devinitorg/iati-policy-markers huggingface dataset:
Equatorial Alagoas The proposed IFC investment consists of two loans of up to, in aggregate, US$250 million (i) the first of which to Equatorial Alagoas Distribuidora de Energia S.A. (Alagoas or the Company), a subsidiary of  Equatorial Energia S.A. (Equatorial Energia or the Group), of an amount of up to BRL 500 million (approximately US$100 million) for IFCs own account, and (ii) the second of which to another subsidiary of Equatorial Energia with a tranche of up to US$75 million for IFCs own account and a tranche of up to US$75 million for the account of participants (the Project).   The first loan consists of an 8-year senior Green A Loan to Alagoas for financing a portion of the Companys capex program for 2023 to 2024, including its programs for loss reduction, service quality improvement, and capacity expansion (excluding any new transmission or distribution lines) (the Alagoas Loan).   The proposed second loan is a potential up to 8-year corporate facility of up to US$150 million to another subsidiary of Equatorial Energia, with use of proceeds to be aligned with those of the first loan. The main project outcomes for the Alagoas Loan are the loss reduction interventions and improvement of the reliability of the network in the state of Alagoas, which has a weaker socio-economic profile compared to Brazils national level averages, benefitting customers at the base of the pyramid. Through the Alagoas Loan, it is also expected to contribute to GHG emissions reduction through reduction in losses. Broader development impact from the second loan is also expected and will be assessed at the time of structuring.
Pier Project Pier is Brazils first and largest full-stack insurtech. Pier began with a simple smartphone theft/robbery product in 2018, operating as an MGA, and they launched auto theft/robbery and roadside assistance product in 2020, and also became the first company to operate under the SUSEP sandbox digital insurer license. The Project has an AIMM rating of Good. The most significant, expected project-level outcome is improved access (to individuals) to theft insurance for smartphones and cars. Beyond the Project, IFC anticipates that the investment will promote competitiveness by demonstrating an innovative business model to reach new customers.
Bradesco SME The projects main objective is to support SME lending and local economies through a key financial intermediary, Banco Bradesco S.A. (the Bank or Bradesco). Addressing the lack of access to finance for SMEs is a strategic priority for IFC as it is a clearly identified constraint to shared prosperity and poverty reduction observed in many emerging economies.  The Project will establish a relationship between IFC and Bradesco, one of the most solid financial groups in Latin America and that has deep footprint in the Brazilian economy. By working with a Bank with significant national reach, the Project is expected to have a high development impact, in particular as it will enhance access to finance for SMEs in local economies. SME finance is a key priority for IFC and this project contributes to reducing the gap because it provides long-term support for SME lending through a financial intermediary that has one of the largest reaches in Brazil. This project is particularly relevant in the current economic recession.
COCAL_Bio Project The proposed investment consists of a senior loan of up to US$70 million composed by an A loan of up to US$40 million and a B loan of up to US$30 million, to support Grupo Cocals (Cocal or the Group) investment plan for the next two years.   Cocal is a leading sugar, ethanol and renewable energy producer in Brazil, with two mills located in the Sao Paulo state. The investment will support (i) the construction of a biogas producing plant, (ii) sugarcane replanting and (iii) upgrades to increase operating and energy efficiency  (the Project). The most significant, expected project-level outcomes are its positive environmental effects from increased ethanol and biogas production as well as renewable energy sales. The positive effects of the project on local economy and the environment are somewhat dampened by the effective subsidy on ethanol as compared to gasoline that implies an economic loss to consumers. Beyond the project, IFC anticipates that the investment has the potential to improve the agricultural practices at the sector level and contribute to further strengthening its competitiveness.
Odebrecht Surety Construtora Norberto Odebrecht S.A. (CNO or the Company) is Latin Americas leading engineering, procurement and construction (EPC) company. Founded in 1945 in the northeastern region of Brazil, CNO provides a variety of engineering, procurement and construction services in over 15 countries around the world. Through its subsidiaries, CNO engages in the construction of large scale infrastructure projects, such as highways, railways, power plants, bridges, buildings, subways, dams, as well as mining facilities and manufacturing plants, among others. CNO is fully owned by Odebrecht S.A. (ODB or the Sponsor), one of the largest private sector groups in Brazil.
CNO approached IFC seeking support to structure a Partial Credit Guarantee Facility (the PCG Facility or the Facility) that would increase the supply capacity of surety bonds available for the Company.  These surety bonds will be used to guarantee CNOs performance in EPC infrastructure development contracts in Brazil and other Latin American and African countries (the Project). The Project aims to sustain the development of additional infrastructure projects when the insurance and surety industry is constrained and contribute to economic growth in Latin America and Africa. As a result, through the Project, CNO will be able to carry out additional projects in Latin America and Africa, creating employment opportunities for the base of the pyramid, generating taxes for different countries and improving critical logistics. The Company also promotes environmentally and socially sound construction projects. Finally, by supporting a company that has implemented sound corporate governance practices and a strong risk management policy, IFC will set a demonstration effect for other companies in the EPC sector. The Project's success will also encourage the Facility's replication within IFC and by other multilateral institutions.
ItaFos Mineracao MBAC is an integrated fertilizer company which is currently developing its main asset, Itafós or the Project, located in the state of Tocantins, central Brazil. The project consists of exploration, mining and processing of phosphate rock which will serve as the main feedstock to the Single Super Phosphate (SSP) fertilizer plant that will be built. The SSP plant will process beneficiated rock and is expected to produce 500,000 metric tons of SSP fertilizer per annum which will be sold to farmers and fertilizer distributors in the nearby and expanding agricultural region of the Cerrado. The project will support the further intensification and expansion of agricultural production in North Eastern Brazil, the Cerrado, by making available SSP fertilizer closer to market. Given Brazils already important role in supplying global agricultural markets and its significant potential for converting soil into arable land, the further development of the Cerrado plays an important role in promoting global food security, to which this project is making a contribution.

Specifically, the expected development benefits from the project will be in the form of:
Development of regional fertilizer capacity in a growing market that relies on imports and domestic supply from producers which are located at a distance.  Greater production and supply of SSP in the region supports the expansion and intensification of agricultural production and creates some degree of independence from imports with the positive effects overall of reduced transportation lag times and lower price volatility.
Expansion and intensification of agricultural production in the Cerrado, which has become the breadbasket of Brazil. Further intensification and expansion of agricultural activity depends on the availability of Single Super Phosphate (SSP), a source of sulfur and key ingredient to turning the sulfur deficient soils of the Cerrado into arable land.
Job creation in an isolated area in the poorer northeast of Brazil with few economic opportunities.
Revenues to government through corporate income taxes.

The following development indicators will be tracked throughout the project: i) payments to government, ii) jobs during construction and operational phase, iii) domestic purchase of goods and services, iv) community development outlays.
Satipel Industrial S.A. Satipel, a medium-sized, family-owned company, is one of Brazil''s leading manufacturers of particleboard.  In 2001, the company produced 490,000 m3 of particleboard in 2001.  The proposed project will: refinance existing debt; make minor maintenance investments; finance environmental upgrades; and further invest in plantations.     IFC Role    IFC has three important roles to play in this project. First, IFC will provide the necessary term financing for a medium-sized Brazilian company.  The Brazilian economic crisis, the political uncertainty stemming from the upcoming presidential election, the current crisis in Argentina, and the September 11 events in the United States,  have made long-term financing difficult to obtain for Brazilian companies. The dearth of such financing has been a major constraint for the development of the private sector, hampering modernization and employment growth in Brazil''s economy.  Under current conditions, both in international and domestic Brazilian financial markets, even large firms have difficult access to long term financing, driving a substantial consolidation in various industries. The only way for a commercially viable and otherwise efficient mid-size firm, such as Satipel, to compete is through the support of sources such as IFC.  Second, the IFC investment would introduce Satipel to international lending that would enhance its visibility and credibility preparing the company to go public in the next few years. Indeed, Satipel management intends to turn this family business into a large profitable public company. The owners have indicated their strong desire to have IFC as a partner in order to increase the chance of success of the companys upcoming initial public offering. Last, IFC''s involvement would support an environmentally-sound-wood-products company.     Development Impact    The proposed investment would improve the operating efficiency of a medium-sized enterprise. Furthermore, the project will assist the country in maximizing its comparative advantage in the forestry products. Satipel utilizes low cost plantation pine and helps consumers avoid the high transportation costs associated with imports. In addition, as part of the companys investments in the forestry operations, Satipel will provide financing to local farmers to introduce them to the forestry operations. The program is expected to reach more than 20 farmers, and a total of 500 ha. per year.  The company will provide the seedlings and extensive training to the farmers. The farmers will benefit from the use of non-adequate land for agriculture, diversifying their activities, taking advantage of the use of current labor, and thus, increasing their annual revenues from the use of the land.
Gavea Credito The Project supports Gávea Credito Estruturados plans to launch an innovative investment vehicle to provide long-term financing for middle market Brazilian firms in need of financial restructuring and without access to the capital markets, promoting (i) competition and innovation by introducing an innovative financing vehicle into the Brazilian market and (ii) capacity-building with a leading alternative asset management firm that can be followed as an example to future deals in other Latin American markets. Dissemination of E&S standards: IFC''s participation in this project would support a leading Brazilian asset manager with the capacity to implement and promote good environmental and social standards for the corporate sector in Brazil. Furthermore, given that the GÃ¡vea Group is a standard setter in Brazil in many respects, the potential replication effect may be significant, leveraging IFC''s market impact.        Access to Finance and turnaround: IFC will facilitate the restructuring and refinancing of financially stressed middle market companies, keeping assets in productive use, as well as providing much needed liquidity and risk capital for the local marketplace. In addition, GÃ¡vea Credito''s involvement with a client through the Fund can immediately improve the financial profile of the company and in and of itself provide a stamp of approval, opening up access to other lenders and investors.  Job preservation: As IFC has learned from similar DARP projects in Europe and Asia, as well as from the turnaround and restructuring of its own portfolio companies (especially during the Asian and Argentine crisis), a major consequence of resolving special situations is saving and eventually creating jobs, which carries significant and positive benefits. Based on the current pipeline of companies in the Fund''s pipeline, the Project could preserve thousands of jobs and lead to the creation of many more in Brazil.   International Best Practices:  IFC''s participation in the Project, coupled with a strong package of turnaround guidelines, would provide a model for creating a special situations resolution mechanism and can promote best practices in local markets in Brazil and Latin America.
Estacio II Project Estácio Participações S.A. and its subsidiaries (Estácio or the Company) is one of Brazils largest private university with around 238,700, mostly undergraduate, students, spread over a network of 71 campuses with a significant presence in the Southern, North and Northeast regions of the country. Estácio also operates a university in Paraguay. Estácio is undertaking a corporate investment program to modernize its existing campuses, develop its distance learning platform, and expand into new campuses mostly through acquisitions (the Project). (i) Raise quality standards:  Strengthening Estacio's position as a leading education company in Brazil will potentially serve as a catalyst for other leading education institutions to continue to raise the quality of their services;
(ii) Improve access to services:  Estacio's plans to expand its network, particularly in Southeast and frontier regions such as the Brazilian North and Northeast, will enhance the country's education infrastructure and improve access to quality, affordable education services for lower income students;
(iii) Rationalize the market: Through its organic growth and planned acquisitions, Estacio will continue to rationalize the still fragmented education sector and increase efficiencies in acquired companies; and
(iv) Expand reach of community service activities: Estacio's expansion in number of enrolled students and into new geographies will allow the Company to provide services to many additional people and a greater range of communities ( services may include legal advice, income tax filling advice, dental, medical and physiotherapy care, waste management and recycling studies and services at price below the market prices, by both students and faculty).
BBM Project Banco BBM S.A. (the Bank or BBM), which was founded in 1858 and is the countrys oldest private-sector bank, is one of Brazils leading mid-sized financial institutions.  It provides a range of credit and loan products to smaller as well as medium-sized corporates, has an active  but prudently managed  proprietary trading business, and offers third-party asset management services to investors.  As a result of its long history and very conservative business culture, BBMs operations are characterized by robust credit structuring skills, as well as state-of-the-art risk management systems.  The project involves the purchase by IFC from BBM of a local currency-denominated, capital markets instrument with a value at current exchange rates of up to BRL105 million ($50 million-equivalent) and a tenor of 7 years.  Funding proceeds from the transaction will be used by BBM to make credit available to medium-sized corporate borrowers.  The Bank has targeted the latter group of borrowers as a priority business development area, and its credit exposure to these types of clients has recently been growing rapidly (up approximately 63% in 2005 to an aggregate level of BRL1.5 billion).
Bozano Growth The proposed project consists of an equity investment of up to US$20 million in the Bozano Investimentos Growth Capital Fund, L.P. ("Bozano Growth" or "the Fund"), a 10-year closed end generalist private equity fund domiciled in the Cayman Islands and managed by Bozano Investimentos ("Bozano" or the "Fund Manager"). The Fund targets growth capital investments in mid-market companies Brazil. The Fund is targeting US$300 million in commitments. The Fund is expected to make 6 to 8 investments with ticket sizes ranging between US$25million to US$75 million. (i)  Support job creation: The Fund will focus on mid-cap companies with growth capital needs, which tend to have the largest impact on job creation and the most potential for IFC to develop direct relationships through potential co-investment opportunities.
(ii)  Access to finance: Fund will provide long term risk capital, which is very difficult for the local mid cap companies to obtain in the current environment.
(iii)  Private sector development: Operational, financial, and ESG improvement of local businesses.
Tembici RI Project TB I Holdings Ltd. (Tembici, or the Company) is a Brazilian docked bike-sharing provider with operations in Brazil and across Latin America. Tembici operates through two main segments: (i) bike rental whereby users can either pay-as-they-ride (spot users) or subscribe to a monthly or annual plan. (ii) sponsorships for which corporate partners pay Tembici to advertise on the units. As part of this Project, IFC seeks to support the acceleration of Tembicis expansion plans throughout the Latin America, and anticipates that Project Outcomes are Strong, derived from increased access to affordable urban micro-mobility services for individuals in Tier 2+ cities. Individuals in Latin American cities experience similar challenges in accessing mobility solutions compared to other cities, because of the availability of bus and metro systems, and a presence of bike sharing facilities. Beyond the Project, the Contribution to Market Creation is Moderate, aiming to increase the competitiveness of the micro-mobility market in the target countries, by triggering the growth of alternative docked bike sharing companies in the target countries.
Fundo de Educacao para o Brasil The Fundo de Educação para o Brasil (the Fund or FEBR) was structured by Banco Patria, one of Brazils leading private equity firms, as an investment vehicle focused on the post-secondary education segment in Brazil.  FEBR has one single asset, a controlling stake in Anhanguera Educacional S.A. (AES).  The Fund will channel its investments in the sector through AES.    AES is a private, for profit, São Paulo based, post-secondary education company with 10 campuses and average enrollment of 16,800 students in 2005.  AES focuses on offering good quality, affordable education to lower-income students in Brazil.    IFCs investment of up to $16 million will be used to fund part of AES expansion strategy, centered on building new campuses in small to medium sized cities in the state of São Paulo and other regions in the Brazilian Southeast  the countrys most prosperous  over a 3 year implementation period.
Estacio Project Estácio Participações S.A. and its subsidiaries (Estácio or the Company) is one of Brazils largest private post-secondary education institutions with about 200,000, mostly undergraduate, students, spread over a network of 72 campuses with a significant presence in the state of Rio de Janeiro and the North and Northeast of the country. Estácio also operates a university in Paraguay.   Estacio is undertaking a corporate investment program to renovate its campuses, develop new campuses and expand its distance learning platform. The project will i) increase access to quality post-secondary education, especially for lower income students; ii) improve the quality of post-secondary education throughout Brazil through academic and operational improvements and standardization; (iii) expand the Company's operations in frontier regions, in particular the Brazilian Northeast; (iv) enhance efficiency and rationalization of the sector in Brazil.
SABESP UCL Project The proposed transaction consists of an A Loan for the BRL equivalent of up to US$150 million to Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SABESP or the Company). SABESP is a water and sanitation service provider operating in the state of São Paulo and supplying approximately 27.8 million people with water and 24.6 million people with sewage collection. The A Loan will have a 10-year tenor and the proceeds will be used to finance investments in water and sanitation infrastructure in the state of São Paulo (the Project). Stakeholder impact: IFC will support investments focused on sewage expansion and water quality improvements in the state of São Paulo.

Market impact: The use of performance-based contract as part of the Pinheiros River Cleanup Program demonstrates an innovative contractual model that can be used as reference for other water and sanitation companies to increase efficiency in meeting coverage targets, while boosting the sectors competitiveness.
Bhub Cayman Ltd. Headquartered in São Paulo, Brazil, BHub (or the Company) is a provider of cloud-based software that digitizes and automates complex back-office accounting and financial operations.  IFC is considering an investment of up to US$10 million in the form of convertible notes. The funding will support BHub in improving its product suite and expanding in Brazil. The development impact of the project will be via:
1)	Project Outcomes (Stakeholders: Businesses): The Project is expected to provide improved access to quality accounting and tax management software for SMEs in Brazil, as the Project involves agreements with established accounting firms to rapidly scale up a software that fully digitizes and automates accounting services for SMEs. Specifically, the Project is expected to enhance the quality and efficiency of such services for SMEs, as automation will result in increased accuracy of accounting services, as well as support productivity growth. 
2)	Contribution to Market Creation (Competitiveness): The Project is expected to contribute to strengthening the competitiveness of the accounting services market in Brazil, by inducing market-wide technological upgrading and propagation of the benefits of digitalization, via competition and innovation channels.