devinitorg/iati-policy-markers huggingface dataset:
Timisoara Muni IFC is considering a loan in the amount of up to RON 155 million (approx. EUR 35 million equivalent) to co-finance the Municipality of Timisoaras priority investment program of EUR 259 million covering 32 projects supported by the EU. IFC co-financing will focus on a subset of 17 projects across a range of sectors and focusing mainly on transport and social infrastructure, which are expected to be completed by 2015.   Priority projects considered for IFC financing can be grouped into four categories: - Transportation and Urban renewal projects: Rehabilitation/modernization and expansion of the tram/trolley lines, intermodal public transport stations, the Bega Canal, roads, bridges and underground passageways, introduction of traffic management and video surveillance systems (IFC financing estimated at approx. EUR 26 million out of a total investment of EUR 56 million) -  District Heating: upgrade and rehabilitation of the non-coal component of the existing district heating system to achieve timely compliance with EU emission requirements (IFC investment estimated at approx. EUR 1 million of the EUR 8 million non-coal component out of a total investment of EUR 45 million). - IT & SME support projects: these projects include a wide range of initiatives to improve existing business infrastructure for Small and Medium Enterprises and develop local competence centers (IFC investment estimated at approx. EUR 3 million out of a total investment of EUR 7 million) -  Social Infrastructure projects: include rehabilitation, modernization and equipping of care centers for children and disadvantaged people, and other health and social services (IFC investment estimated at approx. EUR 3 million out of a total investment of EUR 5 million)  Some of the projects are already under construction; others are being procured or will be procured soon through a public tender process. The Municipality''s priority Investment Program includes several highly developmental projects addressing a range of key sectors and development ojectives:  - District Heating: Significant energy savings and reductions in GHG through the rehabilitation of the district heating system.  - Transport & Urban rehabilitation: Increased safety for the local population through the rehabilitation of roads. Increased efficiency, standards and comfort of the transport network through the modernization of intermodal stations and improvement of traffic management. Reduced emissions through rehabilitation of roads and expansion of public transport.   - Other: Improvements in a range of social infrastructure projects, including health and social services, and funding for regional SME support programs.
DCM SRT SGR The Project consists of a Synthetic Risk Transfer (SRT) transaction in which IFC will provide to BRD Groupe Société Générale S.A. (BRD, the Bank) an unfunded guarantee on credit losses of up to EUR105 million (approximately US$114 million equivalent) on an up to EUR700 million (approximately US$761 million equivalent) reference portfolio comprising small and medium enterprises (SME) and corporate finance loans of BRD. BRD will deploy capital freed up as a result of the IFC loss protection to undertake no less than EUR315 million of new climate and women-owned SME loans in Romania. The Project will allow BRD, one of the countrys systemic banks, to optimize its capital management while supporting the growth of corporate origination. The Project introduces a highly innovative SRT structure, which will be one of the first SRTs and first with IFC in Romanias banking sector. Project Outcomes  Stakeholders Effect, Increased Access to Climate and SME Finance: The Project is expected to increase access to sustainable finance in Romania through the capital freed up as a result of the IFC loss protection to be deployed in undertaking new climate and women-owned SME lending. 

Contribution to Market Creation  Sustainability: IFC anticipates that the investment will promote sustainability of the climate finance market in Romania through innovation, demonstration and replication channels. The innovative SRT instrument is expected to free up capital for sustainable lending, with an emphasis on blue lending, as supported also by a dedicated advisory project.
Banca Comerciala Romana Banca Comerciala Romana, S.A. (BCR or the bank) was incorporated in 1990 and licensed by the National Bank of Romania to conduct all commercial banking activities.  BCR is the largest bank in Romania, with a market share of more than one third of total banking assets in the country as of year-end 2002.  According to International Accounting Standards (IAS), BCRs  total assets as of December 31, 2002 were approximately $4.7 billion equivalent, total equity was approximately $846 million equivalent, and net profits were approximately $106 million equivalent.  The project consists of a pre-privatization equity investment of up to $111 million for a 12.5% shareholding in the bank.  The pre-privatization equity investment fits within a wider framework to support the Government of Romania (GoR or the Government) to promote banking sector reform.
DCM B3T2 MREL 3 The proposed investment is to invest up to US$80 million equivalent (in Romanian New leu or euro equivalent) for IFCs
own account in Minimum Requirement for Own Funds and Eligible Liabilities (MREL) eligible bonds (senior preferred,
SP, and senior non-preferred, SNP) to be issued in one or more tranches, including RBROs first-ever EUR-denominated
benchmark size international bond issuance. The bonds will be listed on Luxembourg and/or Bucharest stock exchanges
and issued under the Banks Sustainability Bond Framework, approved in April 2022 which is aligned with the
International Capital Market Associations (ICMA) Green Bond Principles, Social Bond Principles and Sustainability
Bond Guidelines and, thereby supporting the growth of a sustainable economy in Romania. The project is expected to: i) contribute to increasing access to financing for eligible climate and social projects in Romania. ii) contribute to greater market resilience by enhancing the capitalization of systemically important banks toward compliance with regulatory requirements under the European Commissions bank recovery and resolution directive 2019/879/EU (BRRD 2) by January 2024.
Vifor Wind Power Plant The project comprises of the development, design, financing, construction, operation, and maintenance of an onshore wind farm with a total capacity of 461MW located in Buzau County, in the Southern-East part of Romania (the Project). The Project will be implemented in two phases, i) Phase 1 with capacity of 192MW to be commissioned in early 2026, and ii) Phase 2 with capacity of 269MW to be commissioned in late 2026. The main outcomes of the Project stem from an increase in the supply of sustainable electricity in Romania at a competitive tariff while contributing to a reduction of [ca. 368,000 tons of]    CO2 emissions [annually]. Moreover, the Project will increase Romanias resilience through the diversification of its energy mix, where 56% of its generation capacity comes from fossil fuels. The Project is also expected to have demonstration effects by showcasing private-sector financing as an alternative to financing utility-scale renewable energy projects. Romanias energy sector is still dominated by state-owned companies, supplying more than 60% of power generation. The combination of merchant sales and local and cross-border commercial power purchase agreements (cPPAs) with corporate off-takers is expected to facilitate the use of cPPAs in the country to support scaling up private investments in renewables in Romania.
Garanta Insurance Company Summary Of Project Information (SPI)       Project Name    Romania-Garanta              Region    Europe        Sector       Project No008118   Projected Board DateDecember 30, 1997   Company NameGaranta   Technical Partner and/or Major Shareholders    	Ethniki (Greece)    	Banc Post (Romania)    Project Cost Including proposed IFC investment    	US$3 million. IFC will invest up to US$600,000 for up to 20% in the capital of Garanta, which is being established as a new insurance company in Romania.    Location of project and Description of site    	Bucharest, Romania    Description of Company and Purpose of Project    	The project entails establishing a new composite insurance company, Garanta which will sell both life insurance and general insurance products to individuals and corporations in Romania. This new insurance company will support the development of the Romanian insurance market which remains one of the least developed in Central Europe. Garanta will be one of the best-capitalized joint venture insurance companies in the market and its operating and investment policies should provide a strong demonstration effect for other insurers.    	IFC is playing a key role in structuring the venture and in drafting the Companys operational and investment guidelines.    Environmental Category and Issues    	This is a no impact (C) category project according to IFCs environmental review procedure.   	     Date SPI sent to PIC     November 26, 1997      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
BCR Leasing table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }        BCR Leasing ("BCR Leasing" or "The Company") is a wholly-owned subsidiary of Banca Comerciala Romana ("BCR", part of Erste Group) established in 2001. The Company provides domestic financial leasing services for the purchase of capital goods, such as: leasing for the purchase of vehicles, fleets, equipment and industrial machinery, agricultural machinery or medical equipment. Through its specialized subsidiary, BCR Fleet Management, the Company also offers customized operational leasing and fleet management services for cars and light commercial vehicles.     The project consists of a RON 200 million (approximately USD 50 million) loan package to BCR Leasing. The package is to support provision by BCR Leasing ("BCRL") of finance leasing to its core Small and Medium Enterprise ("SMEs") clientele, primarily of vehicles and moveable equipment. The main objectives of the project are to (i) help utilize a proven financial product that would respond to the critical term funding gap for SMEs in Romania; (ii) alleviate the difficulty of SMEs in accessing bank financing by using asset-secured lease finance; and, (iii) introduce competition in the financial sector and promote growth and generate employment.
Specifically, the facility is aimed to (i) Address the critical shortage of term funding for SMEs in Romania; (ii) Help deepen financial markets, boosting RON-denominated leasing and mitigating foreign exchange risks; and, (iii) Generate employment through resultant growth of SMEs and investment in productive assets.
TTS III Project S.C. Transport Trade Services S.A. (TTS or the Company) and its subsidiaries (collectively known as TTS Group) are leading providers of integrated logistics, freight forwarding and shipping services in Romania and an existing IFC client. The proposed project is an equity investment of up to EUR 12.0 million for 10% of newly issued shares in the Company.   TTS Group is expanding its inter-modal operations across the Danube River System and in Constanta Port in the Black Sea. Proceeds from the investment will be mostly used to fund capital expenditures for TTS subsidiaries:   - CNFR Navrom S.A. (Navrom)  river shipping on the Danube  - Canopus Star S.R.L. (Canopus)  grain terminal in Constanta Port  - Trans Europa Port S.A. (TEP)  river port terminals on the Danube  The remainder of the proceeds will be used to fund various other corporate expenses, including enhancements to the IT systems. Substantial development impact will result from improving the country''s transport infrastructure, including:   - increased trade for several basic industries such as agriculture, chemicals, metals and mining;   - expanded capabilities in transporting agricultural commodities from the region which becomes increasingly important in supplying grains to the world market;  - improved cargo handling capacity and efficiency at the port of Contanta, a major trade hub in Central and Eastern Europe;  - further development of river transport, a more cost effective and environmentally benign transportation mode than the alternative road transport; and  - new river trade volume to Constanta, which will generate economic growth, boost local employment, and contribute to incremental tax revenues for the government.   A more efficient transportation system in Romania should contribute to further regional integration and should have positive spillover effects in neighboring countries, increasing trade among EU countries as well as among neighboring transitioning economies such as Ukraine and Moldova.
Garanti MSME The proposed IFC investment is a senior loan of up to EUR35 million to an existing IFC client  Garanti Bank S.A. Romania for the purpose of on-lending to micro small and medium enterprises, of which EUR20 million for on-lending to Women-Controlled MSMEs. The proposed Project supports IFCs financial markets strategy in CSE and Romania as it makes a positive contribution by funding a priority sector, SMEs, with most part of the funds being earmarked for gender finance.  Garanti Bank is a universal bank, with a market share as at Sep 2013 of 1.95% in terms of total assets (up from 0.45% market share in 2007), ranking 13th out of the 41 banks operating in Romania. In 2007, Garanti Bank Turkey and GE, shareholders of Garanti NV, decided to increase their presence in Romania through a direct subsidiary instead of a branch and positioned it to become a full-fledged bank focusing on retail and SME markets. The new bank license was authorized by the National Bank of Romania in 2009 and the Bank became operational at the end of May 2010. 1. Contribution to economic growth through improved access to finance by SMEs. The level of financial intermediation in Romania has yet to recover from the impact of the crisis. Expanded financial intermediation is needed to support the flow of credit to small businesses and individuals which make up the most important part of these countries'' economies. 2. Creates more job opportunities: Employment would widen by aiding SMEs; 3. Increasing financial inclusion in Romania: Access to credit and increasing the economic power of women would translate into improved livelihoods for a wide cross-section of society.
Banca Romaneasca Banca Romaneasca is among the smaller banks in the Romanian banking market and aimed at servicing SMEs.  The bank will receive broad technical assistance (TA) from a first class reputable Dutch bank,   with a view to transform   Banca Romaneasca   into a sustainable, competitive financial institution  .  The TA will strengthen the bank''s banking skills and term-lending expertise.  By providing a credit line to a local, second-tier bank to be on-lent to private SMEs, IFC will support the Romanian SME sector.  In this case, IFC will facilitate SMEs'' access to term financing, which is scarce in Romania. The ultimate goal of the project is to create a viable banking institution and creditworthy private enterprises, which could eventually become attractive opportunities for foreign direct investment.
UCLC SEF Project The proposed project consists of an IFC senior debt investment of up to Euro 55 million to UniCredit Leasing Corporation IFN S.A. (UCLC, or the Company), to help scale up the Companys SME portfolio, with 40 percent of the proceeds channelled to funding eligible sustainable energy finance (SEF) projects.   The proposed investment fits IFCs strategy as it will boost access to both SME and climate finance in the country.   Established in 2002, UCLC is according to public media the largest financial leasing company in Romania. It is part of the UniCredit Group and an existing IFC client since 2017. Expected developmental impact will be derived from: 
i) Access to finance for SMEs, which remains a major obstacle, especially in the most vulnerable regions of the Country. Although Romanian banks remain the main source of financing, in recent years companies have increasingly resorted to other financing sources such as leasing and other NBFIs. 
ii) Access to climate finance, as IFC anticipates that the Project will increase access to energy efficiency and renewable energy projects. This will enable businesses to improve their environmental impact by implementing climate-smart practices such as purchasing through leasing energy-efficient vehicles and equipment; and 
iii) IFC anticipates that the Project would result in increased competitive pressures in the SEF space and would have market impact through the competition and demonstration channels. The Project is expected to enhance the visibility and marketability of the SEF products offered in Romania and foster competition in this market. Supporting UCLC would result in expanding the financing potential for projects compliant with international energy saving criteria and would positively contribute to tackling climate challenges.
MedLife Project MedLife is a successful private healthcare provider owned by a family of physicians and bankers and headquartered in Bucharest.  The company currently offers a wide range of medical care services through its 11 medical clinics in Bucharest and Ploiesti.  MedLife also operates 3 medical laboratories in Bucharest as well as one of the largest private medical facilities in Romania, Hyperclinica.  MedLife is currently building a 100 bed hospital adjacent to Hyperclinica, which is expected to open in November 2006.  The IFC financing will allow MedLife to expand their high quality medical services to other areas of Romania, partially financing the development of new 40 to 50 bed hospital/clinic combinations (as in Bucharest) opening in Constanta, Timisoara, Brasov, Iasi, and Cluj over the next 2 to 3 years.  All the sites for these developments have been purchased and these will all be greenfield developments (except the clinic in Timisoara which will be in a renovated building).  The buildings, medical facilities, equipment, medical care and support have been established to meet both Romanian and international standards. This project will:     -  increase the supply of higher quality hospital services in Romania;    -  relieve some of the burden currently placed on the public health system;    -  allow public health resources to focus on lower income segments of the population and emergency services;    -  improve employment conditions of many companies in Romania;    -  establish best practices for the medical community;    -  encourage other foreign and Romanian investors to participate in the modernization of the industry;    -  help to establish an environment that favors Romanias transition towards a full-fledged EU member country.
Garanti Romania The project would involve a senior loan of up to EUR22.5 million to a newly established bank in Romania  Garanti Bank SA, Romania (the Bank) for the purpose of on-lending in small and medium enterprises market. The banking sector is short of supporting small and medium enterprises due to the effects of the financial crisis and lowered liquidity which deteriorated asset quality of the banks in Romania. - Increased access to finance: New loans and portfolio growth is expected for SMEs in the Country in an environment where funding resources are constrained.
- Supporting a new entrant to the market: Supporting competition in the market and signaling support to the SME financing.
- Enhancement in operational procedures: Bringing best practices in insurance and social and environment management systems to a newly formed bank.
Banca Transilvania Subordinated Loan The proposed transaction consists of a 7-year subordinated loan to Banca Transilvania (BT or the  Bank), an existing IFC client, for up to EUR15 million. The objective of this transaction is to strengthen the capital base of the Bank and to enable the Bank to fund its expansion in the growing sectors of the Romanian economy, in particular SMEs and hosuing finance, which are strategic sectors for IFC in Romania. The proposed subordinated loan can count as Tier II capital for the Bank up to 50% of Tier I capital as per banking regulations in Romania. The development impact of this transaction would include:   - providing long term funding to fast growing Romanian SMEs that have become a significant engine of growth, and  - strengthening the Banks capital base, facilitating a better asset-liability management and enabling the Bank to expand its financial intermediation capacity.
BT MSME-Mortgage The proposed transaction consists of    - a senior loan of up to EUR30 million equivalent comprising a EUR15 million 10-year tranche for mortgage on-lending and a EUR15 million 7-years MSME tranche and    - a syndicated loan of a much larger amount for general business purposes.  This project aims to work with a locally-owned bank and longstanding partner of IFC, Banca Transilvania (BT) in expanding access to long-term finance for key market segments that remain underserved despite the overall strides made by the Romanian banking sector.  These market segments include low and middle income mortgages and the MSME segment, including those located in the frontier regions of Romania.  Increasing access to finance in frontier regions, for the above mentioned market segments is key to upgrading the financial infrastructure in Romania which in turn will be crucial in aiding Romanias integration within the EU, a cornerstone of the World Bank Group strategy. IFCs investment is expected to have a significant developmental impact with positive impacts to the mortgage market, MSME sector and the economy in general besides improving the living standards of Romanian Citizens by indirectly improving also savings and investment rates.  This project will:  - support the primary mortgage market in Romania by improving the efficiency of loan origination and standardization of loan files, which would create conditions for the development of secondary mortgage market and potential refinancing mechanisms;  - strengthen home ownership by making available IFC funds as a source to provide financing to consumers residing in underserved geographical areas; - provide term funding to fast growing Romanian MSMEs that have become a significant engine of economic growth; - facilitate a better asset-liability management and enabling the Bank to expand its financial intermediation capacity; - have an important mobilization role, leveraging IFCs own investment of EUR30 million with a syndicated B Loan.