devinitorg/iati-policy-markers huggingface dataset:
Atlantic Group Atlantic Grupa d.d. (the Atlantic or the Group), headquartered in Zagreb, Croatia, is a multinational company whose activities include the production, sale and distribution of fast moving consumer goods throughout the Balkans, Russia and Western Europe. The Group is a leading producer of food and personal care products as well as a leading distributor of consumer goods in South-Eastern Europe.  The Group also owns a private chain of pharmacies in Croatia.   The Project entails the refinancing of Group debt, including debt of its Serbian and Croatian subsidiaries, and is aimed at supporting the Groups balance sheet restructuring. The development impact of the project is expected to include:  (i) support to a Croatian company in its south-south investments in the region, including in Serbia, thus helping a new regional player in its expansion and regional integration;  (ii) through appropriate financial support, further improve the business sustainability of an important regional employer and agri-processing company involved in value-added production in a sector important to the region and particularly to the Serbian economy; (iii) generate tax revenues.
Soravia Multi-Country Commercial Development Project Soravia Real Estate Development GmbH (SRED or the company) is the recently formed, commercial real estate development arm of the Austria-based Soravia Group (the Group or the Sponsor).  The company identifies, evaluates, builds and sells real estate projects in Austria, Slovakia, Estonia, the Russian Federation, Romania, Bulgaria, Serbia, Macedonia and Albania. The companys intended buyers are third party real estate investment funds, although, on a selective basis, some properties may be sold, on an arms length basis, to Soravia Properties GmbH, the properties company within the Group.  The proposed project consists of an investment program to be implemented by SRED and comprises a series of commercial real estate development projects (sub-projects) located in Macedonia, Serbia, Romania, Bulgaria and Ukraine (the Target Markets). SREDs current pipeline includes 7 sub-projects in the Target Markets at an advanced stage (i.e., land has been purchased for each of these sub-projects) and 5 sub-projects are at an early stage (i.e., land has been identified but not purchase yet). The project will create value by developing real estate sites to better meet market demands for a mix of retail and business activities. It will focus on the countries of former Yugoslavia, primarily Serbia and Macedonia, as well as more remote areas/secondary cities in Romania and Bulgaria, where there are acute needs for such type of urban real estate developments. The project is expected to support these countries urban infrastructure development, thereby facilitating the growth of local and regional businesses. In addition to tax revenues to governments and new jobs creation, other development impacts include:   - providing essential and affordable infrastructure to local businesses;  - improvement in quality standards;  - demonstration effect to other international real estate companies; and  - increase in industry transparency.
Gorenje Project The Gorenje Group is the largest household appliance manufacturer in Southeast Europe and among the top 8 manufacturers of appliances in Europe. The Project involves (a) modernization, restructuring and expansion identified under the 2010-2013 strategic plan and (b) restructuring its debt maturing in 2010-2012. The IFC investment will help Gorenje continue its longstanding leadership, by helping it expand, modernize, and restructure its operations following the economic crisis. The investment will result in better product competitiveness through improved energy efficiency and innovation, enhanced high end product range,  improved labor productivity  and  job creation in South-East region. The Groups investment program will allow the transfer of first-class production methods and manufacturing practices including the development of local industry through linkages with network of local suppliers. The capital increase associated with the Project will reduce the government's influence and strengthen market-oriented behaviors. Moreover, the IFC investment will support the Groups growing focus on ecology and offer comprehensive waste management solution to regional clients.
GGF 2 Project The proposed project is an IFC investment of up to USD 66 million in A shares in the Green for Growth Fund (the Fund or GGF) which was launched in December 2009 and by year-end 2018 has reached total investment portfolio of EUR 463 million.  Promoted by KfW Entwicklungsbank (KfW) and European Investment Bank (EIB), GGF is a collective investment vehicle with unlimited life, providing financing to sustainable energy projects primarily through financial institutions (FIs), renewable energy projects (PF), energy service companies (ESCOs), and service and supply companies, collectively partner institutions (PIs) in Europe and its neighborhood. IFC has initially invested in the Fund in 2010.  Through this Project IFC aims to provide financing for the Fund to continue its increasing reach in catalyzing the development and capacity building in sustainable commercial lending market for energy efficiency and renewable energy investments in the target regions. i)	Project outcome: The most significant, expected Project-level outcome is increased access to climate mitigation finance, such as renewable energy, energy efficiency, and other green financing in the Fund's operational regions of ECA and MENA. The Project will also result in reducing carbon emissions and energy savings in energy intensive and highly polluted regions. 

ii)	Market creation: IFC anticipates that the Project will enhance integration among public and private investors in the green financing segment by demonstrating to the wider investor community that climate mitigation investments represent an attractive risk-reward profile for all parties.  IFC also anticipates that the investment will promote greater market sustainability through climate finance capacity building in ECA and MENA.
Launchub 2 Project The proposed project consists of an IFC equity commitment of up to 10 million in LAUNCHub Ventures Fund 2.0 (LAUNCHub 2.0 or the Fund), a Netherlands domiciled Venture Capital (VC) Fund. The Fund will invest in Seed to Series A technology startups in South Eastern Europe (SEE) focus region. A separate co-investment envelope of up to 10 million to invest alongside all Launchub managed funds will also be part of the project. Project Outcomes: 
-	Stakeholders: Improved access to early stage capital and increased ability for startups to scale. 

Contribution to Market Creation 
-	Competitiveness: The project is expected to increase competitive pressures within the region's VC market by demonstrating the viability of VC investments.
Green for Growth Fund The proposed project envisages an IFC investment of up to EUR25 million in the Green for Growth Fund, Southeast Europe SA SICAV-SIF (formerly known as the Southeast Europe Energy Efficiency Fund, SA SICAV-SIF) (the Fund) which has been launched in December 2009. Promoted by KfW Entwicklungsbank (KfW) and European Investment Bank (EIB), the Fund is a proposed EUR 400 million collective debt investment vehicle that will provide financing for on-lending to sustainable energy projects through financial institutions (FIs), energy service companies (ESCOs) and renewable energy/energy efficiency projects/companies and service and supply companies, collectively Partner Institutions (PIs) in the Southeast European Region. The project is expected to have a significant developmental impact in promoting energy efficiency and renewable energy and expanding lending to households, small and medium enterprises including ESCOs, municipalities and public sector entities in Southeast Europe and Turkey. Among key developmental impacts can be listed:     Broadening access to sustainable energy finance: The project will increase the availability, and therefore access to sustainable energy finance in the region, it will help to create new banking products that allow actors to make energy efficiency investments that will contribute to reduced local pollution, reduced energy bills, increased energy security and it will support climate change mitigation.   Demonstration effects of improved energy efficiency among sub-borrowers: The Project will demonstrate the benefits of energy conservation and promote the expansion of energy efficiency and renewable energy lending in the energy inefficient Western Balkan economies and Turkey. The project is also expected to transfer and build additional expertise related to sustainable energy investment among banks, particularly in the area of assessing the risk and creditworthiness of clients for energy efficiency loans.
7L Capital Partners Emerging Europe L.P. 7L Capital Partners Emerging Europe L.P. (7L Capital or the Fund) is a closed-end regional private equity fund with a target size of 100 million formed by 7L Capital Partners (EE) Ltd (7LCP or the Fund Manager), which will make equity and equity-related investments in companies located principally in the region of Emerging Europe (the Region), including Bulgaria, Greece, Romania, Turkey and the Former Yugoslavia.  The Funds primary objective is to achieve superior long-term capital appreciation through majority or control stakes in a portfolio of commercial and industrial companies.  Target industries will include branded goods and services, communications, technology and applications.
WCS COVID ProCredit Holding The Project consists of a senior loan of up to US$100 million to ProCredit Holding (PCH or ProCredit) for a tenor of one-year, renewable for an additional one-year. The loan to PCH would be under World Bank Group Fast Track COVID-19 Facility, in particular IFCs Financial Institutions Response Envelope.  The Project would provide funding to PCH to be channeled to some of its banking subsidiaries in emerging markets that will then extend new trade-related or working capital loans to small and medium enterprises (SMEs) whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. Many SMEs in developing countries are experiencing strained cash flows, lower profit margins and balance sheet constraint, and are in need of working capital liquidity as short-term bridge financing. By supporting its clients' capacity to sustain operations during this shock, IFC supports the private sector in the economic recovery process, shortening the time for the most vulnerable to return to their traditional income-earning opportunities.
South-East Europe Food Retail IFC is supporting expansion of organized food retail in the lower-income consumer segments in Albania, Bosnia and Herzegovina, Kosovo, Montenegro and North Macedonia (the Target Balkan Countries) and addressing investment needs in the food retail sector in Romania and Moldova (the Project). The Project will enhance access to quality affordable food in the Target Balkan Countries, create jobs, including for vulnerable population and Ukrainian migrants, and contribute to strengthening the food supply chain in all project countries. The Project will also promote market competitiveness in the Target Balkan Countries by increasing penetration of modern retail and by demonstrating higher performance standards for energy efficiency in new stores and warehouses built as part of the Project.
SCV Fund III IFC is considering an investment of up to 10 million in South Central Ventures Technology Fund III (the Fund), a 70 million venture capital fund investing in early-stage startups in Western Balkans. Project level outcomes are delivered through increased access to early-stage equity and operational value add for technology companies, primarily in the SEE region (mainly Serbia, Croatia, Slovenia, North Macedonia and other West Balkan countries). The fund will provide access to equity and value-creation for investees by helping them raise follow-on capital, introducing experts into portfolio companies to accelerate growth and leveraging their networks and relationships to enable scale.

Market creation is delivered through increased competitiveness of the venture capital market in SEE and through increased disruption of key markets with the support of market-disrupting digital business models. The  VC funds market in the SEE region, and in particular the Funds target countries, is notably underdeveloped. SCV remains the only VC fund that has maintained presence and invested consistently in some of these countries over the past 10 years. IFC anticipates the Fund will send a signal to improve market competitiveness by demonstrating the viability of early-stage venture capital in the region. Furthermore, the Fund supports investees that develop tech-led innovative solutions to disrupt various real sector business models. IFC expects this will increase digitization and automation across some real sectors in the region.
Schwarz Group II The Schwarz Group (the Group) is involved in discount food retail through two brands; Lidl (store format) and Kaufland (hypermarket format).  The Group operates in more than 25 countries including Germany, France, Italy, Belgium, Ireland, UK, Slovakia, Finland, Hungary, Sweden, Croatia etc.  The core strategy of the Group is to have a country-wide presence in the countries it operates in with a special focus on remote and second-tier cities. The Group recently expanded its Kaufland operations in Bulgaria and Romania by opening new hypermarkets (the Project).  The Group has approached IFC to secure long-term loans to finance the recent and future store expansion of Kaufland in Bulgaria and Romania. Increased Competition and Improvements in Living Standards: 

The expansionary strategy of the Group will contribute to raising the real standard of living of a large portion of the population mostly in the secondary cities and remote areas in the target countries.  The Groups presence as a discount retailer in these areas is expected to stimulate competition in the sector and provide lower income consumers with a retail option. 

Strong Linkages with Local Suppliers and Local Community: 

As the Group sources a majority of its products locally, both project companies will help strengthen linkages with local suppliers, contributing to the increased development and efficiency of the supply chain.  In addition, the Group will create permanent jobs as well as a large number of indirect jobs in purchasing, technology, transportation and logistics sectors.
Poteza Project The Poteza Fund is a closed-end private equity fund formed to make equity and equity-related investments, through majority or controlling stakes, in companies based in southeastern Europe (the Region).  Bosnia-Herzegovina, Croatia, Serbia, and Slovenia are the primary target countries for investment.  In addition, up to 20% of the funds capital may be invested in Montenegro, FYR Macedonia, Bulgaria, and Romania.

The objective of the fund is to achieve capital appreciation through active management of a diversified portfolio of companies with high growth potential in the Region.  An average investment size of 5 million is expected.
PCH Green Bond The Project consists of a US$90 million investment in two green bonds to be issued by ProCredit. Proceeds of the bonds will be used for green financing activities that focus on energy efficiency, renewable energy, and environmentally-friendly measures, thereby supporting the transition from high-carbon to low-carbon economies in the ProCredit Groups countries of operation. These countries are invariably characterized by elevated levels of energy intensity, high pollution levels, and an energy mix dominated by fossil fuels. The Project will increase access to climate finance for SMEs in the ProCredit group's countries of operation and support the transition of the countries in the regions in which PCH operates from high to low carbon economies.

Environmental impact - The project will provide financing mainly for energy efficient measures, renewable energy and other environmentally friendly measures
EFSE MSME Project The proposed project is an investment of US$40.3 million in the European Fund for Southeast Europe (EFSE or the Fund). EFSE is a collective debt investment vehicle that channels long term resources for on-lending to micro and small businesses and private households through banks and microfinance institutions in Europe and Central Asia (ECA).   The Fund has expanded beyond its initial target countries currently serving 66 partner institutions in 14 countries and disbursed a cumulative EUR7.6 billion to over 1 million enterprises and households as of December-end 2019.  The project will help bridge the micro, small and medium enterprises (MSME) gap in ECA and shore up access to finance for MSMEs and low-income housing loans. Stakeholders' effect (Access to MSME finance): The most significant, expected Stakeholders' effect is increased access to MSME finance through long-term lending to banks and microfinance institutions. Since inception, the Fund has generated, via on lending by the financial intermediaries funded, more than 1 million sub-loans totaling EUR7.6 billion. This has directly contributed to the lessening of the MSME finance gap in the region, which remains underserved by local banks or any other alternative sources of capital. 

Market creation (Integration): IFC anticipates that the Project will enhance connectivity and integration among public and private investors by demonstrating to the wider investor community that the MSME segment poses bankable investment opportunities representing an attractive risk-reward profile.

Market creation (Inclusiveness): IFC anticipates that the Project can foster greater inclusiveness in the market through expanding microfinance and banking services, through efficient underwriting, use of fintech, responsible finance practices, and innovation to reach underserved segments.
Euromedic II The Euromedic group of companies, a leading provider of diagnostic imaging and hemodialysis services in Central, Eastern and Southern Europe and an existing IFC client is undertaking further expansion in the region.   An estimated $23 million project is designed to expand the existing network of Euromedics diagnostic and hemodialysis centers in Poland, Hungary, Romania and Bosnia (which was partially financed by the first IFC loan) and to establish similar operations in other countries in the region. Most existing centers are certified to the ISO 9002 quality management system international standard, and new centers are in the process of becoming certified. Each center has (or will have) established policies and procedures related to patient and employee health and safety and waste management.    Through the project, Euromedic is extending high quality private healthcare to large and diverse portions of local population thus improving both access to and equity of services. The diagnostic centers are expected to speed the delivery of high quality imaging that will enable faster and more accurate treatment of patients. Euromedic hemodialysis centers have the potential to save the lives of hundreds of patients who would die within weeks of developing end stage renal disease (ESRD) without access to treatment. In addition, by improving the quality of dialysis care, Euromedic will contribute to cost savings due to reduced annual hospitalization and shorter length of annual disability of ESRD patients.
European Microfinance Fund for Southeast Europe The proposed project involves the creation of a Euro 500 million collective debt investment vehicle, named The European Microfinance Fund for Southeast Europe (EFSE, or the company), which will make investments in microfinance institutions in the Southeast Europe region. EFSE aims to attract investments from multilateral, bilateral, as well as private institutional investors, via multiple closings. The promoter of this project is KfW. The purpose of the project is to provide development finance in the Southeast Europe region through the local financial institutions, focusing on the credit needs of micro and small businesses and private households. The company presents a unique opportunity to create a public-private partnership which leverages private capital and supports the economic growth and job creation in the region. In parallel with the creation of the company, a Development Facility will be established to provide technical assistance to the investee institutions assisting them in their development and growth. The management company will be Oppenheim Pramerica, a prime asset management firm, in consortium with microfinance specialist advisor, Bankakademie.
GTLP II ECA -Intesa The proposed project involves an unfunded risk participation in which IFC with support from development finance institutions (DFIs), bilateral and multilateral organizations, and governments and government/development agencies (collectively the Program Partners) will provide  risk participation of up to $240 million to Intesa Sanpaolo S.p.A. (Intesa Sanpaolo or the Bank) for a portfolio of trade transactions originated by issuing banks in emerging markets  (EMIBs) located primarily in Europe and Central Asia.  The project seeks to provide Intesa Sanpaolo with credit risk mitigation to allow it to continue to expand its emerging markets trade finance portfolio, while simultaneously supporting EMIBs that have been adversely affected by the financial and economic crisis.  Program Partners will likely include the Swedish International Development Cooperation Agency (SIDA) and the OPEC Fund for International Development (OFID).   The proposed project is a second phase of IFCs multi-faceted Global Trade Liquidity Program (GTLP), which was developed as a crisis response.  The GTLP-Guarantee is an unfunded, portfolio-based, trade-focused program with mobilization from development finance institutions and governments to extend portfolio-based guarantees for trade finance to reach under-served clients globally. The projects development impact is expected to be in three main areas:  1.  Provide emerging market banks continued access to trade credit in regions significantly impacted by the crisis such as Southern, Central, and Eastern Europe and Central Asia, as well as issuing banks in sub-Saharan Africa and other regions; 2.  Maintain access to credit for the underlying importers/exporters, critical drivers of GDP growth; and 3.  Increase Intesa Sanpaolos exposure to IDA countries.