devinitorg/iati-policy-markers huggingface dataset:
Bogota Transmilenio IFC is considering a US$ 120 million loan to the City of Bogota (the City) to finance the Caracas Sur busway expansion (Project id. 38347). More specifically, IFCs resources will be used to specifically finance the first section (3.5 km) of the Caracas Sur busway, from Molinos Station to Portal Usme, and includes the remodeling of the Molinos Station and the construction of the Danubio Station.   This project is part of a larger engagement with the City to support the development of the transport system that would include also a US$ 30 million loan for the financing of the construction of Transmicable (Project id. 39772), a 3.4 km aerial cableway that connects Ciudad Bolivar to the Transmilenio Trunk System. The Caracas Sur busway expansion project is part of a larger IFC engagement with the City of Bogota to support the development of the transport system; this engagement also entails the development of the Transmicable project. The overall expected development impact of this engagement is the following: 

1.Project level-outcomes: 

-Improved quality of transport service. The projects improve the quality to public transportation services particularly for low income users in Bogota. Transmicable connects a low-income area of the City (Ciudad Bolivar) to the City's main public transport system (Transmilenio BRT) and Caracas Sur entails the provision of exclusive bus lanes to a segment of the BRT network where traffic is currently mixed. The quality improvement will result from reduced congestion and increased frequency of service. Users are expected to save ~8.2 million hours per year (6.2 million Transmicable and 2 million Caracas Sur) which results in approximate savings for users of US$ 18.3 million (US$ 14.7 million Transmicable and US$ 3.6 million Caracas Sur) per year. 

-Environmental effect and climate change mitigation. The projects will reduce CO2 emission by approximately 445 tons p.a. on average during operation (134 Transmicable and 311 Caracas Sur) by replacing existing buses fleet and lowering congestion and travel times. 


2.Market Creation: 

-Integration. The projects will enable the development of new economic activities and clusters. Transmicable is part of an urban renovation project in Ciudad Bolivar. The plan entails the construction of parks, recreation centers and general service centers as well as promotion of businesses, tourism. The project puts in place infrastructure that enables the development of new economic activities (including commercial retail and recreational areas), thereby employment creation and promoting tourism in the area, among other activities. 

-Inclusiveness: the projects will continue demonstrating the transformational effect of redeveloping low-income urban areas. Transmicable strengthens the evidence that increasing access to markets and services for low income areas generates viable opportunities for private sector participation, economic development and poverty reduction. The projects can serve as a model to be replicated in other low-income areas in Bogota and across Colombia.
CISA NPLs Project IFC has been requested to participate in a Consortium including affiliates of the Capital Recovery Group of AIG Global Investment Corp., Covinoc S.A. and CarVal Investors, LLC to finance the purchase of a portfolio of Non-Performing Loans (NPLs) and other Non-Performing Assets (NPAs) a majority of which were accumulated by the government of Colombia post the financial crisis of 1999. IFC would provide both debt and equity financing to a local Colombian SRL established by the Consortium.  The proposed project presents IFC a unique opportunity to participate in the first NPA deal of this scale being placed to international bidders in Colombia. It also marks a turning point for the authorities as after this sale the government would have no further obligations pertaining to its intervention post financial crisis.  IFC would use this investment to create a platform for itself and offer this product to its portfolio clients. The reciprocity in this arrangement would be in the Sponsors bringing with them the manuals and expertise, Covinoc providing the man power and execution capabilities and IFC providing the country coverage and possible introduction to a new client set.   Furthermore IFC could assist SRL in packaging and securitizing part of the mortgage and consumer portfolio through its portfolio company CHMC. The proposed project will have the following development impacts:      - Value-added to the distressed assets   : The transaction will not only purchase and settle NPAs, but more importantly will build internal collection and restructuring capacity to create value-added to the distressed assets.      - Providing liquidity   : The transaction will help the Colombian government dispose of the non-performing assets through the private sector.      - First step to develop a secondary market for NPAs in Colombia.     The transaction will provide additional liquidity to local financial institutions.     - Promoting local investment in NPAs in Colombia:    Through the syndication IFC will bring local resources to the transaction, promoting additional NPA investments.
SANFER Col Project Laboratorios Bussie, S.A. (Bussie) and Laboratorio International de Colombia, S.A.S. (Labinco), (hereinafter referred collectively as Sanfer Colombia or the Company) is constructing a new pharmaceutical manufacturing plant in Colombia Potential rating: Satisfactory

Stakeholders- customers: IFC will promote access to affordable and quality pharmaceutical products by financing the construction of a new and larger manufacturing facility in Colombia. 

Economy wide effects: Through the construction of a new manufacturing facility in Colombia, the Project will have positive effects in terms of direct and indirect job creation as well as value addition.

Market effects: Competitiveness- The Project is expected to moderately improve market competitiveness in Colombia through improved scale and efficiency. Sanfer Colombia will also introduce cleaner production and improved quality standards relative to what is currently available.
BOP Banco Mundo Mujer The Project consists of a 3-year local currency-linked senior loan of up to COP120 billion (~US$25 million) to Banco Mundo Mujer S.A (BMM or the Bank) for on-lending to microfinance clients, including at least 25% of the proceeds for women-led enterprises. The Project is in line with IFCs strategic goal of closing the micro small and medium-enterprise (MSME) finance gap, to foster employment and economic growth. IFCs support to BBM is expected to continue promoting lending to underserved segments. The Project will provide financing to microentrepreneurs in Colombia. The most significant expected project level outcome for the project is access to finance for microentrepreneurs to support economic activity and resilience in the aftermath of the COVID 19 crisis. Beyond the project outcome, IFC anticipates that the Project will support resilience amongst microfinance and "Base of the Pyramid" (BoP) finance providers catalyzing investments in the sector by demonstrating the viability of lending to BoP providers and crowding in other sources of international investors in support of these lenders.
DAVIVIENDA I Davivienda has approached IFC for a subordinated debt (tier 2 capital) enhancement facility to help the bank grow and diversify its operations following Colombia''s financial sector crisis.   While the bank is adequately capitalized today (15.8% at December 31, 2001) its management recognizes the need to strengthen its capital for the following reasons:     Davivienda intends to grow its assets 4-5% annually in real terms over the next five years thereby increasing its capital needs.       In addition to growing its asset base, the bank is trying to diversity its assets and loan portfolio to achieve the following two goals.   First, to become the "bank for the family".  To this end, Davivienda intends to increase its consumer and auto loan portfolio while maintaining a strong presence in the mortgage industry.  These new lines of business are expected to have higher capital requirements.   Second, portfolio diversification is a means to improve the significant maturity and interest rate mismatches which resulted after the regulated change in mortgage indexation (mortgage loans are long term and indexed to inflation while liabilities are short term with market based rates).  By extending the duration of the maturities, IFC will also contribute to reducing this mismatch on the liabilities side.     Davivienda expects to take additional provisions in the future to cover for market, operational, and legal risks according to new regulations from the Banking Superintendence which will be according to Basel II.    The proposed tier two equity facility would be the first of its kind to be implemented in Colombia since the regulations were established in August 2001. Based on IFC''s legal and financial due diligence, the investment will be structured to ensure that it achieves the goals of 1) qualifying for tier two capital and 2) having the ability to be replicated in the financial system.    This project will also have the following impacts:   - Strengthen Colombian banking system after the recent economic recession;   - Develop Colombian capital markets by providing a new type of financial instrument.
Bancamia Bond II The proposed IFC investment consists of subscribing senior bonds or extending a senior loan to Bancamia (the Bank) for up to US$20 million, 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 development impact of the project is expected to be high as IFC''s investment will enhance Bancamia''s ability to support productive micro-enterprises which will in turn stimulate growth, employment generation and poverty reduction. Additionally, the Bank will be able to increase its outreach and sustainability by incorporating new entrepreneurs into Colombia''s formal financial sector. Bancamia is committed to targeting the bottom of the pyramid, as evidenced by its low US$1,160 average loan size. With IFC''s support, the Bank should be able to directly reach more than 100,000 individual micro-entrepreneurs.
TIGO - Colombia Movil The project consists of the upgrade and expansion of a Colombian GSM mobile network (the Project) of Colombia Movil S.A. E.S.P. (TIGO or the Company). Owned by EPM Telecomunicaciones S.A. E.S.P. (UNE S.A. ESP), Empresa de Telecomunicaciones de Bogota S.A. E.S.P. (ETB S.A. ESP), and Millicom International Cellular S.A. (MIC or the Sponsor), the Company first began operations in 2003 with a GSM license, which is valid for a period of 10 years renewable for another 10 years.  As of 2009, TIGO has managed to increase its market participation to approx. 9% with over 3.8 million subscribers. Affordability & Accessibility:  TIGO targets the mass market, and has driven the market in terms of tariff reductions, critical for improving penetration in a country where 49.2% of population is below the poverty line. 

Coverage: TIGO has contributed to a wider availability of mobile services in the country.  A portion of TIGOs capital expenditures is allocated to increasing geographical coverage, one of its disadvantages compared to Comcel and Movistar.  The Companys capital expenditure program aims to expand coverage to 95% of municipalities.  

Wireless broadband offering: TIGO is seeking associations with other important companies that might help to offer a more comprehensive product offering.  It recently joined UNE S.A. ESP to add postpaid mobile telephony to UNE S.A. ESP 's residential fixed line clients.  TIGO has also launched together with UNE S.A. ESP a very competitive wireless broadband product using its 3G network.
Brilla Social Bond The proposed investment consists of the issuance of an up to 10-year social bond (the Social Bond) for up to US$200 million in COP equivalent (eq. to c.COP800,000 million) by Promigas, with two majority-owned subsidiaries, Surtigas S.A. E.S.P. (Surtigas) and Gases de Occidente S.A. E.S.P. (GdO), as co-issuers (jointly with Promigas, the Issuers). The funds raised from the Social Bond will be used to support Brilla, the non-banking financing division of Promigas that provides consumer loans to the Issuers clients. These loans are facilitated through the gas distribution companies, including Surtigas and GdO. The Social Bond will be issued in Colombias Segundo Mercado. The Project will support the growth of Brillas lending program to base-of-the-pyramid populations (BoP). The key Project outcome entails increased access to finance for consumer lending. Brillas loans to BoP individuals increase access to basic goods and services and thus help them improve their living conditions. Beyond Brillas impact, the Project will also contribute to the development of Colombian capital markets and promote market competitiveness through demonstration and replication effect.
DARP New Credit II The existence of a strong Distress Assets (DA) market constitutes an important element contributing to the appropriate performance of the financial industry in any economy. In this context, the proposed project is part of IFCs program to promote the development of a DA market in the Andean region. To achieve this, IFC would be partnering with Covinoc (the Company), an IFC existing client to acquire Non-Performing Loan portfolios in the previously mentioned markets. - Allow banks in Colombia and Peru to offload their NPLs, and therefore improve their liquidity and capacity to originate new loans. - Through the appropriate resolution of NPLs, the project would allow a large number of individuals to be able to avoid losing their assets (their homes in most cases) and ultimately to re-enter the banking system. - The proposed investment would contribute to the further development of the distressed assets market in Emerging Markets, resulting in an increase of both the number of NPL transactions and the players in this market.
Santa Marta International Terminal Company, S.A. The Project involves the refurbishment and operation by Santa Marta International Terminal Company, S.A. (SMITCO) of a container terminal inside the Port of Santa Marta, which is located on the Caribbean coast and is Colombias third largest port. The Project includes (i) the refurbishment of 2 berths with a combined total length of 322 meters; (ii) the installation of two Post-Panamax Ship-to-Shore cranes, four Rubber Tired Gantries Cranes, and other terminal handing equipment to complement an existing mobile harbor crane; and (iii) the demolition of existing buildings and expansion of the container yard from 4 hectares to 8 hectares. Upon completion, the terminals container handling capacity will increase from 120,000 twenty foot equivalent container units (TEUs) to 300,000 TEUs. The Project will strengthen the Colombian port sector by increasing competition in the market and encouraging other terminal operators in Colombia to improve the efficiency of their own terminal facilities, thereby supporting increased trade in the region.  In addition, the Project will help reduce the cost of transportation thereby benefitting shippers, shipping lines, and consumers.  Finally, the Terminal will create approximately100 direct and 500 indirect jobs and generate direct economic benefits for the Government of Colombia through tax, concession and land lease payments.
Bacao Project The proposed investment consists of a financing package of up to US$42 million to Bacao SAS (Bacao or the Company) to finance the development of approximately 3,800 hectares of cacao plantations and post-harvesting facility in the Meta region of Colombia (the Project).  Bacao is an agroforestry cacao company that seeks to produce sustainable cacao by creating inclusive and climate-smart productive ecosystems that will not only contribute to rehabilitate degraded lands but also benefit local communities. IFC expects the Project to provide access to market and technical assistance for farmers, generate positive environmental impacts by conducting agroforestry cacao production on degraded land, and produce economy-wide effects with employment creation, plantation expansion, and post-harvest facility development. At the market level, IFC expects the Project to promote Colombias integration into the global cacao market and trade diversification through developing sustainable cacao production and exports.
Cartones America S.A. The Cartones América Group (CAME, the Group or the company) is a leading, privately-owned, Andean Region manufacturer of containerboard, corrugated boxes, clay-coated paperboard, spiral tube board and specialty board packaging products.. The Group traces its roots back to the 1950s in Cali, Colombia. In recent years the company has grown steadily, investing in operations in Venezuela (1993), Ecuador (1998), and Peru (2000).  CAME is in an important phase of its development and the project is aimed at helping CAME consolidate recent investments and realize the synergies to be achieved in its operations across the Andean Region..
Siegfried-Col Financing to Laboratorios Siegfried S.A.S (Siegfried-Col) and Laboratorios Siegfried, S.A. (jointly the Borrowers) to support the execution of their strategic plan including: (i) Capex needed to upgrade the manufacturing plant owned by Siegfried-Col, (ii) working capital requirements for the commercialization of Novartis products in light of the recent license-in agreement signed between the Borrowers and Novartis; and (iii) reprofile the Borrowers existing debt with commercial banks to properly match the long-term nature of the investments undertaken by the Borrowers over the past years and free-up the cash needed to execute their strategic plan within the next 2-3 years (the Project). Siegfried-Col is a leading pharmaceutical company focused on the development, manufacture and commercialization of over-the-counter medicines, prescription drugs and personal care products (mostly branded generics). With two manufacturing plants in Colombia and 516 employees, Siegfried-Col is focused mainly on cardio, neuro, womens health and primary care therapeutic areas. Approximately 95% of Siegfried-Cols revenues are generated in Colombia, and the rest is exported to Central America, Ecuador, and Peru. This Project is being processed under the Global Health
Platform (GHP).      

  Project-level:       

 Stakeholder effect: Increased Access to Healthcare Products.
By financing the Project, IFC expects to benefit the middle-to-low income
population in Colombia, Peru, Ecuador, and Central America from lower priced
high-specialty medicines, consistent and high quality, and greater product
variety.     

 Economy-wide effect: Gross Value-Added  IFC financing will
support a manufacturer located in Colombia. The project will help scale the
production and delivery of healthcare supplies that is likely to result in the
creation of new jobs and/or economic linkages to the rest of the economy.     

  Market Creation:      

 Beyond the project, IFC anticipates that its financing could
support greater market resilience as spillover effects accrue to the healthcare
supply chains in these markets.
TM1 Project The proposed investment entails an A-Loan of up to US$150 million -Loan in COP-linked equivalent for the financing of the Puerto Salgar Barrancabermeja concession (TM1 or the Project). The Project is a brownfield toll road awarded in 2022 by the Colombias National Infrastructure Agency (ANI) through a competitive bidding process. The concession scope includes design, construction, rehabilitation, expansion, and O&M activities for up to 25 years. TM1 has a length of 260km. Construction activities include construction of 107km of second lanes and urban exchanges and the rehabilitation of 153km. TM1 will address quality deficits and improve the level of service in a key road corridor in Colombia, resulting in travel time savings and improved safety. Furthermore, the Project will also help in increasing integration by enabling the completion of a corridor that improves connectivity between Colombia's central and northern regions, providing a more efficient route to connect with the major gateway ports in Barranquilla and Cartagena. The Project is also expected to have a positive impact in terms of direct and indirect job creation
Carnelian Project The project consists of an equity investment of up to USD 90 million into the Unimed Pharmaceuticals Limited and Sofgen Pharmaceuticals LLC (the Group), a Life Sciences group of companies with operations across Latin America, to support its expansion in the region. The Groups key subsidiary is Procaps SA based in Colombia. The Project's expected development impacts include: (i) increasing access to affordable quality medicines, (ii) enabling a regional consolidator to increase access to medicines through efficient distribution and increased quality standards, (iii) increasing global competitiveness of a local manufacturer, (iv) contributing toward gender employment, and (v) reducing counterfeiting of medicines through the development of innovative advance delivery technologies.
Cleaner Production Facility for Fundacion Cardio The project is a Cleaner Production Lending Facility (CPLF) loan of US 1.7 million to Fundacion Cardiovascular de Colombia (Fundacion Cardio or FCV), an existing IFC client since June 2012.  Fundacion Cardio (FCV) is a high complexity hospital in Bucaramanga, with 200 beds, established 25 years ago as a nonprofit foundation.  It also operates three other hospitals in different cities of Colombia; Santa Marta (140 beds), Ibague (80 beds) and Manizales (135 beds).   IFC has provided a US 30 million A loan to FCV for the expansion of its facilities, in a new 460 bed hospital in Bucaramanga (HIC).  The hospital is under construction and should be operational by the end of 2015.  The loan is targeted for the replacement of older equipment with more energy efficient models. This project is attractive for FCV as it not only provides a payback period in a moderate amount of time (for a clear financial incentive to invest) but most importantly since the new A/C system is deemed essential for hospital operations (temperature control, sterilization) and thus patient safety and comfort. 1. Demonstration effect: IFC will help FCV lead the way demonstrating to other existing hospitals in the country that implementing clean technologies does reduce costs for a positive cost-benefit proposition.  2. Climate change: Replacing the air conditioning equipment would yield 46% reduction in current energy bills, while installing LED lighting would reduce this usage by 40% over current consumption, contributing to climate change mitigation (reduced greenhouse (GHG) emissions which will be qualified through project assessment).