devinitorg/iati-policy-markers huggingface dataset:
Borsteklo IV Glaverbel is strongly committed to making Borsteklo a successful turnaround story and to consolidate its operations within its network of float glass and automotive glass production subsidiaries.  This is already evidenced by Glaverbel''s significant progress in undertaking environmental clean up efforts, strengthening management, reduction in barter, the introduction of computerized reporting systems, IAS accounting, and improvements in the Company''s distribution network.    The benefits of the modernization plan to the company include extended furnace life, improved glass yield, a 14% expansion in capacity, and lower energy costs derived from improved technology.  Following the cold repair of furnace #1, Borsteklos capacity will reach 1,200 tons per day.  The company will also be capable of supplying new products, including large glass panels used in the construction of modern commercial buildings and improved and higher quality automotive products for Russian JVs with Western Manufacturers, and other possible new entrants.    IFCs role in the project is twofold. First, by providing long-term finance, IFC will assist a project with long-term foreign currency needs which are currently unavailable in Russia today. Given the sponsors desire to share Russia risk and the reluctance on the part of commercial banks to provide long-term debt to Russian projects, the lack of IFCs involvement would constrain the companys ability to finance its activities.  Second, IFCs involvement will allow the Corporation to continue to leverage its strong client relationship to undertake a project in a difficult and uncertain environment.      The project will enhance the positive demonstration effect for local businesses Borsteklo has had through their best practice production and environmental standards. The company will also continue to provide sustainable employment to the people of Bor located outside of Nizhny Novgorod where few other viable employment opportunities exist.  Indirectly, Borsteklo will also continue to help create jobs and improve infrastructure in many key upstream and downstream businesses.  Upstream, Borsteklo''s steady, 256,000 tpa demand for sand, soda ash, dolomite and other glass inputs allows suppliers the ability to grow and encourages competition.  Downstream, Borsteklo''s high quality product helps dealers build their client base of consumers.
UralTransBank UralTransBank (UTB or the bank) is a private bank based in Yekaterinburg (formerly Sverdlovsk) with a branch network throughout the Urals region.  The bank focuses on lending to SMEs, entrepreneurs, and individuals.  Despite its relatively small size and regional location, UTB has established an impressive branch network in what is one of Russias most important economic regions.  UralTransBank is the 3rd largest in the Urals region by IAS equity with the net worth of $20.8 million and total assets of $100.6 million equivalent as of end of 2002.  Proceeds of IFC loan would be used for on-lending to privately controlled small and medium enterprises.
Globaltrans II Globaltrans Investment Plc, a company organized and existing under the laws of of the Republic of Cyprus together with its subsidiaries (GTI) is the largest privately owned freight rail group operating in Russia; second only to state-owned Russian Railways (RZD) and its affiliates by number of owned rolling stock. The GTIs core activities are (i) freight rail transportation, (ii) railcar leasing, and (iii) certain ancillary services provided in Russia, the CIS countries and the Baltics. The project provides for acquisition of gondola (open top) cars (the Project) by GTIs 100% owned subsidiaries: Sevtekhnotrans (STT) and/or New Forwarding Company (NFC). EExpected developmental impact includes the following: (i) facilitation of trade and increase of transportation volumes; (ii) renewal of the sector's railcar fleet; (iii) demonstration effect; and (iv) spillover effect of supporting employment and production capacity at railcar manufactures.Expected developmental impact includes the following: (i) facilitation of trade and increase of transportation volumes; (ii) renewal of the sector's railcar fleet; (iii) demonstration effect; and (iv) spillover effect of supporting employment and production capacity at railcar manufactures.xpected developmental impact includes the following: (i) facilitation of trade and increase of transportation volumes; (ii) renewal of the sector's railcar fleet; (iii) demonstration effect; and (iv) spillover effect of supporting employment and production capacity at railcar manufactures.
Delta Far East DeltaLease-Far East (DLFE) is a leasing company based in Vladivostok with offices in Yuzhno-Sakhalinsk (Sakhalin Island), Khabarovsk, and Novosibirsk.  The company has been in operation since 2000 and is entirely owned by the U.S. Russia Investment Fund (TUSRIF).    DLFE is involved exclusively in leasing operations with a specific focus on providing financing leases to Small and Medium Enterprises (SMEs).  Since its inception and through August 2003 the company has approved over $9.4 million in financial leases on its own account, or a total of $12.0 million in the total value of leased goods.  As of June 2003, DLFE had assets of $6.3 million.  The purpose of the project is to provide additional funding to DLFE to enable the company to match the strong demand for leasing products in the SME sector.  The proposed project would be one of IFCs first financial markets investments with a company working specifically in Siberia and the Far East, a considerably more difficult and less advanced market than the European part of Russia.
OOO Pilkington Glass Russia The proposed project involves the construction of a 240,000 tons annual capacity greenfield float glass plant in the Russian Federation to meet its growing domestic demand.  The project will be located in the Moscow region close to its target markets.  Initially sales will focus on the construction industry but later may expand to the automotive sector.
Multimortgage The proposed project is to provide an IFC A Loan of up to $70 million, backed by a guarantee from Société Générale, to CJSC DeltaCredit Bank (DCB or Bank). DCB is an existing IFC client and the Russian subsidiary of the Société Générale Group (France). The proposed loan would have a maturity of up to 10 years and would be available in both rubles and dollars to be used to provide mortgages to individual borrowers. DCB is the mortgage lending subsidiary of Société Générale in Russia. The Bank was acquired by Société Générale in 2005 and as of end-2012 ranked #68 in Russia with over $2.5 billion in assets.* DCB is one of the leading players in the Russian mortgage market, ranking #4 in Russia by outstanding mortgage portfolio with a market share of approximately 4%.** The Bank has a direct presence in 14 large Russian cities and has a network of 57 correspondent banks which allow it to reach 71 cities in 57 regions. *Source: the RBC rating of Top500 banks on net assets (local GAAP) ** Source: the RBC rating; Central Bank of Russia The project will (i) help support the development of the housing sector in Russia and primary mortgage market; (ii) strengthen the balance sheet of a leading mortgage finance institution that serves as a market model for providing housing finance to individuals; (iii) and will help provide proof of concept and demonstration of a fixed/floating hybrid mortgage product which can be replicated by other institutions.
Norum Russia Fund III LP Norum Russia Fund III, L.P. (the Fund) is a Russia-focused private equity fund seeking 100-150 million in capital commitments to invest in fast-growing small and medium-sized companies that require expansion capital.  The Fund will be managed by the same team that was operationally responsible for two EBRD-sponsored regional venture funds (covering North-West and Western Russia). The Fund is expected to have several important impacts:  - Support the development and growth of local entrepreneurship and SMEs:   The Fund will provide equity financing and management expertise to a number of competitive and fast-growing SMEs and is expected to be a catalyst for the mobilization of further financing for its investee companies.  - Encourage regional economic development:   Norum will continue supporting companies, thereby stimulating employment and growth, outside the main centers of financial/economic activity.  - Improve business environment and support capacity building of companies:   The Fund will provide value added services aimed at improving corporate governance and implementing environmental and social standards, thereby transferring important skills to local entrepreneurs and creating the basis for sustainable economic development.  - Introduce and develop new financial products:  Private equity is an important source of external financing for fast-growing companies.
Megalogix Rostov The proposed project involves the refinancing and placing into full operation a newly constructed Class A warehousing facility of approximately 100,000 square meter (sqm) leasable space in the city of Rostov on Don (Rostov), Russian Federation.  The project is being developed by Raven Russia Limited (Raven Russia), and implemented through Logopark Don LLC (the Borrower, the Company), set up in December 2006 as a [100%] greenfield subsidiary of Raven Russia.    Rostov, a frontier region of Russia with per capita income of less than half of national average, is faced with significant shortage of quality warehousing facilities in the medium term. The project will address the imbalance between demand and supply of quality warehouse space in the Rostov region, and is also aligned with Raven Russias overall strategy to consolidate its position as the leading warehousing service provider in Russia. The project will contribute to the increase in availability of modern warehousing services in Russia. Access to quality warehousing facility will help lower overhead costs for both suppliers and retailers of fast-moving consumer goods, which in turn will be passed on to the consumer in the form of lower prices.  In addition, the project will create, directly and indirectly, more than 1000 new jobs.
Forus Bank Project IFC proposes to provide a loan facility for IFCs own account of up to 5.0 million to FORUS Bank (the bank), of which 3.0 million would be the A Tranche amd 2.0 million will be in the form of a stand-by tranche that would become available after the bank is fully capitalized.  The loan will be used to support the banks microfinance lending operations during its formative years of operations.  The loan is expected to be Ruble-linked, to avoid any currency mismatch on the banks balance sheet.
Posuda LLC Project The project involves the expansion of a glassware plant Posuda Ltd (Posuda or the company) located in Nizhny Novgorod region, 500 km from Moscow. Posuda was established in 2000 and acquired at the end of 2003 by the Sisecam Group from Turkey (Sisecam or the sponsor), the leading glass manufacturer in Turkey and a major player in the Russian glassware market.  Sisecam Group is a long-standing IFC client. The development impact of this investment is expected to be high since it involves the transfer of modern production methods by Sisecam to Russia.  It will also support direct and indirect employment in the town of Bor, Nizhny Novgorod region, where Posuda is one of the two major employers, the other being a former IFC client, BGW.  Further, Sisecam will provide training to local staff on best practice production techniques as well as transfer glassware management skills.  The project is also expected to have a positive impact on the environment because the new furnace consumes less energy resulting in cost savings and cleaner production.  Finally, Posuda will raise industry standards producing high quality products at competitive prices thus substituting imports.
New Medical Center, St. Petersburg The project consists of the establishment and operation of a New Medical Center  . It will include a family medicine clinic, a wide range of speciality outpatient clinics, a full-scale clinical laboratory, imaging diagnostic department, and a small surgical/medical inpatient unit (approximately 20 beds).    I  FC primary role would be to provide long-term financing, which is not available in Russia on reasonable terms for a health sector project. In addition, IFC would play a central role in advising sponsors on deal structuring and project scope and implementation plan.    The project will contribute to the implementation of the Russian health sector reforms by (i) mobilizing private resources to complement traditional public funding, (ii) transferring appropriate medical technology and knowledge from Finland, (iii) improving timeliness and quality of services, and (iv) offering greater professional satisfaction to health care workers. The project is expected to have a significant demonstration effect by introducing professional management and a long-term commitment to patient satisfaction and clinical quality. Building on Scanfert''s earlier experience and in line with its overall mission, NMC will offer specialised training courses to medical and nursing professionals from other private and public institutions in the St. Petersburg area.
Pioneer First Russia, Inc. Summary Of Project Information (SPI)       Project Name    Russia-Pioneer First Russia            Region    Europe        Sector       Project No004905   Projected Board DateApril 1, 1996   Company NamePioneer First Russia   Technical Partner and/or Major Shareholders    	The Pioneer Group, Inc., a US-based fund management and natural resources company whose common stock is traded on the NASDAQ National Market.    Project Cost Including proposed IFC investment    	Project Cost: US$14.25 million;  IFC Investment: US$4 million    Location of project and Description of site    	Pioneer First Russia is a Delaware-incorporated holding company.  Its subsidiaries are incorporated in Russia and headquartered in Moscow.    Description of Company and Purpose of Project    	Pioneer First Russia was established by Pioneer Group to acquire an investment management company, brokerage company and majority interest in a commercial bank from four Russian entrepreneurs.  The asset management company manages one of the largest voucher investment funds in Russia.  IFCs funds will be used to provide capital for the reorganization and expansion of these businesses, in particular, the expansion of the investment management company into domestic mutual fund management and offshore venture capital and traded equity fund management.    Environmental Category and Issues    	This is a category FI project according to IFCs environmental review procedure.  For relevant operations, notably venture capital fund management activities, Pioneer First Russia will be required to establish an environmental risk management system.       Date SPI sent to PIC     February 29, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
ING Russia Life The project consists of an equity investment of up to approximately EUR 22.2 million ($ 28.5 million equivalent) for a 10% stake in ING Life Insurance ZAO, a life insurance company to be newly established in Russia by the ING Group.  EBRD will also hold a 10% equity stake with ING holding the remaining 80%.  The company is expected to require equity financing of EUR 222 million over a 10 year period to support its business plan.  The life insurance market in Russia is in a nascent stage of development, both in terms of size and sophistication of the industry.  Reported life insurance premiums are small relative to population size but the true life insurance market is even smaller due to the inclusion of a high volume of artificial tax motivated arrangements within the official statistics.  The proposed project is expected to have a strong development impact by promoting the value of life assurance and the growth of the industry through a highly respected international player which will operate to high standards. IFC has a strong role in this project in supporting the entry of a global insurance major such as ING into an underdeveloped and challenging market.  IFCs support will serve as a signal of its confidence in the long term prospects of this market. The project comprises an institution-building investment aimed at improving the efficiency of financial intermediation and access to the underserved.  The project will promote the availability of critically lacking insurance-related financial products for Russian consumers.  It will increase the availability of a greater range of financial planning products to Russian consumers and on a broader level, will provide the critical stimulus for the growth and development of the market.
NBD II Project NBD is a regional private commercial bank, specialized in financing small and medium businesses. It was established in 1992 and it is currently the fourth largest bank in the Nizhniy region by assets, with a net worth of $9.1 million and assets of $42 million equivalent as of June 30, 2002. NBD has continuously benefited from cooperating extensively with international financial institutions such as IBRD (housing program, ESP and FIDP), the US Russia Investment Fund, USAID etc. Despite its small size, it has become the 3rd largest user of the EBRDs Russian SME lending program. The main strategic goal of NBD is to remain a leading regional financial institution with a solid and dominant position in the Nizhny Novgorod region, providing a wide range of high quality financial services to small-and medium enterprises. The bank would use IFC funding to finance medium-sized enterprises in productive sectors of the economy and to strengthen its balance sheet.       Development Impact    IFC funding will support the expansion of the bank''s lending capacity to SME sector, thus supporting a sector of the Russian economy that will play a key role in achieving a sustained economic growth. At the same time, NBDs activity will help address the limitations of the Russian banking sector in providing term-financing to SMEs and growing Russian businesses, particularly in areas outside the better-served Moscow region both through its activity and via the demonstration effect for other banks. While providing the bank with longer term funding, the project would support the development of a leading regional bank.      IFC Role    While the IFC investment would provide NBD with access to long-term funding not available in the market, particularly IFC''s quasi-equity investment component would primarily (i) provide institutional support; (ii) strengthen the operational capacity of one of the leading regional banks in Russia; (iii) strengthen NBDs balance sheet, both in size and structure; and (iv) help the bank strengthen its market position in the region. In addition, IFC''s quasi-equity investment, could potentially affect shareholding in NBD, and hence it could send a signal to the market and enhance the bank''s attractiveness to potential strategic investors.
Pilkington RuII In 2003, Pilkington plc, one of the largest glass manufacturers of the world, established a joint-venture company called Pilkington Glass LLC (Pilkington or the company), to construct and operate a green-field float glass plant in Moscow Region, Russian Federation. Project cost was estimated at EUR 193 million, and the financing plan included EUR 100 million of parallel senior loans provided by EBRD and IFC (IFIs), of which EUR43.5 million was provided by IFC. The IFIs loans are fully disbursed. Construction of the plant is complete and commercial production of glass started in February of 2006.   The company faced challenging local conditions that adversely affected project implementation and resulted in a project cost overrun from the initial budget. The IFIs have been requested to provide additional financing the company to complete the project. The project would have a substantial impact on the development of the industry and the local economy. Pilkington will raise production and quality standards in the Russian glass industry and offer consumers more choice at affordable prices. Furthermore, with its strong history of demonstrated transition impact in other countries of operations, Pilkington will play a positive role in setting corporate governance, business, and environmental management standards (i.e. energy savings from establishing building standards that promote installation of thermal insulating glass), as well as by providing reference points for other firms, and local and regional regulatory agencies.   A recent due diligence review found that the company has a well-developed labor policy that provides terms of employment and working conditions, including the freedom to create unions (was not a requirement of the Safeguard Policies), in accordance with Russian law. Also, the new facility was designed according to the latest principles and included best-available-technology for emission control, an access road that avoids residential areas, and frequent public information and discussion meetings in cooperation with the local authorities.
Eurosibtrans Through provision of railway rolling stock, Eurosib-Ivest CJSC and its subsidiaries Eurosib SPb - Transportation Systems CJSC and ERVK CJSC (collectively, Eurosibtrans or the goup), based in Saint Petersburg, offers transportation and logistics services to shippers of coal, steel, fertilizers, paper, lumber and other products within Russia and the former Soviet Union.  With extensive rail transport operations throughout Western Russia, Eurosibtrans main business is the operation of owned and leased rolling stock for the transportation of bulk goods mainly in the North-Western Region of Russia and the provision of freight forwarding and logistics services.  

The IFC loans of up to $30 million would finance a part of Eurosibtrans investment program comprising the acquisition of railway freight wagons in 2004 - 2006.
Ruscam III Project OOO Ruscam (or the company) was founded in 2001 and produces glass containers for the fast growing Russian market. Ruscams operations are located in the village of Gorokhovets, about 335 km east of Moscow and the company currently operates two glass furnaces with a total capacity of 580 tons/day.  The project entails the installation of a third furnace with 385 tons/day of glass making capacity and bottle-forming lines which will allow the company to expand its production of glass containers in amber and start the production of green containers.  The project will address the rapidly growing demand in Russia for beverage bottles manufactured to international quality standards.  Currently, most of the bottles manufactured domestically suffer from a high breakage rate when utilized on higher-speed filling lines, which are becoming increasingly common in Russia with the beverage industrys investment in improved filling technologies and efficiencies.