devinitorg/iati-policy-markers huggingface dataset:
RH Africa Project The proposed investment comprises (i) an equity investment of up to MAD410 million (approximately US$41 million equivalent) in Retail Holding SA (RH, or Group); and (ii) an equity investment of up to US$15 million in Compagnie de Distribution de Cote d'Ivoire (CDCI). This will support the Group's operations through (i) the purchase of a minority stake of common shares in the Group from exiting financial investors alongside other investors and (ii) the subscription of common shares in CDCI to finance an organic expansion plan. IFC's investment will contribute to the Group's objective to expand and strengthen RH's regional presence in Morocco and Cote d'Ivoire. The most significant expected project-level outcomes are stakeholder effects through increased access to affordable and high-quality food products in Morocco and Cote d'Ivoire, especially in underserved areas. The Project is also expected to support economic activity and job creation in both countries. Beyond the Project, IFC anticipates that the investment, along with several other projects in the pipeline targeting various links along the global food supply value chain, as well as corresponding responses from the World Bank, will promote greater resilience in the global food supply market as part of the GFSP. Platform-level indicators specifically tracked by the Project are long-term global food price inflation and the percentage of countries with food inflation above five percent.
R. Fes Meknes The Project consists of USD 35 million loan to support the priority investment program of the Region of Fes Meknes, one of Moroccos twelve administrative regions. Proceeds of the loan will be used to fund two components: the first component related to financing COVID-19 expenditures including purchases of disinfection and sterilization equipment and the second component consists of financing regional rural roads targeting underprivileged populations in remote areas. 1.improved access to quality transport infrastructure and services: IFC expects the rehabilitation of the rural roads in the Region will expand the road network and improve accessibility to the rural communities. This is expected to benefit about 150,000 people living in rural areas from improved access to public transport and other public services, lower vehicle operations costs and timing saving. 2. Improved access to health -related products: the Project will provide funding to meet capital expenditures related to the health impact of COVID-19. This will have a direct impact on its inhabitants' health and contribute to flatten contagion of the virus. 3. Integration through mobilization of private sector financing: IFC expects that the Project will contribute towards further opening up of Morocco's subnational infrastructure financing to private investors by providing a continued strong commitment and signal for potential participants. 4. Integration through improved connectivity and mobility: IFC anticipates that the rehabilitation of the road will enhance physical connectivity and economic integration of Region to the rest of the country.
CNAV Fund II The project consists of up to 10 million equity commitment not to exceed 20% of total commitments in Capital North Africa Venture Fund II (CNAV Fund II or the Fund), a private equity fund which will make equity and quasi-equity investments in small and mid-size enterprises (SMEs). In terms of regional focus, the Fund will primarily focus on companies in Morocco but will also target investments in Algeria and Tunisia. The Fund will also make opportunistic investments in Egypt and West Africa. The Fund has a committed capital target size of 70-100 million and will be managed by Capital Invest Group, a fund management company to be established in Luxembourg. Supporting SMEs: The Fund's strategy is to target SMEs with high upside potential but that lack access to finance due to limited resources in the market. 

Private Sector development: The Fund will provide not only capital but also managerial support and expertise to SMEs in North Africa region 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.

Job creation: Unemployment constitutes one of the greatest barriers for poverty alleviation and economic development in the region. The Fund's target countries including Morocco, Algeria, Tunisia and Egypt exhibit high unemployment rates. The Fund's strategy is to target high growth companies, which will make a positive contribution to job creation and economic growth.
Maghreb Fund Ltd (The Fund) Summary Of Project Information (SPI)       Project Name:    Morocco: Maghreb Invest Fund      Region:Central Asia, Middle East and North Africa   Sector:   Project No:009516   Projected Board Date:September 15, 1999   Company Name:Maghreb Invest Fund   Technical Partner and/or Major Shareholders    	Tuninvest Finance Group (TFG) is the key sponsor of the project and will set up Maghreb Invest Gestion (MIG) to be the management company. MIG will also include Upline Securities, Financière Natexis, and IFC. TFG, the investment affiliate of Tunisie Leasing, was set up in 1994 by Mr. Abdelkafi, a long-standing IFC client.  TFG is now majority owned by its executive officers, with Mr. Abdelkefi and Investcorp retaining 30% of the company. TFG, which has developed a good track record as a private equity player, has funds under management of US$40 million.  Upline Securities is one of Morocco''s leading corporate finance and brokerage firm. Upline is EMDB''s correspondent for Morocco.  Upline manages four listed securities mutual funds, including a bond fund. It has over US$60 million under management. Financière Natexis (FN) is the wholly-owned private equity subsidiary of French banking group Natexis. Financière Natexis manages US$1.1 billion of assets, including US$800 million financed from its own funds.     Project Cost Including proposed IFC investment    	US$30 million   IFC	US$5 million (equity)    Location of project and Description of site    	Morocco    Description of Company and Purpose of Project    The project consists of establishing a US$30 million (with a minimum first closing at US$20 million) private equity fund for Morocco with a view to investing in small and medium sized companies to support their expansion and diversification, including restructuring. The objective of the Fund will be to realize long-term capital gains from equity investments in privately held Moroccan companies.  The Fund will seek to be an active investment partner in investee companies and offer value added in terms of staffing, marketing, as well as financial and strategic management services.     Environmental Category and Issues    This is an FI Type 2 project.  The Fund Manager will be required to undertake an environmental review of each subproject.  The Fund Manager must participate in environmental training, develop an environmental management system, and provide an annual environmental performance report to IFC.     The  is  from the InfoShop.       Date SPI sent to InfoShop:     July 8, 1999      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
WCS CdM Project The project consists of a Working Capital Solutions (WCS) facility to Crédit du Maroc (CdM or the Bank) of up to US$50 million. The facility will have a maturity of up to 3 years. The project will enable the Bank to expand its foreign currency trade and working capital lending to enterprises in Morocco, including to small and medium-sized enterprises (SMEs). The most significant project outcome will be the access to working capital financing for Crédit du Maroc and through Crédit du Maroc, its customers. The IFC facility will support Crédit du Maroc's capacity to sustain its customers' operations in a challenging macroeconomic context. The project is also expected to help preserve Morocco's private sector by supplying foreign currency working capital to support operations of businesses in this context, thus making it more resilient.
Zalagh Project Zalagh Holding SA (Zalagh or the Company) is a vertically-integrated industrial poultry producer in Morocco, present across the entire poultry meat value chain: grain trading/import, animal feed production, day-old-chick/poult production, broiler production, poultry slaughtering, and meat processing. To help meet Moroccos fast-growing demand for chicken protein, Zalagh has defined a three-year expansion plan comprised of: (i) the expansion of feedmill capacity for ruminants and poultry, (ii) the set-up of additional chicken and turkey rearing and laying farms and hatchery capacity for day-old-chick/poult production, and (iii) the set-up of additional turkey broiler farms (the Project). The Project will increase Zalaghs ability to support a greater number of farmers with its supply of day-old-chick/poult and animal-feed, which in turn will increase the supply of affordable meat protein in Morocco where population growth and rising incomes per capita have led to robust increase in protein demand. Development impact includes:  (1) Employment generation, including gender: Zalagh plays a critical role in the generation of employment in Morocco particularly, in rural areas. The current 1,718 positions (of which 390 female employees) comprise a wide range of skill levels, from entry level positions to highly-skilled engineering, veterinary and managerial positions. All employees have access to dedicated training opportunities that allow them to strengthen their skills and develop within the organization. Zalagh''s expansion is expected to increase employment to around 1,900 by 2017, which will provide direct employment opportunities, particularly to the skilled youth who suffer from relatively higher levels and longer durations of unemployment in Morocco.  (2) Non-farm MSME linkages: as part of its operations, the Company also maintains relationships with a network of service MSMEs providing personnel, security, safety, transportation, recycling and waste disposal services, thus extending the employment reach of the Company well beyond its direct employees.  (3) Economic opportunities in rural areas: as one of the leading providers of animal feed and poultry products in the country, Zalagh supports the economic activity of about 3,845 registered poultry farmers, including some contract outgrowers, and a large number of dairy and cattle farmers. Zalagh provides a range of services to its clients that include regular visits by its sales force, technical assistance, benchmarking of performance against standards, etc.
GEF PVMTI Sun Power Maroc This Photovoltaic Market Transformation Initiative (PVMTI) subproject will involve funding for infrastructure expansion and working capital to enable the company to install solar home systems (SHS) under three parallel schemes; 

-  SPMs in-house fee for service (FFS) scheme, 
-  contracts for 12,000 SHS under Office Nationale de lElectricites FFS scheme and,
-  a proposed credit scheme for SHS to be implemented by SPM in collaboration with multiple Moroccan financial institutions.

IFC will provide loan and grant funding to support the project.
This project 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 (PV).  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.
Jaida S.A. Project The proposed project consists of participating in the funding of Jaida, a debt fund for the Moroccan microfinance sector, with a mezzanine investment in the form of subordinated debt.  Jaida is incorporated as a non-bank financial institution and will provide debt funding to microfinance institutions in Morocco.  Jaida is expected to start operations in 2007. The project is expected to make a significant contribution to economic development by fostering economic growth and employment.  Moreover, the project will achieve high impact by promoting commercially sound microfinance practices.
El Jadida RADEEJ The proposed investment is a Risk Sharing for up to MAD150 million ($19.5 million) for a loan to be provided by local banks to RADEEJ, the municipal water supply, sanitation and electricity distribution utility in El Jadida, Morocco, for investments in sewerage infrastructure.  The IFCs Risk Sharing will help secure MAD300 million ($39 million) in commercial bank loan(s), to be used for a MAD550 million ($71.5 million) investment program in sanitation facilities, in the framework of Moroccos National Sanitation Plan (PNAL).  RADEEJ (Régie Autonome Intercommunale de Distribution dEau et dÉlectricité DEl Jadida), a local public utility which was created in 1971 and acquired legal and financial autonomy in 1977. It provides services to the city of El Jadida and since 1979 to 4 surrounding municipalities and 22 villages, representing a total of about 390,000 inhabitants. Development of Private Sector and Mobilization of Local Resources:  - The project will contribute to the economic development of El Jadida. It will help attract new business by providing improved infrastructure facilities, and will in particular support the growth of the tourism industry through improved environmental conditions.    - The construction, operation and maintenance of the sewerage network and sewage treatment plants will create business opportunities for private contractors and temporary jobs during construction.    - The project will help a well-managed municipal utility access new sources of financing, without requiring sovereign support. IFCs participation will ensure that sound credit criteria are used as local financial institutions enter into this new business line. Eventually, it is expected that the demonstration effect will result in local banks financing other municipal utilities without further need for credit enhancement by IFC.  Positive Environmental and Social Impact:  The project will generate environmental and social benefits for the population of El Jadida and surrounding municipalities by reducing health hazards due to the discharge of untreated sewage, reducing pollution of beaches, reducing odors in urban areas, and preventing flooding.
Medi Telecom In August 1999, Medi Telecom S.A. was awarded a license, through a competitive tender, to build and operate the second nationwide GSM 900 network in Morocco.  The only other GSM license in Morocco is held by the incumbent, Maroc Telecom (formerly Itissalat-al-Maghrib, or IAM).  The initial stage of the project was implemented in only eight months and the company launched its commercial operations on March 29, 2000.  Under the license agreement, Meditel is required to achieve a population coverage with its network of at least 95% within five years.        The project''s developmental impacts include introducing competition to Morocco''s telecom sector, and extending telecoms access to a wide area of the country and segment of the population currently undeserved by the incumbent''s network. The introduction of competition has already reduced tariffs in Morocco and the rate of cellular penetration has increased substantially as a result.  IFC''s presence is crucial because of the large size of the potential exposure, IFC''s ability to attract international banks under the B loan program and IFC''s experience in structuring complex financings in emerging markets.
FONDEP Project The project involves IFC providing Foundation for Local Development and Partnership (FONDEP or the company) with a comprehensive developmental financing and technical assistance package that will complement the companys strong growth potential and expansion plans in the coming years.  FONDEP is a microfinance institution operating in Morocco.  It began its microfinance activities in 1997, targeting rural and semi-urban regions in Morocco by providing solidarity group lending.  Since its inception in 1996, FONDEP has built a loan portfolio of MAD 41 million as at end of August 2005 divided among more than 25,000 borrowers.  The project has two components:      -  a Partial Credit Guarantee Facility (the Guarantee) to enable the company to source much-  needed local currency financing from local banks, and  -  and a technical assistance package (TA) to develop the companys internal controls and risk management system, and strengthen its human resources function.  Moreover, the TA is aimed at enabling the company to reinforce its operations and management structure to pre-empt its eventual transformation into a non-bank financial institution.
Project SIMBA Equity - Insurance Sector The project is in the form of an equity investment in Holmarcom Insurance Activities (HIA or the Company) to support the expansion of HIAs activities in Morocco and Sub-Saharan Africa. The most significant expected project-level effect is increased access to life and non-life insurance in Morocco and selected countries in Sub-Saharan Africa. IFC also anticipates that the Project will contribute towards increased inclusiveness of the insurance market in Morocco through demonstration and replication channels.
OCP Solar #1 OCP SA (OCP or the Company,  https://www.ocpgroup.ma/ ) and/or its wholly owned subsidiary, OCP Green Energy SA, plan to design, install and operate four greenfield, captive solar power plants at two of the Companys phosphate mines in central Morocco, with a cumulative installed capacity of 202 MWp (the Project). The plants will supply OCPs mines with green electricity during daytime hours. The Project is expected to: (i) reduce greenhouse gas (GHG) emissions by an estimated 285,000 tCO2e per annum and provide a cleaner and more affordable source of electricity than can be currently sourced from the national electrical utility, ONEE; (ii) contribute to market competitiveness by increasing production of low-carbon fertilizers; and (iii) contribute to the resilience of Moroccos electricity sector by diversifying the sources of power generation.
Dolidol Project The proposed investment consists of up to EUR37 million senior loan package to Uni Confort Maroc  Dolidol SA (UCM, Dolidol or the Company), a leading manufacturer and distributor of polyurethane (PU) foam and bedding products. The Company was established in Morocco in 1972 by Berrada Sounni Family and expanded its geographical footprint in Cote dIvoire in 2014. Dolidol has a 45-years track record and is a trusted and quality provider of bedding products with internationally recognized accreditations (i.e., ISO 45001, ISO 9001, IATF 16949). As of December 31, 2020, Dolidol employs 1,000 people and has a logistic platform (17,000 sqm) and 150 trucks. It sells its products through a network of 1,100 distributors, 50 owned stores and 10 distribution facilities. Dolidols investment plans include (i) an acquisition in Nigeria, (ii) a greenfield plastic recycling capex in Morocco and (iii) installation of solar panels (1.25MW) on the Companys industrial facilities in Morocco (the Project). Project impact
Economy-wide: The Project's contribution to value addition and both direct and indirect employment will be estimated using IFC's sector multipliers. The Project is expected to create between 200 and 250 jobs. 

Stakeholders (employee skills): The Project will support the continuous development of technical skills and the development of industry-relevant skills and adoption of superior production techniques, which will lead to an improvement of the human capital in these countries.

Environment: The Project includes several climate related components, including installation of solar panels on the Company's facility in Morocco as well as plastic recycling through Dolicen, its new subsidiary. 

Market impact
Competitiveness: The Project is expected to have meaningful impact in market-level dimension of
competitiveness (i.e. through demonstration and replication effects, as other players are considering investing in the automotive sector in Morocco). It will also promote the competitiveness of other related manufacturing sectors (e.g. automotive) which use the Company's output as their intermediary products. The plastic recycling plant (Dolicen) is a commercial approach to manufacturing that can be replicated by other players in Morocco. Installing solar panels may also set a beneficial environmental precedent in the market.
Banque Marocaine du Commerce Exterieur BMCE Bank (BMCE or the Bank) is the second largest private sector commercial bank in Morocco.  As of June 30, 2007 the Bank had total assets of about $11.7 billion and shareholders equity of $987 million equivalent.  The Bank has developed an international expansion plan, which includes the acquisition of a 35% shareholding in African Financial Holding (AFH), the holding company of the Bank of Africa network (BOA)

The proposed investment is a 70 million ($99.4 million) investment in the form of Tier II capital to BMCE Bank to finance its international expansion. The project is expected to make a significant contribution to economic development both in Morocco and Africa, through the transfer of knowledge and expertise transfer from BMCE to its subsidiaries.  The project will also contribute to channeling foreign direct investments and trade flows to frontier markets.
FBPMC Project The proposed project is a US$20 million senior loan to Fondation Banque Populaire pour le Micro-Crédit (FBP) to expand its lending program to micro-entrepreneurs in Morocco.    FBP is the second largest MFI in Morocco with a portfolio of MAD1.65 billion (approximately $195 million equivalent) and 220,000 active clients, 52% of whom are women.   FBP has 389 branches and 1,314 employees. 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 FBP to increase and diversify its sources of funding, the project adresses 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.  Financial Inclusion and Increased Banking Penetration: Being affiliated with a leading commercial bank, FBP has been actively involved in bridging the gap between microfinance and the formal banking sector through low-income banking services.  Through this project IFC will play a key role in promoting financial inclusion.  Demonstration Effect and Sector Development:  The proposed IFC loan will send a  strong signal to international investors and local commercial banks, which will help mobilize additional sources of funding to the sector.