is critical to support job creation where unemployment rate is increasing, and  - support the efforts of one of the leading banks in Kazakhstan to diversify its funding, and to better manage its asset and liability position and its capital adequacy at time of financial crisis in the economy.
HomeCredit Green The proposed investment consists of a 3-year US$ 50 million senior secured loan, denominated in the local currency, Kazakh tenge (KZT), to JSC Home Credit Bank Kazakhstan (HCKZ or the Bank). All proceeds will be allocated towards the expansion and development of the Banks green retail loan portfolio (the Project). The Project aims to achieve development impacts by enhancing access to climate finance for individuals, addressing a significant gap in the availability of financial products for climate mitigation and adaptation. At the market level, IFC anticipates that, through demonstration and replication channels, the Project will enhance the competitiveness of the climate finance market.
Lukoil Overseas KIO, as a group of foreign investors, is in charge of the field''s development, while BG and Agip have been designated as operators. Lukoil''s minority stake is held through a subsidiary organized as a Special Purpose Vehicle (SPV) with no other assets, but the 15% stake in the field. The project is expected to double crude oil and condensate production from the current 100,000 barrels/day (bbl/d) to more than 220,000 bbl/d, and to increase gas production to 1.3       billion cubic feet per day (BCF/d).       The project has a significant developmental impact on the local and national economy of Kazakhstan. In addition to generating significant economic benefits to the country, it has, and will continue to contribute, to Kazakhstan''s goal of developing its under-exploited natural resources. Given the considerable money and technical skills needed to develop Kazakhstans vast oil and gas reserves, foreign investment is needed to fill the gap. Secondly, the project has already generated local contracting opportunities and created several thousand new construction jobs in a remote area of Kazakhstan.  KIO gives preference to materials, equipment, products and services from Kazakh contractors/suppliers when such sources are competitive and it is trying to maximize the local content in the work force.  KIO is providing local employees with training in western management, health and safety practices as well as on the use of western technology employed in the field.  In addition, KIO spends US$10 million annually for community development.  Since 1998, KIO has implemented a number of locally vital projects, such as the reconstruction and refurbishments of several hospitals in the area, installation of the new gas distribution system, road repairs, water distribution system repairs, built a new school for 800 students and repairs of the local theater.
Altyn Ajydar IV Altyn Ajydar (AA) is a leading producer of corrugated packaging in the Kyrgyz Republic and a long-term IFC client with sales of $5.4 million in 2010. AAs management has currently identified strong demand for packaging in Kazakhstan in line with the growth potential of the agribusiness, food processing, appliances and consumer goods sectors. AA now wishes to expand its production and sales to neighboring Kazakhstan closer to its main market and clients.  Through this investment, IFC will be able to: (i) provide longer term financing that is currently unavailable in the local market in sufficient amounts; (ii) support the expansion of an existing viable client in an IDA country to larger markets in Kazakhstan in the wake of the global financial crisis and economic contraction in the Kyrgyz Republic; and (iii) continue working with AA on implementing improved safety, labor, health, and environmental practices as well as provide advice on corporate governance in both Kyrgyzstan and Kazakhstan. The proposed project will help AA expand into Kazakhstan and improve its competitiveness with the production of multi-layer packaging products through the use a new and more efficient corrugated packaging line in a location that is closer to its client base in Kazakhstan. Moreover, the project will have a demonstration effect for other SMEs, as AA has been a successful company in the region. Besides improving the companys competitiveness, the investment is expected to result in an estimated additional employment of 100 workers in Kazakhstan.
SEF Kazkommertsbank SME Credit Line Summary Of Project Information (SPI)       Project Name:    Kazakhstan - SEF Kazkommertsbank SME Loan      Region:Central Asia, Middle East and North Africa   Sector:   Project No:008868   Projected Board Date:April 12, 1999   Company Name:Kazkommertsbank   Technical Partner and/or Major Shareholders    	The senior management of Kazkommertsbank owns 62% of the Banks equity. American and European investment funds own 32% of the Bank''s equity via ADRs as a result of the 1997 international equity offering. Individuals and other minority shareholders own the remaining 6% of the Banks equity.      Project Cost Including proposed IFC investment    	IFC will provide a credit line to Kazkommertsbank of up to US$2.5 million.    Location of project and Description of site    	The credit line will be onlent to SMEs in the Karaganda region. The primary purpose of this loan is to support the development of SMEs directly or indirectly associated with Ispat Karmet and/or to assist workers formerly employed by Ispat Karmet and/or to provide for the growth of the private sector in the Karaganda region.      Description of Company and Purpose of Project    Following the privatization of Ispat Karmet, the largest steel plant in the former Soviet Union, the subsequent restructuring has created a range of opportunities for SMEs to provide goods and services which were previously produced internally within the Company.  This project will also help generate employment opportunities in the region.    Kazkommertsbank is the leading private bank in Kazakhstan. Established in 1992, the bank provides a range of commercial and investment banking services to its private sector client base.  Estimated assets and equity as at year-end 1998 are US$506 million and US$115 million.  Kazkommertsbank is well known to IFC and received an IFC loan of US$10 million in 1997.     Environmental Category and Issues    This is an environmental review category (FI) project.  The bank will be required to undertake an environmental review of each sub-project.  In addition, IFC will assess the Bank''s capability to carry out environmental reviews.  Under IFC''s proposed new environmental review procedure, this would be a category FI Tier 2 project.  If and when the procedure is approved, it will apply to this project.    The  is  from the InfoShop.       Date SPI sent to InfoShop:    March 11, 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
BTA Leasing BTA Leasing (BTAL) was established in 2000 and is currently a wholly owned subsidiary of Bank Tura Alem (BTA), one of the leading private banks in Kazakhstan in which IFC is a 3.2% shareholder.  Headquartered in Almaty with 23 employees, BTAL is the first commercial leasing company in Kazakhstan, with paid-in-capital of $2 million and a current market share of 10%.  At end-2003, it had total assets of $11.3 million, and shareholders equity of $2.2 million.  More information is provided at BTALs website:  http://www.leasing.kz .    The project comprises of the following components:  -  an IFC equity investment of up to $1.2 million equivalent for 10% shareholding in the expanded share capital of BTAL; and  -  an IFC senior loan of up to $5 million to BTAL with a tenor of six years.    This project is intended to strengthen BTALs capital base, and strengthen BTALs institutional capacity and expand its leasing operations, particularly to Small and Medium Enterprises.  The proposed IFC loan will provide much needed term funding to BTAL and improve the maturity matching of BTALs balance sheet.  ORIX Corporation (ORIX) of Japan and ORIX Leasing Pakistan (OLP) will be the foreign strategic and technical partners to co-invest with IFC.  After the proposed investment, BTAs shareholding in BTAL will be reduced to 45%. ORIX and OLP will take a combined shareholding of 45%, with IFC taking the remaining 10%.  Both ORIX and OLP will be actively involved in the management of BTAL.  ORIX and OLP will nominate members on the Board of BTAL, and OLP will second about two experienced managers to participate in the day-to-day management of BTAL.  IFC is also expected to nominate a Board member.