devinitorg/iati-policy-markers huggingface dataset:
Procesadora Nacional de Alimentos C.A. - PRONACA Procesadora Nacional de Alimentos C.A.-PRONACA (Pronaca or the comany) is a fully-integrated poultry and pork processor. IFC will provide financing for Pronaca to construct a new distribution center in Guayaquil and expand storage facilities in its Quito distribution center; upgrade the environmental standards of its farms and slaughterhouses, refinance short-term debt; and acquire a local company in the packaged meats sector.
WCS Crisis Response Produbanco The proposed Project consists of an up to US$50 million senior loan to Banco de la Produccion S.A. Produbanco (Produbanco or the Bank) in Ecuador under FIG COVID 19 Emergency Response WCS Envelope (WCS Envelope). The use of proceeds will be directed to working capital/trade loans to micro, small and medium enterprises (MSMEs), women and women-owned MSMEs.
PichinchaGBandSD The proposed investment in Banco Pichincha (Pichincha or the Bank), an existing IFC client and Ecuadors largest bank, consists of:   (i) an investment of approximately US$50 million in a green bond for IFCs own account, as part of the Banks US$250 million green bonds program, for the financing of the Banks climate smart portfolio, and   (ii) an investment of up to US$20 million in a subordinated loan for IFCs own account, plus a US$30 million mobilization, for the financing of the Banks SME portfolio.  The Project aims to achieve the following: (i) consolidate a commercial relationship with Pichincha, a strategic client with which IFC can further collaborate through both investment and advisory services, (ii) support the development of local capital markets and climate smart projects by subscribing resources, (iii) enhance the level of credit and financial services offered to underserved SMEs, and (iv) strengthen the Banks capital by providing sub-debt which qualifies as Tier II capital under local regulation. The Project is expected to have a significant Stakeholders impact by aiming to increase access to finance to SMEs in Ecuador, as almost 31% of SMEs are fully or partially credit constrained. The Country's SME finance gap is estimated at US$15.6 billion, which is 16% of GDP. The Project also aims to increase and foster the development of climate smart projects. Ecuador ranks 7th in CO2 emissions in LAC and has committed through the Intended Nationally Determined Contributions to reduce GHG emissions by 25%.

Additionally, the Project is expected to have a significant contribution to market creation through Integration, as the Project is anticipated to be the first green bond to be issued by a bank in Ecuador and will therefore have a demonstration effect for climate smart and sustainability-focused projects through banking institutions, further contributing to greater deepening of financial and capital markets in Ecuador.
Favorita Fruit Company Ltd. Favorita Fruit Company (Favorita or the company), a holding company, is one of the leading banana growers and exporters in Ecuador.   The company operates other wholly-owned subsidiaries whose activities include trading and shipping bananas, producing cardboard boxes and plastics, providing fumigation services, and importing fertilizers.  It has requested IFCs assistance in financing a corporate-wide investment program which involves:  - expansion of existing fertilizers storage capacity at its port;  - construction of a hydroelectric plant;  - replacement and modernization of equipment and machinery;  - refinancing short and medium term debt  The project is aimed to:   - eliminate material flow bottlenecks and inefficiencies through expanding and consolidating the capacity of Favoritas industrial and service businesses;  - continue reducing operating costs while increasing reliability of energy supply;  - carry out needed maintenance investments and equipment upgrades to maintain the companys competitive position in the global market; and  strengthen Favoritas financial structure in order to firm-up its banana/overall operations in Ecuador. The project supports the continued development of one of Ecuadors leading agribusiness companies and a long standing excellent IFC client. It will improve Favoritas competitiveness in the production and commercialization of bananas, as well as other secondary activities such as processing of dairy products, cardboard boxes, port activities and fertilizer business. Finally, the project will result in an additional supply of renewable energy, in a country with unreliable and insufficient sources of electricity.
Internac Loan II The proposed IFC investment consists on a senior loan for Banco Internacional (Internacional or the Bank), to support the expansion of the Banks portfolio to small and medium enterprises (SMEs), including women-owned SMEs. The development impact of the project is expected to be high. The most significant, expected project-level impacts are derived from: (i) increase access to finance to SMEs in Ecuador, which will in turn stimulate growth, employment generation and poverty reduction; and (ii) improve access to finance for women owned SMEs, underserved and vulnerable segment in Ecuador. The Bank is expected to leverage on IFC's experience and track record in the SME and women owned segments. 

Beyond the project-level impact, IFC anticipates that the project will create a demonstration effect for other financial institutions in Ecuador in terms of supporting women business.
Conclina Cumbaya The proposed investment consists of an IFC A Loan of up to US$25 million to Conjunto Clinico Nacional Conclina (Conclina or the Group), a leading integrated healthcare group based in Ecuador. The Group includes (i) Hospital Metropolitano, the leading high-complexity private hospital with 141 beds in the country which enjoys one of the strongest reputations for quality of care (first and only one accredited by Joint Commission International, JCI - a global healthcare certification), located in Quito; (ii) Humana, the third largest prepaid medicine insurance entity in the country; and (iii) Metrored, an ambulatory care network with 7 outpatient clinics in Quito, Cumbaya and Guayaquil.  The proposed IFC loan will finance: (i) the construction of a new up to 70-bed-hospital under the Metropolitano brand in the Cumbaya area of Quito; (ii) two medical towers for doctors offices; and (iii) upgrades to the existing infrastructure of Hospital Metropolitano including digital transformation investments (The Project). The most significant expected project-level outcome is an increase in coordinated access to high quality healthcare services in Ecuador. The Project supports the establishment and operation of a new specialty care hospital in Cumbaya that will contribute to alleviating the burden of disease for patients through reduction in travel time and access to new specialties care and will create direct and indirect job opportunities, including for medical professionals. Beyond the project, IFC anticipates that this investment will promote competitiveness in the healthcare market, particularly in Cumbaya.
Moderna Project Moderna Alimentos S.A. (Moderna, or the Company) leads the wheat flour milling market in Ecuador with 39% market share and sales of $130m in 2009. Leveraging on this strength, Moderna plans to further improve efficiency and expand value-added products (bread, pasta, social programs). Moderna is headquartered in Quito with operations in Quito, Amaguaña, Manta, Riobamba, Guayaquil, and Cayambe. 

The Project is for the Company to (i) upgrade wheat/flour storage & logistics; (ii) acquire the assets of Molinos La Union; (iii) start-up Millerecuador S.A. and add a pasta line; and (iv) expand bakery business. Expected developmental impacts include: (i) support a key staple food producer in Ecuador, help to secure food supply; (ii) help with the feasibility study and implementation of a program aimed at increasing fortified food supply to poor children & women through the GAIN/IFC AS program; (iii) create new jobs by reviving a bankrupted flour & pasta company which will have a significant impact on the development of a rural area of Ecuador.Expected developmental impacts include: (i) support a key staple food producer in Ecuador, help to secure food supply; (ii) help with the feasibility study and implementation of a program aimed at increasing fortified food supply to poor children & women through the GAIN/IFC AS program; (iii) create new jobs by reviving a bankrupted flour & pasta company which will have a significant impact on the development of a rural area of Ecuador.
Bolivariano BOW The proposed investment consists of a 5-year senior unsecured loan of up to US$50 million, to Banco Bolivariano C.A. (Bolivariano or the Bank) to support the growth of the Banks women-owned SME portfolio. The Project is aligned with the objectives of the Banking on Women (BOW) program. The most significant, expected Project-level outcome is increased access to finance for SMEs, and especially WSMEs. Beyond the Project, IFC anticipates that the project will promote the competitiveness in the countrys WSME finance market through demonstration and replication channels.
Mavesa Ecuador Founded in 1932, Maquinaria y Vehículos S.A. (Mavesa or the Company) is a family-owned, leading distributor of specialized vehicles from well-known brands including Hino and Citroen among others. The Company has a wide portfolio of mostly commercial vehicles, including buses, heavy-weight trucks, construction equipment, and light cargo vehicles utilized in multiple industries in Ecuador. The Company also owns and operates a network of 33 specialized vehicle shops and service centers across 12 cities, providing full after-sales services to customers.  As part of its business model, Mavesa finances part of heavy-weight vehicles sales to its clients, mostly microentrepreneurs, who need long-term financing and competitive rates from the Company given their limited resources versus the relative high cost of the vehicle, and the fact that local banks dont have sufficient appetite for the relative informality of the transportation activity.  The proposed investment will be structured as a securitization-like structure of the Companys loan portfolio, originated from the provision of heavy-weight vehicle financing to its clients, to partly finance Mavesas 2022-2024 investment plan related to working capital to finance the Companys on-lending activities and growth post-COVID (the Project). The most significant expected Project-level outcomes are the effects on consumers where the Companys financing of heavy vehicles will enable microentrepreneurs to develop and run their businesses that would otherwise not be possible. Beyond the Project, IFC anticipates that its financing will promote competitiveness in the commercial vehicle retail industry in Ecuador.
Produbanco SGB The proposed Project consists of a financing package of up to US$160 million to Banco de la Producción S.A. Produbanco (Produbanco or the Bank) in Ecuador, including mobilization from additional investors on a funded and unfunded basis. The use of proceeds will be directed to towards small and medium enterprises (SMEs), women-owned SMEs, climate smart sub-projects and blue economy sub-projects. The most significant, expected Project-level outcome is improved access to finance for SMEs, women-owned SMEs and climate-smart projects, including those associated with the blue economy. Beyond this Project-level outcome, IFC anticipates that the Project will further contribute to market wide sustainability through innovation, demonstration, and capacity building channels, as it will catalyze private FIs and investors to allocate capital to environmental challenges through blue financing.
Agrocapital, S.A. Summary Of Project Information (SPI)       Project Name    Ecuador-Alborada Rose Project            Region    Latin American & Caribbean        Sector       Project No007687   Projected Board DateJuly 12, 1996   Company NameFlorAgricola La Alborada Cia. Ltda. (Alborada)   Technical Partner and/or Major Shareholders    	The principal shareholder (52%) is Royal Floral Distributors, Inc. of Miami, Florida, a major rose importer and wholesaler.  Royal Floral will handle the distribution of the projects roses in the U.S.A. and in Asia.  The Ecuadoran shareholder (48%)is Mr. Manuel Romoleroux, a lawyer with financial interests in other rose farms.    Project Cost Including proposed IFC investment    	The project cost has been estimated at US$14 million.  IFC will provide a seven year loan in the amount of US$3.5 million.    Location of project and Description of site    	The 35.5 ha site is located on former farm land near Cayembe, in the Andean highlands, about 40 km from Quito.  The property consists of cleared, gently sloping land surrounded by eucalyptus and poplar wind breaks.     Description of Company and Purpose of Project    	Production of 30 million cut roses for the export market. The roses will be grown under 20 ha of greenhouses. IFC will provide medium-term financing which is practically non-existent in Ecuador.  It will also play a catalytic role by mobilizing US$3.5 million in additional loan financing from the Commonwealth Development Corporation.  The project is expected to generate US$15 million annually in gross foreign exchange earnings and to create 230 jobs, mainly for women, in a rural area of Ecuador.      Environmental Category and Issues    	This is a Category B project according to IFCs environmental review procedures.  Environmental, health and safety issues associated with this project include liquid effluent control and treatment, solid waste disposal, handling and application of pesticides, and employee exposures to pesticides.  The site is located within an existing rose farming area.  Liquid effluents will be controlled and treated by septic tank systems, and organic solid waste will be composted and recycled.  A pesticide application plan will be developed to minimize the use of pesticides, and biological pest control will be used where possible.     The  is  May 31, 1966 from the Public Information Center.         Date SPI sent to PIC     May 31, 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).
Pichincha Senior The proposed transaction aims to support Banco Pichincha in Ecuador (the Bank or Pichincha) through a senior loan which would facilitate resources for existing operations and expansion of its lending to MSMEs and women-owned companies. In addition, the Project would initiate a relationship with Pichincha Group (the Group), present in various countries in Latin America, where IFC can collaborate with both investment and advisory services.  Pichincha is the largest commercial bank in Ecuador by assets with a significant presence in the MSME segments, holding the largest market share in microfinance (48%) as of December 2013. The development impact of IFC''s investment in this Project is expected to be high given that:  - IFC will enhance the Bank and the Group''s ability to support productive micro, small and medium enterprises which will in turn stimulate growth, employment generation and poverty reduction. Pichincha will be able to increase its outreach and sustainability incorporating thousands of new entrepreneurs to the formal financial sector and will strengthen its support to women-owned companies.  - IFC will introduce international best practices in environmental policies, strengthening the Banks'' environmental management system.
Favorita WC Favorita Fruit Company (Favorita or the company), a holding company, is one of the leading banana growers and exporters in Ecuador.   The company operates other wholly-owned subsidiaries whose activities include trading and shipping bananas, producing plastic bags, providing fumigation services, and importing and distributing fertilizers.  It has requested IFCs assistance in financing a corporate-wide investment program which involves:

- replanting efforts to change the banana variety from Valery to Williams 
- redesign and modernization of equipment and machinery; and
- refinancing short and medium term debt

The project is aimed to: 

-  continue reducing operating costs by increasing the banana yield per hectare; 
- carry out needed maintenance investments and equipment upgrades to maintain the companys competitive position in the global market; and 
- strengthen Favoritas financial structure in order to firm-up its banana/overall operations in Ecuador. The Project supports the continued growth of one of Ecuador's leading agribusiness companies and a long standing IFC client.  It will improve Favorita's competitiveness in the production of bananas, and ensure greater traceability and sustainability certification demanded by customers in developed markets.  The Company employs over 10,000 workers (nearly 9000 agricultural) and provides commercial opportunities for over 300 business partners and 400 farmer suppliers.
Pronaca Expansion Procesadora Nacional de Alimentos C.A.-PRONACA (Pronaca or the company) is a fully-integrated poultry and pork processor. IFC will provide financing for Pronaca for general corporate investment purposes. The companys operations provide further benefits through its extensive supply chain linkages to the local economy. 

- Employment: 

In total, Pronaca and its sister companies employ over 6,500 people in Ecuador; its operations support the activities of about 15,000 local suppliers of products and services.  

- Farmers linkages: 

Pronaca also buys almost two-thirds of the countrys corn production and supports local growers by providing technical assistance as well as some financing.

- SME linkages: 

Pronacas operations support the emergence of small entrepreneurs through its broiler outgrower system, as well as its network of distributors.
Diners MVR Project The project consists of an up to US$100 million investment in a Merchant Voucher Receivables program, to be established by Banco Diners Club del Ecuador S.A. (Diners or the Bank). IFC expects that the project will support Diners to increase access to finance to individuals, and more specifically to higher education students. Furthermore, IFC anticipates that the project will promote financial integration of the higher education sector in Ecuador via educational platforms supporting financing options for students.
FARMAENLACE 2023 The proposed investment consists of an IFC A Loan of up to US$20 million to Farmaenlace (the Company), a leading pharmaceutical retailer and distributor based in Ecuador. The proposed IFC Loan will finance the development of a new distribution center in Llano Grande following green building practices (seeking EDGE certification), the expansion of the Companys pharmacy network across the country and the refinancing of the Companys short-term lines (The Project). IFC expects the Project to improve the access to affordable healthcare products to consumers in Ecuador provinces, including in more rural areas. The Project is expected to create new jobs and has the potential to promote economic linkages to the rest of the economy. Increased investments in a new distribution center will have direct, indirect and induced multiplier effects on the economy by adding value across supply chains. At the market level, the Project will contribute to the regional healthcare system resilience by supporting the Company to expand and increase its capacity to respond to future health crises.
RSE COVID Omarsa The proposed IFC investment consists of an A loan to Operadora y Procesadora de Productos Marinos Omarsa S.A. (Omarsa or the Company). Founded in the 1977s by the Vanoni family, Omarsa is one of the leading integrated shrimp producers and processors in Ecuador. The project involves the financing of part of the Companys capex plan for 2021, consisting of (i) investments on shrimp farms to optimize the feeding process (including solar-powered feeding machines) and on the revamping of water pumping systems and (ii) an expansion on the cold storage facility and shrimp freezing equipment at the Las Brisas plant (the Project). These investments will allow the Company to improve its efficiency, in a scenario of low shrimp prices which were significantly affected by the Covid pandemic. The proposed financing will provide relief to the Companys liquidity condition, which has an important portion of its debt concentrated in the short term. -	Project impacts: Preserving extensive linkages throughout the value chain; maintaining direct and indirect jobs; increasing availability of high-quality protein.
-	Market impacts: Supporting the development of a competitive export-oriented sector; improving market practices regarding energy and resource efficiency.
Internac SEF As part of a joint Investment Services and Advisory Services strategy, the proposed IFC investment consists a senior loan for Banco Internacional (the Bank), in order to support the growth of climate smart projects and SME segments. The development impact of the project is expected to be high, as it will enhance the Bank''s ability to support projects which ultimately have a direct impact on reducing greenhouse gas emissions, while stimulating growth, employment generation and poverty reduction.   IFC''s term loan will also enhance Banco Internacional''s ability to support small and medium-sized enterprises which will in turn stimulate economic growth, while also increasing outreach and financial inclusion in Ecuador.   Banco Internacional should be able to increase its sustainability by increasing its cross-selling potential and capturing new clients, ultimately increasing the Bank''s profitability.   IFC will continue to implement and enhance international best practices in environmental policies, strengthening the Bank''s environmental management system.
Pronaca Agro The proposed project entails providing a corporate facility to finance the expansion of Procesadora Nacional de Alimentos C.A.  PRONACA (Pronaca or the Company), a vertically integrated poultry and pork processor and one of Ecuadors leading agro-industrial companies. The Company initiated its operations in 1958 and today it produces and commercializes meats (poultry, pork, and turkey), value added foods, rice and eggs, as well as animal feed and pet foods.  The proposed facility will help the Company finance its growth both domestically and abroad. (i) Farmers reach: Pronaca supports the activities of about 3,000 farmers. As an input to its operations, Pronaca buys about 40 percent of the country''s corn production. It also works together with the Government under an initiative called "Inclusive Business Program", a program that supports small farmers in increasing land productivity by providing technical assistance and financing for the purchase of certified seeds and inputs. It also ensures the purchase of their products (guaranteed volume and prices) via purchase agreements (849 farmers under this program). (ii) MSME development: Currently, Pronaca purchases about US$340 million from domestic suppliers, out of which over 90 percent are considered MSMEs. In addition, the Company supplies over 65,000 small retailers across the country with its products, thus supporting a vast supply chain, which is mostly composed of MSMEs. (iii) Downstream reach: Pronaca serves over 75,000 clients across the country directly and indirectly, through 43 exclusive distributors. By supporting Pronaca''s growth, the Project will generate business downstream. (iv) E&S best practices: Pronaca places high value on conducting its business in a sustainable manner and follows IFC''s best practices in E&S matters, being an example to the sector players in Ecuador.