devinitorg/iati-policy-markers huggingface dataset:
GFO Loan II The project consists of a proposed IFC investment to support the growth of Grupo Factoring de Occidentes (GFO or the Company) factoring portfolio (the Project) to small and medium enterprises (SMEs) in Colombia. The Project will enable IFC to re-engage with a non-banking financial institution with a proven business model for delivering liquidity solutions to SMEs and mobilize additional funding to diversify their funding sources. The investment will also support the growth of the factoring market in Colombia, which is currently at an early stage.   Created in 1995, GFO is one of the first factoring companies established in Colombia and has positioned itself as a market leader, differentiating itself from other factoring companies through service and agility. Through this project, IFC will support an innovative Colombian non-banking factoring company to increase its reach by becoming an alternative funding source to more SMEs while broadening the implementation of its proprietary e-factoring invoicing platform for the sector at large.  The proposed financing could help make financing available for the discount of over 160,000 SMEs' invoices each year. Additionally, by increasing the size of GFO's operations, the Project will support employment generation within the Company. The Project will also contribute to the development and competitiveness improvement of the factoring industry in Colombia, by helping to promote the development of innovative funding products for SMEs and boosting the growth of a non-banking market leader.
Pacific Infrastructure Pacific Infrastructure is a newly formed Holding company which will own several companies in Colombia dedicated to logistics and infrastructure for the Oil & Gas Sector. The two initial project companies are:  Puerto Bahia S.A., a wholly owned subsidiary that is building a bulk liquids terminal in the Bay of Cartagena specialized in handling crude oil and other hydrocarbons. The port will have an installed throughput capacity of 300,000 barrels and a storage capacity of more than 3 million barrels. The 155 hectares site will also include a general cargo handling facility, initially for Ro-Ro, dry bulk, project and general cargo and includes a 45 hectares Industrial Free Trade Zone.  Olecar, a greenfield 130 km pipeline that connects Puerto Bahia with Coveñas, the node where most of the existing trunk oil pipelines in Colombia lead to. The pipeline has been designed with a throughput capacity of 300,000 barrels.  Pacific Infrastructure is expected to own 100% of Puerto Bahia and 50% of Olecar. Ecopetrol has been invited to participate as shareholder of the remaining 50% in Olecar. The company was created with the specific purpose of developing these projects, and invest in any other infrastructure projects which can be developed by the Group. The project will contribute to Colombia''s competitiveness in the port sector and help overcome infrastructure bottlenecks in the oil export activity: (i) will provide service to oil crude producers that are having difficulty in accessing the international markets without restrictions, (ii) will generate resilience to the overall crude oil export logistics (ii) will provide needed additional capacity for bulk cargo handling with state of the art technology. The main development impact which will be tracked in both projects, is the throughput volume seen in both the port and the pipeline. Pacific Infrastructure will create additional jobs in Cartagena. It will also support the Government with increased concession payments and taxes.
Bancamia Bond IFCs proposed project consists of a bond investment of up to COP100,000 million in Bancamia (the Bank) to support the growth of the Banks microenterprise loan portfolio in rural areas of Colombia. Bancamia started operating as a bank in 2008 and is currently Colombias largest private microfinance institution. The proposed investment is expected to have the following development impact: (i)	Increase banking penetration and access to financial services to underserved microenterprises in Colombia; (ii)	Increase employment generation, since micro and small enterprises are the main drivers of employment;  (iii)	Increase the access to finance to underserved women micro-entrepreneurs;  (iv)	Expand the availability of financial services in the rural areas of Colombia; and (v)	Deepen financial and capital markets in Colombia.
ISC-EWA II Project The proposed investment is an equity investment of up to US$2.0 million in EWA Ventures Fund II (the Fund), a venture capital fund focused on investing in early-stage technology companies in Latin America, with a primary focus on Colombia. The project is expected to be supported by the Womens Entrepreneurship Finance Innitiative (We-Fi)  as described in the Blended Finance Section. 1.	Increased access to pre-seed and seed stage equity in Colombia, as well as other countries across Latin America & Caribbean, especially for women led and women focused ventures.
2.	Increased ability for startups to scale operations.
3.	The Fund is expected to increase market competitiveness by developing the local start up and venture capital ecosystem.
FDN EQ Project The proposed project consists in a potential equity investment to acquire up to 20% of Financiera de Desarrollo Nacional (FDN)s total capital as part of the transformation of FDN into a catalytic entity for infrastructure financing in Colombia. IFC''s expertise in other regions has shown that infrastructure focused financial institutions can play a catalytic role in the markets. The proposed project is therefore expected to have a major impact in Colombia. Some of the most relevant development impacts will be:  (i)	Development of  the Infrastructure Finance Market: IFC will support the creation of an institution that is expected to develop further the infrastructure financing market in Colombia, thus, supporting the development of the infrastructure sector in the Country.  (ii)	Institutional capacity building: Supported by IFC, FDN will develop its own project structuring capabilities. This is vital for Colombia as  structuring capabilities of domestic financial institutions and state and local governments  for complex infrastructure projects are limited.  (iii)	Increased Competitiveness: The project is expected to have a strong impact on the Country''s infrastructure competitiveness, which in turn will enhance Colombia''s private sector competitiveness thereby increasing its capacity to generate new jobs and support inclusive economic growth.
Davivienda EQ The proposed project is to provide a $200 million financing package to Banco Davivienda S.A. (Davivienda or the Bank).  This financing package will be used by Davivienda in connection with its acquisition of Granbanco S.A. (Granbanco). 

The acquisition of Granbanco represents a unique opportunity for Davivienda in order to: 

- obtain immediate access to an extensive branch network, including branches in regions not currently covered by the Bank; 
- a well-diversified, low-cost deposit base; 
- the existence of international branches in Panama and Miami;
- a well organized treasury department with a very active trading desk, which complements the existing treasury structure of Davivienda; 
- high liquidity that can be easily converted into loans or cash; and
- the possibility to become Colombias third largest bank and to be much better positioned to face the challenges for a more competitive financial sector. The proposed project is expected to have a strong development impact, as it will:

- support Davivienda, a key player in the banking sector, in its diversification and expansion strategy and its consolidation in the Colombian financial sector; 
- improve the financial fundamentals of the Bank by diversifying its funding sources and reducing its maturity mismatches;
- mobilize syndicated funding from international banks on terms otherwise not available; and
- continue contributing to the transformation of the Colombian mortgage sector, as the former savings and loans institutions shift their focus from financing mortgages to origination and securitization; at the same time further escalating their universal bank model.
TCBuen Project Sociedad Portuaria Terminal de Contenedores de Buenaventura (TCBuen, or the Company) will construct and operate a new container terminal in the port of Buenaventura, the only significant Pacific coast port in Colombia.  The Project will involve the development, engineering, construction, dredging, equipment purchases, and operation of the terminal. Once completed, the terminal will handles about 268,000 TEUs of container traffic each year during its first phase. The Project is expected to deliver considerable development impact by (i) reducing the costs of transportation, thereby benefitting shippers, shipping lines and consumers; (ii) increasing competition in the market and encouraging other terminal operators in Colombia to improve the efficiency of their own terminal facilities, thereby spurring increased trade in the region; (iii) yielding higher concession revenues to Colombia, which can be diverted to much needed rural development and poverty alleviation programs; (iv) creating jobs in a country still facing high levels of unemployment and income inequality.  According to 2006 data 80% of inhabitants in Buenaventura live below the poverty line and 43% are considered to be in extreme poverty (almost double the national rate); and (v) diversifying the cargo mix at Buenaventura as wider variety of shippers are attracted to lower costs of transportation.
WWB Popayan II The proposed project involves supporting Fundación Mundo Mujer Popayan (FMM Popayan or the Company), a local specialized microfinance institution that is one of the Colombian associates of the Womens World Banking Network. Through IFCs financing, FMM Popayan will be able to continue growing and diversifying its funding sources in order to increase financing options for low income individuals who are currently underserved, specially micro entrepreneurs and women located in rural areas. The development impact of IFCs financing to FMM Popayan is expected to be high, as it will enhance the Companys ability to support productive MSMEs which will in turn stimulate growth, employment generation and poverty reduction. IFCs financing will also lead to the incorporation of women and their families to economic activities. In addition, FMM Popayan will be able to increase its outreach and sustainability incorporating thousands of new micro enterprises to the formal financial sector. With IFCs US$6 million loan, the Company will be able to reach directly over 15.000 new clients within the next four years.
Bancamia II Bancamia, a micro finance institution,  was created in 2008 as a joint venture between Corporación Mundial de la Mujer de Medellín, Corporación Mundial de la Mujer Colombia and Fundacion Microfinanzas BBVA.

The proposed project is part of IFCs support to Bancamias transformation process from an NGO to a bank, in order to increase access to finance to micro enterprises, low and middle income segments, rural populations, and women. The project has been designed as a blend of advisory services, equity and debt, where IFC is acting as an advisor and partner geared at facilitating the growth of the Bank. The investment is aimed at supporting the Banks growth strategy. The funds will finance micro entrepreneurs and low income segments in frontier regions and small and medium sized municipalities, where commercial banks are not present. The development impact indicators for this project will include: 
Increased access to micro entrepreneurs in terms of amounts and the number of clients. 
Expanded geographical reach on financial services.
Improving asset quality of portfolio.
Enhanced capacity in environmental and social management.
DFP Credicorp The proposed transaction consists of an investment of up to US$50 million equivalent in COP or up to 15%   of the total commitments in FCP CC Deuda Privada I (FCP Credicorp or the Fund), a debt fund to be established in Colombia by Credicorp Capital Colombia S.A. (Credicorp Capital or the GP). The Fund will provide structured long-term debt to performing medium and larger size enterprises. IFC anticipates that the Project will improve the credit available for medium and larger size enterprises to support their growth. The longer-tenors and customized, flexible forms of finance will facilitate the borrowers growth. Beyond the project-level impact, IFC anticipates that the project will promote competitiveness in the Colombian market by helping develop the debt fund market in Colombia. This will be achieved through the demonstration and competition channels.
Itau-CBC Subdebt The project consists in a proposed syndicated subordinated loan to Itau Corpbanca Colombia (Itau-CBC or the Bank) to support the Bank consolidation in the Country, support the growth of its SME and climate-smart loan portfolio and strengthen its capital requirements (the Project). By providing the most needed form of long-term financing for the Bank at this time, the Project will enable IFC to continue supporting a key partner in Colombia and Latin America with an interest in increasing its footprint in the SME and climate-smart segments. The development impact of the project is expected to be high as IFC's investment will enable greater cross-border financial integration in LAC, as it will continue to support Itau-CBC to consolidate in the Colombian market by supporting its SMEs and climate-smart loan portfolio growth. Furthermore, the proposed transaction will support the creation of a financial services platform with deep roots in Latin America. This is expected to diminish the volatility derived from large international investors entering and exiting developing markets. 

Supporting the Itau Group in a highly-concentrated market as the Colombian banking sector is key to secure competition amongst banks, which in turn can translate into more affordable terms for the public, specially SMEs and climate-smart projects. One of Itau-CBC's strategic objectives is to continue focusing on the SMEs business, as more than 62% of SMEs in the country report lack of available financing as a material constraint for growth.
Kandeo Fund II L.P The project entails an IFC equity investment of up to $20 million in Kandeo Fund II (Kandeo II or the Fund), a private equity fund focusing on high-growth Small and Medium Enterprises and Mid-caps operating in Colombia, Peru and Mexico (the Countries). The Fund will target business opportunities in financial services companies servicing Micro, Small and Medium Enterprises and individuals in the Bottom of the Pyramid. The Fund is expected to have strong development impact as it will invest in high-growth companies which are looking to replicate their successful business models within the Countries, therefore having a relevant impact in job creation and so contributing to economic development. In addition, the focus of the Fund on companies that offer financial services to the lowest socioeconomic segments of the population will propel financial inclusion in the Countries.
BCB GreenBondDCM table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }     The project entails a Green Bond to be issued by Bancolombia S.A. ("Bancolombia" or "the Bank") in the Colombian local bond market which will be subscribed by IFC. The green bond proceeds will be used for renewable energy and green building projects in Colombia. This project will be supportive of the Country's climate change goals of reducing GHG in 20% by 2030. The project entails as well the first Green Bond issuance in Colombia and so would potentially support the creation of a Green Bond market in the country.
Pontificia Universidad Javeriana Pontificia Universidad Javeriana is a leading university in Colombia, ranked as the 4th best quality university in Colombia. It has 23,000 students, of which 4,000 are graduate students. Most students are in the campus of Bogota; there is a smaller campus in Cali (7,000 students). Javerianas students come mostly from middle income strata (65%) with an additional 8% coming from lower income backgrounds and the remaining 27% of the students from high income strata.   The University is looking forward to develop a US$ 94m project, for the construction and equipping of university buildings in the main campus of Bogota (Universidad Ciudad building, and the faculty buildings to house engineering, health and life sciences and medical studies) as well as the construction and equipping of the continuing education building in Calle 125. - Promoting quality tertiary education services in Colombia: Javeriana is investing in professors, lab spaces, arts and sciences buildings, and research.  It will remain as one of the leading universities in the country. It has received 8 years of high standards voluntary institutional accreditation. - Generating Qualified employment: Javeriana will continue to graduate highly qualified individuals, with strong ethics and adequate professional technical and soft skills.  These individuals will not only continue to have high employability given the high relevance of Javeriana''s programs to the job market, but also have very strong community skills.  These will be critical in post-conflict Colombia, where leadership in the regions will be necessary. - E&S: Javeriana will implement IFC Performance Standards in the different faculty and administrative areas.  It will also implement recommendations from IFC''s Green Building specialists (Key Performance Indicators) for suppliers in construction and maintenance contracts.  Javeriana will also continue leading by example in the area of sustainable resources (energy, water).  Also, as Javeriana has leading architecture, engineering and environmental studies faculties, it wishes to implement these EDGE concepts in its academic curriculum.  Finally, IFC will continue to collaborate with Javeriana in the design of the EDGE certification for Education institutions.
BancompartirBond This Project consists of subscribing senior bonds to Bancompartir (the Bank) for up to COP 50,000 million (approximately US$16.5 million), to support the growth of the Banks microenterprise loan portfolio. IFCs financial support and mobilization efforts should send a positive signal to the market, as it would provide medium-to-long term financing through a bond issuance aimed at targeted institutional investors, ultimately deepening financial and capital markets in Colombia. The development impact of the project is expected to be high as IFC''s investment should enhance the Banks''s ability to support productive micro-enterprises which will in turn stimulate growth, employment generation and poverty reduction. Additionally, the Bank should be able to increase its outreach and sustainability by incorporating new entrepreneurs into Colombia''s formal financial sector through lending and savings products.   IFC''s financial support and mobilization should send a positive signal to the market, as it would provide medium-to-long term financing through a bond issuance aimed at targeted institutional investors, ultimately deepening financial and capital markets in Colombia, and creating a track record for this new issuer.
CF Amalia sub-debt Colombia The project involves a Subordinated Bond issued by Banco Corpbanca Colombia S.A. (the Bank) to be subscribed in part or in whole by IFC and the IFC Capitalization Fund, LP. The purpose of the proposed investment is to support the Banks growth plans in Colombia. The development impact of IFC''s investment in this Project is expected to be high given that:   - The Project would enable greater cross-border financial integration in LAC, as it would assist the Bank to consolidate its presence in a new market.  By becoming a regional player and a systemic bank in the Country, the Bank and its Sponsor would be (a) promoting commercial trade between two or more countries; b) supporting the increasing trend of companies setting operations and expanding regionally, and (c) improving institutions and investment climate through higher ESG standards. - The proposed transaction would support the creation of a financial services platform with deep roots in LAC. This is expected to diminish the volatility derived from large international investors entering and exiting developing markets. Clients will gain additional confidence in the banking system leading to overall increased economic stability.   - One of the Bank''s strategic objectives is to continue focusing on the SME business, as the majority''s of the Country''s total SMEs lack adequate access to bank financing.
DARP Bancolombia The proposed project consists on the structuring of a recurrent purchase program of Non-Performing Loans (NPLs) originated by Bancolombia and its subsidiaries. IFCs involvement in this program, coupled with a strong package of corporate governance, and workout guidelines, would allow it to act positively in the market place by setting an example of a distressed asset resolution mechanism, that could foster best practice in the nascent local NPL market.
PacificMidstream Pacific Midstream Holding Corp (PM or the Company) is a new vehicle created by Pacific Rubiales Energy (PRE) to hold its interests in hydrocarbons and electricity transport infrastructure assets, and expand PRE´s oil & gas infrastructure business.    The table below includes the Companys assets and projects:        Asset      Type      Length (km)      Status      Ownership      Operator       Oleoducto de los Llanos Orientales S.A (ODL)    Oil pipeline    260    Operational    35%    Ecopetrol      Oleoducto Bicentenario de Colombia S.A.S     Oil pipeline    230    Operational    41.53%    Ecopetrol      Petroelectrica de los Llanos S.A.(PEL)    Electricity transmission    260    Operational      100%    PEL       La Creciente Tolu    Gas Pipeline    88    RoW acquisition /final Design    100%    PM      PM has invited IFC to invest in a $350-400 million private equity placement (the Offering). - Multiplier effect: the IFC investment will support the closing of the hydrocarbon and electricity transport infrastructure gap in Colombia. This will result in substantial efficiencies through reductions in logistic costs and improvement of the economics of hydrocarbon fields, thus promoting further upstream investments. These investments will in turn result in increased regional economic activity, higher production and export revenues, and royalty revenues for the Government.    - Positive environment and social outcome: The investment will also contribute to the reduction of greenhouse emissions by displacing oil trucking, while at the same time reducing the hazards associated to that activity.
Bold Equity The project consists of an equity investment for a minority stake in Bold Ventures SL. (Bold, or the Company), an independent offline payment acquirer in Colombia that enables offline merchants to accept card and digital payments. IFC is proposing up to US$10 million in preferred equity financing to support the Companys operations and continued expansion. Project Outcomes: Stakeholder Effects: Improved access and quality of digital payments -  The project will support a leading digital acquirer grow acceptance of digital payments and services among customers and businesses in Colombia, including among underserved MSMEs. In addition to scaling merchant acquiring operations, the project will support the development of value added services for merchants, including lending offerings.

Market Outcomes: Competitiveness - IFC anticipates that the Project will foster competitiveness in the payments acquiring and value added services for MSME merchants in a context where few MSME merchants have access to affordable and easy-to-use acquiring solutions or value added services.