devinitorg/iati-policy-markers huggingface dataset:
Sinu Project The proposed IFC investment consists of a $15 million loan to Reforestadora de Sinu S.A. Sucursal Colombia (Sinu or the Company) to establish about 5,700 ha of eucalyptus plantations and maintain farms already planted in the Antioquia and Cordoba departments of Colombia (the Project).  The Company started pilot tree plantings in 2013.  In its first five years of planting, Sinu established roughly 4,800 ha plantations and conservation areas clustered in a region of sparsely populated and degraded pasturelands. Sinu aims to reach a total planted area of 10,500 ha by 2021, managing the plantations on a 7-year harvest cycle in conformity with the Forest Stewardship Council (FSC) Principles and Criteria and is committed to meeting IFCs Performance Standards. Environmental and/or Social (E&S): IFC anticipates the Project will generate several important positive impacts on the environment. 
- GHG emissions: This sustainable forest management Project will implement carbon sequestration activities that result in significant GHG emission reductions at an average of 155,000 tons CO2eq per year (negative net emissions) and zero gross GHG emissions.
- Climate Resilience: As part of its operations and with IFC's support, the Project will contribute toward strengthening climate resilience in the area. This entails employing techniques such as the use of meteorological information, identification of drought and wind-resistant planting material, silviculture to improve moisture retention, and further enhancing Sinu's fire management practices. 
- Sustainable Land Management: The Project will make a contribution toward sustainable land management in an area characterized by extensive agriculture, land degradation from cattle ranching. 

Stakeholder impact: IFC anticipates that the Project will strongly contribute to the development of employment and economic activity in the area, improving resilience and stability in a post-conflict region which can be considered a frontier. Formal employment opportunities are scarce and large companies are absent in the area, apart from Sinu which represents the only formal employment option outside subsistence agriculture. The development of competitive agriculture and agribusiness sector is central to Colombia's overall efforts to diversify its economy.
Tribeca Fund I IFC proposes to invest $15 million in Tribeca Fund I (Tribeca or the Fund), a new private equity fund planning to invest in majority stakes in medium-size growth companies based in Colombia and neighboring Latin American countries (Central America and Andean Region). The Fund plans to raise total capital commitments of $150-200 million. The Fund will have a direct impact on the economic development of Colombia and the region by providing and channeling scarce equity capital to mid-size companies that seek to grow.  The Fund Managers strategy is to take an active role in the management of its portfolio companies to increase revenues, as well as improve operational, financial and cost efficiencies.  The growth and success of these companies will, in turn, have a positive impact on exports, job creation, development of employee skills, and knowledge transfer. In addition, the Fund will contribute to deepening the Colombian stock exchange by preparing candidates for listing as part of its exit strategy, to the extent that this is feasible.
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          The proposed project entails an A Loan of up to US$150 million to support the growth of the (i) low and middle-income housing and (ii) Small and Medium-Sized Enterprises (SMEs) loan portfolios of Banco Bilbao Vizcaya Argentaria Colombia (BBVA Colombia or the Bank), a full subsidiary of Banco Bilbao Vizcaya Argentaria (BBVA). (i) The project is expected to increase the access to financial services for SMEs, and to increase the access to affordable housing for middle-income households.
(ii) IFC will introduce best standards on environmental and social ("E&S") policies and procedures, strengthening BBVA Colombia's E&S management systems.
COLOMBIAN HOME MORTGAGE CORP. Summary Of Project Information (SPI)       Project Name    Colombia-Colombia Home Mortgage Corporation (CHMC)            Region    Latin America        Sector       Project No004156   Projected Board DateJune 30, 1997   Company NameTo be determined when created.   Technical Partner and/or Major Shareholders    	Davivienda S.A., Colmena S.A., Conavi S.A. and Corporación Financiera del Valle S.A. (all are major financial institutions in Colombia).    Project Cost (including IFC investment):         Project Cost of US$20 million in equity.        IFC Investment of US$3 million in equity.    Location of project and Description of site    	Santa Fé de Bogotá, Colombia.  Office space to be leased.    Description of Company and Purpose of Project    	The Project consists of creating a new company with an initial capitalization of US$20.0 million to promote asset securitization in Colombia by focusing initially on home mortgage assets.  The Project has important social, institutional, and capital markets benefits. Namely, it will help increase funding for home construction and increase the head room of the countrys mortgage lenders and help strengthen their financial profile.  The Project will also help broaden and deepen Colombias capital markets by:  (a) promoting new investment products,  (b) increasing institutional investor participation in the capital markets; and (c) introducing technical know-how in the area of asset securitization.    Environmental Category and Issues    	This is an environmental review category C project. No further review is required.    The  is  from the Public Information Center.       Date SPI sent to PIC     May 8, 1997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384
EPM AB Loan The Project is a $349 million capital expenditure program in the areas of water distribution and waste water collection, and electricity distribution and transmission (the Project) during 2009 and 2012.  The project will replace about 114 km of aging water and sewer pipes and add 116 km of sewer pipes throughout Medellin Metropolitan area, benefiting up to 3 million residents from better water and sewerage services, and reducing water losses.   Furthermore, the project will benefit about 209,300 rural residents through new electricity connections.  An additional one million residents will enjoy improved electricity supply, through investments in the distribution network, substations, and transformers in Medellin and surrounding regions where EPM operates.  In total, the project will benefit about 3 million residents, of which about 50 percent are low income residents classified in strata 1 and 2. The Project expected to benefit about 3,000,000 residents with better supply of water and sewerage services, 209.300 residents through new rural electricity connections, about 460.000 residents with new electricity connections and street lights, as well as about 600,000 residents with better electricity supply through rehabilitation and connections.  Of that large group, about 1,2 million people fall in the low income category classified as social strata 1 and 2 in the Colombian system. In addition to the social impact, network rehabilitation investments offer a positive environmental impact.  Reducing non revenue water (NRW), which is about 36%, is critical given that a one percentage point reduction in water losses saves about 3 million m3 per year of treated water, sufficient to supply about 70,000 people. The Project will help reduce the level of non revenue water from about 102 million cubic meters in 2010 to about 85-90 million cubic meters in 2012, and help maintain the level of commercial losses in electricity distribution network at 13.4% or less through rehabilitation and replacement of network infrastructure.
Colombia Infrastructure Fund Ashmore I FCP The project is to invest up to $20 million equivalent, not exceeding 20% of total commitments, in the Ashmore Colombia Infrastructure Fund (the Fund), a private equity fund that will make infrastructure investments in Colombia.  The Fund is managed by Ashmore Management Company Colombia (the Manager). The Government of Colombia was instrumental in developing this investment vehicle together with IDB and CAF, as a means of attracting domestic institutional investors such as local pension funds as well as international investors to financing infrastructure projects.    The Fund has a target size of $500 million. The project is expected to provide scarce equity capital to infrastructure projects in Colombia, which in turn will provide better and more affordable access to transportation, energy, and utility services.  Standard fund and infrastructure indicators will be used to measure the development impact of the project.  

The Fund will also help develop new vehicles to channel local pension fund liquidity into infrastructure projects.  Until recently, pension funds were not permitted to make such investments.
Tecnoquimicas Tecnoquimicas S.A. (Tecnoquimicas or the company), with its subsidiaries and affiliates, is a local pharmaceutical manufacturer in Colombia.  The company and its subsidiaries are involved in the production and distribution of generic pharmaceutical drugs, baby care products, personal care products and animal/veterinary health products.  While the company sells majority of its products in Colombia, it also has exports to Ecuador and other countries in Latin America.

Over the next three years, the company plans to undertake investments and capital expenditure, totaling up to $100 million, for: 

- expansion and upgrade of its manufacturing facilities; 
- possible acquisition of pharmaceutical companies or facilities in the Andean region; 
- general corporate expenditure; and 
- long-term working capital. The project will help support: 

- a domestic company increase its supply of affordable and high quality medicines in Colombia and Ecuador; 
- the companys growth towards attaining international standards of manufacturing practices and quality assurance; 
- a local company in developing its export business within the Andean region; and 
- a family-owned company in opening to outside shareholders and enhancing its corporate governance standards.  

The project is expected to create additional employment for about 300 personnel over the next few years.
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         The proposed transaction entails the construction of 4 solar plants with a combined installed capacity of 178MWp to be developed between 2017 and 2019 in Colombia (the Project). The Project would be the first large scale grid connected solar parks to be implemented in the country.  
         First plant of 9.9MWp started operations in August 2017. Access to reliable energy: The Project will increase access to renewable energy sources, limiting the Country's reliance on hydropower generation, currently accounting for approximately 70% of its generation capacity. 

Demonstration effects: The Project is expected to have a demonstration effect in LAC, and especially in Colombia, helping to smooth the path to the development of a regional and local green bond market as a way to finance climate-related projects. The Company is expected to be among the first green bond issuers in Colombia.
Buga-Tulua-La Paila Highway Summary Of Project Information (SPI)       Project Name    Colombia-Buga-Tulua-La Paila Highway              Region    Latin America and Caribbean        Sector       Project No007250   Projected Board DateApril 22, 1996   Company NameProyectos de Infraestructura, S.A.   Technical Partner and/or Major Shareholders    	The project is being developed by Proyectos de Infraestructura S.A. (PISA), a Colombian company owned 20% by Grupo Ferrovial S.A., 20% by Construcciones Civiles S.A., 20% by Corporacion Financiera del Valle, 20% by Central de Seguros, 15% by Instituto de Fomento Industrial, and 5% by Thomas Greg & Sons Company.     Project Cost Including proposed IFC investment    	The estimated total project cost is US$92.4 million, including civil works, acquisition of the right-of-way, contingencies and financial fees during construction. IFCs proposed investment would include a loan of up to US$14.0 million and an equity investment of up to US$4.0 million.    Location of project and Description of site    	The Buga-Tulua-La Paila highway originates about 50 km north of Cali and constitutes a 60 km link in the principal highway connecting Cali with Bogota and Medellin.     Description of Company and Purpose of Project    	The project is to rehabilitate and expand the existing two-lane 60 km road from Buga to La Paila into a four-lane highway with modern services, including emergency assistance and security patrols. The 23 km section between Buga and Tulua has already been completed, while the remaining 37 km section between Tulua and La Paila will be completed under the proposed project. The project is being developed under a 20-year concession from Departamento de Valle del Cauca which was awarded to PISA in September, 1993 following a competitive bidding process. The project is expected to substantially improve road conditions and traffic safety.     Environmental Category and Issues    	This is an enviromental review category B project; principal issues include: air emissions, liquid effluents, solid waste, emergency response, resettlement, and employee and public safety. The sponsor has presented plans to address these issues and to comply with applicable governmental and World Bank requirements. Key actions include measures for air pollution control and wastewater treatment, employee training, and provisions for spill prevention, traffic safety and emergency response. The sponsor is working with the local communities and governmental authorities to ensure that the relocation of about 90 families located in the projects right-of-way is handled in a fair and equitable manner.    The  is  March 15, 1996 from the Public Information Center.       Date SPI sent to PIC     March 12, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  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).
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         Productos Naturales de la Sabana SA Alqueria (Alqueria or the Company) is the third-largest dairy company in Colombia. The Company processes milk and its derivatives into a wide range of diversified dairy products.  
       
       
         Alqueria is seeking financing to strengthen its capital structure and support its expansion program for 2017- 2021. IFC would provide US$20m in equity 
         , Farmer reach & Rural Development: By investing in Alqueria IFC will be supporting 13,000 farmers, most of them in rural areas where poverty levels are higher than in urban areas. Supporting rural development through income generating opportunities is key for the GoC post-conflict agenda. In addition, as a consequence of the project the Company will increase its sourcing of fresh milk benefitting thousand of small farmers in frontier regions of Colombia such as the Orinoquia and costal regions.

Forward linkages development: Alqueria distributes its products through a vast network of distributors, including 160,000 mom & pop shops across the Colombian geography. These shops will benefit by an increased products offer such as fruit juices, yogurt, almond beverages, whey and eventually cheese.

Food security: Alqueria is the third largest dairy producer in Colombia. The Company processes up to1.2 million Liters of fresh milk per day and produces up to 32 MT of several different products ranging from whole milk to dairy value-added products such as yogurt, flavored milk, whey-based products, in addition the Company produces other drinks such as orange juice and almond based beverages. Alqueria's products reach a great percentage of the Colombian population daily, including infants, children, adults and the elderly. 

Food safety: Alqueria produces with the highest standards of quality. All of its products comply with public and private food safety standards. Alqueria's most important dairy plants have been awarded with the Chicago based certification of Quality Check'd. The latter is awarded only to those dairy companies that produce with the highest environmental, social and food safety practices.
DARP SPV CC 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 Colombia and Peru. To achieve this, IFC would be partnering with Credigy Investments LLC (Credigy) and Covinoc (the Company), an IFC existing client to acquire Non-Performing Loan portfolios in the previously mentioned markets. The development impact of IFC''s investment in this Project is expected to be high given that:   - Allow financial intermediaries in Colombia and Peru to offload their NPLs, and therefore improve their liquidity and capacity to originate new loans. - Through the appropriate resolution of NPLs, the project would allow a large number of individuals to be able to avoid loosing their assets (their homes in most cases) and ultimately to re-enter the banking system. - The proposed investment would contribute to the further development of the Distressed Assets market in Emerging Markets, resulting in an increase of both the number of NPL transactions and the players, in this market.
RSE Crisis Response Reve IFC is seeking to make an equity co-investment of up to US$15 million in Reve alongside Australis Partners. Reve Group is a leading Latin American retail and consumer foodservice company operating in Colombia, Panama and Chile. Proceeds will be used to fund working capital requirements of Reves operations and its continued expansion during 2020 and part of 2021 IFC's Real Sector COVID-19 Facility is intended to promote the resilience of real sector markets, by ensuring continued supply of goods and services at affordable prices and limiting disruptions along supply chains thereby mitigating the effects of the economic downturn. All IFC projects under the COVID-19 Facility share the same development thesis: By supporting its clients' capacity to sustain operations during this acute shock, IFC best positions the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities. The Project will strengthen the Reve Group ability to meet surging demand of low-priced essential goods, to ensure continued access to supply, and to resume expansion when the situation improves.
Triple A Project Grupo Empresarial Triple A is composed of three companies: the parent company - Sociedad de Acueducto   ,    Alcantarillado y Aseo de Barranquilla S.A. E.S.P. (Triple A), the investment arm - AAA Servicios S.A. (AAA Servicios), and the procurement arm - Gestion Integral de Suministros Ltda. (GIS).  Triple A has a turnover of US$74 million, net profit of US$8.9 million and assets of US$154 million (for the year ending December 31, 2001).  Triple A has been undertaking the Suroccidente project to extend water and sewerage services to the south west (Suroccidente) part of Barranquilla   ,    which is the poorest part of the city. This investment is part of a 20-year concession, which has been duly extended for 20 years until the year 2033, to provide water, sewerage and solid waste  services to the city of Barranquilla, the fourth largest city in Colombia, with a population of 1.5 million. The  investments will be used for expansion of the network and sewage treatment.  As a result, 350,000 low-income inhabitants, shall be connected to the network. Water and sewerage coverage for Barranquilla as a whole   ,    will increase from original levels of 93% and 74% respectively, to 99% for water and 96% for sewerage.     The project consists of a corporate financing package for Triple A through a proposed credit enhancement of a Peso bond to be issued by the company. The proceeds of the bond will be used to retire bridge debt, that was used to finance Triple A''s     investments in water and sewage infrastructure in the city of Barranquilla, mostly represented by the Suroccidente project. The proposed project will be among the first in which IFC provides a partial credit guarantee in Colombia.  The partial guarantee would allow the company to obtain significant benefits and reduce project risks by lowering cost of borrowing, extending maturities, matching debt service obligations to project cash flows, and reducing currency risk, thus providing an instrument which will satisfactorily address several of the issues which are traditional risks for financing the water and sanitation sector.  This issue would therefore contribute towards deepening the Colombian capital market''s capacity for longer term financing, particularly for new sectors such as water, wastewater, and solid waste management.  IFC''s support will also help a newly emerging, high caliber multi-utility (water, wastewater and solid waste) company with a regional focus in Latin America to gain the size and visibility of an international player in a market dominated by a few large firms, by providing a financial instrument with wide applicability in the water and sanitation sector  ,   throughout emerging market countries.