devinitorg/iati-policy-markers huggingface dataset:
BBA Creditanstalt S.A. Summary Of Project Information (SPI)       Project Name    Brazil  BBA Creditanstalt      RegionLatin America and the Caribbean   Sector   Project No009985   Projected Board DateFebruary 20, 2000   Company NameBanco BBA Creditanstalt   Technical Partner and/or Major Shareholders    	BBA is Brazil''s 13th largest private sector bank in terms of total assets. Bank Austria, owns 48% of BBA''s total share capital, comprising 33% of the   voting shares and 63% of the non-voting shares. A further 48%, comprising 63% of the voting shares and 33% of the non-voting shares, is owned by BBA Participações, a holding company for BBAs founding shareholders. The remaining 4% of BBAs capital is ow  ned by other senior executives of BBA.      Project Cost Including proposed IFC investment    	The proposed IFC investment is US$40 million.      Location of project and Description of site    	BBA is headquartered in Sao Paulo, Brazil    Description of Company and Purpose of Project    	The project is a credit line that will be targeted at medium-sized export-oriented borrowers in Brazil. It is a response to the sluggish performance of Brazilian exporters following the currency float in January 1999. In part, this performance results from declining dollar prices of Brazilian exports. However, it is also the consequence of lack of long-term financing for export-oriented projects.     	The project will enable IFC to help a relatively large number of Brazilian exporters more efficiently than through direct IFC lending. Thus it will help these firms to modernize plant and equipment or to expand to meet external competition or to take advantage of new opportunities opened by changes in relative prices.      Environmental Category and Issues    	This is a Financial Intermediary (FI) Type 2 project according to IFC''s environmental and social review procedure. BBA must obtain IFC clearance prior to making any loan or investment in any Category A subproject. BBA must participate in environmental training as may be required by IFC, develop an environmental management system, and provide an annual environmental performance report.    	     Date SPI sent to InfoShop     January 21, 2000      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384
Cibrafertil table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }   Cibrafertil - Companhia Brasileira de Fertilizantes (Cibrafértil or the Company), is a family investment business that produces, imports and distributes fertilizers in Brazil. Cibrafértil is the 5th largest fertilizer company in the country (~4% of market share) and operates 8 production, blending and storage facilities with capacity of 1.7 million tons of fertilizer. Cibrafértil employs around 450 people.       Cibrafértil was founded in 1994 by a local group and acquired by the Vashisht family in 2012. Main Shareholder is Paribara (99.99%), controlled by the Vashisht family (Neha Vashisht (30%), Niti Vashisht (30%), Ashu Vashisht (20%) and Naresh Vashisht (20%) - the Family), citizens of the United States. The Family has a long history of successful investments, with Omimex Group in the United States and fertilizers in Latin America with Grupo Abocol. 1.	Strengthening food security: improved availability and cost of high quality fertilizers will help local farmers in Brazil to boost productivity and increase agricultural production. 
2.	Frontier Regions: Supporting a second tier market leader with operations in frontier regions of Brazil: Cibrafertil is headquartered and has 5 out of 8 plants in Brazil's much needed frontier regions of Brazil (state of Bahia, Goias and Mato Grosso).
3.	Job creation: Cibrafertil currently employs around 450 people in Brazil. Implementation of the Project will help Cibrafertil to generate additional 150 jobs. 
4.	Transfer of technology and know-how: the Project will enable transfer of technical and managerial know-how in the fertilizer manufacturing and distribution sectors, strengthening competitiveness of local famers and contributing to sector growth.
Constructora Norberto Odebrecht The proposed project consists mainly of refinancing CNO''s existing debt.  In order to finance its activities and continued growth, CNO borrowed US$280 million, through a financial structure maturing in June and July 2002 . Due to the political uncertainty in Brazil, the recent crisis in Argentina, and the terrorist attacks to the USA, the international financial market has been adversely affected. It is in this context the company has requested IFCs assistance in mobilizing US$280 million for the financing of its future operations (the project).      IFC Role      	     IFC''s role in this project includes: (i) providing financing that is otherwise currently not available; (ii) "bailing-in" other private sector financing sources through its B-loan mobilization program; (iii) advising the company on a more rational and sustainable financing structure and financial management through appraisal; and (iv) contributing in the improvement of corporate governance practices.      Development Impact     The Brazilian private sector at present is faced with multiple threats to its stability and prospects of future growth: the depreciation of the Real; the current political and economical uncertainty in Argentina; the political anxiety prior to the 2002 presidential election; the world economic slowdown; and the flight to quality since the September 11 event.  These factors are seriously affecting Brazilian firms ability to raise financing necessary to maintain the normal course of business, let alone to invest for future growth.  Even large companies that previously had access to market financing have lost access.  Under the circumstances, demand for financing support from institutions like IFC is mounting and pressing.  This requires IFC in the short-run to narrow its focus towards responding to such urgent demand, while remaining within the framework for its medium-term objectives. In relation to this project, the borrower has agreed to earmark US$1 million to finance a social project, acceptable to IFC.
Valor Venture Fund II, LP The proposed is an equity investment of up to $7M in Valor Venture Fund II, (Fund II), a Cayman domiciled venture capital (VC) fund focused on investing in early-stage technology companies in Brazil. 1. Supporting innovation, creating markets and providing access to capital: Startups in emerging markets currently lack access to patient equity capital, global know-how and operational support that professional fund managers offer. Early stage companies need cash infusions in relatively quick successions as they achieve scale. Without adequate funding, they would not be able to sustain operations and be forced to abandon their pursuit of developing disruptive businesses. Thus, there is a significant role for governments and developmental finance institutions to play in helping to support and sustain entrepreneurship and innovation in underserved markets. Access to equity is difficult for asset light businesses such as technology firms. IFC's commitment would provide the necessary patient capital to support and grow such innovative businesses.
2. Global expansion of local businesses: The Fund will support an innovation ecosystem around its investees to maximize success potential and foster skills development and international best practice. The project is expected to reach 25 early stage companies and improve operations with proper guidance.
3. Governance, and operational improvements: IFC will offer guidance and ensure that local businesses implement best practices in various fields.
Internexa Brazil As part of its ongoing regional expansion, Internexa S.A. ("ITX" or the Sponsor), a Colombian neutral carrier of carriers, has targeted Brazil as its main source of growth for the next five years. ITXs strategy is to expand its operations in the country through strategic investments in fiber optic network, equipment and operational assets that will complement an already existing operation that includes 3,300kms of fiber optic cable connecting Rio de Janeiro, Belo Horizonte, Sao Paulo, Curitiba and Porto Alegre. The latter also serves as connection point to ITXs approximately 22,000kms fiber optic network that provides fiber optic access to clients in Colombia, Ecuador, Peru, Chile, Argentina and Brazil.   ITX has envisioned a five year multiphase project that seeks to increase supply, redundancy and competition for telecoms transmission infrastructure while offering connectivity opportunities to the Sponsors clients in Brazil and other Latin American countries. ITX´s expansion brings additional connectivity and redundancy opportunities to smaller operators that do not have the capacity to build their own network.   Overall, the proposed project will help the Sponsor to ramp up operations by consolidating its position as backbone and metropolitan carrier. With the increased capacity and connectivity, ITX will be able to provide carrier services not only at Brazil level, but also to clients in the Southern Cone and Andean Region that are already using the Sponsors extensive fiber optic network. - Access to Broadband: The Project addresses the growing demand for fiber communications and its supporting infrastructure. - Shared infrastructure: As mobile operators are under pressure to improve their networks, niche operators like Internexa are well positioned to provide basic infrastructure services to such Mobile Network Operators ("MNO"). For telecom operators, infrastructure sharing benefits include reduced capex which translate into lower cost of service. Infrastructure sharing is critical in further fueling the evolution of the telecom market, indirectly assisting in the development of broadband services, content and applications, mobile finance and mobile advertising, as several industry segments begin converging. - Reduce Pricing / Increase competition: By supporting a small operator, IFC would be contributing towards fuelling competition and reducing communication prices. Today, a country like Brazil still has one of the highest tariffs for broadband services in the region.  - South - South Project: IFC would be supporting a Colombian Sponsor to undertake a regional Project, further contributing to regional integration. When fully operational, Brazilian operations for ITX may represent up to three times the size of their telecoms business in Colombia.
Elektro SLL The proposed financing consists of an 8-year BRL 800 million green + sustainability-linked loan to Elektro Redes S.A. (Neoenergia Elektro or the Company). The proceeds will fund a portion of Elektros 2023-2025 capex plan, including network enhancements, automation, and network expansion projects (the Project), excluding transmission lines. Neoenergia Elektro is the thirteenth-largest energy distributor in Brazil in terms of number of clients and has a 3.5% share of the national energy market in Brazil. It operates a concession area of 120,000km² with more than 2.8 million customers in 2022 (c.6 million inhabitants) in the States of Sao Paulo and Mato Grosso do Sul. Project
Outcomes. IFCs investment will support green capex related to network
expansion, contributing to add new connections to the grid between 2023-2028 in
the State of Sao Paulo. IFCs intervention is also expected to decrease the
frequency and duration of power service interruptions, increasing the quality
and reliability of power supply.   

 Market
Creation. The proposed green + sustainability-linked loan is an innovative
product in the LAC region, most notably in Brazil. The IFC loan will be
Neoenergias second sustainability-linked financing (after the IFC investment
in Coelba in June 2022) and one of the first in the Brazilian infrastructure
space and the LAC energy sector.
Vinci CP IV The proposed investment is for up to US$50 million, capped at 20% of total commitments, plus US$30m in a co-investment envelope, into Vinci Capital Partners IV, L.P. (VCP IV or the Fund), a growth equity fund targeting US$1B in commitments to make mid-market investments in Brazil. The Fund is managed by Vinci Capital Gestora de Recursos Ltda. (Vinci or the Fund Manager), a strong partner to CDF with differentiated strategy in the Brazilian mid-cap space. VCP IV is part of Vincis flagship private equity strategy and is the successor fund to several similar strategies pursued by Vinci since 2003.   The Fund will seek to make 8-12 investments in growth stage Brazilian companies, providing equity ticket sizes between US$70 million and US$90 million mostly control and control-oriented investments (50%- 80%) while opportunistically considering minority growth investments (30%- 50%) with strong control rights. VCP IV will be sector agnostic but will focus on industries where Vinci has developed expertise, namely: Healthcare, Consumer & Retail, Education, Financial Services, Technology, and Agribusiness. Within these sectors, Vinci will pursue investments across 5 key Brazil trends they identified: Digitalization, aging population, health & wellness, sustainability, and convenience seeking consumer base. Vinci will support value creation for its portfolio in Brazil and commit to investing in at least 25 percent female led portfolio companies for the first time. The market creation claim is to strengthen the competitiveness of Brazils PE market. This fund will build on Vinci IIIs early success and supports other recent IFC PE investments in Brazils to continue to demonstrate the mid-market segment is attractive to institutional investors, reducing the segments reliance of DFIs.
TriBanco Brazil Tribanco was created in 1990, it holds a full banking license, and is subject to the supervision of the Central Bank of Brazil. Tribanco provides financing and banking services to customers (small shop owners) of Grupo Martins (as well as some of its suppliers).  Grupo Martins (Gmartins) is the largest wholesaler/ distributor in Latin America. Tribanco, a subsidiary of Gmartins,  provides a wide range of financial services for its clients including receivables discounting, equipment purchase financing, investment alternatives and even credit cards to the clients of the retail shops it supplies. Tribancos credit portfolio composition is 65% small retail shops, 34% suppliers and 1% logistics services.

This project will provide Tribanco with the funding to develop new products designed to upgrade or expand the sales outlets of micro and small entrepreneurs. There is significant developmental impact, since many of Tribancos customers are microenterprises located in less privileged or remote regions of the country. IFCs financing will thus support a pioneer microfinance operator in a large, underserved market.
Globo Cabo S.A. Globo Cabo is Brazils largest pay-TV operator and a leader in the provision of high speed internet services to the residential and SOHO market.   The company was set up in 1998 following the merger of Globo Cabo''s operations and those of Multicanal S.A.  Its network now passes 6.5 million homes and has 1.44 million subscribers (25% penetration).   Its management and operations are first class.  The company is the market leader in Brazil with a 43% market share.  It has very strong content, and is now also offering broadband cable modem services and corporate network data transmission services (fiber optic, coaxial cable and wireless solutions to transmit voice, data and video) to a variety of market segments, including small and medium enterprises.  Additional telecommunication services may also be added in due course.    Today, the company is the result of a number of mergers and acquisitions involving other companies in the sector.  Over the past several years, GC and the companies it acquired borrowed heavily to finance network capital expenditures, subscriber acquisition costs and other costs associated with a start-up operation in this sector.  A significant portion of those borrowings were in USD which has added to the burden of this debt load.  The project is a recapitalization involving raising new equity capital and lengthening debt maturities.       With the major shift in the view of the global capital markets towards this type of business, from an oversupply of capital to an undersupply, many companies have found themselves without the ability to refinance maturing debt.  In the case of Globo Cabo, this global trend has been accentuated by a general reluctance to lend into or invest in emerging markets and the slowdown in the Brazilian economy occasioned by the Brazilian energy crisis and some measure of contagion from Argentina.  IFC''s role in this project would be to allow the company to extend debt maturities and access significant amounts of local currency funding at a time when that might otherwise be difficult.    This would be the first partial credit guarantee used in the Brazilian bond market.  As such, we expect that it will have a positive impact on the development of the local currency bond market.  In addition, the increased financial flexibility should allow the company to continue investment in Brazil''s broadband infrastructure at a time when it would not be likely to be able to do so otherwise.    As of May 2, 2002, the company changed its name to "NET Serviços de Comunicação S.A  ."    The relevant notices to shareholders and press releases were made by the company on May 2.  This name change does not impact the project in any way.
Tribanco II Tribanco (the Bank) was created in 1990, and provides financing and banking services to customers (small shop owners) and suppliers of Grupo Martins. Grupo Martins (GMartins) is the largest wholesaler/ distributor in Latin America. Tribanco, a subsidiary of GMartins, provides a wide range of financial services for its clients including receivables discounting, equipment purchase financing, investment alternatives, and credit cards to the clients of the retail shops it supplies.  This will be IFCs second project with Tribanco and aims at providing the Bank with the funding to further expand Tribancos activities with micro and small entrepreneurs located in the least developed regions of Brazil. The project also intends to mobilize resources through a B loan, expanding Tribancos funding options in a difficult market environment. This project is expected to have a high development impact, building up on the results of IFCs previous project with the Bank. It is expected to be significant in terms of its support for micro and small businesses and employment generation in areas and among populations that are underserved by the formal banking system. Tribanco follows GMartins to the most remote and neglected urban and rural areas of Brazil, where many people (small shops and end consumers) have virtually no access to financial services.   Moreover, through the B loan, the Bank may be exposed to a new set of international investors, expanding its funding network.
Localiza Flex The proposed IFC investment consists of up to US$200 million A-Loan to Localiza Rent a Car S.A. (Localiza or the Company), a regional leader in the vehicle rental business headquartered in Brazil with a presence in Latin America. The loan will partly support the Companys 2023 capex plan, which consists of purchasing more efficient flex-fuel vehicles (biofuels-based) to renew and expand its existing fleet. The Project will support the continued growth of the automotive industry in Brazil, in addition to enhancing the market competitiveness of the car rental industry through demonstration and replication. The Project will also contribute to increasing energy efficiency and process improvements to reduce GHG emissions by supporting the Company's decarbonization targets.
Ideal Invest Ideal Invest (Ideal) recently started providing students with access to loans to finance college tuition.  Ideal funds these loans in the capital markets through securitizations.  The Crédito Universitário Fundo de Investimentos em Direitos Creditórios (FIDC), a vehicle established by Ideal with the sole purpose of buying the student loans originated by financial institutions, issues senior and subordinated securities to fund these purchases.  Local investors buy the senior securities and Ideal buys the subordinated securities issued by the FIDC.   Ideal plans to increase its student loans program to approximately R$480 million (approximately $300 million) over the next several years.  As the company plans to accelerate the growth of its student loan portfolio, it has asked IFC to provide a credit enhancement to the senior securities in the form of an irrevocable guarantee to buy mezzanine securities, in an amount up to R$60 million (approximately $37 million) in case certain events occur.  Combined, the subordinated and IFCs guarantee to buy mezzanine securities should provide senior investors with sufficient subordination. The expected developmental impacts include:     - Expanding access to tertiary education for students looking for flexible and affordable financing alternatives,  - Improving efficiencies in the education system by making tuition flows more predictable for participating universities and reducing drop-out rates,  - Developing capital markets and mobilizing additional private resources in education financing, and  - Supporting the growth of an innovative local entrepreneur.                           It is important to highlight that over 60% of Ideals student borrowers are first generation college students in their families.
Brasil Terminal Portuario Brasil Terminal Portuário (BTP or the Company) is developing a container terminal in a brownfield area within the Port of Santos to serve Sao Paulo and surrounding areas in Brazil (the Project). The Port of Santos, Brazils main port, is the largest port in Latin America and also one of the most crowded.  The existing container terminals at the port are operating at capacity with ships waiting outside the port in order to be serviced.  The additional container handling capacity that the Project will provide is key to relieving congestion and improving efficiency. In addition, the Project will have a significant positive impact on pollution prevention and control as it includes remediating the project site formerly used for waste disposal. Upon completion, the terminal will have a draft of 15 m and the latest container handling equipment, enabling it to serve todays large containerships and help address the shortage of container handling capacity in Santos. The Project will help strengthen the port sector in Brazil by increasing container handling capacity at the Port of Santos. The increased capacity at BTP will help ease the existing congestion at the Port of Santos's container terminals, which are currently operating at capacity. The accompanied remediation of the site formerly used for waste disposal will benefit the Santos community and avoid further contamination of the soil and water. The Project will also create direct and indirect employment opportunities and increase revenues for the Government of Brazil through increased economic activity and higher tax payments, custom duties, and royalty and lease payments.