devinitorg/iati-policy-markers huggingface dataset:
Global Trade Finance Program (GTFP) The project is to establish the Global Trade Finance Program or GTFP, a $500 million trade program, that will provide IFC with a flexible platform from which to support the extension of trade finance to under-served clients globally. The objective is for the Corporation to be in position to quickly supplement liquidity where and when it is needed in the system, assist local banks in every region in developing credit relationships with international commercial banks and to arrange training and technical assistance wherever most needed to improve their trade finance capabilities.  

The program will respond to on-going demand from clients for the Corporation to support trade-related business, both during normal market conditions as well as during periods of liquidity constraints. The inherent flexibility of the proposed framework will permit IFC to respond globally to shifting market and client needs without implementation delays or extra cost. The GTFP will be built up gradually to ensure diversification of the portfolio. Full utilization is anticipated in the fourth year of operations, however, since this is a new program, the rate of growth could be faster or slower.

The program will add significant value to local banks, importers and exporters by creating a comprehensive global network of trade finance providers that can be mobilized to extend efficient, responsive, client-driven service.  Trade between countries with a limited bi-lateral trade history can be difficult since financial institutions are risk-averse when there is no track record of successful transactions.  Hence easy access to a large global network of banks is fundamental to the success of trade finance. Through the GTFP, the Corporation will enhance trade finance capacity in local banks, both by facilitating trade credit as well as through technical assistance.  The training of local staff in the practice of trade finance is an important component of this program. In most markets, this will have the greatest net effect on SMEs which are most reliant on the support of local banks as foreign banks typically focus on the larger transactions and top-tier commercial entities.  The GTFP will guarantee amounts as low as $10,000 to ensure the SME sector is well supported.
GTLP SMBC Turkey III The Project is a three-year, unfunded risk sharing facility (the Facility) whereby Sumitomo Mitsui Banking Corporation and its affiliates (SMBC Group) and IFC would share the risk, on an up to 50-50% basis, in a portfolio of up to US$550 million of senior trade loans that SMBC Group provides to banks in the Europe and Central Asia (ECA) region. The proposed project is a renewal of prior SMBC ECA RSF projects. The proposed project is expected to provide financing to key financial intermediaries in the ECA region, particularly Turkey in the face of economic, trade, and supply chain disruptions caused by COVID-19.  Indirectly, this increased capacity will also improve the availability of credit to local importers and exporters along key value chains and in a wide variety of sectors.
Accion Quona Inclusion Fund The project entails an equity commitment of up to US$12 million in Accion Quona Inclusion Fund (the Fund) a private equity fund that seeks to make equity or equity-equivalent investments in early- and growth-stage companies that develop or provide products, services or technology to expand financial inclusion in Africa, Asia and Latin America. The Fund will add value to its investee companies by (i) providing access to VC capital in underserved markets mainly in Latin America, Africa, South and Southeast Asia; (ii) the ability of the Investment Manager to provide active governance support through its board representation, and leveraging expertise and networks including from the fund's LPs. 
The Fund focuses on financial services to underserved consumers and MSMEs. Investees may include providers of electronic payment services, challenger banking, innovative credit or insurance, and financial advisory, reaching unbanked and underserved individuals and businesses.
Cofco Noble II Noble Agri, recently spun out of Noble Group, is a global agri commodities company, involved in the origination, processing and distribution of grains and oilseeds, sugar and ethanol, and other soft commodities (coffee and cotton).  It operates through 60 major offices around the world, including Brazil, China, Argentina, Eastern Europe, India and South Africa and has over 13,000 employees.   IFC is considering an investment to participate its pro-rata share to buy out the 49% minority stake of Noble Group in Noble Agri, together with COFCO Corporation (COFCO), the leading agribusiness group in China, and an international consortium of investors (IC, including IFC, HOPU Fund and other investors).  This is a follow-on investment (project no. 34738) in which COFCO and the IC bought a 51% shareholding in Noble Agri through a subsidiary and created a joint-venture trading platform to capitalize on potential synergies across the supply chain with COFCO. IFCs investment transferred into an indirect ownership of 4.6 percent in Noble Agri. 1.	Contribution to global food security: Noble Agri is a midsize global trader and has financing constraints for its investment programs. The COFCO acquisition will provide the Company with access to long-term capital to expand its operations, ultimately increasing the supply of agri-commodities.   2.	Improvement in food supply chain efficiency and productivity: The COFCO partnership will enable the Company to invest to improve its competiveness. The global agri trading platform will exploit business synergies as well as economies of scope and scale to improve the supply chain efficiency of major agri commodities.    3.	Rural livelihoods and private sector development: Significant direct and indirect employment will be created in multiple developing countries.  It is expected that 3,900 additional jobs will be created at Noble Agri by 2018.  Increased productivity and improved standards in the value chains will also lead to increased wages and incomes for farmers.  Significant purchases from domestic suppliers and third party logistics providers is expected, with related indirect employment effects.  4.	Turnaround of underperforming assets: Noble Agri''s sugar assets in Brazil have been underperforming. The full acquisition of Noble Agri will give COFCO greater control, enhancing COFCO''s ability to implement operational changes needed to turn the assets around to profitability.
O3B II Project O3b Networks Ltd. is a communications company that operates a constellation of satellites in the Medium Earth Orbital (MEO) altitude. The network currently consists of twelve Ka-band satellites orbiting at an altitude of 8,000 km.  As a result of the satellites proximity to earth, O3bs network is able to provide low cost, low latency, and high quality broadband connectivity to all several customers located worldwide between 45 degrees latitude North and South, covering most emerging markets. The current Project consists of financing the construction of O3bs eight additional satellites (Satellites 13-16 and 17-20) and the launch costs of Satellites 13-16, to provide additional capacity to meet expected demand. This will bring the constellation ultimately to 16 operational spacecraft. INCREASED AFFORDABLE ACCESS TO COMMUNICATIONS AND DATA/INTERNET SERVICES:  O3b can provide access to land-locked countries and to island countries where submarine cable is unfeasible.    DEMONSTRATION EFFECT: The success of O3b will demonstrate there are demands for alternatives to traditional fiber and high cost GEO satellites.
LeapFrog III LeapFrog Emerging Consumer Fund III, LLC (LeapFrog Fund III or the Fund) is a ten-year closed-end private equity fund with priority sectors that focus on the emerging consumer. The Fund is seeking to raise third party commitments to make mid-market growth capital investments into financial services and healthcare investments that target Africa, South Asia and Southeast Asia. The Fund will make equity and quasi-equity investments averaging US$25 to 30 million, with one-third of the Fund focused on the healthcare segment and two-thirds on financial services investments. The Fund will be managed by LeapFrog Investments Group, a growth capital and profit-with-purpose investor with an emerging consumer strategy and demonstrable proprietary pipeline and local networks. (i) The growth of the Fund's portfolio companies is expected to result in strong job creation; (ii) the Fund will invest in companies that focus on the lower-income emerging consumer; and (iii) private sector development by enhancing regional integration via supporting companies to expand across borders.
MasterCard Project The proposed project is a USD $250 million risk participation facility whereby IFC will share with MasterCard the settlement risk of emerging market banks arising out of their settlement obligations to MasterCard. The facility, which has a five year term, will contribute to the World Bank Groups universal financial inclusion goal and create greater financial access by increasing the issuance of prepaid, electronic, debit and credit cards and the number of emerging markets financial institutions that can participate in the global MasterCard network.   The project is a part of IFCs collaboration with MasterCard to enhance financial inclusion in emerging markets by extending the reach of low cost, cashless financial services to the unbanked and under-banked customer segments. MasterCard has customers in over 200 countries/territories including in 75 IDA/Fragile and Conflict-affected States which offers huge potential for partnership in delivering innovative financial services in areas of common interest such as this project and the Partnership for Financial Inclusion already in place. The Partnership for Financial Inclusion is a joint $37.4 million initiative between the IFC and The MasterCard Foundation to advance financial inclusion in Sub-Saharan Africa by expanding access to microfinance and developing mobile financial services. Greater access to finance: the facility will increase access to credit for emerging markets financial intermediaries, individuals and SMEs. The aggregate settlement credit available to financial institutions in a country largely determines the total amount of non-cash transactions possible on payment networks and by increasing the settlement credit, the facility will enable greater access to finance in the country.   Safer transactions and integration with international markets: greater use of electronic payments will make transactions safer, more efficient and inclusive and will enable greater integration in international markets which in turn fuel growth and drive business growth for merchants.    Support enabling environment: the wide range of payment solutions offered by MasterCard would support the development and implementation of credit, debit, prepaid and related payment programs and solutions for consumers and merchants.   Skill transfer: MasterCard establishes and enforces a common set of standards for adherence by its customers for the use of its payments network.  Supporting MasterCard''s further expansion into emerging markets will thus result in a transfer of skill and innovation from a sophisticated technology company and payments industry leader to local financial institutions institutions to drive greater acceptance of digital payments, especially at the bottom of the pyramid and lessens the usage of cash.
CCLP Rabo Project CCLP Rabo (the Project) is for IFC and other development finance institutions, DFIs and commercial banks (Program Participants) to assume a funded  risk participation for up to $250 million in the  trade finance portfolio of the critical agri and energy inputs of Cooperatieve Centrale Raiffeisen Boerenleenbank B.A. (Rabobank, Rabobank International, Rabobank Group or the Bank), a bank incorporated in the Netherlands, with the statutory seat in Amsterdam, the Netherlands and located at Croeselaan 28, 3521 CB Utrecht, the Netherlands, structured under IFC Critical Commodities Liquidity Program (CCLP) initiative.  CCPL is a public-private partnership (PPP) initiative that is part of IFCs multi-faceted rapid global financial crisis response. It is a funded program of up to $4 billion that will be mobilized and disbursed in phases to provide IFC with a flexible platform from which to support the extension of liquidity to clients globally. The proposed total IFC investment would be up to $1 billion, which will be leveraged with resources from other DFIs as well as several international banks with an established footprint in emerging markets. The project is expected to have a significant development impact by increasing funding for trade of critical agri and energy inputs, including fertilizers and crop protection as well as energy products that cover daily needs (e.g., refined fuels, kerosene), to/from the emerging markets. CCLP is aimed at helping to address this current liquidity constraint faced by both financial institutions and real sector businesses.
GTFP II Project An additional $500 million Global Trade Finance Program ceiling supplementing the existing $500 million ceiling approved by the Board in November 2004 (Investment No.    23898   ), allowing IFC to support trade finance up to a total amount of $1 billion on a revolving basis.  This additional $500 million will be subject to the same terms approved for Investment No.    23898   . This is a global facility. The GTFP addresses the on-going demand from clients to receive multilateral support for trade.  The inherent flexibility of the program to meet client demands globally and quickly enhances its impact.  By guaranteeing trade transactions as small as $7,000 IFC lends critical support for the trade of consumer goods, intermediate goods, and smaller machinery, and commodities that are needed by the SME sector.  In 14 months of operation, the program has issued US$527 million of guarantees to support 560 transactions of which 65% were for banks in Africa, 80% were SME transactions, 77% supported trade with frontier countries, and 36% facilitated south-south trade.
CCFP ING Bank CCFP (Critical Commodities Finance Program) is part of IFCs multi-faceted rapid response to the current financial crisis. As a crisis response initiative, CCFP will address eminent needs in terms of liquidity and unfunded guarantees and help avoid disruptions in the supply chain of commodities to and from emerging markets. The CCFP would be a portfolio-based program with total funding from IFC up to US$1 billion, Developmental Financial Institutions/Governments (DFIs) up to US$1 billion, and commercial banks up to US$2 billion that will be mobilized and disbursed under separate facilities for each participating bank in the program.  The proposed project with ING Bank N.V. (ING or the Bank), a bank incorporated in Amsterdam, the Netherlands, under CCFP, CCFP-IFC facility, will provide ING with a funded risk-sharing facility of up to US$250 million for a trade portfolio of up to US$500 million aiming at supporting both agri globally and energy sectors only in IDA and IDA-blend countries. The portfolio will consist of funded trade transactions originated by ING through its wide network of Emerging Market Issuing Banks (EMIBs) and corporate customers.  Trade transactions will be subject to certain eligibility criteria. The project is expected to have a significant development impact by increasing funding for trade of critical agri and energy commodities to/from the emerging markets. CCFP is aimed at helping to address this current liquidity constraint faced by both financial institutions and real sector businesses.
Advent Central and Eastern Europe II Summary Of Project Information (SPI)       Project Name    Regional-Advent Central and Eastern Europe II (ACEE 2)              Region    Europe        Sector       Project No008778   Projected Board DateApril 16, 1998   Company NameAdvent Central and Eastern Europe II (ACEE 2)   Technical Partner and/or Major Shareholders    	Advent is a leading Boston-based private equity and venture capital investment management company and the overall sponsor and fund manager of APEF-CE, a US$106.5 million two-tier venture capital program for Eastern Europe, the predecessor of the ACEE 2 fund.    Project Cost Including Proposed IFC Investment    	Target Fund Size - US$150 million.  Proposed IFC equity investment - US$15 million.    Location of Project and Description of Site    	The Funds investment region will cover Romania, Croatia, Poland, Czech Republic, Slovak Republic and Hungary.  The Fund may also invest, on an opportunistic basis, in Moldova, the Baltic States and elsewhere in Eastern Europe.      Description of Company and Purpose of Project    	Advent Central and Eastern Europe II (ACEE 2 or the Fund) is a US$150 million successor to the Advent Private Equity Fund-Central Europe (APEF-CE) program. This new private equity Fund will continue the successful investment program that Advent International Corporation (Advent) has established with IFCs help in Central Europe. IFC has played a key role in getting the sponsors to extend the Funds investment region to cover frontier economies such as Romania, Croatia, Moldova, Macedonia, Bulgaria and Ukraine.  The new Fund would have the following development impact: (a) supporting the growth of efficient capital markets and productive private enterprise, especially SMEs; (b) transfer of technology, know-how and skills; (c) catalyst for follow-on investments and assistance in private placements and public listings; and (d) demonstration effect, of successful fund management.    Environmental Category and Issues    	This is a Financial Intermediary (FI) category project according to IFCs environmental review procedure. The Fund will be required to undertake an environmental review of eligible investee companies operations. In addition, IFC will assess the Funds capability to carry out environmental reviews of each investee company.        Date SPI sent to InfoShop     March 13, 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
LeapFrog Emerging Consumer Fund IV, LP IFC is considering an investment of up to US$50 million along with a US$50 million co-investment envelope, into LeapFrog Emerging Consumer Fund IV, L.P. (Fund), a US$1 billion fund making growth-stage investments in healthcare and financial services businesses in Africa, South Asia and Southeast Asia. The Fund is registered as a limited partnership and it holds a Global Business License (GBL) from the Financial Services Commission of the Republic of Mauritius.  The Fund will seek to take control-oriented significant minority or majority stakes in 18-20 opportunities with initial tickets typically in the range of between US$30 and US$70 million. The Fund will be investing solely in healthcare and financial services businesses LeapFrog is an experienced fund manager focusing on the financial and healthcare sector. Project level outcomes are delivered through increasing access to equity and value creation for mid-cap companies in Asia and Africa, including investees with an inclusive business model to serve underserved and bottom of pyramid customers; and increasing access to financial services for underserved private individuals and businesses including MSME customers across many emerging markets in Africa and Asia. The Fund Manager will support value creation in its investee companies through institutionalization, improved customer focus, and operational improvements including digitization leading to market expansion. 

Market creation is delivered by strengthening the competitiveness of Africas PE market. The project supports an experienced emerging market-focused fund manager to raise a US$1 billion follow-on fund in the mid-cap market segment with a meaningful allocation of approximately 40% to the African market. Beyond the Project, the success of the Fund will encourage global fund managers to raise new or follow-on funds in the African PE market. In turn, this is expected to attract international institutional investors and reduce the need for capital from Development Financial Institutions (DFI) for future fundraisings.
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         Crédit Agricole CIB, the Corporate & Investment Banking arm of Crédit Agricole S.A, (CACIB), offers its clients worldwide a broad range of products and services in capital markets, investment banking, and commercial banking. The bank has a comprehensive and growing business franchise in many emerging markets. 
       
       
         The proposed transaction is expected to have a tenor of up to 5 years and consists of up to US$85 million of un-funded IFC risk participation in an approximate US$2 billion global portfolio of predominantly emerging markets trade finance-related credit assets on CACIBs balance sheet. This risk participation will support further growth in CACIBs trade finance and social projects in emerging markets. The proposed project will further support the supply of trade finance in EM countries by IFC sharing credit risk on trade finance activities with CACIB. Additionally, CACIB will commit to redeploy some of the capital released from the transaction to finance projects in EMs, which have an interesting social benefit. Thus CACIB and IFC aim at bringing more value to the Project, IFC incentivizing the Bank to support financing activities in EM which have an interesting social impact. Subject to the further development and standardization of Social Bond markets, this may pave the way to then refinancing those assets under potential Social Bonds issuance in the perspective of mutual collaboration between both institutions which have been coordinating together the Social Bond Working Group, under the remit of the Green Bond Principles, during the last 2 years.