devinitorg/iati-policy-markers huggingface dataset:
Universidad del Salvador The proposed $20 million five-year project, which focuses on the Universitys campus of Pilar in the province of Buenos Aires, entails the construction of:    - new classrooms;    - a large auditorium;    - a library;    - student dormitories,    - a veterinarian clinic; and   - three outpatient clinics.       The project will consolidate the Universitys position of leadership, improve and broaden the subjects taught, alleviate the current shortage of space and help accommodate further growth.     The role of the education system is crucial in supplying the human resources required for faster economic growth and successful competition in the global markets.    Argentinas industrial and services sector underwent a major restructuring following the opening of the economy in 1991 to improve quality, productivity and profitability.  These developments, coupled with the increasing globalization of markets, have induced a shift in the skills required by todays labor force.  Companies are seeking more qualified employees and increasingly demanding individuals with a post-secondary education  .    Increases in productivity could be jeopardized unless the education system is able to match the demands of the market for well-educated, skilled and flexible graduates.  Investments in the private system will complement an overcrowded public system and enhance the overall quality of higher education and its graduates.    Education remains a sector where financial institutions generally are unwilling to invest.  By taking the lead, IFC will demonstrate to others the commercial viability of private investment in institutions like USAL.  The success of this, and other IFC education projects, should help to create a market where none exists today for raising capital to fund the growth, quality and efficiency improvement of learning institutions.
Recargapay Project RecargaPay Holdings Inc. (RecargaPay or the Company) is a mobile wallet and payment platform in Brazil with the mission of democratizing mobile payments. Users can top up prepaid mobile phones, pay for utility bills, and do peer-to-peer money sending between friends in a fast, convenient and secure way.   IFCs investment will support further expansion primarily in Brazil and in other Latin American markets, to enable additional mobile financial services to an even broader population of consumers, with a specific focus on the unbanked and underbanked. 1) Financial Inclusion through mobile payments:  The company''s main product (mobile top ups) already provides the access for additional mobile payments services, such as utility bill payment and enabling electronic shopping.  These mobile payment services provide expanded access to finance and expand ultimately banking penetration. 2) Reaching the Unbanked:  The opportunity to reach largely underbanked and unbanked population in Latin America with cutting edge products and services delivered at affordable prices, is expected to lead to significant productivity gains within a section of population that was previously underserved, especially compared to offline payment methods. 3) Promoting mobile payments in Latin America by reducing transaction cost and overcoming geographic barriers.
PATAGONIA CL II The proposed project consists of a 5-year loan for up to US$50 million to be provided by IFC to Banco Patagonia S.A. (the Bank) to support its lending activities to export-oriented small and medium enterprises (SMEs). Banco Patagonia is a full service bank, which provides general banking services with significant presence in the retail and SMEs sectors. As of December 2015, Banco Patagonia is the ninth bank in Argentina in terms of assets and loans, with a market share of 3.5%, and tenth in terms of deposits. The Bank has 3,361 employees and more than 1 million active clients. IFC''s long-term financing is expected to bring high development impact by enhancing Banco Patagonia''s capacity to support access to finance for SMEs. SME finance is a key priority for IFC and this project contributes to reducing the financing gap by providing scarce long-term financing to SMEs, thus helping them support capital expenditure programs and investment in capacity expansion leading to employment generation and growth.
Diadema III Compañías Asociadas Petroleras S.A. (CAPSA or the Company) is a small Argentine oil producer which operates 7 fields in the Comodoro Rivadavia region (part of the San Jorge basin).  CAPSA which currently produces 1,660 m3/day (eq. to 10,500 bbl/day) has demonstrated expertise in the development of mature oil fields through the reliance on secondary recovery waterflood techniques.

IFC has been requested by CAPSA to provide a corporate loan (the Facility) of up to $60 million to finance the Companys capital expenditure program and refinance some of its term debt into longer tenors not currently available in the market (the Project).  IFC expects to mobilize 50% (up to $30 million) of the Facility through the B loan program and/or from other funding sources on a parallel basis.

As part of its strategy to sustain the production of its mature fields, CAPSA will be undertaking flood efficiency techniques through polymer injection, the drilling of infill wells and the drilling of advanced wells.  The Company had already initiated in 2007 a pilot program for polymer injection which proved successful and intends now to go full scale.  The polymer  and the drilling of infill wells investment is estimated to cost $35 million while capital expenditures for advanced wells are estimated at $19 million.  Part of the investment program includes CAPSAs refinancing of its debt with Deutsche Bank of $17.5 million which is being repaid between now and December 2011.  The refinancing will enable the Company to free up cashflows to undertake the flood efficiency projects. IFCs support of the project will result in: (i) the continued development of marginal fields, (ii) benefits to the government and local economies, (iii) local purchases and (iv) support of local communities.  For the year ending April 2009, the Company had paid US$16.2 million in royalties to the Government of Argentina.  Seventy three percent of its permanent workforce came from areas surrounding the Company's operation in the Comodoro Rivadavia area.
DCM Gaucho GB 0  0  0  0  0  0  0  0  0.0000      The proposed project (the Project) entails an IFC investment of up to US$100 million in a 7-year green bond to be issued by Banco de Galicia y Buenos Aires S.A. (Galicia or the "Bank"). The green bond proceeds will be used to finance sustainable energy finance (SEF) sub-projects in Argentina (the Country).  Founded in 1905, Galicia is the second largest private sector bank in Argentina, with a market share of 9.3% as of December 2017. The Bank operates one of the most extensive and diversified distribution networks in the Country, serving over 3.9 million clients, both individual and corporate. The Bank has a significant presence in both the retail and small and medium enterprise (SME) sectors, with a strong focus on agribusiness. Project Impact Assessment:   Stakeholders Effects: The Project will increase access to SEF, including for renewable energy ("RE"), energy efficiency ("EE"), water efficiency ("WE"), and green buildings ("GB") projects.  Environmental Effects: IFC estimates that growth in the Bank's climate-finance portfolio will result in a reduction of CO2 emissions.   Market Impact Assessment:   Sustainability: IFC expects that its investment will introduce and help demonstrate the viability of a new asset class that promotes sustainability (i.e. green bonds). The Project with Galicia, a systemic Argentine bank, shall provide visibility, raise awareness, and generate a demonstration effect of these instruments to other market players.
Afluenta Project Afluenta (or the Company) is a lending marketplace marketplace in Argentina, connecting individual and institutional lenders with borrowers, eliminating the middleman and reducing costs.  IFCs investment will help the Company to consolidate its leadership position in Argentina and to expand into Peru, Colombia and Mexico. Afluenta offers unbanked and underbanked consumers the ability to get access to credit more efficiently and at rates lower than otherwise available to them by scoring and matching these customers with lenders. This highly developmental model has the potential to significantly increase access to financial services and could help close the income gap in several emerging economies, and promote low cost financial services through innovative delivery channels, saving people time and money and financing costs.
Los Grobo Equity IFC is investing up to US$50 million in an investment consortium which is acquiring a controlling stake in Grupo Los Grobo LLC (GLG or the Group), a diversified agribusiness company operating in Argentina and involved in: (i) the manufacturing of crop-protection inputs, (ii) agri-inputs distribution, (iii) grain origination, storage and logistics services, (iv) farming, and (v) milling. The use of proceeds will be to refinance debt and gain working capital fire power in order to be ready to capture expected growth opportunities in the Argentine agribusiness sector and acquire the shareholding stakes of some minority shareholders. (i) dissemination of innovative and efficient technology-based farming practices; (ii) providing access to pre-harvest financing to farmers; (iii) promotion of sustainable agricultural production and (iv) job creation in rural areas .
REFINERIA SAN LORENZO, S.A. Summary Of Project Information (SPI)       Project Name    Argentina-Refineria San Lorenzo S.A. (REFISAN)                Region    Latin America      Sector   Project No005137   Projected Board DateJanuary 15, 1996   Company NameRefineria San Lorenzo, S.A.    Technical Partner and/or Major Shareholders    	REFISANs shareholders are: (i)Perez Companc, S.A.(42.5%) and one of its affiliates, Petroquimica Argentina S.A. (PASA) (15%); and Compania General de Combustible (CGC) (42.5%).  All these companies are involved in the sale and distribution of petroleum products.    Project Cost Including proposed IFC investment    	The proposed project is due to be completed in July 1997 at a cost currently estimated at US$86.6 million.  IFCs proposed financing consists of $50 million of which $30 million is for the account of participating banks.    Location of project and Description of site    	City of San Lorenzo, Santa Fe province, Argentina.    Description of Company and Purpose of Project    	REFISAN was incorporated in March 31, 1993 following its privatization sale from YPF.  The facilities have been in operation since the late 30s with original design capacity of 32,000 barrels per day, focusing essentially on fuel oil, using domestic feedstock.    	The project will increase the companys designed capacity to 42,000 barrels per day and reorient its product slate to produce more transportation fuel with greater value-added. The project will therefore improve the overall economics of the refinery at minimum capital cost.  The refinery will supply competitively priced transportation fuels to the northern part of Argentina.  In addition,  the project includes investment for Refisan to develop its own distribution channel.  This will help provide employment opportunities in the region. Finally, the project will help strengthen actions to improve on-going environmental standards at the refinery site.    Environmental Category and Issues    	This is a category B project according to IFCs environmental review procedure.  Environmental issues involve air emissions, liquid effluent, solid waste disposal, general housekeeping, and general health and safety, and old site contamination. On behalf of REFISANs new owners, an independent consultant has prepared an environmental audit on Refisans facilities, and has recommended that actions on technical and housekeeping issues be taken to bring the operations into compliance with local regulations and the World Bank environmental policies and guidelines.  A corrective action plan covering these recommendations, as well as actions to clearly define the extent of the old site contamination will be carried out by the Company and monitored by IFC during the project implementation.     The  is  December 20, 1995 from the Public Information Center.       Date SPI sent to PIC     December 12, 1995      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).
Regulus Project Regulus Resources Inc. (Regulus or the Company) is a Canadian exploration company currently solely focused on the Rio Grande copper-gold exploration property located in Salta Province, Argentina (the Project). The Project falls under a 50%/50% JV with Pachamama Resources Ltd; Regulus is the managing partner of the JV. The current project activities include mainly exploration drilling, environmental and social studies and technical and economic assessments. The proposed investment will be made before the completion of a full project feasibility study that would confirm the commercial viability of the Rio Grande project. The IFC investment will thus fund exploration and further studies and will not fund the development of a mine or result in any immediate incremental production. Development impacts from exploration activities are typically limited but nonetheless create local employment.    Should Rio Grande be developed into a commercial mining operation, significant development impacts are likely to be realized during the construction and production phases, including employment opportunities, tax revenues and foreign exchange contribution to the national economy, purchase of local goods and services and associated economic development.
Aluar Project Founded in 1970, Aluar Aluminio Argentino S.A.I.C. (Aluar or the Company) is the only primary aluminum producer and the main semi-manufactured aluminum producer in Argentina.  With an installed capacity of 410,000 tons per year (tpy) of primary aluminum, Aluars operations are mainly located in Puerto Madryn (Chubut Province), approximately 1,400 km south of Buenos Aires.  Aluar also owns two plants with installed capacity of over 30,000 tpy located in the Buenos Aires province focused on the production of rolled and extruded aluminum products.  The Company is undertaking a corporate capital expenditure plan for the expansion of its primary aluminum production capacity by 45,000 tpy to 455,000 tpy by 2011 (the Investment Program). The Companys Investment Program would:  (i) Continue to provide good employment opportunities, as Aluar is one of the largest employers in the region with over 2,200 staff in FY08.  The project implementation will involve contracting a peak of about 2,000 people, after which the permanent net employment generation is about 80 direct jobs and an estimated 300 indirectly; (ii) Generate additional exports to Argentina estimated to reach up to $130 million per annum, on top of Aluars exports of over $600 million in FY08; and (iii) Foster tax revenues to the government.
BIND CL Project The proposed project (the Project) consists of an up to US$55 million debt facility to Banco Industrial S.A.(the Bank or BIND) to finance small and medium enterprises (SMEs), to be structured in up to three consecutive commitments with a 12-month bullet repayment each: (i) one commitment for up to US$15 million (Loan #1) to be committed within 4 months of IFC Board Approval; (ii) another commitment for up to US$20 million (Loan #2) to be committed within 20 months of IFC Board Approval, only after full repayment of Loan #1; and (iii) a final commitment for up to US$20 million (Loan #3) to be committed within 36 months of IFC Board Approval, only after full repayment of Loan #2. The Project will support increased banking penetration and access to financial services for SMEs in Argentina, where the credit to gross domestic product ("GDP") ratio is below the regional average for Latin America and its peers. Increased access to finance for SMEs will lead to increased job creation in the country. SMEs in Argentina still lack adequate access to financing and the Project is expected to address this financing gap.
Patagonia Fund Summary Of Project Information (SPI)       Project Name    ARGENTINA - Patagonia Fund              Region    Latin America and the Caribbean        Sector       Project No008722   Projected Board DateFebruary 23, 1998   Company NamePatagonia Fund (Patagonia or the Fund)   Technical Partner and/or Major Shareholders    	The principal sponsor of the Fund is Merchant Bankers Asociados S.A.(MBA), a leading independent investment bank in Argentina, with activities in stock broking, corporate finance, asset management and securities trading.  IFC has been a shareholder in MBA since 1991, initially with 20% holding in its stock broking arm, MBA Bolsa.  In 1996, IFC converted its holding in MBA Bolsa to a 3% holding in MBA, S.A., the holding company of the group.  The other sponsor of the Fund is Electra Fleming Ltd, one of the leading managers of private equity in the U.K.  Also, for a period of one year, the investment rights on the deal flow from the joint efforts of Patagonia and the Darby group (a shareholder of MBA), will be evenly divided (50%-50%) between Patagonia and Darby.     Project Cost Including proposed IFC investment    	IFC will invest up to US$20 million in equity or up to 25% of the total commitments to the Fund and have a seat on the investment committee.  In addition, approval is sought for IFC management discretion to exercise co-investment rights for up to US$10 million to co-invest with the Fund, in selected portfolio companies.    Location of project and Description of site    	Argentina    Description of Company and Purpose of Project    	The project involves establishing the Patagonia Fund, a US$55 million private equity fund, plus the Darby Agreement mentioned above, for mid-sized Argentine companies.  IFC has been asked to support this new fund because of its experience in Argentina and because of its capacity to co-invest if required in specific investments.  IFC expects to play an important institution building role in this project through developing local Argentine expertise in private equity management, while channeling scarce capital to medium sized companies.    Environmental Category and Issues    	This is an environmental review category (FI) project.  The Patagonia Fund Manager will be required to carry out an environmental review of eligible investee companies operations.  In addition, IFC will assess the Patagonia Fund Managers capability to carry out environmental reviews.         Date SPI sent to PIC     January 23, 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
BACS Warehousing Credit Line II The proposed project consists of a new Warehousing Credit Line (WCL) of up to $25 million for BACS Banco de Credito y Securitizacion, S.A. (BACS or the Bank), to fund the origination and securitization of mortgages and mortgage-backed securities (MBS).  In conjunction with this project, IFC would also modify the FIDEX project (#20942), to re-orient the use of proceeds in a similar structure to that of the WCL.  The Fidex project was originally intended for securitization of trade receivables, but the client has requested the modification due to changing market dynamics.  Following the higher than expected 76% acceptance of the sovereign debt restructuring offer in February 2005, and in an environment of continued improvements in the Argentine economy, the mortgage market is beginning to re-emerge. The contemplated project would support BACS original business plan, which was curtailed by the Argentine crisis. The warehousing line would help BACS rebuild its business in line with the purpose that it was originally set up for, at a time when there is growing demand for mortgage products.  BACS was created in May 2000, with Banco Hipotecario, S.A. ("BH") as the main sponsor.  BACS was Argentina''s first secondary mortgage market securitization company.  As of December 31, 2004, BACS had $58.7 million in assets, $23.2 million in liabilities, and a relatively strong capital position (with a ratio of equity to total assets of 60%). As a result of the Argentine financial crisis, the bank registered losses in 2002 and 2003 totaling $12.7 million.  However, the bank returned to profitability in 2004, with net income of $2.8 million.
San Miguel Mobilization San Miguel runs a capital intensive business as citrus trees take an average of 5-7 years to reach maturity. The proposed 6-year A loan (US$5 million) & B loan (US$20 million) would allow San Miguel to maintain an adequate balance sheet structure by replacing loans due in the coming 2 years with longer maturities. The project would help to: (i) improve the debt structure of the Company by replacing financial debt maturing in the next two years with long term debt; (ii) assist the Company to continue its investment program in a frontier region in Argentina (province of Tucuman); (iii) support the final completion of an innovative waste water treatment designed to adress the specific and difficult effluent issue faced by San Miguel; (iv) provide economic benefits for Tucuman, a frontier region, and benefit local farmers, workers and affiliated enterprises; (v) maintain the financial flexibility of San Miguel in order to continue its South-South investments in Uruguay and South Africa.