devinitorg/iati-policy-markers huggingface dataset:
Banistmo - Tourism RSF The Project involves establishing a risk mitigation guarantee program for Banistmo with the support of IDB Invest and Panama’s National Government, with the objective of guaranteeing Banistmo’s existing portfolio loans and the new loans issued by Banistmo to the tourism sector nationwide. IDB Invest shall provide a guarantee of up to USD 31 million to support Banistmo in reducing its portfolio risk by expanding its capacity to generate new productive loans supporting the economic recovery of the sector. The program will also be partially guaranteed by the Panamanian National Government. The Project involves establishing a risk mitigation guarantee program for Banistmo with the support of IDB Invest and Panama’s National Government, with the objective of guaranteeing Banistmo’s existing portfolio loans and the new loans issued by Banistmo to the tourism sector nationwide. IDB Invest shall provide a guarantee of up to USD 31 million to support Banistmo in reducing its portfolio risk by expanding its capacity to generate new productive loans supporting the economic recovery of the sector. The program will also be partially guaranteed by the Panamanian National Government.
Cartones Villa Marina S.A. The purpose of this IIC operation is to provide CARVIMSA with financing for working capital in order to meet its current needs and support its future expansion plans.CARVIMSA is part of Grupo Comeca. It began operations in 1997 and its main line of business is manufacturing, marketing, and distributing folding and ready-to-use crates made of corrugated cardboard and linerboard, and paper from its own mill. It serves such sectors as agribusiness, fisheries, textiles, pharmaceuticals, and food and beverages.Since 2001 it has had an ISO 9001-certified quality management system, which allows for the ongoing improvement of its industrial processes. The purpose of this IIC operation is to provide CARVIMSA with financing for working capital in order to meet its current needs and support its future expansion plans.CARVIMSA is part of Grupo Comeca. It began operations in 1997 and its main line of business is manufacturing, marketing, and distributing folding and ready-to-use crates made of corrugated cardboard and linerboard, and paper from its own mill. It serves such sectors as agribusiness, fisheries, textiles, pharmaceuticals, and food and beverages.Since 2001 it has had an ISO 9001-certified quality management system, which allows for the ongoing improvement of its industrial processes.
Mauá Water and Sanitation Fund IDB Invest is considering an investment of up to BRL 80 million in senior shares of FIDC Mauá Saneamento (the “Fund”), a credit rights investment fund to invest in credit transactions related to receivables arising from services rendered to basic sanitation concessionaires focused on projects seeking to reduce water leaks, energy efficiency and depollution of rivers. The Project aims at contributing to achieve universal access to basic sanitation services in Brazil. IDB Invest’s involvement is expected to help the Fund to reach the levels necessary for its investment strategy to be effectively implemented. In addition, IDB Invest will render advisory services to disseminate knowledge and strengthen practices related to energy efficiency, circular economy and corporate governance in the sector. IDB Invest is considering an investment of up to BRL 80 million in senior shares of FIDC Mauá Saneamento (the “Fund”), a credit rights investment fund to invest in credit transactions related to receivables arising from services rendered to basic sanitation concessionaires focused on projects seeking to reduce water leaks, energy efficiency and depollution of rivers. The Project aims at contributing to achieve universal access to basic sanitation services in Brazil. IDB Invest’s involvement is expected to help the Fund to reach the levels necessary for its investment strategy to be effectively implemented. In addition, IDB Invest will render advisory services to disseminate knowledge and strengthen practices related to energy efficiency, circular economy and corporate governance in the sector.
Financiera Efectiva S.A. (PE-L1163) <p>Financiera Efectiva S.A. (PE-L1163)</p> <p>Financiera Efectiva S.A. (PE-L1163)</p>
Banco PICHINCHA Peru This project involves the underwriting of subordinated bonds for up to US$13 million to be issued by Banco PICHINCHA via a private offering. The subordinated bond issue will have a 10-year term, with eight years grace. Proceeds from the subordinated bonds will be used to grow Banco PICHINCHA’s microfinance portfolio. Banco PICHINCHA is a financial institution chartered in Peru that belongs to Grupo Pichincha of Ecuador. It is a multipurpose bank with a small share—2.7%—of the Peruvian financial system, positioning it in seventh place. The Bank’s business model is based on products and services provided to four market segments: 45% small and medium-sized businesses; 31% consumption (geared toward low- and medium-income segments); 15% mortgages; and 9% microenterprises.IDB Invest’s commitment to purchase the bonds would be subject to certain conditions, including the company agreeing to comply with IDB Invest environmental and social policies while IDB Invest holds the securities. This project involves the underwriting of subordinated bonds for up to US$13 million to be issued by Banco PICHINCHA via a private offering. The subordinated bond issue will have a 10-year term, with eight years grace. Proceeds from the subordinated bonds will be used to grow Banco PICHINCHA’s microfinance portfolio. Banco PICHINCHA is a financial institution chartered in Peru that belongs to Grupo Pichincha of Ecuador. It is a multipurpose bank with a small share—2.7%—of the Peruvian financial system, positioning it in seventh place. The Bank’s business model is based on products and services provided to four market segments: 45% small and medium-sized businesses; 31% consumption (geared toward low- and medium-income segments); 15% mortgages; and 9% microenterprises.IDB Invest’s commitment to purchase the bonds would be subject to certain conditions, including the company agreeing to comply with IDB Invest environmental and social policies while IDB Invest holds the securities.
Sustainable Financing with Banco de Machala The operation consists of a senior secured loan of up to US$ 15 million to be funded by IDB Invest (the "IDB Invest Loan"), and a parallel loan of up to US$15 million to be funded by co-lenders (the "Parallel Loan" and together with the IDB Invest Loan, the "Loan"). The Loan is expected to have a term of up to five years with semi-annual principal and interest amortization payments. The proceeds of the Loan will be used to promote the growth of Banco de Machala’s green, blue and food production credit portfolio in Ecuador.The Project team will support Banco de Machala through advisory services to enhance its sustainability strategy across two key pillars: (i) defining a decarbonization strategy, this strategy will align with the principles of the Net Zero Bank Alliance, to align their portfolios to zero emissions by the year 2050, and (ii)developing a strategy to promote sustainable and equitable food systems through tailored financial instruments and suitable KPIs aligned with best practices. The operation consists of a senior secured loan of up to US$ 15 million to be funded by IDB Invest (the "IDB Invest Loan"), and a parallel loan of up to US$15 million to be funded by co-lenders (the "Parallel Loan" and together with the IDB Invest Loan, the "Loan"). The Loan is expected to have a term of up to five years with semi-annual principal and interest amortization payments. The proceeds of the Loan will be used to promote the growth of Banco de Machala’s green, blue and food production credit portfolio in Ecuador.The Project team will support Banco de Machala through advisory services to enhance its sustainability strategy across two key pillars: (i) defining a decarbonization strategy, this strategy will align with the principles of the Net Zero Bank Alliance, to align their portfolios to zero emissions by the year 2050, and (ii)developing a strategy to promote sustainable and equitable food systems through tailored financial instruments and suitable KPIs aligned with best practices.
Constructora Capital Bogotá <p>Constructora Capital Bogotá</p> <p>Constructora Capital Bogotá</p>
Grupo Finterra S.A. de CV The goal of this financing by the IIC is to support Grupo Finterra S.A. de C.V.’s lending activities through a medium-term loan in local currency. Grupo Finterra S.A. de C.V. works mainly with small and medium-size agricultural enterprises. The goal of this financing by the IIC is to support Grupo Finterra S.A. de C.V.’s lending activities through a medium-term loan in local currency. Grupo Finterra S.A. de C.V. works mainly with small and medium-size agricultural enterprises.
Portland - Covid19 Facility IDB Invest is considering a US$10 million senior loan facility to Portland Caribbean Fund II (“PCF II” or the “Fund”) to provide support for its portfolio companies impacted by the COVID-19 crisis (the “Facility”). The Facility will have a 3.5-year life to coincide with the remaining life of the Fund. PCF II is a 2014 vintage private equity fund, concentrating on growth equity in the Caribbean. IDB Invest is an existing limited partner in the Fund. The Fund has been fully invested in 10 investments diversified across several industries and countries in the region. The severe economic impact of the pandemic on these largely tourism and commodity dependent economies has decimated traditional funding sources. The proceeds of this senior facility will be used to cover working capital needs due to reduced economic activity, finance capital expenditure required to conform to new regulations associated with physical distancing protocols, provide funding for the restart of operations post-pandemic, and improve sustainability and resiliency in the region. The Facility will serve to defend value built in the Fund’s portfolio, and indirectly protect the approximately 20,000 employees of the Fund’s portfolio companies. IDB Invest is considering a US$10 million senior loan facility to Portland Caribbean Fund II (“PCF II” or the “Fund”) to provide support for its portfolio companies impacted by the COVID-19 crisis (the “Facility”). The Facility will have a 3.5-year life to coincide with the remaining life of the Fund. PCF II is a 2014 vintage private equity fund, concentrating on growth equity in the Caribbean. IDB Invest is an existing limited partner in the Fund. The Fund has been fully invested in 10 investments diversified across several industries and countries in the region. The severe economic impact of the pandemic on these largely tourism and commodity dependent economies has decimated traditional funding sources. The proceeds of this senior facility will be used to cover working capital needs due to reduced economic activity, finance capital expenditure required to conform to new regulations associated with physical distancing protocols, provide funding for the restart of operations post-pandemic, and improve sustainability and resiliency in the region. The Facility will serve to defend value built in the Fund’s portfolio, and indirectly protect the approximately 20,000 employees of the Fund’s portfolio companies.
Cafe Britt Periodically renewable medium-term funding granted by the IIC will enable Café Britt to cover current and future permanent working capital needs, particularly with respect to inventory. This financing will also supplement Café Britt’s local short-term lines, facilitating the consolidation of its operations in the different markets where it operates. Café Britt is a company that dates back to 1985 when it began operations in Costa Rica. In the last decade, in addition to having consolidated the quality of its principal original products (gourmet coffee and chocolates) internationally, Café Britt has expanded a successful business model of tourist and airport shops, focusing on diversifying and offering locally authentic, value added products at each point and in each country where it operates. Periodically renewable medium-term funding granted by the IIC will enable Café Britt to cover current and future permanent working capital needs, particularly with respect to inventory. This financing will also supplement Café Britt’s local short-term lines, facilitating the consolidation of its operations in the different markets where it operates. Café Britt is a company that dates back to 1985 when it began operations in Costa Rica. In the last decade, in addition to having consolidated the quality of its principal original products (gourmet coffee and chocolates) internationally, Café Britt has expanded a successful business model of tourist and airport shops, focusing on diversifying and offering locally authentic, value added products at each point and in each country where it operates.
Financiera de Occidente S.A. The project consists of a loan to Fidosa. The objective of this IIC operation is to support Fidosa’s efforts to increase its lending to small- and medium-sized enterprises in Guatemala for medium-term projects.Fidosa is a Guatemalan financial institution founded in 1991. It focuses on placing trust, mortgage, and pledge loans with terms of more than three years. It has solid and well-regarded experience managing trusts, private pension funds, real estate projects, and other investment types that require specialized financial services. It also has well-regarded experience in investment banking, including debt and equity restructuring, feasibility studies, business valuation, securitizations, and business strategy consulting.Fidosa is part of the Grupo Financiero de Occidente, a Guatemalan-owned group with which the IIC has had a business relationship for 15 years. The project consists of a loan to Fidosa. The objective of this IIC operation is to support Fidosa’s efforts to increase its lending to small- and medium-sized enterprises in Guatemala for medium-term projects.Fidosa is a Guatemalan financial institution founded in 1991. It focuses on placing trust, mortgage, and pledge loans with terms of more than three years. It has solid and well-regarded experience managing trusts, private pension funds, real estate projects, and other investment types that require specialized financial services. It also has well-regarded experience in investment banking, including debt and equity restructuring, feasibility studies, business valuation, securitizations, and business strategy consulting.Fidosa is part of the Grupo Financiero de Occidente, a Guatemalan-owned group with which the IIC has had a business relationship for 15 years.
Desarrollos Hoteleros Guanacaste <p>Desarrollos Hoteleros Guanacaste</p> <p>Desarrollos Hoteleros Guanacaste</p>
Megacable The transaction consists of a revolving, uncommitted credit facility to be provided by IDB Invest to Megacable Holdings S.A.B. de C.V. and its subsidiaries (“Megacable”), for an amount of US$20million (the “Transaction”). IDB Invest will purchase from and discount to the supplier’s credit rights payable by Megacable, previously confirmed by the latter, through an eligible electronic platform.Megacable is a Mexican cable operator and provider of internet and phone service. Its supply pool in Mexico is comprised of over 5,000 suppliers, mostly Micro, Small, and Medium-sized Enterprises (MSMEs).Through this Transaction, IDB Invest seeks to facilitate access to financing to Megacable’s MSMEs suppliers in Mexico, through the discount or monetization of credit rights arising from the sale of goods and/or services of MSMEs suppliers to Megacable. The transaction consists of a revolving, uncommitted credit facility to be provided by IDB Invest to Megacable Holdings S.A.B. de C.V. and its subsidiaries (“Megacable”), for an amount of US$20million (the “Transaction”). IDB Invest will purchase from and discount to the supplier’s credit rights payable by Megacable, previously confirmed by the latter, through an eligible electronic platform.Megacable is a Mexican cable operator and provider of internet and phone service. Its supply pool in Mexico is comprised of over 5,000 suppliers, mostly Micro, Small, and Medium-sized Enterprises (MSMEs).Through this Transaction, IDB Invest seeks to facilitate access to financing to Megacable’s MSMEs suppliers in Mexico, through the discount or monetization of credit rights arising from the sale of goods and/or services of MSMEs suppliers to Megacable.
Credife - Micro-enterprises Financing Partnership <p>Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website.</p> <p>Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website.</p>
SME Financing Agreement with Banco Promerica Guatemala The proposed transaction consists of unsecured financing to Banco Promerica S.A. -Guatemala- (“BPGT” or the “Bank) denominated in US dollars (“US$”) for up to US$25 million; to be financed by IDB Invest (the “Project”). The Project’s objective is to assist BPGT to improve access to funding for small and medium-sized enterprises (“SMEs”) and contribute to the growth of its “green financing” portfolio. The Project will be supported by technical assistance which will focus on the mentioned “green financing” portfolio. The proposed transaction consists of unsecured financing to Banco Promerica S.A. -Guatemala- (“BPGT” or the “Bank) denominated in US dollars (“US$”) for up to US$25 million; to be financed by IDB Invest (the “Project”). The Project’s objective is to assist BPGT to improve access to funding for small and medium-sized enterprises (“SMEs”) and contribute to the growth of its “green financing” portfolio. The Project will be supported by technical assistance which will focus on the mentioned “green financing” portfolio.
Financiera Nicaragüense de Desarrollo S.A. The proposed project consists of a long-term loan of up to US$3,000,000 to Financiera Nicaragüense de Desarrollo S.A. The loan proceeds will be used to finance micro, small and medium-size Nicaraguan enterprises that require short- and medium- term funds to finance working capital and/or the acquisition of fixed assets or machinery. The proposed project consists of a long-term loan of up to US$3,000,000 to Financiera Nicaragüense de Desarrollo S.A. The loan proceeds will be used to finance micro, small and medium-size Nicaraguan enterprises that require short- and medium- term funds to finance working capital and/or the acquisition of fixed assets or machinery.
DEVELOPING THE BASE OF THE PYRAMID'S PRODUCTIVE <p>Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website.</p> <p>Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website.</p>
Bac San Jose - Sustainable Loan <p>Bac San Jose - Sustainable Loan</p> <p>Bac San Jose - Sustainable Loan</p>
Promigas Covid-19 Working Capital Loan <p>Promigas Covid-19 Working Capital Loan</p> <p>Promigas Covid-19 Working Capital Loan</p>
Banco Rabobank International Brasil S.A. <p>Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website.</p> <p>Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website.</p>
COOPAC Pacífico Subordinado The financing consists of an A/B subordinated loan for up to US$20 million to Cooperativa de Ahorro y Crédito Pacífico (“Pacífico”) with a tenor of up to 6.5 years with repayment in a single bullet repayment at maturity. The A/B loan is expected to be comprised as follows: (i) an IDB Invest subordinated A Loan of up to US$5 million (ii) and IDB Invest B Loan of up to US$15 million to be funded by one or more participants. The purpose of this financing is to strengthen Pacifico’s capital base and support its growth strategy in micro and small enterprises and social housing.Pacífico is a credit union founded in Lima, Peru, on August 28, 1970. Its objective is to promote the economic and social development of its members and the community at large, through self-help and mutual aid, by fostering cooperative education, the principles and values of cooperative enterprise, and social inclusion. Pacífico was founded with contributions from members of the Japanese community in Peru, and during its early years offered financial services primarily to the country’s Nikkei populations. It is now open to any Peruvian citizen. The financing consists of an A/B subordinated loan for up to US$20 million to Cooperativa de Ahorro y Crédito Pacífico (“Pacífico”) with a tenor of up to 6.5 years with repayment in a single bullet repayment at maturity. The A/B loan is expected to be comprised as follows: (i) an IDB Invest subordinated A Loan of up to US$5 million (ii) and IDB Invest B Loan of up to US$15 million to be funded by one or more participants. The purpose of this financing is to strengthen Pacifico’s capital base and support its growth strategy in micro and small enterprises and social housing.Pacífico is a credit union founded in Lima, Peru, on August 28, 1970. Its objective is to promote the economic and social development of its members and the community at large, through self-help and mutual aid, by fostering cooperative education, the principles and values of cooperative enterprise, and social inclusion. Pacífico was founded with contributions from members of the Japanese community in Peru, and during its early years offered financial services primarily to the country’s Nikkei populations. It is now open to any Peruvian citizen.
Generadora San Mateo S.A. GSM is a Guatemalan company created in 2012 for the development, construction and operation of a run-of-river hydropower project with an estimated capacity of 20 MW, located in the municipality of Ixquisis, Department of Huehuetenango, Guatemala. The project will use the waters of the Negro and Pojom rivers, and it is expected it will generate around 120,087 MWh annually, using two Pelton Turbines of 10 MW each. IIC funding will be used for the construction of the project. GSM is a Guatemalan company created in 2012 for the development, construction and operation of a run-of-river hydropower project with an estimated capacity of 20 MW, located in the municipality of Ixquisis, Department of Huehuetenango, Guatemala. The project will use the waters of the Negro and Pojom rivers, and it is expected it will generate around 120,087 MWh annually, using two Pelton Turbines of 10 MW each. IIC funding will be used for the construction of the project.