devinitorg/iati-policy-markers huggingface dataset:
Fundacion Cardio Fundacion CardioVascular (FCV) is building a 468 bed high quality complex in the outskirts of Bucaramanga (Floridablanca) as part of a 10 year expansion plan. This hospital will increase FCVs current health offering; they operate 623 beds in 4 different cities of Colombia (Bucaramanga, Manizales, Ibague and Santa Marta). This new hospital will not replace the existing one but rather add new beds and medical specialties to FCV. The design of the hospital will be at the level of the best hospitals in Latin American and worldwide, and will have the latest technology in medical equipment.    The project fit with IFCs LAC strategy to support health care in the region through increasing access to high-quality health (especially for lower income groups), improving standards of quality and efficiency, facilitating the exchange of best practices, and creating jobs for skilled professionals. Aside from fulfilling these requirements, this project also fits with the Government of Colombias (GoC) priority to increase the provision of health services. (i) High quality health coverage in an underdeveloped region: Colombia overall has 10 beds per 10,000 inhabitants, low as compared to Argentina and Brasil.  This low coverage is even less in remote regions, such as the ones FCV is targeting; Santander, coffee region and the Atlantic coast. (ii) Availability of hospital infrastructure for population for some frontier regions of Colombia (Norte Santander, Guajira, Magdalena, Cordoba, Choco),  (iii) Best practices redeployment in a network of smaller hospitals: FCV has JCI accreditation for its main hospital in Bucaramanga and plans to expand this standard to the new project as well to the hospitals under management. (iv) Improving coverage: FCV has a track record of operating 4 hospitals in different cities of Colombia and plans to continue expanding its network.
CFBond Project The proposed project consists of subscribing senior bonds to Creditos y Ahorro Credifinanciera S.A.  (Credifinanciera or the Company) for up to COP 35,000 million (approximately US$11 million) to support the growth of the Companys microenterprise and pensioners loan portfolio. IFCs financial support and mobilization efforts should send a positive signal to the market, as it would provide medium-to-long term financing through a bond issuance aimed at targeted institutional investors, ultimately deepening financial and capital markets in Colombia (the Country). The most significant, expected project-level impacts are derived from (i) increased access to finance to underserved and vulnerable segments of the population in Colombia comprising pensioners and microentrepreneurs; and (ii) providing access to the domestic bond markets to Credifinanciera, changing significantly its ability to obtain long term financing. 
Beyond the project-level impact, IFC anticipates that the project will promote the development of an alternative bond market in Colombia allowing medium sized companies to have access to bonds and consequently deepening the capital markets locally. Additionally, the project will promote the market adoption of a business model that effectively provides access to finance to the elderly, an underserved and fragile group countrywide.
Giros y Finanzas Compania de Financiamiento Comercial S.A. Giros y Finanzas (GyF or the company) is a Colombian financial institution based in Cali, Colombia. The company offers financial services under five business lines:  - distribution of remittances as agents of Western Union (with an 13% market share in Colombia); - foreign exchange operations;  - deposits;  -  maintaining a trading desk (investing excess cash to give liquidity to the institution); and  - lending.   In the latter, the company grants car loans, leasing, factoring, and other type of consumer loans to money remittance beneficiaries. The majority of this lending is directed to its own clientele, taking advantage of cross-selling opportunities. The development impact of IFCs financing to GyF is expected to be high, as it will support a financial institution that provides financing to the most underprivileged in the Colombian society. The beneficiaries of these loans will be low-income households, without access to any other source of formal financial services, who will use the funds to improve their living standards.   By supporting a well-run Colombian financial institution, IFC will improve the competitive landscape of a niche player and will help to improve its overall access to capital. The proposed project is expected to have the following development impact:   - Scaling up an existing financial institution:    This project involves scaling up a company that was originally created as a distributor of remittances and now wants to evolve into a finance company catering to the poor and low income population in Colombia. With an extensive outreach program planned IFCs financing will be leveraged to support credit growth in under served regions and if successful, it is expected that this model could be replicated in other countries.   - Extension of finance to previously underserved groups:   Low income households lack adequate sources of funding. IFCs investment will result in increasing the availability of financial services to this large, underserved group. By improving their living standards, IFC would help to reduce the inequality among the different segments of society and reduce poverty.
ASHMORE ANDEAN FUND II LP The project entails and IFC equity commitment of up to $25 million, not to exceed 20% of total commitments, in Ashmore Andean Fund II, LP (the Fund), a private equity fund that will make investments in middle market, infrastructure-related businesses primarily in Colombia. (i) Emerging market private equity industry development: Private equity remains an important source of capital and expertise, particularly for small- and mid-market businesses and projects that IFC cannot invest in directly. IFC continues to play an important role in catalyzing PE industries in its target markets by supporting early entrants into the space and by continuing to back those with sustainable and proven models. (ii) Economic development and job creation: The Fund will provide equity capital to help develop and grow businesses and projects in the region, which will help promote economic growth, regional and global competitiveness, sustainability, and job creation. (iii) Strengthening businesses:  The Fund will strengthen businesses from a financial, operational, management, and ESG perspective, thereby helping to make local projects attractive to foreign investors/acquirers, and encouraging further private investment in the region.
GFO Loan Project The proposed Project consists of a senior loan of up to US$5 million to Grupo factoring de Occidente (GFO or the Company), one of the first factoring companies established in Colombia.  The Project will allow the Company to continue providing liquidity to SMEs through factoring operations The Company currently seeks long-term funding to support the expansion plan for 2012-2013, and to diversify its funding sources. IFC''s long-term financing is expected to bring high development impact by: (i) enhancing GFO''s capacity to support productive small and medium enterprises, resulting in higher growth, employment generation and poverty reduction; (ii) creating a demonstration effect for other non regulated financial institutions in Colombia by bringing best practices in both insurance and SEMS to GFO; and (iii) disseminating IFC''s global knowledge and expertise in SME products.
Vatia S.A. ESP The proposed investment consists in an up to US$10.0 million investment in the form of preferred equity in Vatia S.A  E.S.P (Vatia or the Company), a Colombian electricity retailer / aggregator and a syndication of up to US$40 million in senior debt from local banks. The proceeds will allow Vatia to acquire 37MW of solar assets and provide equity to increase its trading and commercialization activities (the Project) Project-level Outcomes- The Project  is expected to improve energy affordability to end-users as large utility companies tend to charge undifferentiated rates or capacity charges to their clients. On the other hand, retailers tend to provide customized offers, which can initiate a change in consumption patterns such as higher off-peak consumption. Off-peak consumption reduces the need for total peak capacity in the country, eventually decreases the need for standby thermal plants, and thereby reduces the associated charges included in end-user tariffs. IFC  also expects the Project to support the country's climate mitigation agenda by improving access to cleaner energy more competitively and efficiently, thereby displacing high polluting, inefficient, and more expensive thermal generation and hence reduce associated carbon emissions.

Contribution to Market Creation- IFC's support to Vatia is expected to demonstrate energy retail companies like Vatia (beyond the incumbent large utility companies) can act as off-takers to renewable energy projects outside of the auction schemes, providing competition on price and service quality on the customer side, while reconciling the long-term certainty needs of renewable energy developers with the short-term certainty needs of end-customers. This is expected to promote renewable energy penetration and hence contributing towards the  country's energy supply diversification.
El Dovio Project The El Dovio project (El Dovio or the project) is a very early exploration stage project located in western Colombia between the municipalities of El Dovi and Sipi. The Project combines five exploration licenses registered in the name of Corporacion Minera de Colombia (CMC), a wholly owned subsidiary of Colombian Mines. To date, Colombian Mines has invested around US$2.5 million in exploration activities at El Dovio, including geochemical and geophysical surveys, trenching and channel sampling. The Company also recently initiated a phase I drilling program, which consisted of 1,500 meters (10 drill holes). Initial assay results have produced high grade copper and gold intercepts, including 6.9 meters at 5.9 g/t gold and 5.9% copper. It is anticipated that an initial mineral resource could be prepared by mid-2014, with a Preliminary Economic Assessment (PEA) by quarter 4 of 2014. Generally, exploration projects have limited development impact but even at this early stage, the proposed investment has shown tangible benefits to the surrounding communities by generating local employment for people in poor parts of western Colombia. The project is also expected to help underline the imporatnce of invigorating the mining sector in Colombia. Expected development impacts during the production phase will include: (i) Local economic develoment in a poor part of Colombia through the generation of direct and indirect employment opportunities. (ii) Fiscal receipts in the form of taxes, royalties, foreign exchange and diversification of the domestic economy. (iii) Community investment programs / possible AS interventions.
DCM B Bogota B3T2 The Project consists of the subscription of a 10-year Basel 3 Tier II (B3T2) sustainable bond to be issued by Banco de Bogota S.A. (Banco de Bogota or the Bank). The Project is expected to be supported by the Market Accelerator for Green Construction (MAGC) Program as described in the Blended Finance Section below. The most significant, expected Project-level outcome is improved access to finance for low-income social housing (including female-headed social households), micro, small and medium enterprises or MSMEs (including women-owned MSMEs and green projects (including green buildings). Beyond the Project level outcomes, IFC anticipates that the investment in sustainable bonds in Colombia will promote greater market sustainability via demonstration and replication channels.
DARP SPV Covinoc The existence of a strong Distress Assets (DA) market constitutes an important element contributing to the appropriate performance of the financial industry in any economy. In this context, the proposed project is part of IFCs program to promote the development of a DA market in the Andean and Central American regions. To achieve this, IFC would be partnering with Covinoc (the Company), an IFC existing client to acquire Non-Performing Loan portfolios in the previously mentioned markets. The proposed project is expected to have a high development impact in the following areas:

(i)	Economic Development:  The successful implementation of the project will aid the development of a secondary market for distressed assets which in turn will serve as a stabilization factor for the financial system. This should enable institutions to focus on productive use of capital which can result in higher liquidity and increased capitalization levels at the lending institution level. 

(ii)	Business Environment:  As financial intermediaries increase the sale of their distressed assets to independent private investors, the transparency of those institutions' balance sheets would improve as these assets would be priced according to market conditions. In addition, the demonstration effect of the project will help promote international insolvency standards and creditors' rights while providing investors with risk mitigation, divestment routes, and out-of-court resolution mechanism. All of these factors will greatly increase the region's attractiveness to local and foreign investors.  

(iii)	Financial Infrastructure:  IFC's involvement in this project would allow Covinoc to positively impact the market place by building capacity in the financial markets. The project is expected to increase the ability of financial intermediaries in the country to offload their assets, particularly non-performing ones, improve liquidity and devote these resources to originating new transactions.
Uniminuto II The Corporación Universitaria Minuto de Dios - UNIMINUTO (Uniminuto) founded in 1990 and managed by the Eudist Catholic community is the largest private higher education institute in Colombia in number of students and national footprint (multi-campus). It offers traditional face-to-face, distance and virtual learning modalities mainly to low-income population (68% of its student base in the lowest two income strata out of six levels, and 98% in the lowest three levels), predominantly women (70% of total students), most of them family heads.   The proposed investment will partly finance Uniminutos 2022-2025 strategic plan consisting of expansion CAPEX for new campuses, technology investments associated with the digital transformation agenda, academic and institutional strengthening, and social innovation programs (the Project). The project will support the provision of high-quality education into lower-income rural areas and the companys digital strategy through D4TEP. The most significant expected project-level outcome is an increase in access to high-quality and affordable tertiary education. Beyond the project, IFC anticipates that its financing could support greater market competitiveness and inclusiveness driven by the rise in quality standards in low-cost education models and the introduction of best practices in online programs.
Suleasing Credit Line Summary Of Project Information (SPI)       Project Name    Colombia - Suleasing      RegionLatin America and the Caribbean   Sector   Project No007579   Projected Board DateDecember 21, 1996   Company NameSuleasing Compañia de Financiamiento Comercial S.A.   Technical Partner and/or Major Shareholders    	Orix Corporation is the technical partner.  Corporación Financiera Nacional y Suramericana (Corfinsura) is Suleasings major shareholder with a 50.0% stake.    Project Cost Including proposed IFC investment    	IFCs investment will be an A loan of up to US$30.0 million. IFC may also make an investment for up to 15.0% of the Companys equity.  The equity investment would be made jointly with Orix Leasing of Japan, which would invest in up to 25.0% of the equity of Suleasing.    Location of project and Description of site    	Medellín and other cities in Colombia    Description of Company and Purpose of Project    	The Project consists of a credit line for up to US$30.0 million to Suleasing Compañía de Financiamiento Comercial S.A. to finance the capital goods and other equipment needs of Colombian small and medium-sized companies.    Environmental Category and Issues    	This is a Financial Intermediary (FI) category project.  Suleasing will be required to implement an environmental management system for relevant operations.       Date SPI sent to PIC     November 21, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
Cartones II The project comprises Cartones Americas (CAME, the Group, or the Company) 2006-2008 investment program and includes: 

- acquisition of a 60% stake in Chilempack, (Chile); 
- upgrade and expansion of CAMEs manufacturing facilities in Colombia, Venezuela, Ecuador, Chile and Peru; and 
- refinancing existing short-term debt. - Employment Impact: 

CAME currently employs 731 people, in its production facilities.  Besides the people employed in its plants, CAME's operations support the activities of over 40 recycled paper collection companies in the Andean Region which employ around 800 people directly and an estimated 8000 indirectly.  Further, in Bogota, CAME participates in a program with the municipality to build several recycled waste centers that will be operated by street collectors.  It is estimated that the increase in the purchase of recycled waste paper in all of the Andean Region will also create some additional 1500 jobs indirectly.

- Community Development: 
CAME actively supports its workers in home purchase; more than 90 percent of its workers in Cali are homeowners, and it is implementing the same program for employees at its companies in Ecuador, Venezuela and Peru.  CAME has also supported the formation of SMEs in service areas including transportation, maintenance and production of labor-intensive items such as dividers.  

- Environmentally Friendly:  

CAMEs mills use recycled waste as its main raw material.  The Group has invested in technology to permit the utilization of lower grades of recycled fibers.  They have also made investments to substitute boiler fuel from fuel oil to natural gas and to increase water consumption efficiency.
Finandina SL The proposed investment consists of a sustainability senior loan to Banco Finandina S.A. (Finandina, or the
Bank), to support Finandinas lending operations to finance Hybrid and Electric Vehicles (HEVs) for
individuals, micro, small and medium size enterprises (MSMEs) and women-owned small and medium size
enterprises (WSMEs) in Colombia. The most significant, expected project level outcome is increased access to climate finance products, through financing HEVs, for individuals, MSMEs and WSMEs, including resulting reduction of GHG emissions in Colombia. Beyond the Project, IFC anticipates that the investment will promote sustainability both by scaling up the emerging green financing in the transportation sector and carrying out awareness-raising activities on HEVs for individuals, MSMEs and WSMEs through a series of investments.
Ara Tiendas Green Loan Ara Tiendas (Ara), a chain of neighborhood retail stores in Colombia, has requested IFC to provide a long-term loan to partially finance the construction of two distribution centers which will be EDGE-Advanced certified (the Project) to provide logistic support to its stores. IFC expects the Project to increase customer access to affordable and high-quality retail services, meeting the increasing demand for more affordable retail services in Colombia, environmental effects, as well as significant economy-wide effects through the creation of direct jobs and increased demand for goods and services from local businesses. At the market level, IFC expects the Project to contribute to improving the competitiveness of the grocery retail market, especially the discount segment, in Colombia through demonstration channels.
DCM BBVA Blue The proposed project entails a blue bond to be issued by Banco Bilbao Vizcaya Argentaria Colombia S.A. (BBVA Colombia or the Bank) and subscribed by IFC. The blue bond proceeds will be used by the Bank to promote a sustainable blue economy and management of clean-water resources. IFC anticipates that the Project will increase access to climate finance, in particular blue economy projects aligned to international standards. Being part of a programmatic set of interventions from both the IFC and the World Bank that aim to increase blue finance in the country, beyond the project-level impact, IFC anticipates that the investment will contribute to greater market sustainability by promoting a new asset class following and disseminating the IFC Blue Finance Guideline Framework in line with ICMA's Green Bond Principles.
Sodimac Colombia Sodimac Colombia S.A. (Sodimac or the company) is the largest home improvement retailer in Colombia, operating in the modern sector of the country.  Since its inception in 1993, Sodimac has grown steadily reaching 10 stores in five cities (Bogota, Cali, Medellin, Barranquilla and Pereira) under two formats and brands targeting different segments: Homecenter and Constructor.      Sodimac is seeking from IFC a $50 million long-term corporate loan (in its equivalent in Colombian pesos), of which the first $35 million would be committed and utilized in the near term, and the remaining $15 million would be committed in the next few years.  The IFC loan would be utilized for Sodimacs corporate financing needs, including for its expansion program to be implemented during the next 2-3 years and the refinancing a portion of its existing debt.  This investment is an important part of its long-term growth strategy. - Providing consumers with a wide range of good quality home improvement and building material products at an affordable price.  By selling a wide range of products and through economies of scale, Sodimac has gained a good bargaining position with suppliers.  This bargaining position is expected to strengthen further with the construction and operation of the new stores and will enable the company to pass on some discounts to the consumers.  Managements effort to track consumer preferences allows achieving better inventory management and lowering costs, while at the same time improving service quality.       -  Upgrading business practices:  Sodimacs operations have a catalytic effect in developing and improving the quality of local suppliers and producers.  Since a significant part of the product range is sourced locally, the company will continue to work closely with local suppliers and producers to improve their quality in order to meet Sodimacs quality standards.    -  Promoting SME and private sector development:  Sodimacs operations and the implementation of the project will continue to have a positive effect on the development of the home repair/improvement and construction services industry.  The project would facilitate market entry and improve service quality through standardization, larger selection of products, and reliable supply.      -  Increased employment: The project will create new employment, both directly and indirectly.  It will provide direct employment to approximately 850 employees, with a significant multiple of that number expected to be added in the supply stream and in ancillary activities.
BBVA Colombia Green Senior Loan The proposed Project consists of an up to US$200 million subordinated loan to Banco Bilbao Vizcaya Argentaria Colombia S.A. (BBVA Colombia or the Bank). Through this project, IFC will support the strengthening of the Banks loan growth for green housing and climate smart loans. Project is expected to receive support from the Market Accelerator for Green Construction (MAGC) Program as discussed in the Blended Finance Section. By supporting BBVA Colombia, IFC best positions the private sector to support the growth of green buildings and climate smart assets in Colombia.