devinitorg/iati-policy-markers huggingface dataset:
Georgia Healthcare Group JSC Medical Corporation EVEX (EVEX, the Borrower or Company), is part of JSC Georgia Healthcare Group (GHG), the largest healthcare company in Georgia and a subsidiary of Bank of Georgia Holdings (BoG). The company operates 45 healthcare facilities in Georgia, including 35 hospitals and 10 ambulatory clinics, covering about 27 percent of total hospital beds in the country.  The proposed project is a US$ 25 million A loan to the Company with a 8-year tenor and 3-year grace period. The corporate loan will support EVEXs investment program over the next two years, which includes: i) renovation of two recently acquired referral hospitals (DKC with 310 and Sunstone with 332 bed capacity respectively) located in Tbilisi; ii) expansion plan of ambulatory clinics that includes 12 large ambulatory clinics, 15 small clinics in Tbilisi and towns across the country, and a diagnostic laboratory in Tbilisi; iii) one potential acquisition of a healthcare facility; (iv) introduction of new services in existing hospitals (i.e., diagnostic center, critical services, pediatric cardiac departments, oncology center, etc.), regular maintenance capex, and investment in software solutions (IT systems); and iv) acquisition of minority interests in its subsidiaries - Better efficiency in the sector: IFC''s investment will support a private healthcare services provider, who has been growing through consolidating and rationalizing the existing hospitals in the market, and who offers economy of scale benefit through integrated and not fragmented delivery of care. - Increased access to quality and affordable services: Middle class consumers will benefit from having access to an extended network of health centers with high quality medical services at affordable prices. The Company derives most of its revenues from the UHC. - Employment generation in a professional sector, with a particular focus on training and continued education: The Company is one of the largest employers in the country with c. 10,000 full time employees, 54% of which are women. It has its own nursing training center. - Supporting a recently listed on the London Stock Exchange followed by IFC financing, GHG is a showcase example of a Georgian company successfully tapping international debt and equity markets through a professional and solid management.
Tbilvino Project Established in 1962, Tbilvino (the Company or Tbilvino) is one of the largest Georgian wine-makers and exporters, concentrates exclusively on wine production and procures grapes from more than 300 Georgian farmers, located in Kakheti Region of Georgia. The Proposed IFC loan will be will be utilized for: (i) construction of primary facilities for grape collecting and crushing, in Kvareli region of Georgia; (ii) working capital requirement and (iii) additional capital expenditures to increase capacity of wine holding refrigeration tanks (collectively the Project). The project will have following development impact: i) Promotion of formal private sector abiding by rules, regulations and obligations; ii) Creation and preservation of  direct and indirect employment in rural areas of Georgia, where the job opportunities are scarce; iii) Linkage to farmers - IFC''s support will ensure the sustainability and growth of income for more than 300 Georgian farmers; iv) Improvement of product quality and food safety management systems, compared to uncontrolled producers; v) Contribution to the recovery of Georgia''s wine sector, helping to increase the Country''s export potential; vi) Generating additional amount of taxes paid by the Company to the Government.
Bank Republic - Housing Loan and Subordinated Debt Bank Republic (the Bank), an existing IFC Client, is one of the leading banks in Georgia, serving small and medium enterprises and retail customers. Member of the Societe Generale Group, Bank Republic is one of the Georgia''s oldest privately owned banks, founded in 1991.  Bank Republic is very active in mortgage credit market, in consumer finance segment and is well represented in micro financing, providing considerable assistance to small entrepreneurs not only in Tbilisi, but throughout Georgia. As of March 31, 2008, the Banks total assets reached 599 million Georgian Lari ($405 million equivalent), representing 7.3% of the total assets of the Georgian banking sector. Bank Republics equity exceeded 80 million Georgian Lari ($54 million equivalent) as the same date. The Bank holds 8.6% share of total deposits and 9.6% share of retail deposits in the country.  The proposed transaction with Bank Republic includes the following:  - subordinated Debt of $7 million to support the Banks capital base over the six years; and  - a ten-year senior loan of $15.0 million to finance the Banks mortgage program. The expected development impact of this project is high, because of achieving the following objectives in an IDA country:  - Building on IFCs successful history, this project would contribute further to the development of the mortgage lending in Georgia, an IDA country, through providing much needed long term funding to a local bank. This investment is to be the first IFC loan with 10 year tenor provided to a Georgian bank.  - Increasing an access to long-term mortgages for local borrowers that otherwise are not able to afford better housing. Bank Republic plays an important role in terms of strengthening public confidence in the banking sector in general, providing financial intermediation in the Georgian economy and playing a role model for other banking institutions in the market.  - Supporting efforts of one of the leading Georgian banks to diversify and to increase the maturity of its liabilities and therefore, better manage its asset and liability position. Longer tenor financing from IFC would support Bank Republic and, therefore, would affect the fragile banking system of Georgia in times of tight liquidity and absence of long term funds.
Tbilvino II wEstablished in 1962, Tbilvino (the Company or Tbilvino) is one of the largest Georgian wine-makers and exporters, concentrating exclusively on wine production and procuring grapes from more than 1,000 Georgian farmers, located in the Kakheti region of Georgia. The Proposed IFC loan will be will be utilized for: (i) development of the Companys own vineyards in the Kakheti region of Georgia; (ii) permanent working capital requirement; and (iii) additional capital expenditures (collectively the Project) The Company significantly exceeded Development Impact Indicators set for the IFC''s firts loan in 2011. The proposed new project will have significant development impact, including following:   -Promotion of the formal private sector abiding by rules and regulations; -Direct and indirect employment creation in rural areas of Georgia, where the job opportunities are scarce; -Generation of additional amounts of taxes paid;  -Linkage to the farmers: in 2010, the Company had 300 Georgian farmers suppliers, however, today it procures grapes from more than 1,000 farmers, which is expected to grow even further even after development of own vineyards as the Company grows fast.
BOG Subdebt 2 The proposed investment consists of an up to US$90 million subordinated loan to Bank of Georgia (BoG or the Bank), with up to US$ 50 million to be provided by IFC and up to US$ 40 million by B Lenders/Parallel Lenders.  The objective of the loan is to support the largest systemic bank in Georgia with a Tier 2 capital which will help the Bank to maintain its sustainable growth and secure capital cushion in anticipation of the introduction of new capital regulatory requirements in Georgia. The key development objective of this Project is to increase financial inclusion in Georgia.  By providing a long-term capital financing to BoG, IFC and B Lenders/Parallel Lenders would support a systematically important lender, heightening the Bank''s role in diversifying Georgia''s economic base, creating jobs, and fostering a sustained economic growth. Banking penetration in Georgia remains low, and to enlarge financial intermediation is essential to increase the flow of credit to SMEs and the economy in general.
BOP Isbank GE The investment is a four-year senior loan of up to US$20 million equivalent to JSC Isbank Georgia (ISBG) under the Base of the Pyramid (BOP) Platform (the Project). The Platform is designed to support lending to micro, small and medium enterprises by financial institutions in emerging markets to help mitigate the impacts and aftereffects of the COVID-19 pandemic on economic growth and livelihoods. Aligned with the Platform, the use of proceeds will be earmarked specifically for small and medium enterprises (SMEs), including up to 50% to climate finance projects. The anticipated project's outcome: Increased access to finance for SMEs to support economic activity and resilience in the aftermath of the COVID-19 crisis and on the back of increasing cost of funding; as well as increased access to climate finance.
Contribution to Market Creation: IFC anticipates that the Project will support resilience amongst financial institutions and BoP finance providers catalyzing investments for the same purpose by demonstrating the viability of lending to BoP providers and crowding in other sources of international and domestic finance in support of climate-related projects.
ProCreditGeorgia ProCredit Bank (ProCredit, Bank or the company) began operations in May 1999 as Microfinance Bank of Georgia with the guiding principles of establishing itself as a leader in providing credit and financial services to individual entrepreneurs, micro and small enterprises (MSEs) across Georgia.  The objective of the investment is to provide ProCredit with the necessary financing to support the rapid growth of its loan portfolio.  

The bank officially changed its name to ProCredit Bank as part of an overall marketing strategy by IMI to strengthen its network of microfinance institutions (MFIs) in Eastern Europe under a common corporate identity by linking it to a -strong-universal-bank-image- for the target group.  The transformation has been well received by the Georgian media, customers and staff.
GGU Green Bond Georgia Global Utilities JSC (GGU, the Company or the Issuer)s issuance of a 5-year US$300 million green bond on Euronext Dublin (the Project) to (i) refinance approximately US$200 million of the Companys current shareholder loans and (ii) finance approximately US$100 million of the Companys green capital expenditures program. The project will support (i) the improvement of the quality of water services in the wider metro area of Tbilisi, and (ii) the increase of new customer connections to water service.
At the market level, the project contributes to deepening financial integration by demonstrating to Georgian corporates and signaling to investors the potential for issuance of sustainable finance instruments.
BOG III Project The proposed project consists of a package of convertible and non-convertible subordinated loans and senior loans of up to $100 million which is designed to support the Bank of Georgias (the Bank)  regulatory capital and provide it with the necessary funding to continue its lending to its key client bases of small and medium sized enterprises (SMEs) and retail borrowers. The project has a high expected developmental impact.  The underdeveloped banking sector impedes Georgias economic growth and limits local business access to longer term financing.  The development impact of the project is expected to be significant in terms of its support for local businesses in the real economy. By providing financing to Bank of Georgia, IFC will enable the bank to expand its lending operations and provide longer tenor commercial financing to businesses in a various economic sectors, therefore fostering economic growth and employment generation. In addition, this project will broaden access of the population to retail finance, including mortgage finance, thus improving the living standards of population.
TBC Bank- Climate Financing Package The proposed investment to JSC TBC Bank (the Bank) comprises up to US$200 million or equivalent in EUR and/or GEL financing in the form of a senior loan with maturity of up to 5 years (the Project). The proceeds of the Project will be earmarked for financing small and medium enterprises (SMEs) with up to 40 percent of the proceeds dedicated to eligible renewable energy and energy-efficient climate projects. IFC anticipates that the Project will contribute towards efforts in Georgia to reduce the access to finance gap for SMEs and will support the Bank to grow its climate finance portfolio over based on its developing green ESG strategy.  IFC's funding will be used to grow the portfolio targeting renewable energy and energy efficient projects across the SME segment. IFC further anticipates that this investment will promote market sustainability by catalyzing the adoption of best practices in climate finance products, processes, and standards.
TBC Bank Project IFC is a shareholder of TBC Bank (TBC or the Bank), Georgias second-largest with over $1 billion in total assets. This project (involving a potential IFC investment of up to $70 million) presents a significant opportunity for IFC to help ensure TBCs more sustainable growth and, indirectly, support the development of the banking system in Georgia (an IDA country) by: 

- helping to strengthen TBCs capital base and to meet its liquidity needs in the current difficult market; 
- working with TBC to implement a solution for its longer term funding needs; and 
- introducing resourceful strategic partnerships which would support TBCs growth with stable sources of long-term funding and operational excellence. The proposed investment has the following anticipated outcomes:

- Continue to contribute to the development of one of Georgias leading banks by assisting TBC in meeting the increased demand for SME and consumer loans.  

By improving the SME access to financing from a well-managed local bank, the project will facilitate the sustainable development of the private sector across the country that will result in improved economic development, employment creation and poverty reduction.
 
- Strengthen the Georgian banking sector by introducing strategic partnerships capable of promoting global banking best practice and providing liquidity during a period of global market difficulties.  

As one of Georgias top banks, TBC plays an important role in strengthening public confidence in the banking sector in general, providing financial intermediation in the economy, contributing to increased competition in the financial sector and serving as a role model for other banking institutions in the market. Instilling market confidence at this juncture will help stimulate future access to international markets.

- Support the efforts of one of the leading Georgian banks to diversify and to increase the volume of its funding, and to strengthen its asset and liability position and its capital adequacy.
BoG Subdebt The proposed investment consists of up to a US$65 million subordinated debt to Bank of Georgia (BoG or the Bank), which is expected to be funded fully through the IFC Capitalization Fund (the Cap Fund), as the proposed project is fully consistent with the Cap Funds objective of supporting a systemic bank that is capable of providing credit to emerging economies but is facing significant challenges to raise capital in international capital/credit markets, due to the global financial crisis.  The proposed investment intends to strengthen BoGs balance sheet by expanding its capital base, as well as support its growth strategy, The key development objective of this project is to increase financial inclusion in Georgia. The project is designed to improve access to finance for the underserved segment of SMEs in Georgia by providing capital support needed by Bank of Georgia to expand their lending operations.
TBC Bank III The project is to provide a subordinated loan of $4 million to support the Tier II Capital of TBC Bank (the Bank, TBC, or the company), one of Georgias leading banks. The subordinated loan will serve three important purposes:  

-  provide capital support to a leading Georgian bank which will allow for continued growth in lending activities to SMEs and individuals; 
-  provide TBC Bank with funding for longer term investments in its own infrastructure; and 
-  introduce a new financial instrument to the Georgian banking sector by utilizing newly implemented capital adequacy regulations. Currently the Bank focuses on funding SMEs and trade finance projects in addition to doing business with multinational companies, embassies and NGOs.
Rakeen Georgia Rakeen Development PJSC (Rakeen), a real-estate development company based in Ras Al Khaimah (RAK) in the United Arab Emirates (UAE) is embarking on a diversification of its business operations with its first investment in Georgia.  The project is to develop a mixed-used commercial property consisting of a shopping mall and two office towers, at an estimated cost of $255 million.  The project will be located on a 7.3 ha site about 10 km from downtown Tbilisi, the capital city of Georgia.  The project company to be established (Uptown Tbilisi) will sell each component of the project in a phased manner over a 4-5 year period.  The proposed project in Georgia will be one of Rakeens first green field venture outside UAE and will address the growing local demand for quality property developments fuelled by Georgias strong economic performance in the past few years and rising income levels.  The project is likely to be the first and largest mixed-use development in Georgia, and the development impact of quality business infrastructure (retail and office space) will be high. Project is expected to have the following development impacts:    - Demonstration Effect and Improved Access to Quality Infrastructure:      The project will be the first modern mixed-use development in Georgia offering quality shopping experience as well as the best Class A office space in Tbilisi. It will provide quality business infrastructure to the business community and attract companies seeking to establish their premises and work in a new neighborhood away from downtown Tbilisi. This is expected to help shape the appearance and functionality of the city and its attractiveness as domestic and regional commercial destination.      - Retail Sector Formalization:      The retail sector in Tbilisi is presently underdeveloped and fragmented. The shopping mall component of the project will be the first in Georgia constructed to international standards and will significantly improve the Georgian retail experience.  It is expected to introduce more formalization in the sector and provide local consumers with greater choice of higher quality goods.     - Support to local construction sector:     The project will support the growth of the construction and related sectors generate (such as construction and construction products) and service firms (architects, engineers, brokers and surveyors).
ISC-500 Georgia L.P. The proposed project consists of an IFC equity commitment of up to US 4 million in 500 Georgia, L.P. (500 Georgia or the the Fund), a venture capital (VC) fund focusing on pre-seed and seed investments in companies participating in the 500 Georgia Program and/or operating in Albania, Armenia, Azerbaijan, Bosnia & Herzegovina, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Georgia, Greece, Hungary, Kosovo, Kyrgyzstan, Latvia, Lithuania, Kazakhstan, Republic of Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, the Slovak Republic, Slovenia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan (the Program Countries). IFC anticipates that the Project would result in increased access to seed/early-stage equity financing and value-addition services for technology startups in Georgia and the other Program Countries, potentially resulting in business growth.
 
Beyond the Project, this investment has the potential to contribute to creating a competitive digital entrepreneurship ecosystem in Georgia and the other Program Countries, by supporting the development of local venture capital markets. This would be achieved through demonstrating the commercial viability of the VC fund model, developing a quality pipeline of investment projects, and building entrepreneurial skills and networks.
TbilComBank Joint Stock Commercial Bank of Tbilisi Summary Of Project Information (SPI)       Project Name    Georgia-TbilComBank               Region    Europe        Sector       Project No009322   Projected Board DateJanuary 15, 1998   Company NameTbilComBank Joint Stock Commercial Bank of Tbilisi   Technical Partner and/or Major Shareholders    	TbilComBank received a Georgian banking license in August 1992.  Its majority shareholders are both foreign legal entities, owned by Georgians and foreign citizens, and Georgian citizens.    Project Cost Including proposed IFC investment    	A five-year credit line of US$3 million to TbilComBank for onlending to private Georgian enterprises.    Location of project and Description of site    	Tbilisi, Georgia    Description of Company and Purpose of Project    	The project involves providing a credit line to TbilComBank to support the development of its commercial lending business.  Proceeds of the credit line would be used for onlending to private Georgian enterprises for trade finance, working capital and project finance. TbilComBank would be responsible for identifying, appraising and supervising sub-projects under the proposed IFC credit line and would also bear the credit risk.  This would be the first non-government-guaranteed credit line to TbilComBank from an international financial institution.  IFCs credit line would be combined with a donor funded advisor to TbilComBank to provide assistance with: (i) marketing and client identification; (ii) loan analysis and monitoring; (iii) portfolio grading; and (iv) problem loan workout.     Environmental Category and Issues    	This is an environmental review category FI Tier 2 project according to IFC''s environmental review procedure.  TbilComBank will be required to undertake an environmental review of each sub-project to ensure compliance with host country requirements, IFC environmental and social safeguard policies, and, if applicable, World Bank Group environmental, health and safety guidelines.         Date SPI sent to InfoShop     December 2, 1998      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
Credo Georgia The Project would consist of an IFC Loan of up to $4 million or equivalent in Georgian Lari (proposed tenor: up to 4 years with a 1 year grace period) to Microfinance Organization Credo (Credo or the Company) aimed at expanding the financing of the Companys microfinance clients. The Project''s development impact is expected to be strong, as the Project would increase access to funding for the underserved micro and small businesses, especially in poor and rural areas. The Project is expected to contribute to economic growth and poverty reduction by helping to create jobs. IFC funding is expected to create demonstration effect by supporting an organization with a dedicated focus of serving the lower end of the market.