devinitorg/iati-policy-markers huggingface dataset:
Friar S. A. Summary Of Project Information (SPI)       Project Name    Argentina - Friar S.A.      RegionLatin America and the Caribbean   Sector   Project No007812   Projected Board DateDecember 20, 1996   Company NameFriar S.A.   Technical Partner and/or Major Shareholders    	Since its establishment in 1960, Friar has been owned by a group of families, most of which are large cattle growers in Argentinas northeastern region. The Pietropaolos and Ingaramos are the two largest shareholders, with ownership of 22% and 15% respectively. The rest of the shareholding is distributed among over 10 other local families      Project Cost Including proposed IFC investment    	Total project cost is US$38.5 million of which US$19.5 million has been proposed for IFC financing (US$10 million A loan, US$7 million B loan and US$2.5 million C loan).    Location of project and Description of site    	The project will expand and modernize three of Friars three meat-processing plants in Santa Fe Province, Reconquista plant, Santa Fe plant and Carcaraña plant, as well as its distribution operations in the province.       Description of Company and Purpose of Project      	Friar S.A. is  the third largest beef exporter and a pork meat-processor in Argentina. Its industrial activities are vertically integrated, from slaughtering to the production of branded consumer meat products.  This project consists of an expansion and modernization of its facilities and distribution operations.  It will ultimately benefit local farmers as well as increase the quality of meat produced for Argentine consumers.  The project also supports the Argentine governments commitment to improving the hygenic standards of meat processing in the country.       Environmental Category and Issues    	This is a category B project according to IFC''s environmental review procedures. Environmental, health and safety issues associated with this project include air emissions, liquid effluent, waste disposal, use of refrigerants, fire prevention and emergency response, and employee health and safety. The project sponsor will provide information to demonstrate that the Project is being designed to meet the applicable World Bank guidelines. IFC will monitor Friar''s environmental, health and safety performance during the life of the project by evaluating monitoring reports submitted annually to IFC by Friar, and by conducting periodic site reviews during project supervision.    The  is  from the Public Information Center.        Date SPI sent to PIC     November 20, 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).
Adeco Agropecuaria Argentina IFC is providing a loan to Adeco Agropecuaria S.A. and Pilaga S.A. (both referred to as AdecoAgro ARG or the Company). These two entities are subsidiaries of the holding company AdecoAgro S.A.. The investment proceeds will be used for AdecoAgro ARGs farming operations in Argentina. AdecoAgro S.A. is a diversified agribusiness holding with operations in Argentina, Brazil and Uruguay and is listed on the New York Stock Exchange (NYSE). The AdecoAgro Group produces sugar, ethanol and electrical energy through biomass combustion in Brazil, grains (corn, soybeans, sorghum, wheat, barley, cotton and sunflower seeds), rice and dairy products in Argentina, Brazil and Uruguay. The company also focuses on enhancing the production capacity and value of its farmlands. -Project will support growth and operations of a competitive agricultural producer on a global scale, supporting food security; -Investment will make a significant contribution to local economic development and rural communities through job creation and linkages to small and medium-sized enterprises that supply services to the Companies; -As the sector is a key sector in terms of tax revenue and hard currency generation for Argentina, the Project will further support tax revenues, therefore sustaining critical public investments; and -Large-scale employment (more than 1,400 full-time employees to benefit).
Adecoagro Dairy IFC is providing a loan to Adeco Agropecuaria S.A., Pilaga S.A, and L3N S.A. (jointly referred to as Adeco or the Company). Adeco is currently investing in the expansion of its dairy production capacity as well as in further downstream dairy integration in Argentina. The company has requested IFC to extend an A/MCPP Loan of up to US$100 MM to finance: (i) the expansion of its milk production facilities (two new free-stalls in the Santa Fe Province); (ii) the acquisition of two milk processing facilities and brands from local cooperative SanCor, located in the cities of Morteros and Chivilcoy; and (iii) upgrade investments in the acquired facilities. The Project will help preserve and improve rural livelihoods. The investment will restore reliable off-take to the dairy farmers who were previously supplying the Chivilcoy and Morteros processing plants and grow its farmer reach further. 

The Project is estimated to create 250 direct jobs and approximately 3,500 indirect jobs through value chain linkages. 

The Project will also have positive environmental impacts through intensification of dairy production and climate smart elements of the investment program. 

The Project is expected to contribute to strengthening the competitiveness of Argentina's dairy sector by helping to shift the sector toward a more intensive and more sustainable production model.
Salutia Project Salutia is implementing a proprietary, multichannel, Internet-centric transaction platform, Health24TM, to efficiently and securely process transactions and exchange information among healthcare payers and providers, and eventually, also patients and suppliers. Salutia''s core clients are healthcare payers who determine the initial care eligibility and authorization, therefore experiencing the greatest cost savings from adopting Salutia''s technology platform.     E-health connectivity companies hold tremendous promise both globally and in Latin America. Through connectivity, administrative inefficiencies are reduced and clinical information is improved. The potential of Salutia therefore is not only to reduce healthcare administrative waste, but also to improve the quality of care by giving healthcare professionals more complete, accurate data at the point of care.     Given recent level of skepticism among investors in the area of healthcare information technology and e-health, IFC has an important catalytic role in the project. Also, IFC''s involvement lends additional credibility to Salutia, especially in its dealings with healthcare payers and policy-makers.
Grupo Galicia The proposed project involves a $25 million secured loan to Banco de Galicia y Buenos Aires (the Bank, Banco Galicia or BG), with a tenor of up to 7 years.  The funds would be utilized by the Bank to onlend to export-oriented SMEs and mid-size corporates in Argentina.  Banco Galicia, founded in 1905, is a universal bank providing a wide variety of banking products and services to medium- and small-sized companies, large corporations, and individuals.  BG is the largest private-sector commercial bank in Argentina by total assets and by private-sector loans, commanding 11% and 7% respectively of the market share as of September 30, 2004.  As of that date, BG had total assets of $7.6 billion, shareholders equity of $415 million and deposits of $2.1 billion on a consolidated basis.  The Bank currently serves a total of about 2.7 million customers.

In May 2004, BG successfully restructured debt totaling $1.5 billion to over 240 banks and other creditors.  The restructuring involved the active participation of IFC as Chair of the ad hoc steering committee of Galicias financial creditors.  The debt restructuring enhanced Tier I capital by $49 million and Tier II capital by $230 million, and extended debt maturities while reducing interest expenses.  

For the last two years, Argentina has steadily regained economic ground after having undergone a deep recession.  In tandem with this recovery, the banking sector is now faced with rapidly increasing credit demand stemming from the sharp growth rates in exports, the creation and expansion of SMEs, and industrial output.  Among private Argentine banks, Banco Galicia has particular expertise in funding SME, corporate and agribusiness borrowers.  As access to medium- and long-term borrowing is very scarce in Argentina, local companies would greatly benefit from longer tenors for much-needed capital expenditures and permanent working capital to support increased export activity.
Acindar Trade Facility Summary Of Project Information (SPI)       Project Name    Argentina-Acindar TF            Region    Latin America and Caribbean        Sector       Project No007571   Projected Board DateJuly 17, 1996   Company NameAcindar Industria Argentina de Aceros S.A.   Technical Partner and/or Major Shareholders    	The Acevedo family hold approximately 35% of the Companys common stock and are the largest group shareholder.  The rest of the Companys stock is publicly traded on the Buenos Aires Stock Exchange.    Project Cost Including proposed IFC investment    	A Loan of US$10 million, B Loan of US$70 million, and C Loan of US$15 million.  The total project cost is US$156 million.    Location of project and Description of site    	The principal steel making facilities of Acindar are at Villa Constitución in Santa Fé province.    Description of Company and Purpose of Project    	Acindar is the largest integrated producer of non-flat steel products in Argentina.  The aim of the investment is to help restructure some of the Companys debt as it faces a refinancing risk with a US$150 million bond issued in 1993.  Additional funding will also be provided to allow the final phase of Acindars modernization program to proceed.    Environmental Category and Issues    	The proposed finance package is classified as a category C project.  The modernization project that will also be facilitated by this investment has been previously reviewed and approved as a category B project by the environment division.  Environmental issues include air emissions, liquid effluents and solid wastes and safety issues include fire protection and emergency response, and employee exposure to chemical substances.       Date SPI sent to PIC     June 17, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
Telecom Argentina II Telecom Argentina S.A. (Telecom or the Company) is a leading mobile, cable TV, fixed & wireless broadband and telephony services provider in Argentina. The Company also operates mobile, fixed & wireless broadband businesses in Paraguay and provides cable TV services in Uruguay.  Telecom is listed in New York Stock Exchange (NYSE) and Buenos Aires Stock Exchange (BCBA) with a market capitalization of over US$7.0 billion (as of November 2018).   The project aims to support the Companys 2019 capex plan, including the continued rollout of its 4G mobile network and further expansion of its fixed broadband services. Project Outcomes - Availability: This Project will increase the availability of 4G services across Argentina. The increase on the sponsor's 4G Coverage by 28.5% by 2020 suggests a Strong impact if small cities are targeted. Uptake: The Project has the potential to increase the mobile broadband penetration especially in remote/rural areas. More analysis will be conducted to measure the extent of the potential 4G uptake associated with this project. Quality, robustness and capacity: The Project expects to install roughly 4,000 sites providing 4G connectivity across the country by 2022, which represents an increase of 25% (More analysis on the location of these towers will be required). 

Contribution to Market Creation: Competitiveness - The project can have an impact on competitiveness by introducing the latest technology (4G services) in areas previously unserved/underserved, which others will have to match to remain competitive. Integration - This Project has the potential to increase the online interactions between people, businesses, governments, machines, and processes - More analysis will be required to understand to what extent the size of the digital economy in Argentina will increase as a result of this project.
FV Argentina III Founded in 1921, FV S.A. (FV or the Company) is a second-tier family-owned and managed company and Argentina's leading producer of brass and metal fixtures for baths and kitchens. 

FV is well known to IFC, in 1998 IFC approved a $16 million financial package to FV, in 1999 IFC committed a $9 million financing package to FV Ecuacobre, and more recently in 2008, IFC committed another project with FV for up to $20.0 million.

FV will embark in an investment program of about $20 million for the next two to three years, that would mainly comprise: (i) permanent working capital to maintain a well supplied wide portfolio of products to attend an exigent demand on a timely basis; (ii) improve operational efficiencies, including savings on a better use of energy resources; and (iii) completion of the environmental upgrades suggested by the IFCs action plan. - Expansion of Argentine Export Base: FV's ability to continue developing its export base is dependent on the required permanent working capital needs to sustain an adequate and diversified level of stock to supply different markets abroad. The wide portfolio of products require FV to allocate larger amount of resources in order to better attend each market it supplies and enhance its competitive position abroad.

- Creation of Consumer Surplus: FV's cost optimization and energy efficiency improvements is expected to eventually translate into more competitive prices to end users, primarily within the construction sector. More competitive prices for building materials will benefit the housing sector.
AGD Project Aceitera General Deheza S.A. (AGD or the Company) is one of the major agribusiness groups in Argentina.  AGD core business is the origination and processing of oilseeds and the export of edible oils and meals.  The company is the largest exporter of peanuts in Argentina and operates agricultural land.  As part of its diversification strategy, the company also produces higher value added consumer products such as refined and bottled vegetable oil, confectionary peanuts, peanut butter, mayonnaise, and soybean milk.  The project entails providing a loan to AGD to finance its capital expenditures program and related working capital. The proposed investment supports the further expansion and diversification of a competitive domestic player, making a contribution to local economic development, through   - job creation, as the company expands in Argentina  - linkages with local farmers and intermediaries in rural areas, who provide inputs to the company  - incremental taxes for the government.   AGD provides farmers with technical assistance, sending agronomists to the producers farms, several of them located in the poorer northern part of the country. The project includes the construction of storage facilities to expand its sourcing in marginal rural areas located in frontier provinces, which will benefit farmers located in areas with poor infrastructure. In addition, through its controlled Agroaval SGR (Reciprocal Guarantee Corporation) and structured financial products, AGD facilitates its network of producers access to credit at improved conditions and reduced financial cost.   AGD has a strong corporate social responsibility culture, supporting a variety of social programs in General Deheza, a city of about 10,000 inhabitants and the site of its main plant.
Moni Project The proposed project consists in an up to US$3 million equity investment in the Series B Equity Funding Round in Moni (the Company), a mobile wallet and financial services provider in Argentina to expand their operations that help to extend financial services to underbanked and increases efficiency in the countrys financial services market. Moni offers underbanked consumers the ability to get access to credit at rates lower than otherwise available to them.  By scoring and offering shorter term and subsequently longer term loans, and reporting back to public credit agencies, they gain the ability to borrow at lower rates from Moni and from other more traditional lenders, and ultimately open the door to full banking penetration.   This alternative finance, along with additional financial services (payments, transfers), promotes low cost financial services through innovative delivery channels, saving people time and money and costs.
The Argentine Mortgage Company Summary Of Project Information (SPI)       Project Name    Argentina - Argentina SMMC       RegionLatin America and Caribbean   Sector   Project No009781   Projected Board DateOctober 21, 1999   Company NameSecondary Mortgage Market Company (SMMC) and Banco Hipotecario, S.A. (BH)   Technical Partner and/or Major Shareholders    	The principal sponsor of the project is Banco Hipotecario (BH). On June 30, 1999 BH had total assets of US$5.0 billion. With a singular focus on mortgage lending, BH holds 40% of outstanding Argentine mortgage debt through its portfolio of US$3.6 billion, and controls 30% of new originations in the country. BH is strongly capitalized, has no deposit base and only 24 branches. BH was privatized in January 1999 and is now controlled by an entrepreneurial investor group that is keen to build on the bank''s strengths and its growing reputation for innovative mortgage backed securities.      Project Cost Including proposed IFC investment    	The total project cost is estimated at US$1.55 billion. IFC''s investment will consist of (i) an equity investment of up to US$50 million for up to 20% of the equity capital of the new SMMC (with a put back to the sponsors); (ii) a credit enhancement commitment of up to US$100 million to support a US$1 billion IFC-led funding program for the SMMC''s first two years of operations and (iii) an IFC guarantee or loan of up to US$50 million to support a US$300 million financing package for BH.     Location of project and Description of site    	SMMC will be headquartered in Buenos Aires.     Description of Company and Purpose of Project    	The purpose of the project is to develop the Secondary Mortgage Market Company (SMMC). The SMMC will be a wholesale, second tier company, specializing in asset backed securitization for the mortgage and banking sectors, and for institutional investors. In addition to boosting the development of the local capital markets, the creation of the SMMC would improve credit quality and liquidity of mortgage assets. The SMMC would also offer important tools for bank liquidity and asset-liability management, which are critical for Argentina''s banking sector.     Environmental Category and Issues    	Based on the available information, this is a category C project according to IFC''s environmental and social review procedure. No further environmental review is therefore required.         Date SPI sent to InfoShop     September 21, 1999      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
Banco de Galicia y Buenos Aires S.A. Summary Of Project Information (SPI)       Project Name    Argentina: Galicia CL              Region    Latin America and the Caribbean        Sector          Project No    009381        Projected Board Date    December 20, 1998      Company NameBanco de Galicia y Buenos Aires S.A.   Technical Partner and/or Major Shareholders    	Banco de Galicia ("Galicia") is one of the largest privately-owned banks in Argentina in terms of assets, liabilities and branch network size.  At June 30, 1998  Galicia had total assets of US$13 billion, total deposits over US$7 billion, and equity of US$1.1 billion.  During the 1998 fiscal year,  Galicia recorded a net income of US$114 million.  Galicias principal shareholders are the Escasany, Ayerza and Braun families who together own 51.8% of the bank and have management control.  About 31% of the shares are listed as ADRs on the New York stock exchange.    Project Cost Including proposed IFC investment    	Up to US$100 million, of which up to US$50 million would be for IFC''s own account.    Location of project and Description of site    	Argentina.    Description of Company and Purpose of Project    	The project consists of a syndicated credit line of up to US$100 million (IFC A Loan of up to US$50 million and IFC B Loan of up to US$50 million) for onlending to middle-market companies.    Environmental Category and Issues    	This is a Financial Intermediary (FI) Tier 2 project according to IFCs environmental review procedure.  Galicia will be required to undertake an environmental review of each subproject and use best efforts to ensure that subprojects comply with Argentine environmental, health and safety legislation, IFC environmental and social safeguard policies, and, if applicable, World Bank Group environmental, health and safety guidelines.   IFC will assess Galicias capability to carry out environmental reviews.  Galicia must obtain IFC clearance prior to making any investment with IFC funds in any Category A project.       Date SPI sent to InfoShop     November 20, 1998      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