devinitorg/iati-policy-markers huggingface dataset:
Eurobank MTG/WCL Eurobank a.d.Beograd is a subsidiary of Eurobank Ergasias. The bank is the seventh largest bank by total assets in Serbia. It is a universal bank, operating through the network of more than 100 branches and business centers across the country. Eurobank a.d. entered Serbian market through acquiring Postbank Beograd a.d. in March 2003 and in October 2006 Nacionalna tedionica - banka a.d. International Finance Corporation ("IFC") proposed financing of up to EUR35 million is to support the Banks lending portfolio for the purpose of housing/mortgage lending and trade finance activities. In result this project will: -              Directly stimulate development and growth in Serbia''s mortgage market through access for finance for low income clients by providing more funds available at the retail level for low-income housing. Help the Bank to increase its market share in the mortgage sector; -              Support growth and export promotion in the country by increasing access to short term financing for working capital and trading needs of companies in Serbia with direct impact on country''s economic growth. -              Promote job opportunities by supporting growth to key economic sectors.
PMC Serbia Project CLN Group, and Proma Group, two Italian automotive suppliers (the Sponsors) have decided to jointly invest in Serbia in a Greenfield metal stamping factory (the Project). The Project will be located in Grosnica, a supplier park dedicated to FIATs new plant in Kragujevac.  FIAT current production capacity in Kraguievac is 20,000 car/year and is expecting to grow to 140,000 car/year by 2013 and potentially 300,000 car/year by 2015. The Project will produce for FIAT, seat structure, safety component and system, suspension and car jacks, with manufacturing processes including press, assembly and painting. The plant is expected to create 367 skilled jobs. Sustainable employment creation - The Project is expected to create at least 367 skilled jobs in Sumadija District, a frontier region of Serbia. Support FDI in Serbia - Channeling foreign direct investment is a priority for Serbia. The project will contribute to balancing Serbia''s large current account deficit.  Support export oriented industry - the project will sell its product to FIAT assembly plant in Kragujevac, which will export 90% of the production. Technology transfer - MA and Proma are FIAT trusted suppliers and have state-of-the-art technologies and efficient processes. Local staff will be trained to new, highly competitive standards.
PWW Deponija d.o.o. Jagodina The Consortium of Allgemeine Baugesellschaft-A. Porr A.G. (Porr) and Werner & Weber Warenhandelsgesellschaft mit beschränkter Haftung (WW) (to be collectively referred as PWW) was awarded the contract to design, build, finance and operate the new solid waste landfill in the City of Jagodina, Serbia, and to operate the local waste collection system. The IFC project entails the financing of the landfill operation, PWW Deponija d.o.o. Jagodina (Deponija Jagodina, or the Project). The construction and financing of the subject landfill operation, the following benefits are expected to be realized:    Support to public infrastructure: The Project will enhance the private sector participation in public infrastructure development in Serbia under a PPP structure, which still needs to gain further momentum in the transition economies.    Improved quality and standards: Given the Sponsors extensive experience in infrastructure construction in Western Europe, the Project is expected to facilitate the transfer of technology, knowledge and know-how, thereby improving the quality and standards of waste management in the target municipalities.      Enabling construction of a necessary project: Given that the first phase of the local landfill of the Municipality of Jagodina has approached its capacity, the second phase investment has become a necessity.  Such investment would have been extremely challenging for the Municipality of Jagodina to finance through its own resources under the current investment climate.  The involvement of PWW as the strategic investor, and IFC as the financier will enable this necessary project to come to fruition.
DCM ERSTE SRB MREL The proposed project is to invest up to EUR65 million (equivalent to USD69 million) for IFCs own account in Minimum Requirement for Own Funds and Eligible Liabilities (MREL) eligible senior preferred (SP) instrument to be issued by Erste Bank A.D. Novi Sad (EBS or the Bank), a reputable bank in Serbia and a subsidiary of Erste Group, IFCs strategic partner and one of the largest banking groups in Europe (the Project). The proceeds of IFCs investment will be used to support the Banks MSME clients and climate change mitigant projects. The most significant, expected project-level outcome is increased access to MSME and climate finance in Serbia. Beyond the project, IFC anticipates that the investment will promote greater market resilience by creating a strong benchmark for both EBS and other systemic banks to undertake issuances of MREL-eligible instruments and through demonstration effect and replication channel. SMEs dominate the Serbian business economy, accounting for 99% of all enterprises and employing more than 65% of the countrys labour force. Yet, according to the SME Finance Gap Report, the SME financing gap in Serbia is estimated at about 20% of GDP, with about 42% of SMEs being fully or partially credit-constrained.  The long maturity SP MREL proceeds will allow the Bank to increase lending to MSMEs and to provide more longer-term investment loans. Also, IFC anticipates that this project will increase access to climate finance with minimum 30% use of proceeds dedicated to this area. Serbia faces a very large climate finance gap to meet its green transformation agenda and the Nationally Determined Contributions.  With IFC financing, EBS is planning to increase its climate finance portfolio, which is focused on renewable energy, 3.6x times within 5 years from the current baseline.
WCS COVID OBS Opportunity Bank a.d. Novi Sad (OBS or the Bank) was established in 2002 as a wholly owned subsidiary of Opportunity Transformation Investments Inc. (OTI), a holding company owned by charitable organization Opportunity International.    The Bank is the largest lender to the micro enterprises segment in Serbia. OBS operates through network of 30 branches across the country.   International Finance Corporation (IFC) proposed financing of up to US$ 14.5 million (Euro equivalent) under the FIG COVID-19 Emergency Response Working Capital Solutions Envelope (WCS Envelope), is designed to provide funding to  trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic.   IFC financing will support the Bank's working capital and trade-related lending program to Serbian enterprises, including small and medium enterprises. All projects under the COVID-19 Facility share the same development thesis that, by supporting its clients' capacity to sustain operations during this acute shock, IFC best positions the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities.
PWW Deponija Dva d.o.o. Leskovac PORR WERNER & WEBER D.O.O,  consortium comprising of Porr Umwelttechnik GmbH  (PUT) and Werner & Weber Warenhandelsgesellschaft mit beschränkter Haftung (WW) (to be collectively referred as PWW) was awarded the contract to design, build, finance and operate the new solid waste landfill in the City of Leskovac, Serbia, and to operate the local waste collection system. The IFC project entails the financing of the landfill operation, PWW Deponija Dva d.o.o. Leskovac (Deponija Leskovac, or the Project). The construction and financing of the subject landfill operation, the following benefits are expected to be realized:    Support to public infrastructure: The Project will enhance the private sector participation in public infrastructure development in Serbia under a PPP structure, which still needs to gain further momentum in the transition economies.    Improved quality and standards: Given the Sponsors extensive experience in infrastructure construction in Western Europe, the Project is expected to facilitate the transfer of technology, knowledge and know-how, thereby improving the quality and standards of waste management in the target municipalities.      Enabling construction of a necessary project: Given that the first phase of the local landfill of the Municipality of Leskovac has approached its capacity, the second phase investment has become a necessity.  Such investment would have been extremely challenging for the Municipality of Leskovac to finance through its own resources under the current investment climate.  The involvement of PWW as the strategic investor, and IFC as the financier will enable this necessary project to come to fruition.
Vino Zupa AD The Vino Zupa AD project includes a corporate loan of up to EUR 12.5 million for capital investments, including additional bottling and fruit concentrate capacity and investment in the energy block (EUR 3 million); (ii) E&S wastewater treatment improvements to bring the Company into compliance in accordance with IFC Performance Standards and applicable World Bank Groups Environmental, Health and Safety Guidelines and EU standards (EUR 1.5 million); (iii) re-financing a portion of its existing short / medium term debt facilities (with up to 2 year maturities) on a longer term basis (EUR 6 million); and (iv) provision of additional, permanent working capital (EUR 2 million) (the Project). The Project will enhance the Companys E&S standards and overall performance, reduce funding risk and strengthen the Companys liquidity position. During appraisal, IFC has also explored possible AS work with regard to supply chain linkages, inclusive business opportunities and sustainable business practices. The development impact of the project is expected to include: (i)	strengthening of agribusiness linkages and indirect support to farmers; (ii)	support of a Company based in a frontier region in southern Serbia, one of the least developed areas in the country; (iii)	support of an agriculture company involved in value added production and exports in a sector important to the Serbian economy; and (iv)	job preservation in a severely underdeveloped region where a substantial portion of the local population depend on the Company for the livelihoods.
Victoria Group IFC is considering an investment up to US$75 million in Euro equivalent in Victoria Group a.d. (Victoria, or the Group). Victoria is a leading agro industrial group in Serbia with a primary focus on processing of soybean and sunflower oilseeds and grain trading. The Group employs over 1,800 people. IFCs loan proceeds will be used to finance the Groups permanent working capital financing needs and restructure the Groups debt financing towards a longer term, more stable structure that is suitable for the nature of the Groups operations. The long-term facility will be used partially to provide input financing to farmers needed to produce oilseeds for processing on the Groups plants. Thereby, IFCs investment is expected to strengthen the support to farmers and increase the sustainability of the Groups operations. The development impact of the Project is expected to include: (i) Strengthening of agribusiness linkages and support to farmers:  given the strong linkages of Victoria Group with farmers, provision of longer term permanent working capital will help ensure stable access of pre-harvest financing to farmers; (ii) Job preservation:  the Group employs about 1,800 people across its operation and collaborates with about 400 partners which in turn supply the Group from over 25,000 farmers;  (iii) Increase tax revenues:  IFC''s investment will contribute to the growth of government revenues from taxation; and (iv) Addressing food security concerns: IFC''s investment will contribute to food security and in meeting the challenges of increasing demand and food crisis.
OBS MFI Project 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; }     Opportunity Bank a.d. Novi Sad is a wholly-owned subsidiary of Opportunity Transformation Investments Inc., a holding company owned by charitable organization Opportunity International. The bank is the twenty-third largest bank by total assets in Serbia. It is a universal bank, operating through the network of 26 branches across the country. Opportuntiy Bank a.d. Novi Sad business focus is to service micro clients in rural areas. The business was established in 2002 as Opportunity International Stocks Savings Bank.       International Finance Corporation ("IFC") proposed financing of up to EUR 8.5 million, local currency equivalent, is to support the  Banks lending portfolio for the purpose of micro and small enterprises lending in local curency. 1. Secure access to finance to underserved segments in the Serbian economy.
2. Develop a positive economic impact by propping up economic growth, improving access to finance in economically and geographically excluded regions, generating new jobs and improving quality of life. 
3. Help the Bank reduce its foreign currency exposure, better manage assets and liabilities and improve its risk profile.
ProCredit MSME ProCredit Bank Serbia (the Bank or PCB) is a full scale commercial bank, whose core business is the provision of credit and other banking services to very small, small and medium-sized enterprises and lower and middle income savers who have previously had limited access to formal financial services.

The project consists of a EUR 20 million senior term loan to the Bank. The facility would be dedicated to financing Medium and Small-sized enterprises (MSME). The development impact for the project is high. It fosters: 

Term funding for MSMEs:
- By supporting PCB, IFC will indirectly help Serbian enterprises and support economic activity, including with the much needed development of the countrys MSME sector, and job protection and creation.

Countercyclical role:
- IFC investment would help banking sector sustain its recently built trust, during this crisis inflicted period.
AIK Banka SME The proposed project is an investment with AIK Banka a.d. Belgrade (AIK Bank, or the Bank), which consists of (i) a guarantee facility under IFC Global Trade Finance Program (GTFP) with a limit of US$10 million for a tenor of up to 12 months; and (ii) a 5-year senior loan for an amount of up to EUR50 million (the Loan); (collectively, the Project).  The Loan will support the expansion of the Banks lending program to SMEs and at least 20 percent of the loan will be earmarked for climate loans to SMEs.  The Projects objectives include: (i) improving access to finance for SMEs in Serbia with a particular focus on green financing, and (ii) supporting a local player with a regional expansion strategy in a context otherwise dominated by large Western-owned regional banking groups. IFC will support AIK to provide increased access to financing for SMEs, and through climate finance support some of these SMEs in greening their business. At the market level, IFC anticipates that the investment will promote greater market competitiveness within the climate finance market in Serbia, through demonstration and replication channels.
Dolovo Wind The proposed investment involves providing debt financing
for a 158 MW greenfield wind power plant, in the Kovin municipality Serbia (the
Project). The Project is wholly owned by Vetroelektrane Balkana d.o.o - WEBG
(the Project Company), a limited liability company incorporated in Serbia.
The capital expenditure required to implement the Project amounts to
approximately EUR 300 million. Construction of the project has commenced in
2017 and commercial operations are expected to begin by Q4 2018/Q1 2019. The
Project is being primarily developed by Abu Dhabi Future Energy Company PJSC
(Masdar) and the generated electricity will be sold to the Serbian guaranteed
supplier of electricity i.e. Elektro Privreda Srbije (EPS) under a 12-year
Power Purchase Agreement. The IFC investment would:
    (i) Increase generation from renewable assets by 158 MW representing 2% of the country's generation capacity and help Serbia meet its national strategy and EU renewable energy targets as a candidate country;
    (ii) Reduce CO2 emissions (the Project is expected to avoid 388,047 tonnes of CO2 every year during its operation) and contribute to climate change reduction; and 
    (iii) Support GoS' goal of increasing private sector investment in the power sector where 99% of energy generation is still owned by the state.
KBB_SubDebt Komercijalna Banka ad Beograd (KBB or the Bank or the Company) is the largest locally owned bank in the Serbian banking sector, ranking the 2nd by total assets in the country. Operating since 1971, KBB is a universal bank offering a full range of banking services to its more than 750,000 clients in retail, corporate, SME, and municipal sectors. Headquartered in Belgrade, KBB has developed a strong domestic franchise and expanded to Bosnia & Herzegovina and in Montenegro. The Bank currently employs more than 3,000 staff.   KBB SubDebt (the Project) supports an existing client of IFC, a systemic bank in the Serbian banking sector, with long-term financing which is currently unavailable in the market. This partnership will further support private sector development and sustainable economic growth as it would enhance the Banks capacity to serve clients. By providing the Bank with the sub-debt, IFC/AMC will help Komercijalna to strengthen its capital base at a time where Basel II capital requirements are to be adopted in Serbia. This will consequently allow the Bank to further strengthen its position in the market and bolster its financial services and products to Serbian enterprises and individual consumers, supporting economic activity and job protection in the country.
Banca Intesa A.D. Beograd The project company is Banca Intesa A.D. Beograd of Serbia-Montenegro or the Bank, one of the largest commercial banks in Serbia in terms of total assets, and one of the countrys best-managed financial institutions. The Bank offers traditional banking products (both at the retail and wholesale levels), and has an active presence in structured finance, equipment leasing, cash management, international banking and treasury.

The proposed project consists of: 
-  an IFC minority equity investment; and 
-  a tier II qualifying subordinated debt in Banca Intesa A.D. Beograd of Serbia-Montenegro. 

This proposed investment will be made along with Banca Intesa, which acquired a majority stake in the Banks shareholding.
Project Sava MK Group d.o.o. (the MK Group, or the Group), a leading vertically-integrated agro-industrial conglomerate with vast the majority of its operations in Serbia, has embarked on a 87 million investment plan which comprises: (i) the acquisition of Carnex AD Meat Industry (Carnex), the Serbian brand leader in processed meat products; (ii) the upgrade and expansion of Carnexs vertically-integrated operations; (iii) the expansion and modernization of the Groups primary agriculture operations; and, (iv) permanent working capital to support the growth of the Group''s operations (the Project).  The Project will enable the Group to further diversify and expand its operations vertically and horizontally in sectors where it already operates as well as adjacent industries, namely livestock and meat production. Thereby, the Project is expected to increase the size, strength and sustainability of MK Groups operations. The development impact of the Project is expected to include: (i) Operational turnaround and efficiency improvements at Carnex, a large employer and former regional leader; (ii) Support to an agricultural company involved in value-added production in a sector important to Serbia''s economy; (iii) Extend the MK Goup''s reach to farmers and imporve agricultural infrastructure; (iv) demonstration effect by encouraging other companies to invest in the region; and (vi) increased tax revenues.
Frikom extension Frikom is a leading ice cream, frozen food and frozen pastry producer in Serbia. In 2008, the company acquired Nova Sloga, a former Serbian state-owned mineral water, fruit and vegetable producer. The proposed project is to provide long term financing for the modernization of Frikom, and for the post-privatization investments in Nova Sloga. The project includes the expansion of production capacity in frozen fruits & vegetables, ice-cream and mineral water, investments in storage and retail space, the establishment of fresh fruit and vegetable purchasing, and efficiency improvements. The proposed Project supports the continued regional growth of an emerging market player, and also develops a local supply chain for small fruit and vegetable farmers:  - Private Sector Development: Support privatization, rehabilitation and improve the productivity of formerly state-owned assets; - Employment: Safeguard employment at Nova Sloga, including a large number in rural areas; - Farmer benefits: Strengthen the competitiveness of vegetable supply chain by providing reliable access to market and technical assistance to farmers; - SME development: companies like Frikom (and eventually Nova Sloga after its turnaround) are the local engines of supply chains, upstream supporting farmers by providing a reliable off-take of fruits and vegetables, and downstream by supplying retail and distribution networks; - Community development: the construction of a local supermarket (there is none within a 60 km radius), the local presence of an off-taker for produce with credible infrastructure on the ground, the availability of technical assistance for horticulture will support rural and community development; - Tax-payer benefit: Increase taxes paid and decrease in state support to a loss making state-owned enterprise; - Quality Management Certification: Improve E&S management and quality certification at Frikom, and support introduction of E&S management and certification process at Nova Sloga.
ProCredit Leasin ProCredit Leasing Serbia (PCL or the company) was established by ProCredit Bank Serbia (PCB or the Bank) in March 2005. The company is engaged in providing financial lease to a broad segment of Serbian market and has a major focus on SME and the agricultural sector.   The IFCs investment under this project consists of a EUR15 million senior term loan to ProCredit Leasing Serbia. The IFC funds would be used for extending leasing finance to the SME and agriculture sector. The IFC Loan would have a maturity of up to six years with two years grace period and is to be unconditionally and irrevocably guaranteed by PCB. The development impact for the project is high. It fosters:   - Access to finance for Agriculture:    The project will expand access to term finance for farmers. Government support for agri-sector is still minimal with only 10.9% of the agri-budget dedicated to credit lines for agriculture machinery and equipment. This points to the need for the private leasing companies such as ProCredit to meet a significant market gap.  -  Development of the Leasing Sector:  The project will enable the growth of the leasing sector and assist it in playing a greater role in capital formation in the economy.  It will also promote the emergence of Procredit Leasing as a credible player in the market and boost competition.  Despite the high growth of financial leasing sector since the start of its operations in 2002 financial leasing sector remains underdeveloped.   -  Term funding for SMEs:  The project will make much needed term funding available to Serbian SMEs. SMEs are an underserved segment in Serbia and this project will help SMEs make critical capital investments in order to make their operations more sustainable.