devinitorg/iati-policy-markers huggingface dataset:
Actis Energy 4 Actis Energy 4 LP (together with certain parallel investment vehicles, the Fund) is a fund which plans to invest in power generation and distribution assets in emerging markets in Africa, Asia and Latin America (the Project).   The Fund will be comprised of one or more limited partnerships established under the laws of England and Wales and will be managed by Actis GP LLP (Actis), a leading private equity investor in emerging markets which is authorized and regulated by the United Kingdom Financial Conduct Authority. The Fund is a 4th generation successor fund to: (a) Actis Energy 1, a $606m portfolio of assets established in 2002; (b) Actis Infrastructure 2, a $752 million fund closed in 2007; and (c) Actis Energy 3, a $1.15 billion fund closed in 2013. IFC's commitment would help to stimulate the much needed investment in energy infrastructure in emerging markets, including markets such as Africa, which have large infrastructure investment needs. In addition, IFC's investment in the Fund would contribute to increasing access to electricity in developing markets, which would help to drive growth in business activity and job creation.
Renewable Energy and Efficiency Fund REVISED SUMMARY OF PROJECT INFORMATION (SPI)      Project Name                         Global - Renewable Energy and Energy Efficiency Fund (REEF)     Region                                    Global     Sector                                     Infrastructure     Project No                          00   7735  		     Board Date                             June 25, 1997   	      Fund Manager and Prospective Investors     It is expected that REEF will be managed by a consortium consisting of: Energy Investors Funds (EIF), Environmental Enterprises Assistance Fund (EEAF), E & Co and a major international bank.  Prospective equity investors in addition to IFC include ABN Amro, John Hancock Life Insurance Company, and other investors to be mobilized in the fundraising effort.     Mobilization Target including IFC     Equity fund of US$110 million, debt facility of US$100 million, and support from the Global Environment Facility (GEF) of up to $30 million.  IFC would invest up to US$15 million in the equity fund and would provide an A loan of up to US$20 million to the debt facility.  IFC B loans may also be mobilized.      Purpose and Description of Project     REEF will be the first global financing vehicle dedicated to investing in renewable energy (both grid-connected and  off-grid) and energy efficiency projects in developing countries.  These projects offer competitive solutions to meeting energy needs and are important alternatives to the combustion of fossil fuels, the major source of greenhouse gas emissions leading to global warming. IFC conducted a detailed market study, selected a fund management group, and helped develop REEFs proposed capital and management structure with funding from the governments of France, Germany, the Netherlands, Norway and the United States and IFCs Power and Environment Divisions.    REEF is proposed to include the availability of both equity and debt financing for investee companies, focusing on small-and-medium size projects and companies requiring US$1-50 million in financing.  Support from the GEF will enable REEF to include investments in smaller, more complex and/or more difficult projects that would otherwise be problematic for an international fund to consider.     Environmental Category and Issues     This is a category FI project according to IFCs environmental procedure.  The fund manager will establish a review process under IFC supervision that ensures that investments made by REEF are in compliance with host country environmental laws and regulations and applicable IFC/World Bank environmental guidelines.     Date SPI sent to PIC             May 27, 1997   REVISED                             October 22, 1997     For Additional Information contact:     Corporate Relations Unit -   telephone (202) 473-7711   facsimile:  (202) 974-4384    P:\PIC\1WS07735.DOC   October 22, 1997 6:35 PM
First NIS Restructuring Facility Summary Of Project Information (SPI)       Project Name    Russian Federation - NIS Restructuring Facility      RegionEurope   Sector   Project No009435   Projected Board DateJune 25, 1999   Company NameNIS Restructuring Facility   Technical Partner and/or Major Shareholders    	The NIS Restructuring Facility (the Facility) will be a limited liability partnership with IFC as the sole limited partner and Baring Vostok Fund as the General Partner.  The Facility would enter into a Co-Investment Agreement with the First NIS Regional Fund and with the Baring Vostok Private Equity Fund L.P (BVPEF), a limited partnership with the ING Asset Management as the sole limited partner.  The Facility will be managed by General Partner.    Project Cost Including proposed IFC investment    	Project Cost:  US$90 million; IFC Investment:  US$15 million    Location of project and Description of site    	The NIS Restructuring Facility will be registered in Guernsey and will make equity investments in companies operating in Georgia, Russia, Turkmenistan and Ukraine.     Description of Company and Purpose of Project    	The project involves providing an equity line of up to US$15 million to the Facility for investment in the equity of pre-selected portfolio companies of the First NIS Regional Fund (the Fund) that need funds for working capital and restructuring in the aftermath of the August 1998 Russian economic crisis.  The Facility will co-invest with BVPEF and the First NIS Regional Fund based on pre-agreed percentages.    Environmental Category and Issues    	This is a Financial Intermediary (FI) Tier 2 project according to IFC''s environmental review procedure.  The Facility Manager will be required to undertake an environmental review of each subproject to ensure compliance with host country requirements, IFC environmental and social safeguard policies, and, if applicable, World Bank Group environmental, health and safety guidelines, and submit an annual environmental performance report.  IFC will assess the Facility Managers capability to carry out environmental reviews.  The Facility Manager must obtain IFC clearance prior to making any investment with IFC funds in any Category A project.  The Facility Manager and First NIS Regional Fund will be required to develop and implement  an Environmental Action Plan for Sakhinles (on Sakhalin Island) acceptable to IFC.    The  is  from the InfoShop.       Date SPI sent to InfoShop     May 14, 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
ESIP Planet Labs Founded in 2010, Planet Labs Inc. (Planet) is a US-based company that collects information about our changing planet using a fleet of compact, highly capable Earth-imaging satellites. Planets goal is to image the entire Earth every day. Planet is enabling the democratization of satellite imagery by making it easy to access online at an affordable price point.  The broad coverage and high frequency of its satellite imagery will grant Planet customers access to global and local insights that currently are either impossible or cost-prohibitive to obtain. -	Access to cost effective data and analytics: Applications of satellite imagery such as remote sensing offer a low cost data alternative to locally installed equipment that requires significant upfront investment, ongoing maintenance and operational expertise.  The data provided by Planet can be readily explained and actionable; in response to natural disasters, for example, the data imagery can provide near real-time before and after photos that can detect change and improve response efforts in IFC''s client countries. -	Economic and environmental impacts: satellite imagery enables applications such as precision farming that reduce costs through more efficient and effective application of crop inputs such as water and fertilizer. These data can also be used to track environmental impact of pollution, illegal land use, etc.
GTFP III Project An additional $500 million for the Global Trade Finance Program ceiling supplementing the existing $1.0 billion initially approved by the Board in November 2004 (Investment No.    23898   , $500 million) and subsequently in January 2007 (Investment No.    25667   , $500 million) allowing IFC to support trade finance up to a total amount of $1.5 billion on a revolving basis. This additional $500 million will be subject to the same terms approved for Investments No.    23898    and    25667   . The GTFP addresses the on-going demand from clients to receive multilateral support for trade. The inherent flexibility of the program to meet client demands globally and quickly enhances its impact.  By guaranteeing trade transactions as small as $7,000 IFC lends critical support for the trade of consumer goods, intermediate goods, and smaller machinery, and commodities that are needed by the SME sector. Since the inception of the program in September 2005, $2.8 billion in trade guarantees have been issued to support 2,145 transactions of which 48% were for banks in Africa, 70% were SME transactions, 50% supported trade with IDA countries, and 35% facilitated south-south trade.
DiViNetworks DiViNetworks (formerly, iPortent) is a privately owned company registered in Israel.  It was established in 2004 by Barak Avitbul and Dr. Hayim Shaul to develop optimization techniques for managing network data traffic.  In 2011, the Company launched the new product, DiviCloud, which allows an up to 40% bandwidth increase to Internet services providers (ISPs) without any additional investment.  The Project will support further roll out of the DiviCloud service in emerging markets in Africa and Latin America. - Increased broadband penetration:  the Company''s expansion and the nature of its products will further support the increase in broadband penetration, particularly, in Sub Saharan Africa region where it is still much lower than in other emerging markets. - Cost reduction:  DiViNetworks'' products substantially reduce the cost of international which is very high in emerging markets compared to developed countries.  - Promoted innovation: the Company''s broadband data solutions are truly innovative and exclusive in many aspects. - Increased economic growth:  it is well documented that increased broadband penetration has a direct impact on economic growth; further, broadband supports virtually every sector of the as well as facilitates the transparency and accountability of governments.
Engine Fund II The project entails an IFC equity commitment of up to US$20 million in The Engine Fund II, L.P. (the Fund). The Fund is seeking to make venture capital investments in Tough Tech companies seeking to bring breakthrough scientific discoveries and technologies to market, focused on solving global challenges around climate, human health, and advanced systems.
Earthport Project Earthport is creating a new global infrastructure to make small international payments much more efficient. The company connects the domestic electronic interbank payment systems (Automated Clearing Houses  ACH) that exist in almost all countries to one global network. The company completed the development of its technology platform and has been integrating with various countries ACH systems.  Earthport is now looking to the IFC to support its further expansion in developing countries. (i)	Reducing cost of migrant remittance: Earthport''s payment platform significantly reduces the cost of cross boarder money transfers through banks.   (ii)	Supporting SMEs: Earthport''s solution supports SMEs in developing countries to engage in international trade. Currently, the high cost and delays for international payments create barriers for the small exporters and traders. Earthport will provide them a payment solution which is much faster and at lower cost.   (iii)	Financial Inclusion: Because banks do not have efficient systems to transfer small transfers, currently the vast majority of migrant remittances is sent and paid in cash through specialized money transfer operators. Since these operators potentially compete with banks, they have no incentive to encourage senders and recipients to open bank accounts. Earthport''s system for the first time creates a solution that banks can use to effectively offer migrants a competitive money transfer service and compete with the cash-based money transfer companies. Migrants and their families gain a lower cost service and are incentivized to open bank accounts. The solution will also make it commercially feasible or more attractive for the banks to serve low income consumers. Earthport thereby provides a tool to implement the financial inclusion program of banks and governments.    (iv)	Supporting banks in developing countries: The conversion of cash-based remittances into account transfers will increase the deposit base of financial institutions in the receiving developing countries. This makes money available for lending to SMEs, creates hard currency income of the banks to support trade credit, and directs savings and other deposits into bank accounts. At the same time it significantly increases the multiplier effect of remittance flows.
LeapFrog Fund The LeapFrog Financial Inclusion Fund (LeapFrog FIF or the Fund) is a greenfield fund which will invest in micro-insurance providers in Africa and Asia.  The target size of the Fund is $100 million.  The Fund intends to focus on companies offering life insurance primarily but will also consider investing in companies providing health and property insurance and long-term contractual savings products. LeapFrog FIF will be the first micro-insurance investment vehicle globally and intends to develop three broad categories of investments: (i) investments in existing micro-insurance businesses; (ii) distribution-driven investments by partnering with MFIs or NGOs that have a large footprint; and (iii) insurer-driven investments by partnering with insurance companies that will look to LeapFrog FIF to share the early risk of their investments in microinsurance businesses. The Fund would serve as a catalyst for the development of the microinsurance industry throughout the target regions and would introduce insurance, savings and/or protection products that would otherwise not be available to the poor. In addition, the Fund will facilitate knowledge management and transfer which is crucial for the development of a healthy and dynamic primary microinsurance market and is necessary for a holistic micro risk protection/lending solution. Finally, it would stimulate additional demand by catering to populations who otherwise would not have considered conventional insurance.  Specific development impacts are:

Poverty Alleviation:  Microinsurance will significantly alleviate poverty by stabilizing income levels for low-income and vulnerable populations, including dampening shocks that might leave families destitute.  As a savings tool, it can contribute to wealth creation and the opening up of opportunities to this segment of the population.  It will also enable lifestyle improvements and further integration with society at large.

Demonstration effects:  The project will demonstrate the business case for microinsurance and for microinsurance investment vehicles and encourage other private sector players to invest in this sector.  It will accelerate the build-up of local capacity and broaden professionalism in the sector.
Profund Internacional, S.A. Summary Of Project Information (SPI)       Project Name    Latin America Region-Profund      RegionLatin America and Caribbean   SectorCapital Markets   Project No005136   Projected Board DateSeptember 30, 1995   Company NameProfund   Technical Partner and/or Major Shareholders    	The sponsors include private non-profit institutions experienced in financing microenterprises such as ACCION International of Massachusetts, the Calmeadow Foundation of Toronto, FUNDES of Switzerland, and Societe dInvestissement et de Developpement International in Paris (together the Founders).    Project Cost Including proposed IFC investment    	The initial capitalization of the Fund is anticipated to be US$15-18 million, of which the Founders will invest about US$4 million and IFC up to US$3 million.    Location of project and Description of site    	Profund will be established as a corporation in Panamá City, Panamá and the management offices of Profund will be located in San José, Costa Rica.    Description of Company and Purpose of Project    	The project consists of establishing Profund, the first vehicle of its kind to specialize in making equity and equity linked investments in commercially viable financial institutions that serve small and micro-businesses in the Latin American and Caribbean region.    Environmental Category and Issues    	This is a category C project according to IFCs environmental review procedure.  The Environment Division proposes to work with the management of Profund to gather information in the course of this project on characteristics of microenterprise investments and their potential for environmental impact.          Date SPI sent to PIC August 16, 1995   For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
Bank Recap Fund IFC proposes to establish, partially fund and manage the Bank Recapitalization Fund (BRF or the Fund), a private equity fund with a target size of $3 billion, which will make equity and equity-related investments to recapitalize banks with systemic impact on IFC emerging market client countries. The Fund is expected to deliver development impact by:   - providing critically needed equity and equity-related funding to investee banks, thereby stabilizing them, speeding up economic recovery and, therefore, job creation; and  -  providing advisory services to investee banks aimed at strengthening private sector development and improving their economic and financial performance.
Apis Growth Fund II Proposed IFC equity commitment of up to US$25 million to Apis Growth Fund II, LP, targeting US$400 million in commitments from investors. The Funds investment objective is to make mid-market growth equity investments into financial services and technology such as payments, credit and savings, insurance, technology enablers and service providers and capital markets located in Africa and Asia. The primary focus countries of the Fund will include Cote d'Ivoire, Kenya, Morocco, Nigeria, South Africa, India, Indonesia, Pakistan and the Philippines. The Fund will focus on funding growth-stage companies that require growth equity to expand their geographies, product ranges or to fund vertical integration. The Fund will seek to invest in companies with a significant social impact through products and services that enable financial inclusion. The companies that the Fund will invest in will make access to relevant financial products and services for underserved customers more affordable, easier and closer to reach. (i) The growth of the Fund's investee companies is expected to result in job creation and economic growth; (ii) private sector development and market creation through the Fund's investment into financial services and financial infrastructure investees that will have a measure of financial inclusion in target geographies across Africa and Asia; and (iii) the implementation of best-practice corporate governance, and social and environmental standards at the investee company level.
TCW Debt Fund Quasi-Equity investment of up to $30 million in GEM VII Targeted Value Debt Fund (the fund or the company). The proposed fund is a closed-end special purpose vehicle, structured as a Collateralized Bond Obligation (CBO), which will invest in emerging market debt issues. The fund is structured to offer investment opportunities both to existing emerging markets investors and to credit-quality sensitive institutional investors who can only invest in investment-grade instruments. The fund is expected to be at least 70% invested in 30 countries at closing in June 2003, in a globally diversified portfolio of US dollar denominated debt issues from emerging markets. Against the assets of the fund, three classes of obligations:
-  Senior Notes, 
-  Second Priority Notes, and 
-  Preference Shares - are expected to be issued in an amount of $400 million. 
The Senior and Second Priority Notes will be over-collateralized and credit-enhanced by the Preference Shares and are targeted to receive a higher investment grade rating of Aa2 and Baa2 from Moody's, and AA and BBB- from S&P, respectively. The Senior Notes will be wrapped by a monoline insurer guarantee to achieve a rating of Aaa/AAA. 
The fund will invest in emerging market corporate, quasi-sovereign, and sovereign debt securities and is a vehicle designed to support the World Bank Group strategy of promoting the development of corporate debt markets in the member developing countries.
Rural Impulse Fund The Rural Impulse Fund (the Fund) is authorised as an undertaking for collective investment (UCI) under Luxembourg Law. The Fund aims at contributing to the alleviation of poverty in rural areas underserved by the microfinance industry by making debt and/or equity investments in MFIs, which provide financial services to the rural poor. The Fund shall be managed by the Fund Advisor Incofin. Incofin has a successful track record with managing two microfinance funds, both with a global outreach and making debt as well as equity investments. The proposed project is expected to have a high development impact in the following areas:  -  Demonstration effect: reputable financial institutions that serve Micro and Small Businesses (MSBs) will contribute to building public confidence in financial institutions and encourage more intermediaries, to extend financial services to rural areas.   - Significant Direct Contribution to Poverty Reduction: Over the past two decades, leading microfinance operators have convincingly demonstrated that well-managed MFIs can make major contributions to poverty reduction and employment creation in developing countries. Unfortunately MFIs contribution towards poverty alleviation has mainly been apparent in the urban areas. This project is all about shifting the frontiers of microfinance away from the borders of urban to rural areas. In addition to encouraging the development of rural microfinance, RIF will expand the funding sources for rural MFIs.