devinitorg/iati-policy-markers huggingface dataset:
OMK Group Project The project is to assist the United Metallurgical Company (OMK), a leading privately held Russian group, in the ongoing expansion, modernization and environmental improvement program of two of its operations  namely OAO Vyksa Steel Works (Vyksa) and OAO Gubakha Coke Plant (Gubakha).  In this respect, OMK has requested IFC to provide a total financing of up to $70 million comprising of:    - a $60 million loan to Vyksa; and    - a $10 million loan to Gubakha.      Vyksa is a producer of steel pipes and railway wheels, whereas Gubakha produce metallurgical coke, an important input in steel production.  During the 1990s, OMK has emerged as one of the leading groups in the downstream Russian metals industry.  Its key customers are the most important domestic players in the energy, transport and heavy industry sectors.  OMK and its associated companies employ about 30,000 people across several regions in Russia.
Avtokran Project The project is to assist Avtokran (Avtokran or the Company), Russias leading producer of truck mounted cranes, to complete its modernization program for 2008-2009 and partially refinance its short term debt.  The modernization program at Ivanovo and Kamyshin plants is aimed at improving production quality and efficiency and comprises following investments:

(a) purchase and installation of a new state-of-the-art boom manufacturing line to produce profiled higher capacity booms;
(b) the purchase of various welding and metal cutting equipment to replace outdate assets;
(c) Part of the IFC financing will be used to refinance the existing short term indebtedness.

Avtokran and the associated group companies manufacture (i) truck mounted cranes with hoisting capacity of up to 100 tons including special chassis truck cranes and slewing rings, (ii) chassis for cranes and other heavy-duty equipment and off-road heavy duty trucks with capacity from 14 to 36 tons. The project would contribute to contributing to the survival and development of machine building sector where the country has a comparative advantage, and towards the overall diversification of the economy.   The Project will also provide a demonstration effect from of successful installation and use of the modern technology and strengthening JSC Autocrane business practices with special regard to operational efficiency. In addition, the project will directly and indirectly help to sustain more than 5,000 jobs.
Eurosib Terminal Eurosib group of companies (Eurosib of the Group) based in Saint Petersburg, offers transportation and logistics services to shippers of coal, steel, fertilizers, paper, lumber, containerized and other cargo within Russia and the former Soviet Union.  With extensive rail transport operations throughout Russia, Eurosibs main business is the operation of owned and leased rolling stock for the transportation of bulk goods and the provision of freight forwarding and logistics services.    The proposed investment consisting of loans of up to $47 million for the account of IFC and syndicated loans of up to $70 million would finance a part of the Groups corporate investment program comprising the construction and operation of a network of six inland container-handling logistics terminals throughout Russia. This investment program is expected to be completed in 2008. This would be IFCs second investment with the Group. IFCs first loan of $30 million (Project #23270) was committed in FY2005.
Kronostar II Kronostar (the company or the project) is 100% owned by Krono Holding AG since early 2002.  The AOO Sharjadrew combine dates back to early 1900s with a construction of a saw mill in the Sharja, Kostroma region.  Over the years, it has established a particleboard factory, and was privatized in 1992.  AOO Sharjadrew filed for insolvency in 1997.  In 2002, Krono Holding AG purchased AOO Sharjadrews assets.

The purpose of the investment is to install a new particleboard line at Kronostar.  The project has strong business fundamentals.  It will contribute to the modernization of Russian wood panel industry, which is currently characterized by old and inefficient operations, and it will have a potentially strong impact on the revival and development of the following components:
      -  rural area of the Kostroma Oblast;
-  wood panel industry, and 
      -  furniture industry in the Russian Federation.

The project is supported by the strong expected demand growth for wood panels.  Using modern technology, Kronostar will produce particleboard and will add employment for over 100 direct jobs to the existing operations bringing the total direct employment to over 1000.
SAB II Project Sibacadembank (SAB or the bank) is a private bank based in Novosibirsk with an extensive branch network in Western and Eastern Siberia.  The bank focuses on lending to SMEs, entrepreneurs and individuals.  SAB had the net worth of approximately $42 million and total assets of approximately $373 million equivalent as of the end of 2004.  The project is intended to support SABs rapid expansion of its SME and retail lending business and implementation of its strategy of becoming the largest universal bank in the Siberian Federal District (SFD).  This is a follow-on transaction with SAB.  In 2004, IFC approved a senior loan of $7 million in two tranches for SME lending and an option of $2 million to purchase shares in SAB.
BRL Club Deal Brunswick Rail Holding Limited (BRHL or the Company) is a leasing company providing freight railcars to corporate clients in the Russian Federation.  It generally provides the railcars on an operating lease basis (where the residual value of the railcars remains with BRHL).  It is a wholly owned subsidiary of Brunswick Rail (Brunswick or the Group), one of the largest privately-owned freight railcar leasing companies active in the Russian Federation with a fleet of over 22,000 railcars.  The Group is looking to expand its fleet to optimize its operations and achieve the critical mass it needs to thrive in the sector.  IFC has previously provided two loans to this Company and has recently provided a loan to another subsidiary of the Group (Brunswick Wagon Leasing) and has an equity stake in Brunswick. The Project would: (i) support the continued development of a key private sector player in the relatively new Russian railcar leasing sector; (ii) contribute to the development of the transportation and logistics sectors in the Russian Federation, facilitating economic growth particularly in the economically disadvantaged hinterland; and (iii) facilitate a Eurobond issue which will be used to finance the construction of additional railcars and help avoid a supply crisis over the next 5-10 years as the majority of RZhD''s fleet reaches the end of its useful life. The majority of the Group''s fleet is unrelated to the oil sector and thus helps facilitate the diversification of the economy. Brunswick''s new, more reliable railcars also help mitigate the risk of trucking replacing railways which would result in an increase of harmful greenhouse gases.
Information Business Systems IBS'' primary focus is to meet all the IT needs of Russian companies and government agencies as well as international companies operating in Russia.  IBS offers its clients consulting, design, implementation, support, maintenance, outsourcing and software programming services.  In addition, IBS leverages multiple distribution channels to offer a portfolio of over 5,000 products from more than 100 of the worlds leading IT hardware brands.  IBS comprehensive offering of services and products enables the company to provide turnkey IT solutions and a one-stop-shop to its clients.  The purpose of IFC''s investment is to support the company in expanding its offshore programming services, management consulting services and local computer assembly business, which will allow IBS to increase margins and to offer higher value-added services to its clients.    IBS would be one of IFCs first direct investment in a Russian technology firm.  On a broad scale, IFCs presence will help demonstrate to other potential investors that private equity financing is available for the technology sector in Russia.  IFC will also provide funding with long-term maturities that are otherwise unavailable in the market.  Without IFCs presence, such financing would not be possible at reasonable rates or for the necessary maturities, particularly in light of the weakening appetite for technology projects and the perception that Russia country risk is still quite high.  The project will also act as an important symbol of the benefits of continued reform in Russia.     The project will have a significant developmental impact by potentially creating IT related jobs in Russia.  IBS will also contribute to the training of skilled technology workers in Russia by exposing them to best practices from world class technology firms.
Ruscam (formerly Urshelsky Glass Packaging) The project entails the installation of a furnace for glass production and three manufacturing lines to produce international-quality beverage bottles.  The project is expected to have a positive impact on Russia''s transition to a market economy.  Sisecam''s proposed investment is the first large-scale investment in and around Garokhovets since the Soviet era.  The venture will complete a plant site whose development was halted approximately ten years ago, when a local enterprise ran out of capital to complete its development.  The project is expected to provide over 200 direct jobs  to the local workforce and may have as large an impact in terms of indirect employment.  Once operational, the facility will add a domestic source of competitively priced, quality beverage containers in the Russian market, which is currently a net importer of glass bottles.  Sisecam is a world-class bottle manufacturer and the project''s local management cadre and workers can be expected to benefit from the transfer of best practice in cost and managerial accounting and financial controlling.    The IFC investment would support the regional expansion of a project sponsor from one of IFC''s countries of operation into another IFC country of operation where the sponsor has comparative advantages based upon the industry know-how it has developed over the past decades.  Sisecam has been an IFC client in Turkey and hopes to benefit from IFC''s project finance experience in Russia.  Further, through its involvement in the project, IFC is also directly addressing its goal to mobilize relatively scarce foreign direct investment and know-how into the Russian Federation.
Working Capital & Systemic Solutions CIB The project involves a potential senior loan of up to RUB600 million to Joint-Stock Company Commercial Bank Center-Invest. The banks core activity is to serve small and medium sized enterprises (SMEs) in the frontier regions of southern Russia and is aligned with IFCs development strategy.   The IFC loan would be provided under the Working Capital and Systemic Solutions product and have a maturity of up to 12 months, renewable up to two times at IFCs option for an additional 12 months, for a maximum aggregate period of up to 3 years. The loan would be used by the bank for on-lending to SMEs, particularly those operating in the agriculture sector, to meet their short-term and working capital finance needs. The project is expected to have the following specific development impacts: (i) increase access to financing for SMEs; (ii) preserve jobs; (iii) support financing of the agribusiness value chain; and (iv) foster competition in Russia''s financial sector dominated by state-owned banks.
BWL Project Brunswick Wagon Leasing Limited (BWL or the Company) is a recently established leasing company providing freight railcars to corporate clients in the Russian Federation.  It generally provides the railcars on an operating lease basis (where the residual value of the railcars remains with BWL).  It is a wholly owned subsidiary of Brunswick Rail (Brunswick or the Group), one of the largest privately-owned freight railcar leasing companies active in the Russian Federation with a fleet of over 14,000 railcars.  The Group is looking to expand its fleet over the next 12 months to optimize its operations and achieve the critical mass it needs to thrive in the sector.

IFC has previously provided two loans to another subsidiary of the Group (Brunswick Rail Leasing which provides railcars on both an operating and financial lease basis) and has an equity stake in Brunswick. The Project would: (i) support the continued development of a key private sector player in the nascent Russian railcar leasing sector; (ii) contribute to the development of the transportation and logistics sectors in the Russian Federation, facilitating economic growth particularly in the economically disadvantaged hinterland; and (iii) by financing the construction of additional railcars, it would help avoid a supply crisis over the next 5-10 years as the bulk of RZhD's fleet reaches the end of its useful life.  Most of Brunswick's fleet are unrelated to the oil sector and thus help facilitate the diversification of the economy.  The availability of new, more reliable railcars would also help sustain the competitiveness of Russia's railway sector, mitigating the risk of trucking replacing railways with the attendant increase in harmful GHGs.
Russian Standard Bank II RSB was established in June 1999 as a new commercial and retail bank with a license to conduct full-scale banking operations.  Since its creation, RSB has rapidly increased its retail loan portfolio and is well-positioned to become a market leader.  The Bank is now considering how to leverage its retail lending experience in order to enter the SME market by applying similar techniques and to build a profitable small business finance operation, focusing on segments of the market where there is most overlap with providing financial services to individuals.  As of the end of 2001, the Bank had a strong net worth of US$28.6 million and assets of US$71.2 million equivalent.     Development Impact:    The limited development of the financial sector is one of the major weaknesses of the Russian economy.  This project would help address these weaknesses in two ways.  First, retail banking is very restricted in Russia; only a small percentage of the population have bank accounts, and consumer lending to individuals is minimal.  RSB could have a significant impact on the development of the sector, both through its own activities and through the demonstration effect on other banks, resulting in considerable benefits for development of a real retail banking sector in Russia.  Second, a significant proportion of RSB''s business will involve lending to SMEs.  Whereas in most countries in the region, SMEs have been an engine of economic growth and constitute the backbone of the economy, Russia''s SMEs cannot realize their growth potential due to insufficient access to external financing and lack of financial services.  Development of RSB''s SME operations will help broaden SMEs'' access to bank financing.     WBG Strategy and IFC Role:     Helping the development of the local banking sector and its recovery from the financial crisis of 1998 is a central part of the World Bank Group''s strategy in Russia.  Commercial sources of equity and other long-term funding for Russian banks remain very limited unless they belong to one of the big financial industrial groups.  Therefore, IFCs equity investment in RSB would help the Bank continue its dynamic growth and allow it to leverage its experience in retail lending by building a small business finance operation.     The project will also support IFCs strategy in Russia by identifying banks which, over time, can grow into substantial commercial lending institutions, and become significant players in the financial sector and the economy in general.  RSB is one such institution which requires additional capital as well as the benefit of external corporate guidance to implement its ambitious growth strategy.
Rusfinance EECar The proposed project is to provide up to $50 million IFC A loan and, depending on market conditions, up to $50 million IFC B loan, backed by a CELT-type guarantee from Societe Generale, to Rusfinance Bank (Rusfinance or Bank). The loan is intended to help Rusfinance launch its Green Car lending product for environmentally friendly vehicles, including hybrid, electric, gas and low emission petrol engines with CO2 emission lower than 150g/km.   LLC Rusfinance Bank is the consumer/auto lending subsidiary of Société Générale in Russia. The Bank was acquired in 2005 and as of end-2011 ranked #41 in Russia with over $3.4 billion in assets*. Rusfinance is one of the leading players in the Russian retail banking market: was ranked #1 in the car loan market in 1H2011** and is among the top-five banks in the point-of-sales lending market***. The Bank operates in 67 regions in Russia reaching approximately 93 % of the Russian population, with over 17,559 active points of sales**** reaching more than two million customers.  *Source: the RBC rating of Top500 banks on net assets ** Source: the RBC rating of banks on CAR loan market *** Source: Frank Research Group, The CBR, Rusfinance **** where at least one loan per quarter is granted 1.	Development of sustainable "green products" in Russia, and particularly financing of CO2 efficient vehicles compliant with current noxious emissions standards or better, that directly contributes to the protection of the environment and human health.  2.	Given that Rusfinance will be financing eco-friendly vehicles, including those manufactured in Russia, which meet the CO2 and other emissions criteria (such as GAZ and YO-mobile), it would further strengthen the development of the Russian economy and local employment outside of raw materials sector. 3.	Using global best practices and in close cooperation with the WB experts, including Societe Gererale Group, IFC would develop and pioneer a new "green" car lending product that is in demand in numerous developing and developed markets, thus building this solid platform for product replication worldwide.
CPLF - KuAz The proposed investment would support Kuibyshevazot Open Joint Stock Company (KuAz) in implementation of its energy efficiency and cleaner production program. The program is expected to result in significant energy savings and reduction of greenhouse gases emissions. Investment to be financed under the proposed project will help KuAz implement its energy efficiency and clean production program, and ultimately achieve reduction of greenhouse gases emissions and reduction in energy consumption.
Volga Shipping Company Volga Shipping Company (VSC or the company) is one of Russias largest river and sea shipping companies involved in the transportation of bulk cargo and passengers. VSC was originally founded in 1843. The proposed project will support the financing of the companys vessel renewal program.
Pulkovo Airport The Project is to expand, develop, operate and maintain Pulkovo airport in St. Petersburg (the City), Russian Federation. Pulkovo is the only civil airport in the City and the fourth largest airport in the Russian Federation, serving 6.8 million passengers in 2009. 

In order to modernize the airport and address capacity constraints, the City decided to tender a 30-year concession to operate the existing airport facilities, construct a new terminal, which significantly expands the current terminal facilities, and invest in new airside and landside infrastructure to achieve an airport capacity of 17 million passengers per annum (the Project). The Project is Phase I of a master plan for the development of Pulkovo airport with future phases to be developed and funded at a later stage in accordance with the concession agreement. 

The concession has been awarded to Northern Capital Gateway (the Project Company), based on a competitive and transparent procurement process, under the terms of a Public Private Partnership Agreement (PPPA) that was signed on October 30, 2009. The proposed IFC financing will be used for the construction of the new terminal and associated facilities as well as the refurbishment of existing infrastructure and buildings at the airport. It is expected that major construction works will commence in 2010 and be completed by the end of 2013. The Project is the first competitively and transparently procured airport concession in Russia and is expected to have a positive demonstrative effect for other planned PPP projects in Russia, which is of particular importance given the large infrastructure needs of the country.  

The Project will support the continued growth of the regional economy around St. Petersburg and improve a key infrastructure bottleneck. It is expected that Fraports role as lead operator will significantly improve the efficiency of airport operations as well as standards of service. The Project will also enhance the energy efficiency of the buildings at the airport.
Russkiy Mir The Russkiy Mir Group (the Group or the company) is the largest private owner of railroad tank cars (RTC) in Russia.  The project involves an IFC loan of up to $60.0 million to the Group to help finance the purchase of RTCs and associated infrastructure.
Rus Mortgage Sec The project involves providing support to the first mortgage-backed securitization in the Russian Federation, where the development of a market-based refinancing mechanism is critical to the development of a sustainable mortgage finance cycle.

IFC is considering providing support to the issue of mortgage-backed securities (MBS) to international investors. Under the proposed arrangement, IFC will provide credit support to the issuance of senior notes to allow the senior notes to receive an appropriate international rating.

The mortgage pool to be securitized is comprised of residential mortgages. The residential mortgages will be sold to a special purpose vehicle (SPV) which will issue debt instruments that investors may purchase, and IFCs credit support would be in favor of the owners of these senior debt instruments. The owners of these debt instruments would own the rights to the principal and interest payments made under the residential mortgage agreements, and IFCs credit risk will depend on the underlying mortgages.

The project will contribute to development of a secondary mortgage market generally and MBS market development in Russia more specifically based on proven origination standards. The structure of the transaction is designed to be replicable, and may offer a useful template for use by other originators and arrangers for subsequent transactions. Since the Russian legal basis for securitization is also being developed, this project may also influence the domestic securitization market by establishing a market standard for MBS transactions and increased transparency.