devinitorg/iati-policy-markers huggingface dataset:
Companhia Brasileira de Securitizacao Summary Of Project Information (SPI)       Project Name     Brazil - Companhia Brasileira de Securitizacao               Region    Latin America and the Caribbean        Sector       Project No008175   Projected Board DateApril 27, 1998   Company NameCompanhia Brasileira de Securitizacao (CIBRASEC)   Technical Partner and/or Major Shareholders    	Cibrasec shareholders are 34 Brazilian financial institutions, many of which are mortgage orginators.  IFC is helping the Company identify a Technical Service Provider.    Project Cost Including proposed IFC investment    	US$53-70 million, including proposed IFC equity investment of up to US$5 million.    Location of project and Description of site    	The Company is located in Sao Paulo and will undertake  securitization throughout Brazil.    Description of Company and Purpose of Project    	Cibrasec is a pioneering effort by a local private sector group to develop Brazils secondary markets for mortgages and mortgage-backed securities.  It will purchase and pool standardized residential mortgages, transferring them to special purpose vehicles that will issue securities backed by the mortgage pools in the local capital markets.  IFC has a strong institution-building role.    Environmental Category and Issues    	This is a Category C project according to IFCs environmental review procedures.  No further environmental review is required.       Date SPI sent to PIC     March 27, 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
Gencau Amazon Gencau Sao Paulo Indústria e Comércio de Ingrediente Alimentícios Ltda. (Gencau or the Company) is a family-owned cocoa processing company which focuses on supplying traceable, sustainable, and high-quality cocoa products. Gencau is headquartered in Brazil with operations in the states of Pará, Bahia and Sao Paulo. IFCs proposed investment will support Gencaus growth in sustainable cocoa sourcing and processing (the Project). IFC expects the Project to generate positive climate mitigation effects by promoting agroforestry in the supply chain and provide access to market and technical assistance for farmer suppliers. At the market level, IFC expects the Project to increase the competitiveness of Brazils cocoa processing industry by supporting an innovative player focused on sustainability.
Vinci VIR IV The project entails an IFC equity commitment of up to US$20 million in Vinci Impact & Return IV L.P. (the Fund). The Fund is seeking commitments to pursue minority equity investments in SME companies in Brazil with at least 35% of the investments to focus on the Northeast region of Brazil.
RSE COVID Jalles The proposed investment consists of a senior loan to Jalles Machado S.A. (Jalles, Jalles Machado or the Company), composed of (i) an A Loan of up to US$20 million or the BRL equivalent, and (ii) a B Loan of up to US$7.5 million. The Company is playing an important role in the COVID-19 response in the state of Goias, ensuring a continuous supply of sanitizing products in this frontier region. By sustaining the Company's operations, the project helps consumers have continued access to hand sanitizer and ensures continuity of employment opportunities in a frontier region. By limiting supply disruptions, the project promotes resilience in the sugar and ethanol sector.
Phoenix Tower BR Phoenix Tower do Brasil (PTB) is an independent wireless infrastructure operator based in Brazil. PTB is an affiliate of Phoenix Tower International, headquartered in the United States of America and with existing operations across several countries in Latin America. PTIs strategy and business plan is to own and operate strategic wireless infrastructure in those markets, which are characterized by strong wireless growth, strong underlying real estate rights, while leasing those towers to multi-national and investment grade mobile network operators, which face significant capital expenditure needs in order to enhance and grow their wireless networks.   PTB is seeking IFC debt financing of up to US$20 million on own account. The debt investment will support PTB to fund the acquisition and build to suit construction program of tower assets in Brazil, accelerating the growth of its footprint in Brazil (the "Project). (i) Foster competition: PTB becoming a scalable player in the region will promote competition in those markets currently dominated by large independent tower operators. Competition among the independent tower operators will allow smaller wireless operators to benefit from reduced barriers to entry as they will have access to leased tower infrastructure for more competitive prices, rather than incurring large capex for this purpose on their own. (ii) Increased wireless penetration in the region: The construction of additional telecommunication towers will allow mobile operators to expand the service both in terms of capacity and geographic coverage. In addition, towers sharing will drive down the incremental cost of expanding coverage for all carriers therefore allow operators to make the services more affordable. (iii) Access to ICT technologies: PTB tower network will support mobile cellular networks but also wireless broadband and backhaul networks, hence improving the penetration of ICT technologies. (iv) Mitigate environmental impact: IFC will ensure that PTB develops and implements proper E&S policies and procedures as it continues to grow its footprint in the region. (v) Job creation: the project will contribute to both direct and indirect job creation.
SRT Santander Br The proposed investment consists of an up to 5-year Synthetic Risk Transfer (SRT) that IFC is analysing to provide approximately BRL706 million (US$141 million) unfunded guarantee to Banco Santander Brasil S.A. (Santander Brazil or the Bank), an existing IFC client since 2009. The guarantee will cover the credit risk of a portfolio of approximately BRL6.3 billion (US$1.2 billion) of a majority of trade finance loans. The project aims to expand access to climate finance, as the Bank will redeploy capital savings to increase its climate finance portfolio (the Project). Under the Paris Agreement, the government of Brazil pledged to reduce 37% of its carbon emissions by 2025, and 50% by 2030, compared to the baseline in 2005. In order to meet its Nationally Determined Contribution targets, it is instrumental for Brazil to improve the accessibility of capital and finance for projects that mitigate climate change. In that context, Santander has already begun to develop a climate portfolio and is considered one of the market leaders in Brazil. IFC anticipates that the Project will contribute to narrow Green House Gas emissions in Brazil by helping the Bank increase its climate related portfolio by means of releasing capital allocated to other credit segments.
Daycoval II Established as a multiple bank in 1989 and listed at Bovespa stock exchange since June 2007, Banco Daycoval S.A. (Daycoval or the Bank) is one of the leading mid-sized Brazilian banks operating in the middle market segment. Daycoval had more than 2,000 active SME clients and assets of R$ 5.1 billion as of June 2007.

The project involves the subscription by IFC, through private placement, of a cross-border, local currency-denominated note for an amount up to $30 million-equivalent.  The project also includes a B loan, for an amount of up to $70 million.  The Note and B loan proceeds will be used by the Bank to expand its lending activities involving SME companies, with emphasis on those located in the less developed regions of the country. Daycoval has expertise in credit operations secured by collateral, particularly involving SME borrowers.  The Bank has been presenting a strong growth in its credit portfolio in the last years and is expanding its operations into less developed regions of the country.  The project will help the Bank to continue its geographic expansion to regions outside the São Paulo financial hub. The two major development impacts embedded in this project are, making additional credit resources available to the underserved SME segment in less developed regions of the country and helping maintain a competitive environment in the concentrated Brazilian banking sector.
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          The proposed transaction (the Project) consists of an investment in the Senior quotas of the Exten Apoio SME FIDC (Fundo de Investimento em Direitos Creditórios), a special investment vehicle under Brazilian law for the offering and distribution of credit risk instruments to Institutional Investors, to be sponsored by Exten Corp. (Exten or the Sponsor), formerly named DunasPlus Corp. The fund will make advances based upon B2B domestic performed trade receivables, which are generated by Brazilian SMEs (Originators) on goods sold / services provided to other Brazilian companies (Obligors). The investment is up to US$15 million equivalent in BRL. Increase Access to Finance for SMEs and Women-owned SMEs: The Project will offer alternative sources of financing to SMEs, especially small companies, which are not be able to get access to adequate funding from local financial institutions. The Brazilian SMEs represent a very broad market segment consisting of millions of companies that have limited access to conventional credit facilities through the Brazilian financial system. This is the case, particularly, in markets outside Brazil's main cities, which are underserved by financial institutions. Given the recent recession and still uncertain economic scenario, SMEs are facing a particular difficult moment to access credit in Brazil. Additionally, by offering an alternative source of financing to SMEs, the Project will also reach an underserved segment, which is Women-owned SMEs.
Financing for on-lending through digital channel: The Project will support an innovative way of offering financing to SMEs, by using technology. The use of a digital platform enables faster and more efficient processes, which goes in the opposite direction of traditional lending, creating competitiveness in the market. Furthermore, by supporting on-lending through a digital platform, the Project will enhance financial connectivity and inclusion. In a large country like Brazil, offering a product, which is accessible in any geographic location will scale financing to SMEs and lead to market integration.
Banco Fibra II Founded in 1988, Banco Fibra S.A. (Fibra or the Bank) is a leading midsize Brazilian bank with assets of R$9.8 billion ($4.8 billion) as of March 31, 2007. It focuses its activities in commercial lending, with a client base of approximately 950 corporate clients:   - 50% are companies with annual sales between R$30 million and R$100 million (middle market);  - 25% are firms with annual revenues between R$100 million and R$400 million (upper middle market);  - the remaining 25% are considered to be large corporates, which the Bank defines as companies which generate annual gross revenues in excess of BRL 400 million or selected ones in excess of BRL 100 million, but which are characterized by a highly sophisticated and professional management and administration.    The Bank is also active in the consumer finance segment, mainly through operational agreements with medium size retail stores, with approximately 620,000 retail clients and 3,000 sales points as of December 2006.  It is also studying the possibility of establishing housing and microfinance operations in the next 12-18 months.  The project entails an up to $210 million financing package to support the expansion of Fibras lending activities in the middle-market and consumer segments, and the development of its housing finance and microfinance operations. Fibra has expertise in credit operations, particularly involving middle-market corporate borrowers.  It has reshaped its strategy and set growth in credit operations as a strategic priority for the next several years. The project will help the Bank achieve this target by increasing and diversifying its funding base, thus reducing its vulnerability to macroeconomic oscillations. The two major development impacts embedded in this project are:  - making additional local currency credit resources available to the underserved SME segment; and  - fostering a competitive environment in the highly concentrated Brazilian banking sector.
Reinsurance Br The proposed project consists in the launch of a greenfield reinsurance company (Terra Brasis or the Company) in Brazil.  Today the reinsurance market in Brazil presents a strong development potential for new domestic private owned reinsurance companies given: (i) the pipeline of investments  in logistic, energy and infrastructure; (ii) the events that the country will host in the next six years (the World Cup and the Summer Olympic Games); (iii) the discovery of important oil reserves in the so called pre-salt layer, which will bring significant investments in the oil exploration chain; and (iv) the growth of the economy as a whole, which creates necessity for more (re)insurance coverage. Terra Brasis will increase reinsurance capacity in the Brazilian market and will create a new reinsurance alternative for insurance companies operating in Brazil. - Create market alternatives for insurance companies which today are dependent on a few available options to obtain reinsurance;
 Increase domestic reinsurance capacity;
 Development of technical expertise in reinsurance in the Brazilian markets
Sucorrico S.A. Summary Of Project Information (SPI)       Project Name    BRAZIL-Sucorrico            Region    Latin America              Sector       Project No007727   Projected Board DateOctober 15, 1996   Company NameSucorrico S/A   Technical Partner and/or Major Shareholders    	Mr. Lair Antonio de Souza, a local entrepreneur and orange grower.    Project Cost Including proposed IFC investment    	Project cost is estimated at about US$45 million.  IFC would provide a loan for its own account of up to US$15 million.    Location of project and Description of site    	The project is located in Araras, State of Sao Paulo.  The total project site covers 12.5 ha and is part of an industrial development park.    Description of Company and Purpose of Project       	       The project consists of the greenfield development of an industrial plant for the production of frozen concentrated orange juice (FCOJ).  The Company is a newly formed enterprise for the development of a frozen concentrate orange juice plant.  The company will be owned by a group of local orange growers who will supply 100% of the oranges to be processed by the plant under a tolling arrangement.  The project will benefit the farmers who are currently obtaining low prices for their oranges due to limited competition among existing orange processors.  The project will increase competition in the Brazilian FCOJ industry and allow the farmers to retain the value added from orange processing.  IFC will provide long-term financing otherwise available in Brazil.  The project will also promote competition in the highly concentrated Brazilian FCOJ industry and provide a guaranteed outlet for over 130 orange growers in the Araras region.    Environmental Category and Issues    	This is a category B project according to IFCs environmental review procedure.  The potential environmental, health and safety issues of the project are: air emissions, liquid effluents, solid wastes, fire prevention and emergency response, and workers safety. The new facility will be surrounded by a 45 m green belt planted with ficus and eucalyptus citrodorum. The boiler will use fuel oil, but will be converted to natural gas, when it becomes available.  Scrubbers will be installed to ensure that the particulate matter and SO2 emissions will meet local government and World Bank guidelines.  The industrial liquid effluents will be chemically and biologically treated.  The facility will recycle process water and solid residues.  A safety program will be in place to minimize the risk of fires and explosions, and the plant will establish a fire brigade. Employees will be trained with regard to safety rules, accident and spill prevention, fire safety and emergency response, and use of personnel protective equipment.    The  is  September 6, 1996 from the Public Information Center.             Date SPI sent to PIC     August 29, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
DCM Red RealFIDC The proposed project (the Project) consists of a 5-year (2 years of grace period) investment of up to BRL 480 million in senior quotas of Red Real FIDC (Red Real or the Fund), managed by RED Asset Gestão de Recursos Ltda (RED Asset or the Fund Manager), an existing IFC client. The Project aims to continue supporting RED Assets lending program to small and medium enterprises (SMEs). IFC anticipates that the Project will support an increase in access to finance for Brazilian SMEs, helping to address an SME finance gap estimated at US$437 billion, the ninth largest gap among 128 developing countries, and approximately 25% of the GDP. Moreover, SME finance has decreased during 2020-2021 in a period of recession when banks were restricting their loans and going for less risk portfolios. 


IFC anticipates that the Project will contribute to greater resilience in the SME finance market through demonstration and replication channels by unlocking alternative funding sources for lenders in the SME financing segment. The credit market in Brazil is characterized by a high degree of concentration where banks control the lions share with the top 5 banks responsible for about 70% of the total credit volume in the country. This market dominance enables banks to realize good profits dampening their appetite for targeting underserved segments such as SMEs. Worse still, banks perceive SMEs as a high-risk segment and retrench from this segment especially during stress periods such as the COVID-19 pandemic. This flight to quality phenomenon was evident during the pandemic as there was a decline of approximately 3% in the share of SME financing by commercial banks in 2021 to 61.7% from roughly 64.7% in 2020.
Vento Brazil Established in August 2011, CPFL Energias Renovaveis S.A. (CPFLR, the Company) is a company that develops, constructs and operates Renewable energy power projects in Brazil. Its strategy focuses on generating power mainly from wind, small hydro (less than 30 MWs of capacity) and biomass sources.   CPFLR has 1.15 GW of operating projects, 582 MW under construction and 3.8 GW under different stages of development. The Project involves the financing of 530 MW of Renewable energy projects in CPFLRs 3.8 GW pipeline that are currently in advanced stages of development. The total cost to develop and construct the power plants is estimated to be R$2.54 billion (about US$1.25 billion). The implementation of the Project will result in significant growth in CPFLRs operating capacity and will contribute to Brazils energy matrix diversification.  To fund its share of equity in the projects, CPFLR has raised R$300 million (~US$148 million) through an IPO. In addition to the primary raise the IPO also comprised a secondary sale by existing shareholders. In total the size of the IPO was R$900 million (US$443 million). Through this IPO, its shares will get listed in the Novo-Mercado segment of BOVESPA.  IFCs equity investment of R$150 million (~US$74 million equivalent) accounted for a part of the proposed financial plan for upcoming projects. This investment has resulted in IFCs shareholding of approximately 2.7 percent in CPFLR. (i)	Increased generation of Renewable power: The GOB has set a target to increase the share of power generation attributed to Renewable energy sources in Brazil to 20 percent from current 12 percent of installed capacity. The Project is expected to help Brazil meet this target.  (ii)	Contribution to Climate Change Mitigation: The Project helps mitigate adverse climate change impacts by helping Brazil achieve a balanced energy mix through the use of Renewable resources. With current operational projects and projects under development, the Company is expected to avoid approximately 700 thousand tons of CO2 emission annually by FY2018.  (iii)	 Employment: The Project will generate additional local employment during construction (largely in Northeast Brazil) and permanent employment during operations.   (iv)	 Private Sector Development in Renewable Energy: IFC''s investment is expected to help attract international investors to Renewable energy projects in Brazil which will facilitate the growth of private companies in this sector in Brazil.
Rio Bravo Securitizadora CLG The project involves provision of an IFC guarantee (or the economic equivalent thereof) with a value of up to 50 million Brazilian Reais (approximately $22 million at current exchange rates) to a Brazilian bank (Banco ABN AMRO Real S.A.), in order for the latter to make long-tenor, local currency-denominated financing available to Rio Bravo Securitizadora S.A. (RBSec or the Company).  RBSec is one of the leading residential and commercial real estate securitization companies in Brazil.  Its principal business activities include:   -  Origination of residential and commercial real estate receivables from entities that make primary financing available to home purchasers and other end-users of real estate;   -  Subsequent securitization in CRI format of the relevant real estate receivables which it originates, and placement of the resultant CRI''s with Brazilian domestic capital market investors (CRI''s, or Certificados de Recebíveis Imobiliários, are effectively the Brazilian equivalent of mortgage-backed securities); and   -  Acting as a master servicer for CRI transactions.  RBSec will utilize proceeds of the BRL50 million financing from Banco Real which is supported by the IFC guarantee to acquire local currency-denominated residential real estate receivables from eligible developers, banks, and other sellers of such assets.  Thus, the IFC Project is intended to help RBSec to further expand its residential real estate receivable origination, securitization, and housing finance-related securities placement activities.