devinitorg/iati-policy-markers huggingface dataset:
Zachodni WBK The proposed project supports BZ WBK Leasing S.A. (BZ WBK Leasing) and/or BZ WBK Lease S.A. (BZ WBK Lease) (collectively, the Companies) with a senior loan which will be earmarked for women entrepreneurs and for MSMEs in less developed regions in Poland (the Project). The Project aims to increase financial inclusion through the provision of long term funding to women entrepreneurs and to MSMEs in less developed regions of Poland. By working with reputable leasing companies with a wide outreach throughout the country, this will help reduce disparities between Poland's regions.
Resource Partners III The proposed project consists of an IFC equity commitment of up to EUR 15 million in Resource Eastern European Equity Partners III SCA SICAV-RAIF (REEEP III or Resource III the the Fund) a closed-end private equity fund targeting EUR 200 million.  The Fund is targeting control investments or significant minority investments in small to mid-cap enterprises active in the consumer value chain in Poland and other CEE countries, predominantly in Romania Project level outcomes are delivered through increasing access to equity and value creation for mid-cap companies in Poland and other countries in the CEE region, primarily Romania. Resource Partners is an experienced fund manager and will support value creation in its investee companies by improving operational efficiency improvements, leadership development, and international expansion. 
Market creation is delivered by strengthening the resilience of the PE market in Poland and Romania. The project supports an experienced fund manager to raise a follow-on fund in the small to mid-cap market segment Beyond the Project, IFCs support to Resource Partners along with other Development Finance Institutions (DFIs) will help sustain investment activity during the current crisis and preserve market capacity supporting faster recovery, demonstrating resilience to shocks and encouraging commercial investors to return to the market.
Innova VII Project The proposed project consists of an IFC equity commitment of up to EUR 40 million in Innova/7 SCA SICAV-RAIF (Innova 7 or the Fund) a closed-end private equity fund domiciled in Luxembourg with a target size of EUR 350 million. The Fund is targeting mid-market growth / buyout investments in Poland and Central and Eastern Europe (CEE). Project Outcomes:
- Increased access to private equity capital and value creation for mid-market companies in Poland and the CEE region.
Contribution to Market Creation:
- Strengthen the competitiveness of the private equity market in Poland and the CEE region
Fundusz Mikro sp / MWBank The project comprises of an IFC equity investment of up to $7.0 million equivalent for shareholding of approximately 19% in the share capital of MWBank (the Bank); and an IFC sub-loan of up to $2.0 million to the Bank.   MWBank, a new bank that will provide micro and small entrepreneurs with access to credit and other banking services is being established by Fundusz Mikro Sp. z o.o. (FM) a specialized for-profit microfinance institution based in Warsaw, Poland.  The new deposit raising licensed and regulated commercial microfinance bank will be capitalized with an equity capital of PLN equivalent amount of up to $35.0 million. The development impact of this project is expected to be high and far reaching in terms of its economic support for productive micro and small enterprises, stimulus for employment generation and widening of the financial sector.  The project is going to support the establishment of a commercially oriented sustainable entity that will serve micro and small businesses that otherwise lack access to the banking services.
Project Emerald The proposed project is an equity investment of up to US$35 million in VeloBank S.A. (VeloBank or Bank) for an ownership stake of up to 9.9 percent. VeloBank is the bridge bank resulting from the resolution of Getin Noble Bank S.A. (GNB) in September 2022 and currently stands as the 9th largest bank in the country. An affiliate of Cerberus Capital Management L.P. (Cerberus) has signed an agreement with the Bank Guarantee Fund (BFG), Polands Resolution Authority, to purchase 100 percent of the shares of VeloBank and to recapitalize the Bank to meet regulatory requirements. The transaction's completion, subject to obtaining the necessary approvals, is expected to occur in mid-2024. IFC would participate in the equity transaction alongside Cerberus. Project-level Outcome: Stakeholders effects  Increase access to green finance: The Project will provide equity to VeloBank to support its strategic growth ambition and is expected to increase access to climate finance in Poland by specifically strengthening VeloBanks new climate finance projects including renewable energy, energy, and water efficiency, and clean transportation projects, therefore contributing towards shifting Polands energy generation mix.

Market-level Outcome: Resilience: As part of a programmatic approach in Poland, the Project will promote the resilience of the banking sector in the country. The goal is to create a more resilient and stable financial sector, especially after two successive negative shocks  the COVID-19 pandemic and Russia's invasion of Ukraine  which have exposed its inherent structural vulnerabilities. IFCs investment will inject equity into VeloBank strengthening its capital position and enabling it to expand its green lending activities and encouraging other players in the market to follow suit. This Project is a critical part of the programmatic solution to bolster the resilience of the banking sector in Poland.

Market-level Outcome: Competitiveness: IFC anticipates that the Project will also deepen the competitiveness of the climate finance market in Poland through innovation, demonstration and replication channels.
RLPL SL Project The proposed project supports Raiffeisen-Leasing Polska S.A. (RLPL or the Company) with a senior loan which will be entirely earmarked for MSMEs in less developed regions in Poland (the Project). The Project aims to increase financial inclusion through the provision of long term funding in the form of leasing products to MSMEs in rural areas of Poland. By working with a reputable leasing company with wide outreach throughout the country, this will help reduce disparities between Poland''s regions.
Avallon MBO III The proposed project consists of an IFC equity commitment of up to 15 million in Avallon MBO Fund III SCA SICAV-RAIF (Avallon III or the Fund), a closed-end fund domiciled in Luxembourg with a target size of 130 million. The Fund will pursue buy-out and buy & build transactions in small and medium enterprises (SMEs) primarily in Poland and opportunistically in Central and Eastern Europe (CEE). Project Outcomes:
-Increase in access to private equity capital in Poland
-Value creation for small-cap companies in Poland

Contribution to Market Creation:
-IFC's investment is anticipated to provide a signal to other potential funds as to the long-term viability of small to mid-cap segment and attract other fund managers to raise new small to mid-cap funds.
V4C II Project The proposed project consists of an IFC equity commitment of up to EUR 15 million (US$ 16.3 million equivalent) to V4C Poland Plus Fund II (V4C II or the Fund) a closed-end private equity fund targeting investments in Poland, Romania and other European Union member countries in Central and Eastern Europe (CEE). The fund will be domiciled in Luxembourg with a target size of EUR 100 million (US$ 108 million equivalent). The Fund is expected to increase access to private equity capital and value creation for companies in Poland and the CEE region, primarily Romania. While companies in Poland and Romania benefit from relatively more developed financial institutions compared to other EMs and developing access to the EU capital markets, the availability of equity has declined. Within this context, V4C will support value creation in its portfolio through management improvement, expansion strategies, optimizing operations, and assisting companies in executing merger and acquisition transactions that generate synergies and scale.

Beyond the project, IFC will support the PE market to remain functioning and provide capital to growth stage companies after thea sharp fall in investment following Russias invasion of Ukraine. Commercial investors are withdrawing, limiting the ability of PE funds to operate without DFI support. IFCs investment with V4C II will support one of the emerging small to mid-market fund managers to sustain activity and sends a signal to other funds seeking to raise in the region. This signal builds on IFCs recent support to other funds in the region and will help to sustain activity induring the current environment, support market recovery by preserving critical market capacity, and encourage commercial investors to return to the market.
21 CONCORDIA LP The proposed project is an IFC equity investment of up to EUR 15 million in 21 Concordia L.P. (the Fund), a Jersey domiciled private equity fund with a focus on mid-market investments in Poland and CEE. The Fund is targeting EUR 100 million in total commitments and expects to make 8-10 investments with average investment tickets of EUR 10 million with an expected gross IRR of 25%. The Fund will be sector agnostic. 21 Concordia L.P. is a first-time fund. - Job Creation: IFC's experience has shown that small to midcap companies can achieve higher job creation rates than large cap companies. The Fund's midcap growth strategy is in full alignment with IFC's development impact goals.
- Access to Finance: Long-term equity/risk capital is limited in Poland. SMEs/Midcaps usually access short term bank loans in the absence of equity investors. IFC's investment would support Polish companies by providing additional equity to the small /midcap market.
- Poland has a much lower ratio of private equity investments to GDP compared to its peers in the emerging markets. This highlights the scarcity of capital in Poland and underlines the need to support new private equity managers.
SK IET Poland The proposed IFC investment involves a 7 year senior loan of up to $300 million to SK hi-tech battery materials Poland sp. zo.o. (SK Poland), comprising (i) an A loan of between US$150 million and US$200 million (but no more than US$200 million) for IFCs own account; and (ii) a syndicated loan of between US$100 million and US$150 million (but no more than US$150 million). SK Poland is the Polish subsidiary of SK ie technology Co. Ltd (SKIET or the Company), a manufacturer of lithium-ion battery separators (LiBS), a key component of batteries used in electric vehicles (EVs). Currently, SKIET has a total LiBS manufacturing capacity of 1.53bn square meters (sqm) across 4 production facilities in 3 countries, i.e. South Korea, China and Poland. SKIET is listed on the Korea Stock Exchange since May 2021 with a market capitalization of US$3.5 billion equivalent (as of March 13, 2023).  IFCs investment will support the on-going construction and expansion of SK Polands production facility in Dabrowa Górnicza, Poland to meet the fast-growing demand for electric vehicles batteries in Europe (the Project). The most significant expected project-level outcomes are the improvement in Polands industrial complexity through local production of a strategic component that requires an advanced manufacturing technology, and the increase in job quality and manufacturing skills in a critical segment for the decarbonization of mobility in Europe. Beyond the Project, IFC expects the investment to fast-track significant improvements in the resilience of the European EV ecosystem, by supporting a first mover in near-shoring production of a critical component in an EV battery cell, and to enable the development of an EV components hub in eastern and central Europe, lowering dependency on a few global suppliers.
BZ WBK green facility The proposed project supports Bank Zachodni WBK S.A. (BZ WBK or the Bank) with a debt facility which will be earmarked for green projects in Poland including renewable energy, energy efficiency, water efficiency, and green buildings (the Project). The objective of the Project is to strengthen green lending in Poland. With this facility, BZ WBK can become one of the leading banks in Poland in this rapidly developing segment due to its good financial position, IFC''s support in helping to develop green strategy, sound outreach to local companies, and global name/expertise of Santander Group.
DARP NPL EOS III The Project entails setting up a facility in Poland, under IFCs Distressed Assets Recovery Program (DARP), to acquire and resolve retail and SME/corporate non-performing loans (NPLs) and distressed real estate assets and real estate owned (REO) assets on the banks balance sheets (Target Assets), together with EOS Holding GmbH or a 100% subsidiary of it (EOS or the Sponsor). This facility will acquire Target Assets both in the primary and secondary distressed assets markets in Poland (Target Market). The proposed facility will have US$300 million equivalent in EUR in available committed capital, of which IFC will commit US$150 million and EOS will commit US$150 million (DARP NPL EOS III) (the Project). The most significant, expected Project-level outcome is the offloading of secured and unsecured retail and SME/corporate NPLs and REOs by financial institutions in the Target Markets, which will support their capital position by freeing up capital and increasing liquidity, and reduce large costs associated with the management of these assets. As a result, this will enhance the lending capacity of these financial institutions. In addition, IFC expects that the Project will help normalize retail and SME/corporate obligations, allowing individuals and businesses to retain their assets and make them creditworthy again. 

Beyond the Project-level outcomes, the proposed investment is part of a programmatic approach in Poland to enhance the resilience of the financial sector. Under the programmatic approach, IFC is expected to provide (i) significant distressed asset resolution capacity; (ii) capital relief solutions such as synthetic risk transfer; and (iii) long-term bail-in-able and structured financing.
Bank Wlasnosci Pracowniczej (BWP) Summary Of Project Information (SPI)       Project Name    Poland - Bank Wlasnosci Pracowniczej S.A. (BWP)              Region    Europe        Sector       Project No008197   Projected Board DateMay 5, 1998   Company NameBWP   Technical Partner and/or Major Shareholders    	Unibank (Denmark) 26%    	IFC 20%    Project Cost Including Proposed IFC Investment    	US$15 million; IFC equity US$2 million; IFC Loan US$5 million.    Location of Project and Description of Site    	Headquartered in Gdansk, with 6 branches nationwide.    Description of Company and Purpose of Project    	The project will support the privatization and expansion of Bank Wlasnosci Pracowniczej (BWP, the Bank), a small regional bank based in Gdansk and indirectly controlled by the state, which has successfully focused on lending to small and medium-sized enterprises (SMSEs).  BWP is also a pioneer in privatizations involving employee buyouts.  Notwithstanding its success in these specialty niches, BWP falls short of new Polish minimum capital standards coming into effect by end-1998.  In addition, the Bank aims to expand geographically.  As part of BWPs privatization, and in order to support BWPs management and systems - which could get stretched if BWP expands significantly - IFC has introduced BWP to a potential technical partner, Unibank (UB), a Copenhagen (Denmark) based bank focused on SMSE lending, which will co-invest in BWP alongside IFC.  The IFC credit line would be on-lent to SMSEs    Environmental Category and Issues    	This is an environmental review category FI project.  BWP will be required to screen all loan applications for excluded activities.  For project finance, BWP will be required to undertake an environmental review of eligible borrowers environmental performance and each sub-projects compliance with the Government of Poland environmental, health and safety laws, regulations and standards, as well as applicable World Bank policies and guidelines       Date SPI sent to InfoShop     April 3, 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
Enterprise IX The proposed project consists of an IFC equity commitment of up to EUR 40 million in Enterprise Investors Fund IX, SCSp (Enterprise IX or the Fund) a closed-end private equity fund targeting investments in Poland and Central and Eastern Europe (CEE). The Fund will be domiciled in Luxembourg with a target size of EUR 450 million. The Fund is expected to increase access to private equity capital and value creation for companies in Poland and wider CEE Region. Enterprise has an extensive track record and will continue the value strategy demonstrated in previous funds. The investment will also support the Fund to sustain activity and ensures it can continue to operate given deteriorating market conditions, demonstrating resilience. This signal builds on IFCs recent support to other mid-market funds in the region and will help to sustain activity during the current crisis, support market recovery by preserving critical market capacity, and encourage commercial investors to return to the market.
DCM SRT Frida The Project consists of a Synthetic Risk Transfer (SRT) transaction in which IFC will provide to Santander Bank Polska S.A. (SPL) an unfunded guarantee on credit losses of up to PLN475 million (US$110 million equivalent) on a PLN2.9 billion reference portfolio comprising consumer finance loans on SPL balance sheet. SPL will deploy capital freed up as a result of the IFC loss protection to undertake no less than $600 million-equivalent of new green lending in Poland. The Project will increase the resilience of SPL, which is one of the countrys systemic banks, and introduce a highly innovative SRT structure, which will be the first SRT in emerging markets with a climate risk mitigation objective. Project Outcomes  Stakeholders Effect, Increased Access to Climate Finance: The Project is expected to increase access to climate finance in Poland through the capital freed up as a result of the IFC loss protection to be deployed in undertaking new green lending. 

Contribution to Market Creation  Resilience: IFC anticipates that the investment will improve resilience in the market through innovation, demonstration and replication channels. The  innovative instrument is expected to provide capital relief to the third largest and systemic bank in Poland and contribute to a wider adoption of SRTs at the country and regional levels.
Cogito Fund II SCA SICAV RAIF The proposed project consists of (i) an IFC equity commitment of up to 15 million in Cogito Fund II SCA SICAV RAIF (Cogito II or the Fund) and (ii) a co-investment envelope of up to 10 million, on a delegated authority basis, to invest in select companies alongside the Fund.   Cogito II is a closed-end venture capital (VC) fund targeting investments in technology companies primarily in Poland and Central and Eastern Europe (CEE). The Fund will be domiciled in the Grand Duchy of Luxembourg with a target size of 125 million. The Fund is expected to increase access to VC financing and value creation for technology startups based in Poland and other CEE countries, resulting in business growth. The project is also expected to strengthen the competitiveness of the VC Market in Poland and the CEE region by supporting the expansion of the later-stage segment, via demonstration and replication channels.
Polsat Project On 15 December 2022, IFC submitted an offer to invest PLN 435 million, equivalent to US $98.6 million,  as an anchor investor in a PLN 2.67 billion sustainability-linked bond (SLB) being issued by Cyfrowy Polsat S.A. (the Company). On 16 December 2022, the Company accepted the offer and invited IFC to purchase the bonds by 11 January. The Company along with its subsidiaries (collectively the Group or Grupa Polsat Plus or Polsat) is one of the largest media and telecom operators in Poland. In December 2021, the Company announced the planned acquisition of 67% stake in PAK-Polska Czysta Energia sp. z o.o. (PAK PCE), a company that was set up to invest in renewable energy and green hydrogen in Poland, and 67% stake in Port Praski sp. z o.o, a holding company that is developing a large real estate project in Central Warsaw. The project is expected to deliver positive environmental effects from the reduction of GHG emissions (~2 million CO2 tons equivalent per year). At the market level, the investment contributes to further diversify the Polish energy mix away from coal and introduce innovations that support Polands decarbonization strategy. The SLB issuance, the first by a Telecom company in the Polish domestic market and the largest issuance in local currency in the past five years, would also help develop Polands domestic capital market through demonstration effects and the expansion of sustainable finance instruments.