devinitorg/iati-policy-markers huggingface dataset:
Tinka Project Tinka Resources Corp. (Tinka or the Company) is a junior mineral exploration company registered in British Columbia, Canada and listed on the Toronto Stock Exchange (Symbol: TK)  The Company is focused on the exploration and development of its wholly-owned Ayawilca-Colquipucro project, (the Project) located in the department of Pasco in the central Andes of Peru.  The Project is located in a prolific mining district where producing mines like Cerro de Pasco (Volcan Cia Minera), Antamina (BHP-Glencore-Teck) and Colquijirca (El Brocal) have been operating for decades.  The Project is comprised of two deposits: Ayawilca (zinc) and Colquipucro (silver), developed under the same mineral concession.  These deposits are located two kilometers apart at an elevation ranging from 3,300 to 4,600 meters above sea level.  In addition, Tinka owns other mineral concessions in Peru, notably Rurimarac, a project which has been optioned to Mariana Resources.  IFCs investment will support the drilling program in the Ayawilca-Colquipucro project and also be used for geological and initial engineering studies in preparation for a Preliminary Economic Assessment (PEA). IFC''s investment will be used to fund the completion of a drilling program and initial studies in the Ayawilca-Colquipucro projects towards the completion of a Preliminary Economic Assessment. Generally, projects at pre-development stage have limited development impact.  Yet even at such stage, Tinka has brought tangible benefits for the surrounding communities by providing direct employment for the local population, as well as investing in social development programs in favor of the communities living in the Department of Pasco, a poor rural area in the highland Andes in Peru.  Should exploration lead to mine development and production, the developmental impacts will be notable.  Key expected benefits during mine construction and operation will include revenues to the national government through royalties and taxes, foreign currency from export revenues, significant direct and indirect employment, and enhanced social development programs.
Antares Minerals The project is the continued pre-feasibility study of the Haquira exploration stage copper prospect located in the Apurimac department in southern Peru, 75 km to the southwest of the city of Cusco. The current project activities include pre-feasibility study stage exploration drilling, environmental and social studies, and technical and economic assessments. The Project is located in a remote region in the rural area of the Andes highlands with very limited employment opportunities other than sheep grazing.  During the exploration phase, in addition to generating direct employment, the Company is implementing a program to improve local livelihoods through training and provision of materials for fish farming, greenhouse cultivation of vegetables, farming of fodder, sowing and occupational training.  
The Project is expected to have limited development impacts during exploration phase, but potentially significant economic development impacts during construction and production phases, including tax revenues/foreign exchange contribution to the national economy, contribution to the local government budgets, as well as potential development of transportation and energy infrastructure that will improve possibilities for other economic activities.
Confianza II The proposed transaction aims to support Financiera Confianza (Confianza), a microfinance provider in Peru, through a senior loan that would facilitate resources for the Companys microfinance portfolio expansion in Peru.   The Project aims to: (i) provide funding for Confianzas microfinance lending activity; (ii) diversify the Companys funding sources through long term funding in local currency; and (iii) enable the Company to comply with higher regulatory liquidity levels that will be effective from January, 2014. IFC''s long-term financing is expected to bring high development impact by enhancing Confianza''s capacity to support productive micro enterprises, resulting in higher growth, employment generation and poverty reduction in Peru.
Drokasa PCG Corporación Drokasa S.A. (the Corporación or the company) is a leading Peruvian agricultural and industrial conglomerate with three core activities:    -  the manufacture, marketing and sales of pharmaceutical products;  -  the production and export of asparagus and table grapes;  -  and the importation and distribution of chemicals, agrochemical, liquors and health and beauty products.   The purpose of the project is to finance maintenance capital expenditure as well as to refinance Corporación and its subsidiariess outstanding short-term and long-term debt.  The project will be funded through two components:  -  the issuance of a $25 million equivalent bond and a $5.0 million commercial paper program; and  -  Corporacións internal cash generation.    The existing debt is the result of a restructuring underwent in 2000 and currently imposes high interest rates and administration costs as well as covenants that inhibit long-term growth.
BIF Equity Project The proposed project consists of an equity investment of up to US$50 million to Banco Interamericano de Finanzas (BanBif or the Bank).  The Project is expected to support BanBif accelerate the growth of its loan portfolio; while at the same time strengthen its capital base. The development impact of IFC''s equity injection in BanBif is expected to be high given that:   - It will support SMEs and employment generation, thus, helping address the inequality that exists within the different segments of society.  - It will support Company''s adaptation to the Basel III capital standards, thus, helping also to strengthen the soundness of Peru''s financial system. - It would help to increase the financial choices for companies and individuals, by supporting a Tier II bank in a very concentrated banking sector, with the top 4 banks representing over 80% of the banking sector''s loan portfolio.
Interbank Project Summary Of Project Information (SPI)       Project Name    Peru-Banco Internacional del Peru              Region    Latin America and the Caribbean        Sector       Project No008120   Projected Board DateJune 16, 1997   Company NameBanco Internacional del Peru   Technical Partner and/or Major Shareholders    	ING Bank as fronting bank for the Letter of Credit and Dresdner Bank as co-arranger of the Letter of Credit Syndication.    Project Cost Including proposed IFC investment    	US$120 million    Location of project and Description of site    	Lima, Peru    Description of Company and Purpose of Project    	The project involves the structuring of an up to US$120 million facility in the form of an IFC A and B Loan for Interbank, the fourth largest Peruvian bank with US$1.3 billion in assets.  The US$20 million IFC A Loan would have a term of eight years with a three year grace period.  It would be used to provide term financing to private sector middle-market Peruvian companies, for projects involving consolidation, modernization, expansion, and export-related growth.  The B Loan would be for the account of participants and would comprise the proceeds of a three-year structured US Commercial Paper program which is expected to be of up to US$100 million.  It would be used to provide medium-term financing and develop Interbanks local debt underwriting for private sector companies in Peru.    Environmental Category and Issues    	This is an environmental review category FI project.  Interbank will be required to undertake an environmental review of each subproject.  IFC will assess Interbanks capability to carry out environmental reviews.       Date SPI sent to PIC     May 14, 1997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384
BIF Tier II The project consists of an IFC investment of up to $18 million in the form of a subordinated loan to Banco Interamericano de Finanzas (BIF or the Bank).  The Subordinated Loan from IFC will be used as Tier II capital for the Bank and have a maturity of up to 10 years.  The proposed investment is intended to strengthen the Banks capital base and support its growth by providing the necessary funding to promote its lending activities. 

BIF was established in 1991 and is currently ranked sixth in Perus financial system in terms of the credit portfolio with 3.98% market share, and fifth in terms of deposits with 3.29% market share.  BIF offers a wide range of banking services to commercial, corporate and retail customers.  BIFs shareholders are Landy S.A. (50.05%) and Britton S.A. (49.95%), both industrial companies that form part of Grupo Fierro. The proposed investment would:

- Provide adequate long-term financing to strengthen BIFs capitalization for its continued growth; 
- Support the growth of BIF and its efforts to diversify products and services offered in a market that is highly concentrated, thus providing alternative financing sources to individuals;
- Assist in expanding the available offering of financial products and services to the commercial sector, more importantly those that are trade and export related; 
- Help develop and strengthen an additional market player (though smaller) in the retail banking sector, especially for mortgages; and
- Increase banking penetration rates within Peru.
DCM Protecta The proposed transaction (the Project) consists of a 10-year subordinated debt of up to US$25 million to Protecta S.A. Compañía de Seguros (Protecta or the Company), a leading life insurance company in Peru. Increased access to insurance: The Project is expected to enable the Company to increase access by individuals to insurance services and savings products in Peru. The financing will also help the Company increase efficiency and change their product mix focusing on products that are targeted at the lower income segments. The expansion will allow Protecta to reach a larger portion of the population in Peru, improving insurance penetration metrics in the country.         Competitiveness: IFC anticipates that the Project will increase market competitiveness by driving innovation and replication by insurance companies beyond the Company in Peru to reach and increase the number of new policyholders
Mibanco III The proposed project involves a $29 million loan to Banco de la Microempresa S.A (Mibanco), Perus largest specialized microfinance institution.  Mibanco offers its 165,000 clients, a majority of which live below the poverty line, a range of financial services, including working capital loans, credit cards, consumer loans, savings accounts, term deposits and checking accounts.  Mibanco employs over 1,800 staff, and has a branch network consisting of 65 offices located in Lima and seven other regions of the country.  Mibancos average loan balance is approximately $1,300 equivalent, and over half of these loans are to women.      The project is expected to:    -  diversify Mibancos funding base;    -  provide it with longer term financing;    -  expand its loan portfolio; and    -  offer longer maturities to its microenterprise clients.
USMP Bond Issue Universidad San Martín de Porres (USMP) is the largest private university in Peru, providing education to more than 27,000 students, mostly from the lower-middle income segment of the student market.  USMP is issuing a $30 million bond of up to 7-year maturity.  The proceeds will be used to partially finance USMPs $34 million modernization program, consisting of:

- expansion of the Communication Sciences campus;
- construction and equipment of a new building for the Universitys dentistry school;
- upgrade of the existing facilities of the University clinic; and
- restructuring of an existing syndicated loan.
Ranching Dendrobates The proposed project will establish a business that will sustainably breed, harvest and export Poison Dart Frogs (PDF''s) that live in the rainforests of Peru. These frogs, which are spectacularly colored and display an interesting behavior, fetch a high price in the international pet trade. The U.S.A, Europe and Japan have steadily growing PDF markets.    The production method only functions in standing forests. It was invented after meticulous study of the frogs breeding cycle.  The female glues her eggs onto a leaf, above the ground in a tree. When the tadpoles hatch, the male puts them on his back and carries them to water, typically in the crook of a leaf.  The female then raises her young by feeding them unfertilized eggs.    Research has shown that the limiting factor of the population is the number of suitable breeding sites. The production method consists of placing artificial breeding sites in the frogs natural habitat. These greatly enhance breeding success, thereby allowing the "surplus" of PDFs to be harvested from the bottles, put in grow-out cages on the forest floor, and then exported as juvenile frogs.    Although the economics of the business appear to be strong, its novel and unprecedented nature makes it difficult to obtain standard commercial finance.  Although this proposal recently won the World Bank''s    Innovation in the Marketplace    competition, additional funding is needed to fully capitalize the business and carry out essential preparatory activities (e.g., training of customs officials).  Therefore, IFC has submitted a proposal to the GEF it order to help catalyze this exciting new venture.  In doing so, IFC will make an important contribution to global efforts to find viable ways to monetize the economic value inherent in biodiversity in a manner that encourages conservation of biodiversity resources.  The frog export business  with expected annual revenues of about $300,000     in Year 3  will provide supplemental livelihoods to more than 250 campesinos and give them an incentive to preserve over 15,000 hectares of tropical forest.
Mibanco - PEN Syndication Mibanco was incorporated in 1998 as a private commercial bank specialized in microfinance. The Bank was a spin-off of the microfinance operations of Grupo ACP Inversiones y Desarrollo (Grupo ACP), which is the Banks main shareholder (60% ownership).  The proposed project will support Mibancos expected portfolio growth through a syndicated transaction in local and foreign currency. In addition, Mibanco will maintain a presence in the international loan market and initiate relationships with new international investors. The development impact of the Project is expected to be high, as it will enhance the Bank''s ability to support productive micro, small and medium enterprises which will in turn stimulate growth, employment generation and poverty reduction. In addition, Mibanco will be able to increase its outreach and sustainability incorporating thousands of new entrepreneurs to the formal financial sector. The Project will help develop the B loan market in local currency in Peru and reopen the syndication market for MFIs in Latin America, following the financial crisis.
Sedapal Project The Project consists in the construction of the Huachipa water intake (Rimac River) and treatment plant (north network and complementary works) in the District of Lurigancho-Chosica towards the eastern boundary of the Lima province.  Thirty percent of construction has been completed to date and the rest is expected to be finalized by December 2010.  The Huachipa Consortium led by the Brazilian firm Construcoes e Comercio Camargo Correa is implementing the project, and the Nippon Koei Cesel Consortium is the supervision engineer. Improved water and sanitation services for 2.4 million people, most of them low income in underserved areas with little to no water service.
Increased potable water supply to the growing metropolitan area of Lima. The supply of drinking water in Lima and Callao will increase by 25% from 20.5 m3/sec. to 25.5 m3/sec. ensuring improved water service in the poor areas where potable water is currently available only for part of the day. 
Reduction of infant mortality in the area benefitted by the project.
Cheves Hydro Empresa de Generación Eléctrica Cheves S.A. (Cheves or the Company) is developing a run-of-river 168 MW hydroelectric power generation plant, along the Churin and Checras rivers, approximately 245 km north of Lima, Peru (the Project).  The Project is expected to generate 838 GWh annually on average, yielding a plant utilization factor of around 57%.  The Project comprises the construction of a total of 18 km in tunnels (including a water conveyance system), an underground power house, and a 77 km transmission line to connect the project to the National Interconnected System. 

The Project has been in development for over 10 years and Cheves has now secured all necessary key permits for its development, including a Definitive Concession (required for electric power generation activity), and performed the required Environmental & Social Assessments (ESIAs) in accordance with local regulation. The Company has also secured 8 Power Purchase Agreements (PPAs) with electricity distribution companies for a period of 15 years starting in 2014. The Project's success is critical in supporting the Government of Peru's efforts to refocus on developing Peru's hydro potential to sustain continuous economic growth through a properly diversified energy mix and address the climate change agenda.  Furthermore, the Project is expected to have other key economic and developmental impacts by: (i) decreasing carbon emissions through the displacement of thermal power generation; (ii) increasing employment, mainly during the construction phase; (iii) contributing royalties and tax payments that will directly benefit the regional and local governments around the project; and (iv) serving as a benchmark in terms of implementation of E&S standards for other hydroelectric developments in the region.
EDYFICAR PCG EDPYME EDYFICAR (Edyficar or the company) is a microfinance institution that provides credit services to the low-income segment in Peru.   Edyficar was established as a private limited company in 1997, and started its operations in 1998, after obtaining a limited banking license from the Peruvian Superintendent of banks and insurance companies. As of December 2006, Edyficar had a staff of 617 people and 36 branch offices, 23 of which were outside Lima.  Edyficar is the second largest Peruvian micro-finance institution in terms of number of clients, serving more than 89,000 customers, and the eighth largest in terms of portfolio size.   The proposed project involves assisting Edyficar accessing the Peruvian capital market to help it fund its expected growth and diversify its funding sources.  The investment fits well IFC strategy with regards to the financial sector, by supporting a microfinance institution which focused on an underserved market. The development impact of IFCs financing to Edyficar is expected to be high, as it is expected to support productive microenterprises and promote employment generation. Given Edyficars average loan size of less than $900, and its 7 month duration, IFCs PCG is expected to enable Edyficar to provide more than 100,000 loans during the life of the project. The beneficiaries of these loans will be low-income microentrepreneurs.  The facility will also help develop the local capital markets for non-banking MFIs with credit ratings below AA.
Lima Airport Partners S.R.L. Lima Airport Partners S.R.L. (LAP or the company) owns a build-operate-transfer concession to operate the Jorge Chavez International Airport (JCIA) in Lima, Peru. JCIA is the only commercial airport serving Lima and is Perus primary international airport, serving the vast majority of Perus international passengers.  It is also the principal hub for domestic routes in Peru.  In 2004, JCIA handled 5.1 million passengers and accounted for an estimated 64% of total air passenger traffic in Peru.  The project is to help LAP streamline its shareholding structure, refinance existing debt, and finance its 2006-2008 capital investment plan. The project supports Perus efforts to improve the quality and efficiency of infrastructure services. As Perus primary airport for international and domestic travel, JCIA is an integral part of the countrys economic and tourist infrastructure.  IFCs investment will help ensure that LAP make necessary investments in the airport.  This would improve aviation services in Peru and help JCIA develop its potential as a regional hub for passengers traveling in South America and significantly benefit the Peruvian economy and tourism industry.  Fraports management will bring airport operation and management know-how and result in an upgrading of skills of the local workforce.  Finally, the Projects success will encourage foreign investments and further private sector participation in other airports and infrastructure sectors such as roads and ports.
Peruvian Home Mortgage Corporation The project involves a comprehensive financing package from the IFC to support the creation of Perus first secondary mortgage market company, Titulizadora Peruana S.A (TP or the company). Titulizadora Peruana would be an independent, multi-function company with the main business objective of acquiring and securitizing high-quality residential mortgage loans. These would be sourced, initially, from the major mortgage originators in the Peruvian financial system. The project is expected to have a positive impact on the mortgage market, banking industry, capital markets, housing sectors, and the economy in general. This project would:  - Create and establish best international practices and technology regarding mortgage lending and a secondary mortgage market for Peru, - Further develop the Peruvian capital markets by making MBS and TPs debt available for institutional investors, - Support the strengthening of the primary mortgage market in Peru by improving the efficiency of loan origination and standardization of loan files, loan file documents, mortgage loan quality, and new products, - Improve the affordability of housing by lowering the cost of mortgage loans, making longer term funding available, improved pricing and through enhancing the liquidity of mortgage assets, and - Strengthen the banking sector by making available the liquidity facility, adding mechanisms to improve their maturity profiles, term and interest rate risks.
GEF Inka Terra Although ITA is a relatively new organization, it contains highly capable and dedicated staff who have been working on biodiversity conservation in Peru for many years.  The staff members have undertaken various conservation projects in conjunction with the Missouri Botanical Garden.  These have included, for example, an orchid conservation initiative and a reforestation project for cock of the rock habitat. ITA staff members have also implemented a conservation project for the spectacled bear and collaborated on a biological research endeavor with the University of Kansas.      This project aims to achieve long-term conservation of the 10,000 hectare Inka Terra Ecological Reserve and its many species of flora & fauna.  The specific objectives include the following:     -1  To develop a Forest Conservation and Management Plan that properly zones the reserve based upon a solid understanding of its ecology;    -2  To develop partnerships with the four local communities so they can improve their quality of life while helping to preserve the forests;    -3  To promote increased support for forest conservation and sustainable development through training programs; and    -4  To generate long-term funding for conservation through development of new ecotourism attractions.