devinitorg/iati-policy-markers huggingface dataset:
Codevi The proposed project consists of US$15 million (committed tranche of US$10 million and uncommitted tranche of US$5 million) to support MD Industries Haiti Ltd.’s investments to increase production, as well as to expand the services offered at Codevi Industrial Park. The Loan will have a tenor of up to 10 years, including a 12-month grace period, and it will be guaranteed by the companies’ assets. IDB Invest’s financing will be complemented by advisory services on energy efficiency and renewable energy.The proposed financing will support the competitive position of Grupo M’s companies through the increase in textile production capacity, generating a high impact in areas such as job creation, competitiveness, and sustainable management of resources such as water and energy. Grupo M’s companies recognize that to continue with the expansion of their businesses, they must remain competitive and ensure greater control over various aspects of their operations, including: (i) constant modernization and expansion of their equipment; (ii) efficient use of operational resources such as energy; and (iii) improvement of environmental and social standards. For these types of companies, having access to long-term financing to make the necessary investments to maintain their competitiveness is key.Adendum:On October 21, 2022, the Environmental and Social Review Summary (ESRS) and Environmental and Social Action Plan (ESAP) are modified to eliminate the Dominican Republic, leaving only Haiti. The proposed project consists of US$15 million (committed tranche of US$10 million and uncommitted tranche of US$5 million) to support MD Industries Haiti Ltd.’s investments to increase production, as well as to expand the services offered at Codevi Industrial Park. The Loan will have a tenor of up to 10 years, including a 12-month grace period, and it will be guaranteed by the companies’ assets. IDB Invest’s financing will be complemented by advisory services on energy efficiency and renewable energy.The proposed financing will support the competitive position of Grupo M’s companies through the increase in textile production capacity, generating a high impact in areas such as job creation, competitiveness, and sustainable management of resources such as water and energy. Grupo M’s companies recognize that to continue with the expansion of their businesses, they must remain competitive and ensure greater control over various aspects of their operations, including: (i) constant modernization and expansion of their equipment; (ii) efficient use of operational resources such as energy; and (iii) improvement of environmental and social standards. For these types of companies, having access to long-term financing to make the necessary investments to maintain their competitiveness is key.Adendum:On October 21, 2022, the Environmental and Social Review Summary (ESRS) and Environmental and Social Action Plan (ESAP) are modified to eliminate the Dominican Republic, leaving only Haiti.
Umbrella Energy Distributed Generation Project <p>Umbrella Energy Distributed Generation Project</p> <p>Umbrella Energy Distributed Generation Project</p>
Banco Sabadell Mexico Green Financing Partnership The proposed transaction consists in secured US$-denominated senior financing to be granted to Banco Sabadell S.A., a universal banking institution (the “Bank” or “Sabadell México”), for up to US$75million (the “Project”). The purpose of the Project is to provide Sabadell México with financing to support the growth of its reduced environmental impact transactions with Small and Medium-Sized Enterprises (SMEs), as well as corporate customers. As part of the Project, IDB Invest will assess the possibility of providing advisory services to develop a business strategy for the Bank’s SME portfolio. The proposed transaction consists in secured US$-denominated senior financing to be granted to Banco Sabadell S.A., a universal banking institution (the “Bank” or “Sabadell México”), for up to US$75million (the “Project”). The purpose of the Project is to provide Sabadell México with financing to support the growth of its reduced environmental impact transactions with Small and Medium-Sized Enterprises (SMEs), as well as corporate customers. As part of the Project, IDB Invest will assess the possibility of providing advisory services to develop a business strategy for the Bank’s SME portfolio.
Bancoldex/Enerca Guarantee - Complementary Mechanism <p>Bancoldex/Enerca Guarantee - Complementary Mechanism</p> <p>Bancoldex/Enerca Guarantee - Complementary Mechanism</p>
Arendal S. de R.L de C.V. Arendal is a Mexican company founded in 1997, specializing, inter alia, in the construction of pipelines, plants, electromechanical and heavy civil engineering works, directional drilling, and fiber optic networks. The purpose of the loan is to make use of company knowledge of the market and increase its human capital, in addition to adopting sophisticated systems and tools.The IIC’s revolving credit line of up to MX$100.0 million will be used for working capital loans to finance contracts with Petróleos Mexicanos (“PEMEX”). Arendal is a Mexican company founded in 1997, specializing, inter alia, in the construction of pipelines, plants, electromechanical and heavy civil engineering works, directional drilling, and fiber optic networks. The purpose of the loan is to make use of company knowledge of the market and increase its human capital, in addition to adopting sophisticated systems and tools.The IIC’s revolving credit line of up to MX$100.0 million will be used for working capital loans to finance contracts with Petróleos Mexicanos (“PEMEX”).
Banco Nacional de Costa Rica MSME Financing Partnership Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website. Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website.
ACME Loan The proposed transaction consists of an unsecured senior loan to ACME S.A. (“ACME” or the “FI”) denominated in US Dollars (“USD”) for up to USD $2 million, to be funded by IDB Invest as administrator of the Haiti SME Development Fund, with a tenor of up to three years (the “Project”) and a 12 month grace period on the repayment of principal. The purpose of the Project is to provide financing to ACME to on-lend to micro small and medium-sized enterprises (“MSMEs”). The proposed transaction consists of an unsecured senior loan to ACME S.A. (“ACME” or the “FI”) denominated in US Dollars (“USD”) for up to USD $2 million, to be funded by IDB Invest as administrator of the Haiti SME Development Fund, with a tenor of up to three years (the “Project”) and a 12 month grace period on the repayment of principal. The purpose of the Project is to provide financing to ACME to on-lend to micro small and medium-sized enterprises (“MSMEs”).
Delba Vessel <p>Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website.</p> <p>Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website.</p>
Genomma Lab Gender/COVID Bond <p>Genomma Lab Gender/COVID Bond</p> <p>Genomma Lab Gender/COVID Bond</p>
Banco Santander Chile TFFP <p>Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website.</p> <p>Effective January 1, 2016, this operation is being managed by the Inter-American Investment Corporation (IIC). For information disclosed by the Inter-American Development Bank (IDB) before that date, please refer to the Projects section on the IDB website.</p>
FACTOTAL SME Financing Partnership The Project aims to finance small and medium-sized enterprises ("SMEs") through factoring and financial leasing operations in Chile. The proposed financing will consist of a Senior Loan of up to US$10 million with an expected term of up to 4 years. The Project will also enable Factotal S.A. to improve the offer of its financial services to its clients, diversify its sources of funding, and, simultaneously, improve the structure of its assets and liabilities. The Project aims to finance small and medium-sized enterprises ("SMEs") through factoring and financial leasing operations in Chile. The proposed financing will consist of a Senior Loan of up to US$10 million with an expected term of up to 4 years. The Project will also enable Factotal S.A. to improve the offer of its financial services to its clients, diversify its sources of funding, and, simultaneously, improve the structure of its assets and liabilities.
Compartamos Financiera <p>Compartamos Financiera</p> <p>Compartamos Financiera</p>
Banco ABC - Social Bond The transaction consists of a Local Bond (Letras Financeiras) issuance for the equivalent in Brazilian reais of US$100 million for a tenor of five years bullet. The Letras Financeiras shall be classified as Social Bonds as per the International Capital Market Association’s Social Bond Principles. The proposed financing will contribute to increase access to finance in Brazil by supporting the expansion of ABC’s social portfolio, by focusing its Small and Medium-Sized Enterprises (“SMEs”) strategy. Also, the transaction injects liquidity in this segment in a moment of market turbulence due to the spread of the COVID-19 virus. Finally, the transaction supports the development of the Brazilian capital markets and the sustainable finance segment, as it will be first thematic Letras Financeiras issued in Brazil and may spearhead a new trend in the Brazilian Debt Capital Markets. The transaction consists of a Local Bond (Letras Financeiras) issuance for the equivalent in Brazilian reais of US$100 million for a tenor of five years bullet. The Letras Financeiras shall be classified as Social Bonds as per the International Capital Market Association’s Social Bond Principles. The proposed financing will contribute to increase access to finance in Brazil by supporting the expansion of ABC’s social portfolio, by focusing its Small and Medium-Sized Enterprises (“SMEs”) strategy. Also, the transaction injects liquidity in this segment in a moment of market turbulence due to the spread of the COVID-19 virus. Finally, the transaction supports the development of the Brazilian capital markets and the sustainable finance segment, as it will be first thematic Letras Financeiras issued in Brazil and may spearhead a new trend in the Brazilian Debt Capital Markets.
Phoenix Tower International (PTI) <p>Phoenix Tower International (PTI)</p> <p>Phoenix Tower International (PTI)</p>
Banco Financiera Centroamericana S.A. The proceeds of the IIC loan will be used to finance small and medium-sized Honduran enterprises in productive sectors such as industry, manufacturing, construction, agroindustry, and other eligible sectors.Banco Financiera Centroamericana S.A. (FICENSA) began doing business in Honduras in 1974. With activities geared mainly to corporate financing, the bank has two main offices, one in Tegucigalpa and the other in San Pedro Sula, along with 26 branch offices in the country’s major cities, drive-through teller windows, and an extensive network of automatic teller machines. FICENSA is a member of the Banet network. The proceeds of the IIC loan will be used to finance small and medium-sized Honduran enterprises in productive sectors such as industry, manufacturing, construction, agroindustry, and other eligible sectors.Banco Financiera Centroamericana S.A. (FICENSA) began doing business in Honduras in 1974. With activities geared mainly to corporate financing, the bank has two main offices, one in Tegucigalpa and the other in San Pedro Sula, along with 26 branch offices in the country’s major cities, drive-through teller windows, and an extensive network of automatic teller machines. FICENSA is a member of the Banet network.
CIMARRON The operation consists of a 7-year loan for up to US$12 million corresponding to 69% of the total value of the construction of a new module of 20 hectares of greenhouses for hydroponic vegetable cultivation and for the working capital required for its operation. The loan will be guaranteed by: (i) mortgage on the land on which the new greenhouses are built; (ii) pledge on new greenhouses; and (iii) guarantee provided by the Canadian Export Development Agency (EDC) for up to 85% of the value of the project to be financed.The main reason for this type of guarantee is that the technology of the greenhouse comes from Canada, the supplier being the company Les Serres Harnois (http://www.harnois.com/), who has already installed other modules for Cimarrón. The operation consists of a 7-year loan for up to US$12 million corresponding to 69% of the total value of the construction of a new module of 20 hectares of greenhouses for hydroponic vegetable cultivation and for the working capital required for its operation. The loan will be guaranteed by: (i) mortgage on the land on which the new greenhouses are built; (ii) pledge on new greenhouses; and (iii) guarantee provided by the Canadian Export Development Agency (EDC) for up to 85% of the value of the project to be financed.The main reason for this type of guarantee is that the technology of the greenhouse comes from Canada, the supplier being the company Les Serres Harnois (http://www.harnois.com/), who has already installed other modules for Cimarrón.
Banco Caracas, S.A.C.A. <p>Banco Caracas, S.A.C.A.</p> <p>Banco Caracas, S.A.C.A.</p>
Responsability - Emergency Liquidity Facility <p>Responsability - Emergency Liquidity Facility</p> <p>Responsability - Emergency Liquidity Facility</p>
Multinational Industrial Fund Multinational Industrial Fund is a US$80 million Mexican private equity fund that will seek to earn long-term capital gains by investing in equity and quasi-equity securities of small and medium-sized Mexican companies entering into joint ventures with foreign companies to generate exports. The Fund will have a life of ten years.The proposed transaction is in line with IICs developmental goals, since (i) the Fund will support the creation and expansion of small and medium-scale enterprises in Mexico without access to equity capital; (ii) it will support private investment to create joint ventures of local firms with European firms to transfer technology and promote export sales; (iii) through stock market exit it will foster democratization of capital; and (iv) the Fund will reach some fifteen final beneficiaries over its expected life; creating about 300 jobs, and contributing US$300 million to the country's GDP. Multinational Industrial Fund is a US$80 million Mexican private equity fund that will seek to earn long-term capital gains by investing in equity and quasi-equity securities of small and medium-sized Mexican companies entering into joint ventures with foreign companies to generate exports. The Fund will have a life of ten years.The proposed transaction is in line with IICs developmental goals, since (i) the Fund will support the creation and expansion of small and medium-scale enterprises in Mexico without access to equity capital; (ii) it will support private investment to create joint ventures of local firms with European firms to transfer technology and promote export sales; (iii) through stock market exit it will foster democratization of capital; and (iv) the Fund will reach some fifteen final beneficiaries over its expected life; creating about 300 jobs, and contributing US$300 million to the country's GDP.
LAC - China Infrastructure Fund (RG-L1048) <p>LAC - China Infrastructure Fund (RG-L1048)</p> <p>LAC - China Infrastructure Fund (RG-L1048)</p>
La Hipotecaria The project consists of a long-term loan for up to US$10 million to Banco La Hipotecaria, S.A. (located in Panama) and La Hipotecaria, S.A. de 	C.V. (in El Salvador), subsidiaries of La Hipotecaria (Holding), Inc. The loan proceeds will be used to finance the growth of these companies’ mortgage portfolios. The project consists of a long-term loan for up to US$10 million to Banco La Hipotecaria, S.A. (located in Panama) and La Hipotecaria, S.A. de 	C.V. (in El Salvador), subsidiaries of La Hipotecaria (Holding), Inc. The loan proceeds will be used to finance the growth of these companies’ mortgage portfolios.
rankmi equity investment <p>rankmi equity investment</p> <p>rankmi equity investment</p>
Multibank, Inc. The Inter-American Investment Corporation (IIC) approved a line of credit of US$12 million to Multibank, one of the largest banks in Panama, that will be used to provide financing to SMEs in Panama, as well as to diversify its long-term sources of funding. The proceeds from the line of credit will go toward providing financing to SMEs in Panama, as well as toward helping Multibank diversify its long-term sources of funding.Multibank Inc. is a bank entity established in 1990. Today, it is one of the largest banks in Panama funded with Panamanian capital. Through local subsidiaries, it provides factoring, financial leasing, trust, insurance, asset management, and brokerage services, among others. Over the years, the bank has built up expertise in services and products aimed at the SME segment, which accounts for 40% of the total corporate portfolio. The Inter-American Investment Corporation (IIC) approved a line of credit of US$12 million to Multibank, one of the largest banks in Panama, that will be used to provide financing to SMEs in Panama, as well as to diversify its long-term sources of funding. The proceeds from the line of credit will go toward providing financing to SMEs in Panama, as well as toward helping Multibank diversify its long-term sources of funding.Multibank Inc. is a bank entity established in 1990. Today, it is one of the largest banks in Panama funded with Panamanian capital. Through local subsidiaries, it provides factoring, financial leasing, trust, insurance, asset management, and brokerage services, among others. Over the years, the bank has built up expertise in services and products aimed at the SME segment, which accounts for 40% of the total corporate portfolio.
Atento - Facilidad Revolvente de Crédito The proposed transaction involves granting Atento a revolving credit line of up to US$50million (US$43million of which are committed and the other US$7million are not) with a five-year tenor. The financing operation is aimed at funding Atento’s working capital and the capital investments needed to grow its Business Process Outsourcing (BPO) and Customer Relationship Management (CRM) operation in 11 member countries of IDB Invest. Atento is the largest provider of management solutions and services for customer relations and business process outsourcing (CRM/BPO) in Latin America and is among the top five providers globally in terms of revenue. Atento has more than 140,000 employees. At present, the company is implementing methods of automation and digitization of processes that will ensure an optimization of its processes and offer nearshoring services.The impact story of this project was highlighted on our 2021 Annual Report. The proposed transaction involves granting Atento a revolving credit line of up to US$50million (US$43million of which are committed and the other US$7million are not) with a five-year tenor. The financing operation is aimed at funding Atento’s working capital and the capital investments needed to grow its Business Process Outsourcing (BPO) and Customer Relationship Management (CRM) operation in 11 member countries of IDB Invest. Atento is the largest provider of management solutions and services for customer relations and business process outsourcing (CRM/BPO) in Latin America and is among the top five providers globally in terms of revenue. Atento has more than 140,000 employees. At present, the company is implementing methods of automation and digitization of processes that will ensure an optimization of its processes and offer nearshoring services.The impact story of this project was highlighted on our 2021 Annual Report.
Project Durango Solar Park Mexico <p>Project Durango Solar Park Mexico</p> <p>Project Durango Solar Park Mexico</p>
Rural Connectivity IDB Invest is considering providing financing up to US$15,000,000 to a future rural mobile infrastructure operator IPT SAC ("IPT"), which currently has Telefónica del Perú and potentially other (“DFIs”) as shareholders. The company aims to sustainably connect the unconnected and underserved populations of Peru through an innovative rural connectivity business model.IDB Invest's investment would be subject to certain conditions being met, including the Company agreeing to comply with IDB Invest's environment and social policies whilst IDB Invest is a shareholder. IDB Invest is considering providing financing up to US$15,000,000 to a future rural mobile infrastructure operator IPT SAC ("IPT"), which currently has Telefónica del Perú and potentially other (“DFIs”) as shareholders. The company aims to sustainably connect the unconnected and underserved populations of Peru through an innovative rural connectivity business model.IDB Invest's investment would be subject to certain conditions being met, including the Company agreeing to comply with IDB Invest's environment and social policies whilst IDB Invest is a shareholder.
Grupo Kattan II El proyecto consiste en un préstamo garantizado y de largo plazo para financiar un proyecto solar fotovoltaico sobre los techos de las instalaciones deInmobiliaria Hondureña del Valle S.A. de C.V. (“INHDELVA”), el cual incluye también equipo de almacenamiento con baterías, además de la construcción de una nave industrial para la producción de hilos industriales.El financiamiento propuesto tiene los siguientes objetivos: (i) generar 13,24 MWp de energía renovable y apoyar parcialmente el déficit de energía en la zona; (ii) proveer energía renovable a un costo inferior al de la energía térmica actualmente disponible; (iii) crear empleo durante la construcción y supervisión del proyecto, además de emplear a una empresa hondureña para la instalación de paneles solares y baterías, promoviendo la creación de conocimiento técnico en el mercado local; y (iv) innovar, ya que este será uno de los primeros proyectos de inyección de energía con baterías en el mercado de oportunidad, utilizando equipos con la última tecnología disponible. El proyecto consiste en un préstamo garantizado y de largo plazo para financiar un proyecto solar fotovoltaico sobre los techos de las instalaciones deInmobiliaria Hondureña del Valle S.A. de C.V. (“INHDELVA”), el cual incluye también equipo de almacenamiento con baterías, además de la construcción de una nave industrial para la producción de hilos industriales.El financiamiento propuesto tiene los siguientes objetivos: (i) generar 13,24 MWp de energía renovable y apoyar parcialmente el déficit de energía en la zona; (ii) proveer energía renovable a un costo inferior al de la energía térmica actualmente disponible; (iii) crear empleo durante la construcción y supervisión del proyecto, además de emplear a una empresa hondureña para la instalación de paneles solares y baterías, promoviendo la creación de conocimiento técnico en el mercado local; y (iv) innovar, ya que este será uno de los primeros proyectos de inyección de energía con baterías en el mercado de oportunidad, utilizando equipos con la última tecnología disponible.
Luz y Fuerza de San Lorenzo, S.A. C.V. <p>Luz y Fuerza de San Lorenzo, S.A. C.V.</p> <p>Luz y Fuerza de San Lorenzo, S.A. C.V.</p>
MiCoope - Sustainable Bond <p>MiCoope - Sustainable Bond</p> <p>MiCoope - Sustainable Bond</p>