devinitorg/iati-policy-markers huggingface dataset:
RGON Facility The proposed investment consists of up to US$40 million loan or its equivalent in Euros to Region Guelmim-Oued Noun (RGON), one of the 12 Regions of Morocco, to support and co-finance capital expenditure projects included in its current and previous Regional Development Programs (RDP) (the Project). The expected project-level outcome is driven by the positive effects on stakeholders, achieved through enhancing the quality of the Regions infrastructure, enhancing accessibility and coverage of critical urban infrastructure as well as upgrading existing assets. This investment will also support the objectives of the Regional Development Program aiming to generate 50,000 jobs, play an important role in reducing unemployment, while also directly contributing to enhancing the Regions GDP. 

Beyond the Project, at the market level, this investment is expected to contribute towards further opening of Moroccos subnational infrastructure financing to private investors by providing a continued strong commitment and signal for potential participants.
Association Al Amana pour la Promotion des Microentreprises Established in 1997, Association Al Amana pour la Promotion des Microentreprises (Al Amana) is the leading microfinance institution (MFI) in Morocco. Al Amana provides micro credit to low income groups and individuals in various sectors including commerce, agriculture. It has demonstrated a business model that works, an ability to scale up, and good management.  However, with a high leverage, Al Amanas future growth is constrained by its ability to raise further debt.   Through this project, IFC seeks to help Al Amana increase its capital base by providing a subordinated loan. IFC will also support the funding needs of Al Amana, by providing a partial credit guarantee (PCG) to help Al Amana raise senior debt. The proposed investment is expected to make high impact contribution by providing access to finance to micro and small enterprises, an area of key strategic priority to IFC.  As IFC assists Al Amana with sourcing additional funding, this project would serve those segments of the population that lack access to credit, hence seeking to:   - reduce income disparities in the country, and  - contribute to job creation in underserved regions.
GEF PVMTI Al Amana & Noor Web This PVMTI subproject will facilitate the introduction of a micro-finance credit scheme to accelerate the uptake of Solar Home Systems (SHS) under a Fee For Service (FFS) scheme sponsored by the Office Nationale de lÉlectricité (ONE) in the Taroudant region of central Morocco, and the parallel introduction of consumer credit for a range of smaller SHS.  Al Amana, a leading  micro-finance institution, will provide a range of credit packages to buyers of SHS in partnership with Noor Web, or other IFC approved service suppliers;  Al Amana will also extend credit to local micro-entrepreneurs acting as agents of Noor Web.  IFC will provide a partial credit guarantee for Al Amana, so that it can access debt financing for the project from Banque Régionale Populaire, Rabat (BRP), Morocco.  In addition, the Corporation will provide a credit guarantee on behalf of Noor Web, in order to secure funding from BRP for the expansion of its infrastructure under the project.    This is a project financed by the IFC/GEF Photovoltaic Market Transformation Initiative (PVMTI). The Global Environment Facility (GEF) has provided US$30 million in concessional funds to IFC to support investments in private sector projects to encourage market development for photovoltaics.  PVMTI aims to address market barriers by making available appropriate financing and stimulating business activity, accelerating PV penetration to achieve reductions in greenhouse gases. By harnessing the innovation and discipline of the private sector in designing and implementing PV projects, IFC is helping to shift the design and financing of PV market activity to a more sustainable and replicable private sector context.     By investing PVMTI funds in the project, IFC intends to support the demonstration of a successful and replicable business model for the Moroccan, as well as other developing country PV markets.
Banque Marocaine du Commerce Exterieur/GDR Issue Summary Of Project Information (SPI)       Project Name    Morocco-Banque Marocaine du Commerce Extérieur-Global Depositary Receipts (GDR)               Region    North Africa        Sector       Project No007173   Projected Board DateFebruary 29, 1996   Company NameBanque Marocaine du Commerce Extérieur   Technical Partner and/or Major Shareholders    	Nomura Securities will be the joint lead Manager and bookrunner.  Three or four managers will be selected to help in the placement.      Project Cost Including proposed IFC investment    	Direct equity investment of up to US$3 million, and underwriting of up to 35% of a US$50 million GDR offering for BMCE.      Location of project and Description of site    	The GDRs representing BMCE shares will be listed in London or Luxembourg and will be placed with international investors worldwide.      Description of Company and Purpose of Project    	The proposed project represents the first GDR offering from Morocco.  It involved assisting BMCE, a leading Moroccan commercial bank, in raising up to US$60 million in ordinary share capital through an international equity offering ($50 million base issue, including a $10 million over-allotment option to cover excess demand). The project was approved by IFC on March 13, 1996.  The SPI for this project was not released before the transaction took place due to restrictions on disclosure according to SEC Rule 144A (for private placements).      Environmental Category and Issues    	This is a category C project according to IFCs environmental review classification.           Date SPI sent to PIC     May 29, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
BOP Al Amana Microcredit Morocco The project entails an IFC investment in Al Amana Microfinance (Al Amana or the Borrower), one of the leading microcredit association in Morocco to support its lending program to income generating activities including microenterprises that have been negatively affected by the COVID-19 crisis. The investment will be provided in Euros (EUR) or US Dollars (USD) for the maturity of up to three years and will be part of IFCs Base of the Pyramid (BOP) program. The project will provide financing to micro-enterprises located in Morocco, and the most significant expected project-level outcome for the project is: improved access to and quality of finance for microenterprises, including women microentrepreneurs. The income streams of microenterprises have been severely affected by the lockdowns, increased uncertainty, and a slow-down in economic activity in the wake of the pandemic. As the economy begins to recover, microenterprises need access to funding to finance investments in inventory and inputs to resume economic activity. In this context, the project supports Al Amana, one of the largest MFI in the country, to provide much-needed financing to assist microentrepreneurs especially women, who are less than half as likely to get access credit than men, in overcoming liquidity constraints and returning to their previous income generating capacity.
Settavex Project Summary Of Project Information (SPI)       Project Name    Morocco-Settavex S.A.            Region    Central Asia, Middle East and North Africa        Sector       Project No008703   Projected Board DateApril 30, 1998   Company NameSettavex S.A.   Technical Partner and/or Major Shareholders    	Settavex is 100% owned by Tavex Algodonera, a leading European manufacturer of denim fabrics.    	Tavex Algodonera, itself, is owned by the following shareholders: Inversiones Ibersuizas - 24%; British and Spanish investment funds (23%); and Tavex''senior executives (7%).     Project Cost Including proposed IFC investment    	 US$42.0 million; IFC''s equity investment: US$9 million;   A loan: US$12 million; B loan: US$10 million. The balance of the financing will be provided by local banks.    Location of project and Description of site    	Casablanca, Morocco    Description of Company and Purpose of Project    	Established in 1991 in Settat, 70 kms from Casablanca, Settavex is the largest integrated textile company in Morocco specialized in the production of demin fabric.  The company employs 247 persons in 4 shifts and produces annually 13 million linear meters (mlm) of heavy denim fabric destined to the local garment manufacturing sector for both local consumption (35%) and exports (65%). The purpose of this project is to support Settavex''s US$42 million expansion plan over the next two years. Settavex will upgrade its facilities with the installation of a new dyeing and finishing line, reduce its energy cost by constructing a co-generation plant and increase its output to 19 mlm by adding spinning and weaving capacity.    	   Environmental Category and Issues    	This is a category B project.    	Environmental, occupational health and safety issues associated with this project include: air emissions, wastewater discharges, sludge and solid waste management and disposal, chemicals and hazardous materials handling and storage; fire prevention and emergency response; and workplace health and safety.    The  is  from the Public Information Center.       Date SPI sent to PIC    Revised    March 30, 1998   August 10, 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  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Capital North Africa Private Equity Fund The proposal is to make an equity commitment of up to 5 million, not to exceed 20% of total commitments in the Capital North Africa Venture Fund (the Fund), a private equity fund which will make equity and equity-related investments in small and medium-sized enterprises (SMEs) located primarily in Morocco but opportunistically in Algeria and Tunisia (collectively, North Africa or the Region).  The Fund has a committed capital target size of 40 million and will be managed by Capital Invest (the Manager), a fund management company based in Casablanca, Morocco consisting of experienced local investment professionals. - Private sector development:   The Fund will add value to its investee companies, by providing managerial and strategic support to improve their competitiveness and sustainability.  - Implementation of best practice for corporate governance in portfolio companies:   The Fund will adopt international best practices for corporate governance and management, as well as transparency, thus fostering knowledge and skill transfer, and encouraging best practices across the industry.  -Growth in employment and labor productivity:    The Fund is expected to invest in growth stage companies that will increase employment at a high growth rate.  - Support for Small and Medium Enterprises (SMEs):    The Fund is expected to allocate its capital to SMEs.
Saham Finances The proposed project involves an equity investment in Saham Finances (Saham Finances or the Company). Saham Finances is an insurance holding company with operations in Morocco (through its majority owned subsidiaries CNIA SAADA and Isaaf), and Sub-Saharan Africa (through its wholly-owned subsidiary Colina).  CNIA SAADA is the third largest insurance company in Morocco in terms of premiums with a market share of 13.6% (as of 2010), offering life and non-life insurance products.  Isaaf Mondial Assistance is an assistance company (vehicle, medical and travel assistance) with a 46% market share (as of 2010).  Colina, acquired by the Company in 2010, is the third largest insurance group in the West and Central African region in terms of premiums, with a 13.2% market share (as of 2009), also offering life and non-life insurance products.  The project is intended to support Saham Finances in its expansion strategy for Colina in Sub-Saharan Africa. Saham Finances currently operates in the two regions of the world which have the lowest insurance penetration globally. In sub-Saharan Africa, Colina is present in countries in West and Central Africa which significantly lag the rest of the region. This investment will allow Saham Finances to (a) consolidate its 2010 acquisition of Colina and leverage synergies with CNIA SAADA; (b) provide growth capital to Colina to further expand its insurance activities in Southern and Eastern Africa through targeted acquisitions, in countries that are markedly under-penetrated; and (c) meet the expected growing demand for insurance products in Morocco as a result of the "Contrat-Programme 2011-2015", a public-private partnership intended to boost penetration rates of non-life and life insurance.
DCM BCP Green Financing table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }    The proposed project is to invest in a green bond to be issued by Banque Centrale Populaire (BCP or the Bank). The proceeds raised through the issuance of the green bond will be used to refinance eligible renewable energy infrastructure projects in Morocco. The bond will be issued in accordance with the Green Bond Principles. Support to Morocco's Renewable Energy and Climate Change goals: The project will support renewable energy projects in Morocco. The long term funding will be on terms that are consistent with the underlying cash flow profile of such long gestation and capital intensive projects.
Development of the Green Bond Market: IFC's investment will generate support and confidence in the Green Bond market which is a new asset class in Morocco and will help create a new and viable source of long term financing for climate change projects in the domestic market. The development of the Green Bond Market will provide an impetus to the development of the overall bond market which is a high developmental priority for IFC and for Morocco.
OCP Solar #2 OCP SA (OCP or the Company,  https://www.ocpgroup.ma/ ) plans to design, install and operate greenfield, captive solar power plants at two of the Companys phosphate mines in central Morocco, with a cumulative installed capacity of 400 MWp including at least 100 MWh of battery storage. The Project is part of an effort from OCP to achieve 100% of green energy. The Project is expected to: (i) provide cleaner and cheaper energy during both day and evening peak hours (thanks to battery storage) compared to electricity sourced from the grid and (ii) contribute to market creation through: (a) demonstration effect from the first large scale solar PV and battery energy storage project in Morocco and largest in North Africa, (b) enhancing competitiveness of Moroccan industry by allowing the Company to offer more sustainable products, (c) improving resilience of food supply system by enabling increased global supply of less carbon-intensive fertilizers.
Casa Tramway The Project consists of a US$ 100 million loan to support the priority investment program of the CasablancaSettat region, one of Moroccos twelve administrative regions. Proceeds of the loans will be used to fund two components. The first component is the Regions contribution to Casablancas two new tramway lines (lines T3 and T4), that will provide improved and expanded tramway services and interconnectivity to Casablancas citizens. The second component consist of the financing of a regional roads program, targeting underprivileged populations in remote areas, with a focus on connecting schools, hospitals and other critical social and economic infrastructure. 1.	improved access and quality of transport services:  the Project will increase access to public transport infrastructure for both urban and rural populations. The Project will also help reducing travel time for passengers by  an estimated average of  about 40 percent compared walking, taxis, and private vehicles during working hours. In addition, it will offer improved traveling conditions specifically for passengers with impaired mobility through the construction of stations with high accessibility standards, additional space for pedestrians (average of 15 percent on sidewalks and 25 percent on squares) and 4,650 new trees.

2.	Rural roads: IFC expects the rehabilitation of the rural roads in the Region will  expand the road network and improve accessibility to the rural communities. IFC expects the paving of the rural roads will benefit about  400,000 people living in rural areas from improved access to public transport and other public services, lower vehicle operations costs and timing saving, estimated at US$5.9 million per year. 
3.	job creation: The Project is expected to create job opportunities for the local workforce including construction jobs and formal operations and maintenance jobs. 
4.	Environmental effects: The transport sector is a significant contributor to both pollution and emissions, contributing about 30 percent of the country's total emission. The development of the T3 and T4 lines will add more efficient and environmentally friendly transportation to the Casablanca urban area and help alleviate some of the traffic congestion in a particularly densely-populated part of the city.
GEF PVMTI Salafin Afrisol plans to provide small scale loans to finance the purchase of DC and AC Solar Home Systems, PV powered water pumps and PV powered fridges.  The company will be one of the first mainstream financial institutions to provide credit into the rural PV market.  The project aims to demonstrate the viability of this market and to thereby catalyze growth in sales of PV systems into rural areas of Morocco.      The venture is financed by the IFC/GEF Photovoltaic Market Transformation Initiative (PVMTI). The Global Environment Facility (GEF) has provided $30 million in concessional funds to IFC to support investments in private sector projects to encourage market development for photovoltaics.  PVMTI aims at providing financing and stimulating business activity to accelerate PV penetration so as to achieve reductions in greenhouse gases. By harnessing the innovation and discipline of the private sector in designing and implementing PV projects, IFC is helping shift the design and financing of PV market activity to a more sustainable and replicable private sector context.    By investing PVMTI funds in the project, IFC intends to support the demonstration of a successful and replicable business model for the Moroccan, as well as other developing country PV markets.
Mixta Africa Mixta Africa, S.A. (Mixta, or the company), is a property development company incorporated in Spain in 2005.  Mixta, along with its subsidiaries (the Group), focuses on developing affordable housing in North and Sub-Saharan Africa, mainly for low and middle income households.    During the three year period 2007-09, the Group is undertaking a EUR122 million development program (comprising land acquisition, housing development and construction) in Morocco and Senegal.      This includes:     - Tangiers Anass: 508 residential apartments in Tangiers (Morocco);    - Martil Essafia: 4,455 residential apartments in Martil (Tetuan, Morocco);    - Mixta Costa Cabo: 202 residential apartments on the Cabo Negro Coast in Tetuan (Morocco);    - Tetuan Marjane: 402 residential apartments in Tetuan (Morocco); and    - Résidence de la Paix: residential complex with 850 apartments in Dakar (Senegal).      In addition, the Group is also developing and evaluating other projects in Morocco, Senegal, Egypt, Tunisia, Algeria and Mauritania. The projects anticipated development impacts include:     - increased supply of affordable housing to thousands of households in Morocco and Senegal;    - promotion of foreign direct investment from a European company into Africa;    - local sourcing of construction materials and property development services for the project; and    - enhancement of environmental, social and product quality standards amongst the local property development service providers.     The Group plans to recruit about 125 people directly, and several others indirectly, for the project.
HEM Project HEM Group (HEM) or Institut des Hautes Etudes de Management is a private Moroccan business school that currently operates 5 campuses in Rabat, Casablanca, Marrakesh, Tangiers, and Fes and serving 2,200 students. Founded in 1988, HEM has built a model based on strong pedagogical methods, yet relevant to Morocco''s social and economic realities.   With a strategic eye on future growth, the Group is undertaking a US$20 million investment program to support the Groups expansion plans in Morocco which includes the constructing and replacing its existing campus in Rabat, the geographical expansion of HEM business schools into 2 new cities and the establishment of a new private technical university in Casablanca.    The Project is being proposed within the context of IFCs E4E Initiative for Arab Youth (E4E), which supports private sector provision of quality, job-oriented higher education in a country with rapidly growing population making employment imperative and most urgent. -This transaction would represent IFC''s first education transaction in Morocco. Demonstration Effect: Supporting a private educational institute that achieves E4E objectives including the provision of quality education geared towards market needs. Scalability: Facilitating regional expansion of a quality private services provider with a scalable model to increase student reach by more than 1.5 times over the next 10 years. Increase Access: to relevant higher education to lower income students and youth in remote cities through comparatively more affordable tuition, thereby increasing number of youth holding relevant skills needed by the market, including soft skills, improving their employment prospects.
CdM Senior Loan The proposed investment consists of a senior unsecured loan of up to US$100 million equivalent, denominated in US dollars (USD) or in Euros (EUR), to Crédit du Maroc (CdM or the Bank). The loan will have a maturity of up to 5 years. The proposed financing will enable the Bank to boost its lending operations to Small and Medium-Sized Enterprises (SMEs) and to climate sub-projects in Morocco. The most significant, expected project-level outcome is increased access to finance for SMEs and Climate. Beyond the Project, IFC's investment and advisory services to the Bank will promote greater sector sustainability by further demonstrating the commercial viability of SME and climate projects and by improving standards in terms of E&S risk management.
Al Amana IS II The proposed project involves providing a 5-year senior loan of up to Euro 6 million to Association Al Amana pour la promotion des microenterprises, (Al Amana or the client). Proceeds of the proposed investment would provide short and medium-term financing to micro and small enterprises in Morocco. Job Creation and Poverty reduction: The proposed investment is expected to have a high impact in facilitating micro and small enterprises access to finance - an area of key strategic priority for IFC. As IFC assists Al Amana to increase and diversify its sources of funding, in a difficult economic and sector context, the project addresses the need to serve those segments of the population that lack the most access to credit; hence seeking to (i) reduce income disparities in the country, and (ii) contribute to job creation.  Demonstration Effect and Sector Development: The proposed IFC loan, in a liquidity shortage context, will send a strong signal to international investors and local commercial banks, which will help mobilize additional sources of funding to Al Amana and the sector.