devinitorg/iati-policy-markers huggingface dataset:
PI Fund V (Ontario), L.P. The proposed project consists of an equity investment of up to $50 million in PI Fund V (Ontario), L.P. (or any parallel fund or feeder fund, together PIF V or the Fund), controlled by Patria Investments Limited (Patria), a leading investment firm in Latin America and the Caribbean (LAC). PIF V will make equity investments in a diversified portfolio of infrastructure assets across LAC, aiming to address infrastructure bottlenecks, gaps, and inefficiencies to serve the growing needs of the population and businesses while bolstering a wider use of international best practices in Environmental & Social (E&S) standards. Stakeholders: Increased access to private equity capital and value creation for infrastructure projects across LAC. Patria will target investments that address infrastructure bottlenecks, gaps, and inefficiencies within the LAC region. 
Competitiveness: Strengthening the competitiveness of the infrastructure equity market in LAC, through supporting the expansion of private equity financing. IFC's support to Patria will demonstrate the ability for infrastructure equity funds to scale up and demonstrate sustained commercial viability, attracting greater institutional investors into infrastructure equity in LAC.
Orizon Waste The proposed transaction consists of a senior secured sustainability linked A Loan of BRL130 million with tenor of 8 years to Orizon Meio Ambiente S.A. (the Company), part of Orizon Valorização de Resíduos S.A., a leading waste management company in Brazil. The facility will be used for waste recycling and material recovery facilities (MRFs) and leachate treatment infrastructure, which are aligned with the circular economy concept. Orizon has assets located in several Brazilian states and has recently expanded its presence with the implementation of its organic and inorganic growth plan. The direct anticipated impact of this project is to increase recycling capacity in Brazil while also contribute to GHG emissions reductions associated with the use of recovered materials. At market level, the project will be one of the first municipal solid waste management facilities to implement at scale materials recovery measures in Brazil and lead to increased adoption of this business model by other companies in the sector, further developing the circular economy concept. The Project will also pioneer the use of a sustainability-linked loan in the waste and environmental services sector in Brazil and in emerging markets, contributing to their increased adoption and helping draw ESG investors to the sector.
SABESP UCL III The proposed transaction consists of an A Loan for up to BRL1.0 billion to Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SABESP or the Company). SABESP is a water and sanitation service provider operating in the state of São Paulo and supplying approximately 28.7 million people with water and 25.2 million people with sewage collection. The A Loan will have a 10-year tenor. The proceeds of the loan will be used to finance investments in water and sanitation infrastructure in the state of São Paulo, in connection with SES Perus (Leste and Oeste) and Guarulhos (Vertentes 2 & 3) (the Project). Not Applicable
Banco BV SEF Credit Line The proposed investment consists of a 5-year loan of up to US$150 million to Banco Votorantim S.A. (banco BV or the Bank) to support climate-smart auto loans (flex-fuel, hybrid and electric vehicles) in Brazil, in line with one of IFCs strategic pillars for the country: support investments in climate-smart and modern technologies to mitigate climate impact (the Project). The most significant expected project-level effect is increased access to climate finance in Brazil by growing the climate-smart auto loan portfolio of banco BV. Beyond the project level outcomes, IFC anticipates that the Project will contribute towards sustainability by catalyzing additional banks to provide climate finance for climate smart vehicles through capacity-building, demonstration and replication channels.
TS (Expansion) The proposed IFC financing entails a repeat investment in Tecon Salvador S.A. (Tecon Salvador or the company), a container terminal located in the Port of Salvador, in the state of Bahia in North East Brazil. The Port of Salvador comprises 9 berths, of which two are leased to Tecon Salvador, and seven remain under public ownership. It is the largest port in the North East region. Tecon Salvador serves a regional, export-orientated market, mainly concentrated in Bahia. 

IFC made an initial investment in the company in 2001, when Tecon Salvador was awarded the right to operate the terminal under a 25 year concession.  

The proposed new financing will support Tecon Salvadors capital expenditure plans for 2007 and 2008, the most important aspect of which is the purchase of equipment, and accompanying civil works, required in order to optimize operations. The incremental development impacts of the proposed project will stem from Tecon Salvadors ability to increase its operational efficiency, thereby enabling it to respond to strong regional demand, which to date has exceeded its capacity, given its current equipment and facilities.  

It is expected that follow-on development impacts will include:

- reducing transport costs versus the counter-factual of operational inefficiencies; 
- incremental increases in market access for both importers and exporters, and thus consumers and producers in the Bahia region; 
- increasing container volumes and containerization rates; 
- expansion of services offered by shipping lines in the North East, which will benefit from increased terminal efficiency; 
- increasing demand for inputs from local suppliers; 
- an incremental increase in jobs as Tecon Salvador is able to expand; and 
- increasing payments to government in terms of concession payments and taxes.

As a result of these impacts, Tecon Salvador will help to multiply the benefits of the regions export growth, and strengthen Bahia as an investment destination.
Lightel Servicos de Technologia da Informacao S.A. (Lightel) REVISED Summary Of Project Information (SPI)       Project Name    Brazil-Lightel Servicos de Tecnologia da Informacao (Lightel).        A holding company established by ALGAR Group to manage the Groups telecommunications activities in Brazil.  Lightels largest subsidiary, Companhia de Telefones do Brasil Central (CTBC), is an operator of basic and cellular services in Uberlandia, Minas Gerais.        Region    Latin America      Sector   Project No004842   Projected Board DateJune 11, 1996   Company NameLightel Servicos de Tecnologia da Informacao S.A.   Technical Partner and/or Major Shareholders    	ALGAR Group of Brazil (100%) which has operations in four principal activities: telecommunications, agribusiness, auto dealerships and services.    Project Cost Including proposed IFC investment    	Project Cost: US$298.5 million                                          IFC equity investment in Lightel: up to US$10.0 million                 IFC loan for CTBC: up to US$25 million    Location of project and Description of site    	CTBCs Concession Area covers approximately 2.3 million people in the states of Minas Gerais, Sao Paulo, Goias and Mato Grosso do Sul.  Lightels other subsidiaries operate countrywide.    Description of Company and Purpose of Project    	CTBC, Lightels main subsidiary, is currently the only private operator of basic and cellular services in Brazil.  The Project is to expand and modernize CTBCs networks and diversify Lightel into newly liberalized telecommunications areas as Brazils telecommunications sector is opened for greater private sector participation.  IFC has assisted with structuring the holding company and is helping the Company in its preparation for competition and search for strategic partners.  Our presence would give comfort to other potential lenders and portfolio investors.    Environmental Category and Issues    	This is an Environmental Review Category B Project.  Key issues associated with this project include right of way alignment, microwave transmission, radio towers, site selection, solid waste disposal, fire safety and employee training and safety.  The Company has submitted an Environmental Management Plan which is currently under review.    The  is available from the Public Information Center.         Date SPI sent to PIC:   Revised:    November 29, 1995        May 24, 1996           For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Santander Green The indicative proposed investment consists of a 3-year loan of up to US$150 million to Banco Santander (Brasil) S.A. (Santander or the Bank), an existing IFC client since 2009. The proposed investment aims to continue supporting the Banks lending to climate-smart sub-projects, with a focus on Renewable Energy (RE), by providing financing for solar panel sub-loans (the Project). This Project is part of IFCs strategy of fostering the greening of the banking sector in Brazil. Brazil's climate finance market is currently dominated by financial institutions, which provide a general level of climate finance opportunities to their clients. To achieve its ambitious climate finance targets under the Paris Agreement, however, Brazil is relying on the private sector to channel more financial resources towards climate finance activities, including to retail and SME segments. As a systemically-relevant financial institution with country-wide reach and in-depth market presence, Santander is in a strong position to serve as a demonstration example for other funding providers to significantly scale-up climate finance in Brazil through expansion of green lending financial and non-financial products and services, as well as by promoting affordability of green finance in the market. IFC expects that the proposed investment, combined with IFC's capacity building activities, will promote greater environmental sustainability by furthering international green lending principles in the climate finance segment. Further, IFC expects this project to demonstrate the commercial viability of expanding climate lending to retail customers and small and medium-sized enterprises ("SMEs") and therefore encourage replication by other institutions to significantly influence market movement.
Itau Gender The project consists of a new facility to Itaú Unibanco S.A. (Itaú or the Bank), the retail subsidiary of Itaú Unibanco Holdings (IUH). IUH is an existing partner to IFC and the largest private bank in Brazil. It offers a wide range of financial services including banking services to individuals, micro, small and medium enterprises (SMEs) through Itaú and large corporate clients through Banco Itaú BBA S.A.  The above project will support Itaús lending operations to SMEs located throughout Brazil, assisting the Bank to expand its credit portfolio to women-owned businesses, therefore promoting the financial inclusion of women entrepreneurs in the Country. 1) The Project intends to increase the financial inclusion to women-owned enterprises and therefore their access to credit and overall economic power; 2) Increase access to finance to SMEs throughout Brazil; 3) The partnership of Itau and IFC is expected to have a demonstration effect of the business opportunity presented by women-owned enterprises as an under-served market in Brazil.
DCM Red Asset FIDC The proposed project shall support the small and medium-enterprise (SME) lending activities of REDAsset Gestao de Recursos Ltda. (REDAsset or the Company) in Brazil. This will be done through the acquisition of senior quotas of RED Performance FIDC NP (Red Performance or the Fund), a debt fund managed by REDAsset (the Project) The most significant, expected Project-level outcome is the increased capital market funding for the underserved SME segment through the growth of a FIDC instrument that finances SMEs, as follows:

Stakeholders - Increased capital market funding opportunities for SMEs as Originators: IFC anticipates that the Project will increase access to finance for Brazilian SMEs, helping to address the SME finance gap through a capital markets solution. 
 
Stakeholders - Increased access to finance for MSMEs as Obligors: By acquiring receivables from the originators, the Fund contributes to the financial health of the supply-chain. With more funding available, originators are better positioned to sustain its growth and the growth of its clients, the obligors.

Market Creation - Competitiveness: Beyond the Project, IFC anticipates that this investment has the potential to promote greater market competitiveness through the following aspects: (i) the structural change through the increase in alternative financing opportunities for MSMEs, and (ii) the diversification of investment opportunities in the capital markets in Brazil.
Frida Project The proposed investment (the Project) consists of a senior debt facility of up to US$225 million to Banco Santander (Brasil) S.A. (Santander or the Bank) to support the origination of sub-loans to women-owned small and medium enterprises (WSMEs) in Brazil. The facility consists of: (i) a 4-year bullet A-loan of up to US$150 million on IFCs own account, and (ii) a 2-year bullet B-loan of up to US$75 million.   Santander is the third largest private bank in Brazil in terms of assets, and the largest foreign bank in the country, belonging to Banco Santander S.A. (Spain), (Santander Spain). With a wide branch network comprised of 2,262 branches, Santander is very active in the retail and wholesale business, holding a market share of 8.9% in terms of assets, 9.3% in terms of loans, and 10.7% in terms of deposits in Brazil as of June 2018. (i) Project Impact - Stakeholders: IFC anticipates that the Project will contribute to close the significant financing gap for WSMEs in Brazil, where 30% of WMSMEs find themselves to be financially constrained. The Project will leverage on Santander's position and distribution network to expand access to finance for WSMEs. 

(ii) Market Impact - Competitiveness: The Project should demonstrate to other lenders the business opportunity presented by under-served WSMEs, leading to replication that will improve competitiveness through an increased offering of financial services and products for WSMEs.
BIB B loan Project Banco Industrial do Brasil S.A. (Industrial or the Bank) was established in 1994 in São Paulo, Brazil. The Bank operates in the middle market segment and its core activity is working capital lending backed by receivables.  In June 2010, the Banks total assets reached R$2.1 billion, with a credit portfolio of R$1.1 billion and net income totaled R$19.4 million for the first semester of the year. 

The project involves the provision by IFC of an A Loan for an amount of up to $15 million. The project also includes a B Loan, for an amount of up to $45 million. The proceeds from the A and B Loan will be used by the Bank to expand its lending activities involving SME companies. Industrial has expertise in credit operations, particularly involving SME borrowers. The three major development impacts embedded in this project are: (i) expand access to credit to underserved SME segment; (ii) help maintain a competitive environment in the concentrated Brazilian banking sector; (iii) IFC Environmental and Social Standards: the Project facilitates the Bank setting up an appropriate social and environmental management system, commensurate with its business lines.
Bradesco TF Bradesco provides a comprehensive range of retail as well as wholesale financial products and services directly or through subsidiaries to 13 million clients, serviced by a network of 2,928 branches (figures as of September 30, 2002). 
The TFF transactions have been successful in convincing international banks with existing credit line authorizations to Brazilian banks to re-extend trade funding that had been withdrawn since earlier this year. Also, in many cases, lenders were able to "swap" upcoming maturities under existing trade finance facilities to Brazilian banks into the B loan structures afforded by these transactions  thereby locking in 12-month funding for the Brazilian banks that might have been withdrawn in the near future in the absence of the initiative. B Loan tranches have also included several "new money" commitments from international lenders that did not have existing credit exposures to the relevant Brazilian banks. 
The TFF transactions have demonstrated that the B loan structure is extremely effective in helping to address short-term Brazil country exposure concerns of international banks for an intrinsically low-risk asset class such as trade finance, and in complementing efforts on the part of the Brazilian government to persuade international lenders to leave in place credit lines currently outstanding to Brazilian financial institutions. 
IFC's role in the proposed Bradesco transaction is three-fold: (1) providing funds directly to Bradesco; mobilizing funding from commercial lenders into the B loan structure, which has (a) recently been withdrawn, (b) would likely be pulled in the near future, and/or (c) has an existing tenor which is extremely short by historical standards, and (3) making possible the participation of another multilateral institution in an A loan to Bradesco.
Divitia FIM Crédito Privado The proposed project involves supporting Divitia Investimentos Ltda. (the Fund Manager) in raising and structuring Divitia FIM Crédito Privado Fund (the Fund or Project), a credit opportunity fund (COF). This capital market vehicle will mobilize local institutional investors to provide financing for domestic mid-size corporates that are underserved by the local banking sector.   As part of IFCs Capital Market Development Strategy, the project has the potential to enhance capital market development in Brazil by channeling more capital flows than in the past from local institutional investors into under developed credit markets, enhancing capital market liquidity, extending available credit tenors, and supporting further primary issuance of new credit assets as well as its secondary market in the country. The Fund can influence the local industry and set up high standards as well as performances that may consolidate the COFs as a new investible asset class for local institutional investors. The proposed Project is expected to have the following development impacts: - Increase the Access to finance: The project will increase the access to finance to the underserved mid-size corporate sector in Brazil. The project is also expected to expand IFC current efforts in this market segment by making medium term funding available to mid-size corporates. - Job creation: The fund will provide loans to the mid-size corporate sector, key employer in the Brazilian economy. Thus, supporting the fund in turn supports the primary drivers of job creation and growth in Brazil - Local Capital Markets Development: The project will help deepen and strengthen local Brazilian capital markets to the benefit of local mid-size firms. The Fund Manager aims to foster industry development, improve best practices, and overall raise the profile of this investment technique in Brazil.
Santa Adelia The proposed investment consists of a senior loan of up to US$50 million composed by an A loan of US$30 million equivalent and a B loan of up to US$20 million, to support Usina Santa Adelia S.A.s (Santa Adelia or the Company) investment plan for the 2022 and 2023.  Santa Adelia is a leading sugar, ethanol, and renewable energy producer in Brazil, with two mills located in the Sao Paulo state. The investment will support (i) sugarcane replanting; and (ii) development and implementation of irrigation systems (the Project). The most significant, expected project-level outcomes are economy wide impact and environmental effects from increased ethanol production as well as renewable energy sales. Beyond the Project, IFC anticipates that the investment has the potential to contribute to improving agricultural practices at the sector level and further strengthening its competitiveness through demonstration effect and replication.
TAM Airlines TAM provides scheduled air transportation in both the Brazilian domestic market and the international market through its operating subsidiaries TAM Linhas Aéreas and TAM Mercosur. According to data provided by the Brazilian Department of Civil Aviation (DAC), the company is the leading airline in the domestic market, with a 44.3% market share as of August 31, 2005, as measured in revenue passenger kilometers.     TAM offers frequent and direct flights to and from all major domestic Brazilian airports at competitive prices, serving the largest number of destinations in Brazil of all Brazilian airlines, and operate scheduled passenger and cargo air transport routes to 44 cities, in addition to a further 29 domestic destinations that the company serves through regional alliances with other airlines.      The company also directly serves ten international destinations and provides connections to other destinations through commercial agreements with American Airlines, Air France and certain other airlines. In 2004, the company carried approximately 12 million passengers on domestic flights and 1 million passengers on international flights, averaging 435 take-offs per day.    The project is a $50 million loan comprising:     -  a $25 million revolving facility for pre-delivery purchase (PDP) financing of Airbus 320 family aircraft it intends to obtain between 2005 and 2010, and    -  a $25 million corporate loan for ongoing operational requirements.
Macae Project Brazil has been experiencing an energy crisis resulting from several years of significant under-investment in new generation and transmission capacity and heavy reliance on hydropower.  The project is an 870 MW "quasi" merchant natural gas-fired power plant.  It is being developed under the Priority Thermal Power Program launched in 2000 by the government of Brazil.  As such, the Macaé plant will help to underpin the governments objective to more optimally balance Brazils sources of energy supply by increasing thermal generation capacity, thereby reducing the country''s reliance on hydropower.  The project will provide reliable and flexible thermal power to the Southeast region of Brazil, one of the areas heavily impacted by the recent energy crisis.  Due to the flexibility of the plant''s technology and fuel supply arrangements, the Macaé plant is one of the few thermal power plants in Brazil which is able to flexibly respond to the country''s power needs.  The plant is located in a strategic location on the Brazilian electricity grid and, as such, will help to optimally regulate the operation of the electricity grid in the region.       By supporting the development of the project, IFC will be providing strong support to the Brazilian power sector as the country seeks to emerge from the recent energy crisis.  IFC''s support will help to ensure that the project is able to mobilize the large amount of commercial financing which is required for an investment of this size (B loan of up to $275 million).  IFC''s involvement will also help to ensure that any environmental/social issues related to the project are addressed in a manner consistent with World Bank Group policies and guidelines.