devinitorg/iati-policy-markers huggingface dataset:
RAEF Facility The project involves a $3 million credit line to Romanian-American Enterprise Fund (RAEF) for on-lending to three non-governmental organization-led micro loan programs. These sub-borrowers are Credit, Assistance and Business training (CAPA), Cooperative Housing Foundation (CHF) and Opportunity Microcredit Romania, S.A. (OMRO).  RAEF works with these three partners because each serves a different part of Romania, thereby allowing the benefits of micro credit to be spread to the widest number of micro-enterprise  recipients.
DCM B3T2 BT IFC is considering an investment of up to EUR100 million in a privately placed subordinated bond CRR compliant  (B3T2) of Banca Transilvania S.A. (BT or the Bank), the largest bank in Romania and IFCs long-time partner, which will be listed on the Bucharest Stock Exchange (the Bond). The Bond will undergo closed subscription and be subscribed by IFC and investors mobilized by IFC. The IFC use of proceeds is residential mortgages, with at least 80% earmarked to green mortgages (the Project). The Projects development impact is achieved by:
(i)increasing access to housing finance, by supporting a leading bank to grow its mortgage portfolio;
(ii)supporting households in building or purchasing properties in green-certified buildings; 
(iii)supporting a sustainable mortgage market, by catalyzing the adoption of green mortgage lending standards, through demonstration and replication channels.
Transport Trade Services Transport Trade Services S.A. (TTS or the company), its shipping subsidiary CNFR Navrom Galati S.A. (Navrom), its other subsidiaries and affiliates (the Group) are leading providers of freight forwarding, river shipping and integrated logistics services in Romania.   TTS was founded in 1997 and its core operations entail the provision of shipping and handling (river, rail and sea) services to top tier Romanian and multinational clients.    The Group is currently undertaking a $25 million capital investment program consisting of:   -  upgrading of engines and propulsion systems for twelve pushers;  -  building a grain storage and handling terminal in Constanta; and  -  refinancing the purchase of a 25 ton second hand floating crane.    The project will improve TTS logistics infrastructure and asset quality, strengthen its product offering and enhance the modular nature of its services.  The investment program will also improve the Groups efficiency, enhance reliability, allow it to service more clients and reduce operating costs.
Transilvaniabank The project consists of up to $34 million in loans to Banca Transilvania (BT, the company or the bank), a regional bank headquartered in Cluj, Romania.  Through this financing IFC will assist the bank in expanding its mortgage lending operations and reaching its growth objectives by using the best practice underwriting policies and procedures.  The project will also encourage competition among the local banks engaged in mortgage lending and increase clients access to longer term financing, making the home ownership more affordable.     Housing finance is a relatively new, but a fast growing banking sector in Romania, whose potential is limited by the availability of long term bank funding.  Over the last decade, low quality of the existing housing stock, general housing deficit, and low housing affordability translated into a high demand for mortgage products.  With the recent appearance of longer tenor financing, this pent-up demand led to a steep increase in mortgage lending in Romania.  Starting from a low $100 million sector wide mortgage portfolio in the end 2002 it is expected to surpass $1 billion by 2005.      The bank started extended housing loans in 2002 and continued with mortgage loans in 2003.  BT has been an active participant in the mortgage lending, holding about 12% market share and having about half of its mortgage portfolio in the Transilvania region.  The banks objective is to double the size of its mortgage portfolio by the end of 2004 and to this end BT requires more term funds.  With the term of up to 10 years, the IFCs financing package would allow Banca Transilvania to increase the tenors of its mortgage offering for up to 15 years.
Finans Romania The proposed transaction consists of a 7-year loan to Finansbank Romania (the Bank or FB), a fully controlled subsidiary of a former IFC client, Finansbank A.S. Turkey, for up to EUR20 million. The objective of this transaction is to enable the Bank to access long term financing to fund its expansion in the growing sectors of the Romanian economy in particular SMEs.  FB was a result of the acquisition of Banca de Credit Industrial si Comercial SA in Romania in 2000. It is a small dynamic bank with 1% market share in terms of total assets. Finansbank Romania is providing a wide range of SME, corporate and retail banking services. 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; - strengthening the Banks balance sheet, improving its asset liability management and enabling the Bank to expand its financial intermediation capacity.   This project is expected to have a high development impact impacting SMEs. The bank is focusing its lending activity on the SME sector. This is a strategic sector to IFC in Romania which is still under-serviced and is one of the most dynamic sectors of the economy. The project is expected to improve SME access to finance by meeting critical capital investment needs and supporting their growth, and will have a demonstration effect by encouraging other financial institutions to increase lending activities to the underserved segment.
BCR Agribusiness The proposed project consists of a EUR50 million unsecured 5 years senior loan to Banca Comerciala Romana S.A. (BCR or the Bank), for on-lending to farmers and agribusiness companies engaged in primary agriculture and agricultural products processing in Romania (the Project). In the current international difficult financial context, this senior loan facility would provide the Bank with term funding to enhance access to finance for agribusiness enabling this underserved sector to undertake strategic capital investments thereby contributing to economic stability and job creation.
GLR-Climate Loan The proposed investment consists of a senior unsecured loan of up to EUR20 million (equivalent to US$21.35 million) for IFCs own account to Garanti BBVA Leasing Romania (GLR or the Company) registered as Motoractive IFN SA, one of the top 10 leasing companies in Romania. The loan will have a tenor of 5 years and 1 year grace period and will be disbursed in EUR. The loan proceeds are earmarked for financing eligible small and medium enterprises in Romania (SMEs) with at least 80% on-lent to climate related projects and 25% targeted to Women-owned SMEs. The Project is expected to improve access to climate finance for SMEs and increase access to finance for women-owned enterprises in Romania. Beyond the project-level outcome, IFC anticipates that by growing the climate loan portfolio, the Project will contribute to a programmatic approach to promote greater competitiveness in the climate finance market in Romania via demonstration and replication channels.
Botosani Heating IFC is considering a loan in the amount of up to RON 34 million (approx. US$ 10 million equivalent) for co-financing a district heating and energy efficiency rehabilitation program in the city of Botosani, north eastern Romania. The program consists of two phases. The first phase  also supported by the EU- includes the construction of a new gas-fired CHP station (installation of two gas engines 4MWe each and two heat-only boilers 52 MWth each) and the rehabilitation of 6.5 km of transport and 14.3 km of distribution network. The second phase comprises the rehabilitation of additional 3.7 km of distribution network as well as Energy Efficiency improvements in selected residential buildings in Botosani and other related investments. The district heating system rehabilitation in Botosani is expected to lead to energy savings of more than 3.4TWh and a reduction of CO2 emissions by over 684.1 ktons of CO2e over the lifetime of the project.
BT SNP Blue Loan The proposed project is to provide a seven-year senior non-preferred (SNP) loan of up to EUR100 million equivalent to Banca Transilvania S.A. (BT or the Bank), to be disbursed in EUR or RON. The loan will comply with the EUs Bank Resolution and Recovery Directive (BRRD), helping the Bank to achieve its regulatory MREL (Minimum Requirement for Own Funds) targets. The proceeds from IFCs investment will be on-lent to eligible MSMEs in Romania and used for financing eligible blue projects in the country in line with IFCs Guidelines for Blue Finance, including sustainable manufacturing, tourism, fishing; water treatment and management; sustainable agriculture irrigation practices; and other sectors that would contribute to sustainable use of water resources for economic growth. The project is expected to:
i) Help the country achieve its climate change mitigation targets by providing the first blue financing loan in the country and the region. Entire proceeds of IFC's loan will be used for financing eligible blue projects in Romania in line with IFC's Guidelines for Blue Finance. 
ii) Promote the blue finance concept in the market, eventually prompting other systemic banks to follow on with their own blue finance transactions, thus increasing the blue financing available in the country. 
iii) Enhance the resilience of Romanian banking sector by supporting the first MREL debt of the largest bank in the country. The proposed project is part of IFC's program to promote capital market deepening and financial sector resilience in Romania.
DCM RBRO GREEN MREL BOND The proposed project is to invest up to US$160 million equivalent (in RON and/or EUR) for IFCs own account in Minimum Requirement for Own Funds and Eligible Liabilities (MREL) eligible bonds (senior preferred, SP, and senior non-preferred, SNP) with up to 7 years tenor to be issued by Raiffeisen Bank S.A. (RBRO or the Bank), in line with its funding plan. It is expected that these bonds will be issued under RBRO's green bond framework and will be the first green bonds issued by a financial institution in the country, with use of proceeds earmarked for climate finance, including green mortgages and buildings, energy efficiency, renewable energy, sustainable agri-finance, and clean transport. The project is expected to:

i) Help the country achieve its climate change mitigation targets by supporting the first green bond issuance by a financial institution in the country. The entire proceeds from the bond issuance will be used for financing eligible climate finance projects in Romania.
ii) Support the development of capital markets in the country by deepening and diversifying Romania's corporate bond market. Successful issuance of MREL-eligible bonds is expected to encourage other banks, as well as investors, and help develop the market for MREL instruments.
iii) Increase the resilience of the Romanian banking sector by supporting a systemic bank and helping it achieve its MREL-targets.
BT B3T2 Bond 0  0  0  0  0  0  0  0  0.0000       The proposed project involves an IFC investment   of up to EUR1  2  0 million  , approximately equivalent to US$146 million,   in   a Basel III compliant subordinated bond to be issued by Banca   Transilvania     S.A.   (BT   or the Bank  ) as Tier 2 capital   in order to   strengthen and diversify   BT  s capital base (the Project). (i) Increasing competitiveness by support regional SME champion with active consolidation strategy;
(ii) Significant market creation effect through the issuance of the first bond of this type in Romania, helping set the standards for future issuances;
(iii) Increased access to finance for local SMEs, especially operating in less developed regions of the country.
Garanti Lease RO2 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; }      Motoractive IFN S.A. (Garanti Leasing, or the Company) is the eighth largest leasing company in Romania with an estimated market share of 4.6 percent as at December 2016.      It was established as Motoractive IFN S.A. in 1998 and in 2006 was acquired by GE Money. Turkiye Garanti Bankasi became the largest indirect shareholder of the Company in 2010, and rebranded it to Garanti Leasing Romania in 2011. Garanti Leasing employs 72 fulltime staff in Romania and has eight offices in the country.      The proposed project is a senior loan of up to EUR5.5 million to Garanti Leasing, for on-lending to women-controlled small and medium enterprises (SMEs). The proposed investment is consistent with IFCs strategy in Romania and would help a good existing IFC client to expand its SME reach with focus on women owned businesses, moreover, it would strengthen the relationship with Garanti group. The main objectives of the project are to (i) help respond to the critical term funding gap for SMEs as Garanti Leasing's customer base is predominantly SME's; (ii) alleviate the difficulty of SMEs in accessing bank financing by using asset-secured lease finance; and, (iii) generate employment through resultant growth of SMEs and investment in productive assets, with a focus on women owned SMEs.
Raiffeisen Bank Romania Bond The proposed project consists of an IFC senior debt investment of up to RON100 million in a bond to be issued by Raiffeisen Bank S.A. (RBRO, or the Bank). IFC has no other exposure to the Bank. RBRO is the sixth largest bank in Romania with total assets of EUR5.7 billion, equity of EUR658 million, and net income of EUR86 million as of the end of September 2013.  With 7.2% market share, a national network of 527 branches for approximately 2 million clients, RBRO remained profitable throughout the financial crisis.  RBRO offers a wide range of banking services with a nationwide presence and has a history of about 20 years on the local market. Raiffeisen groups presence in Romania started in 1994 with a representative office, and in 1998 started to operate as a fully operational subsidiary focused on corporate banking. In 2001, the Raiffeisen group acquired Banca Agricola and in 2002 the acquired bank was merged with the RZB subsidiary in Romania. 1.	Demonstrate the ability of a Romanian bank to attract long-term funding from local and international investors in difficult financial times. IFC''s investment in RBRO in an environment of economic and political volatility is expected to boost investor confidence in the Romanian banking sector.  2.	Allow the Bank to become less dependent on funding from its parent, and re-create a local funding mechanism that allows the Bank to grow its lending operations in local currency. Without IFC''s investment, the Bank''s lending operations might be constrained, and the access of the financial sector to capital market as a source of local currency funding might be delayed/ reduced. 3.	This investment is expected to be a catalyst for other bond issues to follow.
BCR Project The project consists of a senior loan of up to EUR75 million to Banca Comerciala Romana SA (BCR or the bank). The Loan will be used to support the Banks long-term funding activities and prudently manage its balance sheet by enabling it to address maturity mismatches between long-term currency assets and short-term currency liabilities, and release the necessary funding to support the growth and expansion of Romanian private sector entities.    The proposed loan is being processed in parallel with BCRs on-going privatization which is expected to be completed by the end of FY 2005.  BCR was incorporated in 1990 as a spin-off of the National Bank of Romania, which carried out the majority of banking activities in Romania during the former communist regime. Five newly-established state-owned banks were created according to customer profile, similar to other bank restructurings in former communist regime countries. The clients transferred to BCR comprised mainly the countrys largest state-owned industrial companies. Over the last decade, however, the Banks customer base has moved away from the state-owned corporate sector to private enterprises and individuals.  BCR is the largest bank in Romania in terms of assets (US$9.2 billion as of June 30, 2005) and customer base (5 million clients). It operates as a full-fledged commercial bank, with a focus on expanding its business with small and medium-sized enterprises. As at the end of March 2005, the Banks market share accounted for 26% of banking assets.
Smithfield Roman IFC is considering a $60 million investment to be allocated to Smithfield Romania (SFR or the Company) and its subsidiaries, Smithfield Ferme (Ferme) and Smithfield Prod (Prod).  SFR, a wholly owned subsidiary of Smithfield Foods, is the largest hog producer and fresh pork processor in Romania, producing about 1 million pigs in 2013. SFR, which sells its fresh pork meat and semi processed pork meat under the Comtim brand, controls about 54 farms and a modern pork meat processing plant. SFRs operations are fully integrated from hog production to meat processing.  IFCs funds will go towards the restructuring of SFRs loans to facilitate long-term financing, optimize its capital structure, and support SFRs growth plans to expand its farms and processing facilities in Romania. The proposed investment is expected to have the following developmental impacts: (1) Demonstration effect: IFC will support an efficient producer with solid track record to expand high international standards of livestock production and animal welfare practices to other pork producers; (2) Increased reach to farmers through the Company''s planned addition of contracted farms, critical in a country where the economy relies on agriculture; (3) Improved food safety through implementation of highest food safety and E&S standards; and (4) Job creation and increased tax income for the government as a result of growth of operations and enhanced profitability.
BOP Patria MSME Loan The project entails an up to EUR20 million, up to 5-year with 1-year grace senior loan for IFCs own account, under the COVID-19 Base of the Pyramid Program, to Patria Bank SA (Patria or the Bank), a publicly listed commercial bank on the Bucharest Stock Exchange. IFCs loan will be used to increase access to finance for micro, small and medium enterprises (MSMEs) in Romania with 50 percent of proceeds earmarked to women-owned SMEs (WSMEs).  The Project is expected to be supported by WEOF and We-Fi in the form of a performance-based incentive (PBI) of up to US$0.112 million (equivalent to up to 0.56% of the total project cost of EUR 20 million) to incentivize on-lending to underserved WSMEs and WVSEs in Romania. The estimated subsidy to be provided by WEOF and We-Fi assumes that the Project will fully reach the agreed impact and shall only be paid out upon achievement of the pre-defined gender targets.   WEOF is an initiative which IFC is undertaking in partnership with the Goldman Sachs Foundation to help expand access to capital for women entrepreneurs in developing countries and demonstrate the commercial viability of investing in women and We-Fi is a multi-donor initiative to address barriers to financial access and provide related services that address public and private-sector constraints to women entrepreneurs and women-led SMEs across the world, thereby promoting jobs and boosting economic growth. As is the case with all of IFCs blended concessional finance co-investments, this project has been assessed against the Enhanced Blended Concessional Finance Principles for DFI Private Sector Operations adopted by IFC and more than 20 other DFIs in 2017.  Further information on these Enhanced Principles, IFCs blended finance approach and governance and details and historical information on estimated subsidy levels in IFCs blended finance portfolio can be found at:   www.ifc.org/blendedfinance . IFC is open to engaging further with financial institutions and consider structures similar to the one proposed in this investment with the support of blended finance when appropriate. Development Impact:
(i)	Project Impact Assessment: The Project aims to increase access to finance to MSMEs, including WSMEs, in Romania.
(ii)	Market Impact Assessment: The Project aims to support resilience amongst MSMEs finance providers, catalyzing investments in the sector, by demonstrating the viability of lending to these providers. The Project is expected to deepen inclusiveness in Romania by supporting lending to WSMEs through demonstration and replication channels.
DCM Alpha Rom The proposed project consists of an investment of up to EUR50 million in an issuance of mortgage covered bonds by Alpha Bank Romania S.A. (ABR or the Bank). IFCs investment will be used to support on-lending to residential mortgage borrowers in Romania. The bonds are expected to be listed in Luxembourg and Bucharest and total expected issuance amount is EUR200 million.  The Bank was established in 1993 and now is the eighth largest bank in the country, with total assets of EUR3.3 billion and equity of EUR367 million as of the end of June 2018. ABR is a universal bank, with a market share of 3.6% by total assets and 7.2% for mortgage loans. It currently employs approximately 2,000 staff and has a national network of 130 branches in Romania. Market Impact: IFC anticipates that the Project will support development of the Romanian mortgage market and capital markets development in issuance of a new covered bond instrument.
Project Impact: Romania's mortgage market is the smallest in relative terms in the EU at less than 10% of GDP, and the Project is expected to directly support end customers through new supply of mortgage loans.