devinitorg/iati-policy-markers huggingface dataset:
BAC Salvador – Support for the “Mujer Acelera” Program The proposed financing consists of an unsecured senior loan denominated in U.S. dollars (“US$”) to Banco de América Central, S.A. (“BAC El Salvador” or “the Bank") of up to US$60million, comprising: (i)an “A” loan from IDB Invest of up to US$40 million with a term of five years; and (ii)a loan from the China Co-financing Fund for Latin America and the Caribbean (“China Fund”) of up to US$20million (the “Financing”) with the same term. The transaction will support the growth of BAC El Salvador’s “Mujer Acelera” program by providing financing to women led/owned small and medium-sized enterprises (“SMEs”). The project is additionally expected to include advisory services to strengthen the Mujer Acelera program, as well as to support this segment in adopting new operating procedures in the context of the COVID-19 crisis through training sessions, virtual advice, and financial support (provided BAC ES has analyzed these options). The proposed financing consists of an unsecured senior loan denominated in U.S. dollars (“US$”) to Banco de América Central, S.A. (“BAC El Salvador” or “the Bank") of up to US$60million, comprising: (i)an “A” loan from IDB Invest of up to US$40 million with a term of five years; and (ii)a loan from the China Co-financing Fund for Latin America and the Caribbean (“China Fund”) of up to US$20million (the “Financing”) with the same term. The transaction will support the growth of BAC El Salvador’s “Mujer Acelera” program by providing financing to women led/owned small and medium-sized enterprises (“SMEs”). The project is additionally expected to include advisory services to strengthen the Mujer Acelera program, as well as to support this segment in adopting new operating procedures in the context of the COVID-19 crisis through training sessions, virtual advice, and financial support (provided BAC ES has analyzed these options).
Credifactor The proceeds of the proposed operation will help CrediFactor, S.A. expand its lending to small and medium-size enterprises in Nicaragua, mainly through invoice discounting (factoring). The loan will help the company grow its loan portfolio and diversify its medium- and long-term sources of funding. The proceeds of the proposed operation will help CrediFactor, S.A. expand its lending to small and medium-size enterprises in Nicaragua, mainly through invoice discounting (factoring). The loan will help the company grow its loan portfolio and diversify its medium- and long-term sources of funding.
Fonkoze Sub-Debt - Enhancing Financial Inclusion in Rural Haiti <p>Fonkoze Sub-Debt - Enhancing Financial Inclusion in Rural Haiti</p> <p>Fonkoze Sub-Debt - Enhancing Financial Inclusion in Rural Haiti</p>
Bachoco - Financiamiento Cadena de Valor <p>Bachoco - Financiamiento Cadena de Valor</p> <p>Bachoco - Financiamiento Cadena de Valor</p>
Explora Sustainable Tourism Explora Chile S.A. is a Chile-based sustainable tourism exploration and hospitality company featuring seven lodges across remote destinations in South America. The company provides unique and authentic experiences that allow visitors to interact with nature in a responsible manner and addresses the importance of land conservation and natural habitat protection. The transaction consists of providing a senior secured corporate loan of up to US$23.0 million to finance working capital needs, address refurbishment and upkeep needs, and provide growth CapEx to expand its portfolio footprint. Explora Chile S.A. is a Chile-based sustainable tourism exploration and hospitality company featuring seven lodges across remote destinations in South America. The company provides unique and authentic experiences that allow visitors to interact with nature in a responsible manner and addresses the importance of land conservation and natural habitat protection. The transaction consists of providing a senior secured corporate loan of up to US$23.0 million to finance working capital needs, address refurbishment and upkeep needs, and provide growth CapEx to expand its portfolio footprint.
VARMOXZ II The project consists of a financing for Grupo Arzyz, a leader in the nonferrous metals sector in Mexico, of up to $50.2 million to (i) finance the construction and start-up of a new rotary kilns plant, and (ii) the purchase of adjacent land for the future expansion of the plant. This is IDB Invest's second transaction with Grupo Arzyz. The project consists of a financing for Grupo Arzyz, a leader in the nonferrous metals sector in Mexico, of up to $50.2 million to (i) finance the construction and start-up of a new rotary kilns plant, and (ii) the purchase of adjacent land for the future expansion of the plant. This is IDB Invest's second transaction with Grupo Arzyz.
Calidra Argentina Grupo Calidra, S.A. de C.V. (the “Company”or “Calidra”), with more than a century of history, is a Mexican company, leader in the production of lime, ready mixes and carbonates in Latin America with operations in Mexico, Honduras, Chile, Argentina, Colombia and Peru.The transaction consists of three secured long-term financings, for up to US$50 million for its operations in Peru (US$18 million), Colombia (US$22 million) and Argentina (US$10 million). The loans will have a term of up to ten years and will be used for working capital and capital investment requirements, including the potential purchase of efficient kilns and the possible opening of a lime deposit in Colombia. This transaction should be reviewed together with Project Grupo Calidra (13677-01).Amendment: Subsequently, in 2023 and 2024 IDB Invest approved certain modifications to the financing granted in 2022, including among others, the increase of the loan amount by to reach a total of US$35 million. Grupo Calidra, S.A. de C.V. (the “Company”or “Calidra”), with more than a century of history, is a Mexican company, leader in the production of lime, ready mixes and carbonates in Latin America with operations in Mexico, Honduras, Chile, Argentina, Colombia and Peru.The transaction consists of three secured long-term financings, for up to US$50 million for its operations in Peru (US$18 million), Colombia (US$22 million) and Argentina (US$10 million). The loans will have a term of up to ten years and will be used for working capital and capital investment requirements, including the potential purchase of efficient kilns and the possible opening of a lime deposit in Colombia. This transaction should be reviewed together with Project Grupo Calidra (13677-01).Amendment: Subsequently, in 2023 and 2024 IDB Invest approved certain modifications to the financing granted in 2022, including among others, the increase of the loan amount by to reach a total of US$35 million.
Regiotram de Occidente Bogotá <p>Regiotram de Occidente Bogotá</p> <p>Regiotram de Occidente Bogotá</p>
Publicidad Sarmiento Project Description: Publicidad Sarmiento S.A. (PS) is an Argentine company with a track record of more than fifty years in the outdoor advertising market. The Publicidad Sarmiento project entails expanding PS's operations in Argentina and starting up and expanding the operations of its Chilean affiliate, Grupo Sarmiento S.A.(GSSA). In public bidding, GSSA has won concession contracts from the Ilustre Municipalidad de Santiago (the Santiago district) and the Ilustre Municipalidad de Vitacura (the Vitacura district) to provide urban fixtures for them. The project also entails investing in information systems and purchasing 47.9% of the shares of GSSA.IIC's role in the proposed transaction is important for the following reasons: By granting long-term financing on reasonable terms, the IIC will enable a Latin American corporation to compete internationally with non-Latin American companies that have access to long-term financing on terms that are more favorable than those that are available on the local market.By developing outdoor advertising venues and mainly the development of projects of urban fixtures, and especially by contracting through municipalities, municipal governments obtain new resources from hitherto nonexistent sources. This enables them to reduce their financial deficits and finance works for the community. Also, communities thus acquire urban fixtures that are not only attractive but also have functional value for their inhabitants. The project will also have a positive impact by creating jobs, both directly and indirectly. Project Description: Publicidad Sarmiento S.A. (PS) is an Argentine company with a track record of more than fifty years in the outdoor advertising market. The Publicidad Sarmiento project entails expanding PS's operations in Argentina and starting up and expanding the operations of its Chilean affiliate, Grupo Sarmiento S.A.(GSSA). In public bidding, GSSA has won concession contracts from the Ilustre Municipalidad de Santiago (the Santiago district) and the Ilustre Municipalidad de Vitacura (the Vitacura district) to provide urban fixtures for them. The project also entails investing in information systems and purchasing 47.9% of the shares of GSSA.IIC's role in the proposed transaction is important for the following reasons: By granting long-term financing on reasonable terms, the IIC will enable a Latin American corporation to compete internationally with non-Latin American companies that have access to long-term financing on terms that are more favorable than those that are available on the local market.By developing outdoor advertising venues and mainly the development of projects of urban fixtures, and especially by contracting through municipalities, municipal governments obtain new resources from hitherto nonexistent sources. This enables them to reduce their financial deficits and finance works for the community. Also, communities thus acquire urban fixtures that are not only attractive but also have functional value for their inhabitants. The project will also have a positive impact by creating jobs, both directly and indirectly.
Cukra Industrial, S.A. Cukra is a company that warehouses peanuts for processing, sale, and export. The company also provides support services and inputs to approximately 30 independent peanut producers. In exchange, these producers guarantee the delivery of peanuts that meet the company’s uniform quality standards, which meet the rigorous demands of the international market.While the company’s main export is high-quality shelled peanuts (maní oro), it also has roasting facilities where it produces small quantities of processed peanuts for direct consumption. Cukra is the country’s second largest peanut warehouser and exporter. Its main markets are Mexico, Canada, Europe, and Central America.The IIC loan of up to US$2.5 million would be used to finance the company’s working capital needs, namely advance payments to its producers for the processing and sale of peanuts for export. Cukra is a company that warehouses peanuts for processing, sale, and export. The company also provides support services and inputs to approximately 30 independent peanut producers. In exchange, these producers guarantee the delivery of peanuts that meet the company’s uniform quality standards, which meet the rigorous demands of the international market.While the company’s main export is high-quality shelled peanuts (maní oro), it also has roasting facilities where it produces small quantities of processed peanuts for direct consumption. Cukra is the country’s second largest peanut warehouser and exporter. Its main markets are Mexico, Canada, Europe, and Central America.The IIC loan of up to US$2.5 million would be used to finance the company’s working capital needs, namely advance payments to its producers for the processing and sale of peanuts for export.
Cultivos Marinos Internacionales <p>Cultivos Marinos Internacionales</p> <p>Cultivos Marinos Internacionales</p>
GMG Holding S.A. The proposed project consists of providing GMG Holding with up to US$10 million in financing with a term of up to 6 years, to refinance its financial liabilities. The financing will be in the form of a syndicated loan with Central American commercial banks. It seeks to provide GMG Holding with the financial flexibility needed to support its projected growth over the next few years, as it opens new stores in different countries.GMG Holding S.A. operates throughout Central America. It is a chain that sells wholesale and retail household electrical appliances and offers medium-term credit for retail sales. GMG Holding is the market leader in Costa Rica and Nicaragua and it has a significant share in the other markets in which it operates. The proposed project consists of providing GMG Holding with up to US$10 million in financing with a term of up to 6 years, to refinance its financial liabilities. The financing will be in the form of a syndicated loan with Central American commercial banks. It seeks to provide GMG Holding with the financial flexibility needed to support its projected growth over the next few years, as it opens new stores in different countries.GMG Holding S.A. operates throughout Central America. It is a chain that sells wholesale and retail household electrical appliances and offers medium-term credit for retail sales. GMG Holding is the market leader in Costa Rica and Nicaragua and it has a significant share in the other markets in which it operates.
Redstart Guyana The IDB Invest’s financing of up to US$45 million with a 12 year-tenor to Redstart Investment Guyana Inc. (Redstart Guyana) seeks to support the construction of a distribution center and a commercial complex in Guyana. Redstart Guyana, areal estate developer under common control (ultimate shareholders) as Grupo Unicomer, was incorporated in Guyana in 1991 and specializes in developing and operating various real estate assets, including offices, distribution centers, stores, and services center for the local branch of Unicomer Group and third-party clients.The expected development impacts of IDB Invest’s financing include: (i) foster growth and job creation; (ii) enhance efficiency; (iii) contribute to domestic supply chain growth; and (iv) increase MSMEs access to economic activity. The IDB Invest’s financing of up to US$45 million with a 12 year-tenor to Redstart Investment Guyana Inc. (Redstart Guyana) seeks to support the construction of a distribution center and a commercial complex in Guyana. Redstart Guyana, areal estate developer under common control (ultimate shareholders) as Grupo Unicomer, was incorporated in Guyana in 1991 and specializes in developing and operating various real estate assets, including offices, distribution centers, stores, and services center for the local branch of Unicomer Group and third-party clients.The expected development impacts of IDB Invest’s financing include: (i) foster growth and job creation; (ii) enhance efficiency; (iii) contribute to domestic supply chain growth; and (iv) increase MSMEs access to economic activity.
Banco Finandina Financing The Project consists of a financing in Colombian Pesos (“COP”) for an amount equivalent toUS$50million. The financing will have a tenor of five years and will be amortized on its maturity day (bullet). IDB Invest shall be entitled to share the amount of the financing with other investors. The funds will be used to support the growth of the green and social portfolio of Banco Finandina BIC S.A. (“Banco Finandina”, “Finandina” or the “Bank”). The Project consists of a financing in Colombian Pesos (“COP”) for an amount equivalent toUS$50million. The financing will have a tenor of five years and will be amortized on its maturity day (bullet). IDB Invest shall be entitled to share the amount of the financing with other investors. The funds will be used to support the growth of the green and social portfolio of Banco Finandina BIC S.A. (“Banco Finandina”, “Finandina” or the “Bank”).
Alta Growth Capital Fund III IDB Invest is considering an equity investment of up to US$10.8 million in Alta Growth Capital Fund III, L.P. (“Alta Growth Capital” or the “Fund”) in Mexico. IDB Invest’s participation will allow the Fund to achieve the scalability necessary to effectively execute its investment strategy and achieve its target size of US$250 million. IDB Invest’s participation will increase the availability of private capital for medium-sized enterprises in Mexico, which will help to increase the country’s competitiveness and economic growth. The Fund will invest up to 20% of its commitment in other Latin American countries. The Fund will mainly acquire minority stakes with defined exit strategies. The Fund Manager is Alta Growth Capital S.C., a local investment management company with broad experience and a successful track record in private capital investment in Mexico. The Fund’s investors include the Deutsche Investitions- und Entwicklungsgesellschaft (“DEG”, German development bank),  the International Finance Corporation (“IFC”), and Fondo de Fondos. IDB Invest is considering an equity investment of up to US$10.8 million in Alta Growth Capital Fund III, L.P. (“Alta Growth Capital” or the “Fund”) in Mexico. IDB Invest’s participation will allow the Fund to achieve the scalability necessary to effectively execute its investment strategy and achieve its target size of US$250 million. IDB Invest’s participation will increase the availability of private capital for medium-sized enterprises in Mexico, which will help to increase the country’s competitiveness and economic growth. The Fund will invest up to 20% of its commitment in other Latin American countries. The Fund will mainly acquire minority stakes with defined exit strategies. The Fund Manager is Alta Growth Capital S.C., a local investment management company with broad experience and a successful track record in private capital investment in Mexico. The Fund’s investors include the Deutsche Investitions- und Entwicklungsgesellschaft (“DEG”, German development bank),  the International Finance Corporation (“IFC”), and Fondo de Fondos.
FRISA - Supply Chain The transaction consists of an uncommitted revolving reverse factoring facility (the "Transaction") to be provided by IDB Invest to Frisa Industrias S.A. de C.V. and its subsidiaries incorporated in Mexico (“Frisa” or “the Company”). IDB Invest may, at its sole discretion: purchase and discount supplier credit rights payable by Frisa, previously confirmed by the latter, through an eligible electronic platform.Frisa is a Mexican company engaged in the design, forging, manufacturing, machining, and marketing of rolled rings for industrial uses, made from carbon, alloy, stainless, titanium, and superalloy steels for the following industries: aerospace, construction and mining, industrial machinery, oil and gas, wind energy, and power generation.Through the Transaction, IDB Invest seeks to facilitate financing at competitive prices to Frisa's Micro, Small and Medium-Sized Enterprises ("MSMEs") suppliers in Mexico, through the discount or monetization of their credit rights derived from the sale of goods and/or services to Frisa. The average maturity of the credit rights under the Transaction is expected to be 180 days. Reverse factoring solutions aim to facilitate access to affordable financing for suppliers, mostly MSMEs. The transaction consists of an uncommitted revolving reverse factoring facility (the "Transaction") to be provided by IDB Invest to Frisa Industrias S.A. de C.V. and its subsidiaries incorporated in Mexico (“Frisa” or “the Company”). IDB Invest may, at its sole discretion: purchase and discount supplier credit rights payable by Frisa, previously confirmed by the latter, through an eligible electronic platform.Frisa is a Mexican company engaged in the design, forging, manufacturing, machining, and marketing of rolled rings for industrial uses, made from carbon, alloy, stainless, titanium, and superalloy steels for the following industries: aerospace, construction and mining, industrial machinery, oil and gas, wind energy, and power generation.Through the Transaction, IDB Invest seeks to facilitate financing at competitive prices to Frisa's Micro, Small and Medium-Sized Enterprises ("MSMEs") suppliers in Mexico, through the discount or monetization of their credit rights derived from the sale of goods and/or services to Frisa. The average maturity of the credit rights under the Transaction is expected to be 180 days. Reverse factoring solutions aim to facilitate access to affordable financing for suppliers, mostly MSMEs.
Empresa Financiera Edyficar The loan to Financiera Edyficar S.A. will be used to provide short and medium-term financing for working capital or expansion projects to microenterprises in Peru. The loan to Financiera Edyficar S.A. will be used to provide short and medium-term financing for working capital or expansion projects to microenterprises in Peru.
Banpro DPR – Supporting middle-sized agroindustry producers in Nicaragua The objective of this transaction is to increase access to financing for small and medium sized agroindustry producers in Nicaragua. Banco de la Producción, S.A. (“Banpro”) will create its Diversified Payments Rights Program (the “DRP Program”) and make an issuance of up to US$150 million. IDB Invest will purchase up to US$40 million in debt instruments under the Program with a tenor of up to 5 years including one year of grace period with a potential extension of up to 2 years. It is expected that the IDB Group will purchase up to US$27 million, and that the China Co-Financing Banco de la Producción, S.A. Fund for Latin America and the Caribbean - a fund under IDB´s administration - will purchase up to US$13 million. Under the DPR Program, Banpro (the “Sponsor”) will sell all its rights over its existing and future Diversified Payment Rights (“DPR”) to a Cayman Island Vehicle, NIC FLOWS SPV, Ltd., (the “SPV”). The proceeds from the DPR Program will be channeled by the SPV to Banpro as a payment for the DPRs sold. IDB Invest has a track record working with Banpro. In 2018 IDB Invest approved a US$20 million senior credit line to support the Bank’s efforts to build a green portfolio (US$10 million disbursed as of January 2019). The engagement included technical assistance and a US$1.5 million guarantee facility to enhance collateral to make viable to offer green lines to smaller companies and agricultural producers. Finally, Banpro is part of IBD Invest TFFP program with an approved line of US$30 million. The objective of this transaction is to increase access to financing for small and medium sized agroindustry producers in Nicaragua. Banco de la Producción, S.A. (“Banpro”) will create its Diversified Payments Rights Program (the “DRP Program”) and make an issuance of up to US$150 million. IDB Invest will purchase up to US$40 million in debt instruments under the Program with a tenor of up to 5 years including one year of grace period with a potential extension of up to 2 years. It is expected that the IDB Group will purchase up to US$27 million, and that the China Co-Financing Banco de la Producción, S.A. Fund for Latin America and the Caribbean - a fund under IDB´s administration - will purchase up to US$13 million. Under the DPR Program, Banpro (the “Sponsor”) will sell all its rights over its existing and future Diversified Payment Rights (“DPR”) to a Cayman Island Vehicle, NIC FLOWS SPV, Ltd., (the “SPV”). The proceeds from the DPR Program will be channeled by the SPV to Banpro as a payment for the DPRs sold. IDB Invest has a track record working with Banpro. In 2018 IDB Invest approved a US$20 million senior credit line to support the Bank’s efforts to build a green portfolio (US$10 million disbursed as of January 2019). The engagement included technical assistance and a US$1.5 million guarantee facility to enhance collateral to make viable to offer green lines to smaller companies and agricultural producers. Finally, Banpro is part of IBD Invest TFFP program with an approved line of US$30 million.
Banco La Capitalizadora Hondureña S.A. (formerly Bancahsa) <p>Banco La Capitalizadora Hondureña S.A. (formerly Bancahsa)</p> <p>Banco La Capitalizadora Hondureña S.A. (formerly Bancahsa)</p>