devinitorg/iati-policy-markers huggingface dataset:
DCM Solis FIDC The proposed project consists of an investment in senior quotas of FIDC Tradepay Varejo I (Tradepay or the Fund), a short-term, non-recourse, virtual credit card receivables fund managed by Solis Investimentos (Solis or the Fund Manager) in Brazil (the Project). Tradepay exclusively finances Trademaster (TM), a Fintech/Tradetech payment/settlement platform for the Brazilian retail sector interacting with large consumer product companies. IFC anticipates that the Project will contribute to increasing access to finance for MSME buyers engaged in short-term supply chain finance and which are obligors to the Fund. Brazil's low credit penetration is attributable to structural issues in the banking sector; concentration, high degree of state intervention, high interest rates, etc., which all contribute to a lack of innovation and incentives to go down the market to reach MSMEs. The Project is expected to contribute to the improvement of access to finance for MSME retailers, as it supports a financing structure that improves financing terms at which MSME retailers acquire merchandise from large corporates in Brazil. 

IFC expects that the Project will further contribute to a greater market competitiveness by increasing the offer from alternative lenders in the MSME financing segment, while deepening the local debt markets via the diversification of the FIDC market. The Project will ultimately contribute to an improved availability of financing options for MSMEs.
Affero Lab Project Affero Lab Participações S.A. (Affero Lab or The Company), a Brazilian education company and the leader in the corporate training market in Brazil, provides training solutions for corporations through Business to Business (B2B) model. It was formed in 2013 through the merger of the two largest companies in the corporate education sector in Brazil, Affero, which was specialized in online training, content and knowledge management, and Lab SSJ, whose expertise was classroom/instructor led training.  Affero Labs is undertaking a 5-year Investment Plan (the Project), which comprises organic growth and expansion of current operations and the development of new vertical partnerships. In addition, potential acquisitions in the domestic and international markets are also a possibility but will depend on asset availability and valuation. (i) Bridge the gap between employers' needs and employees' skills: one of employers' biggest criticisms is the gap between the formal education system and what the real needs are in the work place. Corporate training is a way to bridge the gap between the two, also allowing employees a better and faster integration within their companies. (ii) Foster companies' competitiveness and promoting higher standards: Corporate training is already a very common practice in developed countries and is viewed as an enhancement of employees' skills, allowing for more productivity. (iii) Improvement of employees' qualifications, chances to progress or finding new opportunities: corporate training improves skills that are invaluable on the job, allowing employees to progress further internally but that can also be marketable, improving their desirability in case they need to look for new job opportunities. (iv) Rationalize the market: Affero Lab's expansion through selective acquisitions and growing market share may help to consolidate the very fragmented market of corporate training, potentially leading to rationalization and quality improvement in the industry.  (v) Potential South-South investment: Affero Lab's expansion may include potential investments in Latin America and Africa.
Eurofarma Project The proposed investment entails an up to US$150 million A loan and an up to US$100 million B loan to Eurofarma Laboratórios S.A. (Eurofarma or the Company), a life science manufacturing company headquartered in Brazil with presence across Latin America. The proceeds will be used to fund i) the construction of a greenfield pharmaceutical manufacturing plant in Montes Claros, Brazil to produce oral solids and antibiotics; and (ii) the equipment needed to do the fill and finish of the Pfizer COVID-19 vaccine in Brazil (both investments together are defined as the Project).  Eurofarma was founded in Sao Paulo, southeast of Brazil, in 1972 as a family business and has grown rapidly to become a regional manufacturer of prescription drugs, generic drugs and medicine solutions to public and private hospitals. The most significant, expected project-level outcome is an increase in access to vaccines and oral solids and antibiotics. Beyond the Project, IFC anticipates that its financing could support greater market resilience as spillover effects accrue to the healthcare supply chains in these markets.
TSSA New Berth The Project is to refurbish and expand Tecon Salvador S.A.s (TSSA) container terminal inside the Port of Salvador, which is located in the state of Bahia in North East Brazil. The Project includes (i) the refurbishment of 2 berths with a combined total length of 617 meters; (ii) the installation of three Post-Panamax Ship-to-Shore cranes and six Rubber Tyred Gantries Cranes; (iii) the refurbishment of existing buildings and expansion of the container yard from 58.7 hectares to 95.2 hectares; and (iv) the development of supporting electrical infrastructure. Upon completion, the terminals container handling capacity will increase from 250,000 twenty foot equivalent container units (TEUs) to 500,000 TEUs. The Project will help strengthen the port sector in Brazil by increasing container handling capacity at the Port of Salvador, which is critical to enabling further trade growth for Northeast Brazil and to strengthening Bahia's position as an investment destination. The Project will also create direct and indirect employment opportunities and increase revenues for the Government of Brazil through increased economic activity and higher tax payments, custom duties, and lease payments.
DCM Itau Social The proposed investment (the Project) consists of the subscription by IFC of a 3.3-year senior social unsecured bond to be issued by Itaú Unibanco S.A. (Itaú or the Bank) through a local financial instrument denominated Letra Financeira (LF), up to the equivalent in Brazilian Real (BRL) of US$200 mm. Itaú will also do its best efforts to issue additional senior social unsecured bonds up to the equivalent in Brazilian Real (BRL) of US$200 mm, to be subscribed by additional investors. The LFs will be issued under Itaús Sustainability Finance Framework and will support the Banks lending program to Women-Owned micro, small and/or medium enterprises (WMSMEs) with a 10% carveout to the WMSMEs located in the underserved regions of the North and Northeast of Brazil. The most significant, expected Project-level outcome is increased access to finance for WSMEs, in particular women entrepreneurs located in the North and Northeast regions of Brazil. Beyond the Project, IFC anticipates that the engagements with the largest bank in Brazil will promote greater market inclusiveness by encouraging other banks to increase their footprint in underserved regions and segments, as well as to issue gender-themed instruments to support WMSMEs.
BRASILFactors The project is a greenfield factoring company (the Company), to be established in Brazil, that will offer domestic and cross border receivables financing and complementary services to Brazilian corporates and small and medium-sized companies. (i) To promote SME financing, particularly for the lower-end SME segment that is less sophisticated and has more limited access to funding; and (ii) to improve the business enabling environment - factoring in Brazil is an unregulated industry with mostly unsophisticated players who, oftentimes, promote informal practices. The project will support the creation of a world-class factoring company that can become a highly visible industry player and an industry benchmark for best practices.
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         Mandae Technologies (Mandae or the Company) is an e-logistics software company that helps small-and medium-sized e-commerce companies obtain more affordable and efficient shipping services. The Company, headquartered in Sao Paulo, Brazil, was founded in 2014 by entrepreneurs Marcelo Fujimoto and Karim Hardane. The proposed IFC investment (Project) consists of up to US$2.5 million in equity for a minority stake to support Mandaes expansion to other cities across Brazil. -	Support the Growth of SMEs: Mandae's services supports the development of SMEs by reducing their freight costs. As the Company grows, it expects to positively impact hundreds of more SMEs across brazil. 
-	Employment Generation: The Company currently employs 74 people in its direct operations. It intends to keep growing its business and is expected to further increase its workforce over time.
Unibanco Trade Finance Facility Unibanco is currently the fourth largest private bank in Brazil with R$59.0 billion of assets, and has shareholders equity of approximately R$6.3 billion (both figures as of March 31, 2002).  Its four main lines of business are wholesale banking, retail banking, insurance and related activities, as well as asset management. The bank serves over 13.5 million customers.     The project is in response to Brazil''s need for trade finance at a time of global risk aversion and severe market illiquidity in Brazil. In this environment, fast-moving multilateral initiatives like the proposed TFF have an important role to play not only in providing needed financing to the country, but in buttressing investor sentiment for Brazil.     The B Loan will allow international banks, that currently have trade-related exposure to Unibanco, to keep their lines outstanding to the bank, rather than withdrawing them due to short-term Brazil exposure concerns. Such a B Loan initiative would complement efforts on the part of Brazilian banks and the government to persuade international lenders to leave in place lines currently outstanding to Brazilian financial institutions.     The project would also be complementary to policy initiatives, reportedly being mulled by other multilaterals such as the IMF, to address the current severe pullback of bank lines to Brazil.
Anima Growth Founded in 2003, GAEC Educação S.A. (also known as Anima or the Company) is a publicly-listed Brazilian education company that operates private universities, executive education, and distance learning in various segments and regions of the national market. Its geographic focus for on-campus education is southeastern Brazil, principally the states of São Paulo and Minas Gerais, but some of its businesses and products are national in nature. As of August 2015, it had 16 campuses under different brand names in different cities serving approximately 86,000 students. Their higher education brands are UNA, UniBH, Unimonte, and Universidade São Judas Tadeu. In addition, Anima provides continuing and executive training through its brand HSM, and it is starting its distance learning programs under the brand UNA Virtual, already serving 384 students as of June 2015. The investment project with IFC intends to support the companys expansion plans. - Raise quality standards: Strengthening the Company''s position as a leading education company thriving for quality education will continue to put pressure in other institutions to raise the quality of their services in order to remain competitive; and - Rationalize the market: The expansion of the Company through growing organically market share and selective acquisitions may help to consolidate the still fragmented education sector, potentially leading to rationalization and quality improvement in the industry, especially in Anima''s areas of influence (Minas Gerais and Sao Paulo).
Neo Gas Project NEOgas do Brazil (NEOgas or the Company) is a leading provider of off-pipeline natural gas solutions in Latin America. The Company is utilizing its own proprietary equipment design and technology and operates in Brazil, Peru, Mexico and Colombia where it supplies CNG by trailers in remote areas that are not serviced by the existing gas pipelines. The Company is seeking financing to fund its capital expenditure program that includes acquisition of additional new equipment to support growth in the markets where it currently operates. Climate change mitigation: NEOgas'' primary business is the distribution of natural gas to areas where it is otherwise unavailable, resulting in the displacement of competing fuels such as fuel oil, gasoline and diesel, which are more polluting and with a much higher carbon impact per energy unit.  Improved competitiveness of local companies located in frontier areas that are not serviced by the existing gas pipelines: NEOgas provides off-pipeline natural gas solutions to vehicular and industrial customers utilizing a proprietary technology that reduces capital and operational expenses to its customers: the average annual energy cost savings for industrial customers range from 40-60% depending on the location. Job creation: expansion of NEOgas operations will create quality employment opportunities in Peru, Brazil, Mexico and Colombia. Private sector development: the proposed Project will promote private sector participation in the regional natural gas distribution sector that is dominated by state owned companies in Brazil, Mexico and Colombia.
Phoenix Tower B4 Phoenix Tower do Brasil (PTB or Phoenix or the Company), an existing IFC investee company, has invited IFC to upsize its senior secured loan exposure from BRL150 million (~US$40 million) to BRL225 million (~US$60 million) to fund the expansion of its operations in Brazil.    Having recently acquired a competitor in Brazil, K2 Towers Brazil, the Company is seeking to future-proof its operations to meet the coverage densification requirements for Fourth Generation (4G) and future generations through small cells.  The Company is also planning to build new Built-to-Suit (BTS) towers to meet the network expansion requirements of mobile network operators in Brazil (the Project).    IFCs interest in the IFCs interest in the Project is premised not just on supporting the growth of a performing client with a solid operational track-record, but also future-proofing Phoenix for the coverage densification required for the deployment of 4G and future generation networks in Brazil. Enhanced and expanded mobile telecommunications access: This Project expands tower sharing and enables mobile operators and internet service providers to share infrastructure cost and improve the quality and reach of their networks. In particular, the expansion will be achieved through the deployment of BTS sites for traditional coverage as well as small cell infrastructure which is an innovative technology in its nascent stage that brings better coverage to support data traffic in high density areas such as office towers and shopping malls. 

Expanded access to ICT technologies: The expected impact is on market competitiveness by supporting the growth of a second-tier provider deploying the innovation of small cell infrastructure that could potentially advance the market by pushing the incumbents to adopt the technology. While the tower sharing economy is moderately developed in Brazil with about 75,000 cell sites and 60,000 base stations deployed in Brazil with about 65% of the towers being independently owned, the tower sharing market is dominated by 3 large players who do not seem to be deploying the towers that are needed to support the higher data traffic densities required for 4G and 5G, or to be investing in small cell technology.
DARP-SFP Pactual The Project (DARP-SFP Pactual)consists of establishing a platform with the objective of acquiring and servicing pool of non-performing loans in Brazil (the Platform). Recovery do Brasil, S.A. (the Company or Recovery), market leader in asset resolution, will service the NPL portfolios acquired by the Platform. (i) Market development: The successful implementation of the project could spark the interest of other market players and evolve into a common practice.  Furthermore, this could become an important stabilization mechanism for the Brazilian financial sector; 
(ii) Best practices: As part of the project IFC would promote international insolvency standards, creditors' rights and collection practices for the resolution of the distressed assets; and

(iii) Market transparency: Through this project, IFC would be helping to assign a market value to a NPL portfolio.  If successful, the proposed project has the potential to be replicated by other entities in Brazil, increasing this way the level of transparency of financial institution's balance sheets.
CANARY IV, L.P. The proposed Project is for an equity investment of up to US$15 million into Canary IV, L.P. (the Fund, Fund IV). The Fund will primarily concentrate on investing in Brazilian technology companies at pre-Seed and Seed stages. The Fund is expected to increase access to early-stage venture capital financing and value creation services for technology startups in Brazil and Latin American and the Caribbeans (LAC) region, resulting in business growth. A material share of investees is expected to have a woman co-founder, thereby addressing gender divides. The project is also expected to strengthen market integration in the traditional real and financial sectors in Brazil, through the expansion of investees with disruptive business models, via demonstration and replication and/or competition and innovation channels.
DARP SPV Jive The proposed project entails investing in the Brazilian distressed assets market in partnership with Jive Investments Consultoria Ltda (Jive or the Company). The project will consist of an investment in a special purpose vehicle, to be established by Jive and IFC, to acquire distressed assets (DARP SPV Jive) (the Project) -	Stakeholders impact: The project will support the acquisition and resolution of Target Assets in Brazil, by allowing financial institutions to offload distressed assets. This will allow them to release capital, decrease their liquidity needs, which will strengthen the capacity of these financial institutions to increase lending. It will also help Brazilian borrowers normalized their defaulted obligations, regain access to credit, and return to active participation in the financial system. The Project will also support SMEs, many times in financial distress, by acquiring their existing legal claims and precatÃ³rios. By acquiring these assets directly from SMEs, the Project will provide immediate liquidity to them.
-	Market impact: IFC expects the Project will contribute to the further development of the Brazilian distressed assets market by supporting Jive, which serves the Target Assets that are not currently actively resolved in the market in an efficient manner.
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         The project comprises of the development, construction, operation and maintenance of a 1,298 MW gas-fired combined cycle power plant to run on gas supplied from a liquefied natural gas (LNG) import terminal (the Terminal), both located in Açu Port in Brazil. In addition, the interconnection of the power plant to the existing electricity transmission network is also part of the scope (all together, the Project).  UTE GNA I Geração de Energia S.A. (UTE GNA I) is the special purpose vehicle (SPV) established to undertake the Project, which will sell its capacity and energy under regulated power purchase agreements (PPAs) executed with 36 distribution companies. These PPAs were originally awarded by way of a competitive bid held in 2014 to Bolognesi Group and were fully transferred to the Project in late 2017. 
       
       
         A second SPV, UTE GNA II Geração de Energia Ltda (UTE GNA II), was formed to develop, construct, operate and maintain a 1,673 MW  gas-fired combined cycle power plant, which will also source its gas from the Terminal. The PPAs were awarded to UTE GNA II in a competitive public bid held in December 2017. (i) Development of the LNG-to-Power Industry, promoting long-term energy diversification and providing energy security. Brazil's power generation is in excess of 70% comprised of renewable sources and the Project will (a) complement the variability in renewable power generation towards providing higher reliability of supply, and (b) provide a basis to promote incremental supply of renewable energy within the Brazilian power sector; (ii) provide dispatchable thermal generation capacity, improving sustainable natural resource management and climate resilience; (iii)  along with CELSE LNG-to-Power project and AES Colon in Panama, demonstration effect by successfully financing the first three large-scale LNG-to-Power projects in Emerging Markets; (iv) establish privately run regional natural gas hubs which will enable increased industrial usage of natural gas and promote switching from more carbon intensive fuel usage; and (v) in the longer term, create the likelihood for better utilization of associated gas produced from the deep offshore Campos Basin fields.
GOL Project GOL Transporte Aereos S.A. (GOL or the company) is headquartered in Sao Paulo, Brazil, and is the only low-fare, low-cost airline providing frequent services on routes connecting all of Brazils major cities. The Companys strategy is to grow its business by popularizing air travel, stimulating and meeting demands for affordable and convenient air travel in Brazil and between Brazil and other South American destinations for both business and leisure passengers. It currently offers over 470 daily flights to 49 major business and travel destinations in Brazil, Argentina, Bolivia, Paraguay and Uruguay. GOLs long-term business objective is to bring affordable air travel to all significant destinations in South America.   The IFC project is a $50 million corporate loan to the Company for the financing of spare parts and working capital. Affordable and efficient airline services are vital in Brazil, given the size of the country and its inadequate rail transportation infrastructure. However, historically high domestic fares in Brazil have reserved the aviation market for a small segment of the Brazilian population. Gols entry into the market has lowered the costs of air travel in Brazil to both business and leisure travelers, and has thus made air transportation accessible to the general population. Gol is now extending the benefits of low cost travel to other regional destinations including Argentina, Bolivia, Uruguay and Paraguay. Gols low-cost model will also contribute to making the industry more competitive and more efficient.