devinitorg/iati-policy-markers huggingface dataset:
SFCL WMSME Project p.cls-Normal {
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         The project comprises of a senior loan of up to US$ 15 million to Senkadagala Finance PLC (SFCL), a licensed finance company in Sri Lanka and an IFC client since 2014. This will be IFCs first intervention in Sri Lanka targeted exclusively at women entrepreneurs to increase female participation in the economy. The 5-year senior loan will support SFCLs lending to women entrepreneurs (micro and SME customers) and the expansion of its branch network in tier II cities in Sri Lanka. Further this would be the first local currency funding by IFC in Sri Lanka. DEVELOPMENT IMPACT - PROJECT OUTCOMES:

Stakeholders: The project will create better access to finance for around 20,000 women MSME customers at an affordable rate. This Project is expected to directly fund c. 2,500 WMSMEs. Over the next 5 years, SFCL is projected to provide in total 20,000 facilities to WOEs totaling c. USD 160 million (LKR 25 billion). The project will also support SFCL to increase its branch network over the next 5 years. The new branches will be established mainly in rural regions, where access to finance for MSME's are a challenge.
Economy-wide effects: The combined economic activity would result in an increase in tax revenue to the state at a time where the fiscal position is under stress due to high debt servicing cost. Further SenFin's branch expansion would create around 250 new financial sector jobs in rural regions. In addition, based on IFC Jobs Study, Sri Lanka (2012), an est.1,500-4,650 new direct jobs will be created by this project at the WMSME level. In addition, there will be indirect job creation, which cannot be quantified.

DEVELOPMENT IMPACT - CONTRIBUTION TO MARKET CREATION:

Competitiveness: The credit gap for women entrepreneurs in Sri Lanka is estimated at USD 350 million. This project is likely to incentivise Banks and other NBFI's to launch funding programs targeted at women. The availability of credit, would enable  WMSME's to compete and be a part of local/global value chains and grow their businesses by accessing domestic and foreign markets, which are not currently accessible.
Nations Trust Bank (formely Deshiya Bank/John Keels Holding Bank) Summary Of Project Information (SPI)       Project Name    Sri Lanka-Deshiya Bank            Region    Asia        Sector       Project No009293   Projected Board DateJanuary 28, 1999   Company NameDeshiya Bank   Technical Partner and/or Major Shareholders    	John Keells Holdings Limited  and Central Finance Co. Ltd.  of Sri Lanka, the two sponsors, are well-established, publicly listed companies with a wide shareholders base.     Project Cost Including proposed IFC investment    	The bank will have a capital of Sri Lankan Rupees 500 million (approx US$7.35 million). IFC''s proposed investment is 15% of the capital.    Location of project and Description of site    	Colombo, Sri Lanka      Description of Company and Purpose of Project    	IFC has been invited to invest up to a 15% equity stake in a new private sector commercial bank in Sri Lanka to be called Deshiya Bank.  The Bank is sponsored by two strong groups, John Keells Holdings  and Central Finance which will hold 25% and 20% respectively, the balance will be offered to select institutional investors through a private placement. Through this project IFC will help to establish and develop a strong private sector commercial bank in Sri Lanka. The countrys banking sector is dominated by two state banks which account for 60% of total commercial bank assets.   The presence of an efficient private sector commercial bank is expected to increase competition and to stimulate greater efficiency, innovation and growth in Sri Lankas banking sector    Environmental Category and Issues    	This is a category FI Tier 1 project according to IFCs environmental review procedure.  The Bank must attend IFCs workshops on environmental management; implement an environmental management system for relevant operations to ensure that investments comply with host country requirements; and submit an annual environmental performance report briefly describing the performance of the environmental management system.        Date SPI sent to InfoShop     December 18, 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
PADGO RISK SHARE The project supports the CES managed PADGO (Portfolio Approach to Distributed Generation Opportunities) project with a risk sharing facility (RSF) to assist local banks increase their exposures to renewable energy (RE) projects. PADGOs objective is to improve access to cleaner and more reliable sources of energy for underserved populations and is currently piloted in Sri Lanka. The initial phase of the project would help Commercial Bank of Ceylon (CBCL or the Bank) to: 

- free up capital for funding new RE projects, and 
- consider loans for RE projects involving technologies new to Sri Lanka (including wind projects). 

In addition to the investment project, there is intended to be a comprehensive technical assistance program to support the objectives of the project, which will be focused on the RE sector and participating financial institutions. - Support the construction of additional approximately renewable energy in Sri Lanka, including in newer technologies such as wind and biomass;
- Assist SMEs who typically implement renewable energy projects in Sri Lanka; 
- Help contribute to reducing the reliance on expensive electricity generated from imported oil; and
- Help generate global benefits in the form of greenhouse gas emissions reduction.
WCS COVID CBC The proposed investment comprises of a one-year (renewable up to two years) Working Capital Solutions (WCS) loan of US$50 million to Commercial Bank of Ceylon (CBC or the Bank) under the IFC COVID 19 Emergency Response WCS Envelope (WCS FIGE), which seeks to provide private sector-focused support to help alleviate the financing needs of companies in affected countries to maintain trade flows, stabilize the economy, support employment, and restore supplies of key goods and services. By supporting clients' capacity to sustain operations during an acute shock, IFC best positions the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities. The impact also comes from IFC's ability to respond promptly and sustained availability of output in time of crisis.
CBC Equity & Gender DPR The proposed project entails an equity investment through a private placement to IFC and IFC Asset Management Company (AMC) of up to US$50 million in the form of new common shares in  Commercial Bank of Ceylon PLC (CBC or the Bank).  CBC is the largest and leading private sector commercial bank in Sri Lanka. The Bank has over 260 branches and 800 ATMs across Sri Lanka; and a customer base of over 3.5 million. CBC expanded its operations to Bangladesh in 2003, where it currently operates 19 branches and 20 ATMs, serving mainly the corporate segment. The Bank incorporated a joint-venture in Maldives in 2016, established a microfinance subsidiary in Myanmar in 2018 and has an Italian subsidiary focused on providing remittance services. Stakeholder Effects: The project is expected to contribute positively to job creation by improving access to finance for SMEs, particularly in semi-urban areas, which will be accompanied by an advisory services program.
Dialog 2021 Dialog Axiata PLC (Dialog, or the Company) is Sri Lankas leading mobile network operator and is listed on the Colombo Stock Exchange. Dialog operates primarily within Sri Lanka and has offerings in mobile & fixed telephony, broadband, satellite television, infrastructure services and other digital services. As of 2021, Dialog had a total of 17.7 million mobile subscribers (representing approximately 51% market share) and has achieved a 4G mobile population coverage of 95% and a 4G fixed broadband population coverage of 71%.      Dialog has been proactively expanding its 4G mobile and fixed broadband capacities over the past years. IFCs A Loan, in combination with Dialogs operational cash flows and existing cash balances are expected to meet Dialogs funding needs for the next two years, comprising both capital costs of upgrades to Dialogs core network, 4G coverage and capacity expansion, and spectrum acquisition, as well as refinancing of Dialogs US dollar loans maturing in 2022 and 2023. i.	Increased uptake of quality broadband connectivity through densification and coverage of high-speed broadband networks in Sri Lanka, in a context of a macroeconomic downturn with high inflation potentially affecting consumers purchasing power, and against the background of gaps in quality of connectivity compared to other emerging markets. 

ii.	Maintaining the competitiveness of the market for broadband connectivity in Sri Lanka, which remains underdeveloped, by reinforcing competitive pressure on other telecom operators to accelerate their network upgrade.
Dialog II Project The $676 million project consists of the nationwide expansion and upgrade of Dialog Telekoms (Dialog or the company) GSM network in Sri Lanka as well as expansion of its business into broadband and pay TV services.  Dialog Telekom is currently majority owned by TM International Sdn. Bhd. TM International Sdn. Bhd is a fully owned subsidiary of Telekom Malaysia Berhad (TM or the sponsor), which is the ultimate parent company of Dialog Telekom.  In September 1993, Dialog was awarded a 20-year license to provide cellular telecommunications services as the result of a standard transparent application and award process by the Government of Sri Lanka (GoSL). The telecommunications market in Sri Lanka has been growing in recent years, but the country still has a relatively low combined mobile and fixed penetration rate of about 35%.  The project will have significant development impact by modernizing and expanding the telecommunications services in Sri Lanka.

The project is expected to have the following specific development impacts:

- Achieve 100% population coverage by 2008 (current level of population coverage is 90%);
- Promote the economic development of the poorest and most remote areas of Sri Lanka, which currently have poor connectivity;
- Maintain the existing subscriber acquisition momentum;
- Expand broadband penetration which is now less than 1%;
- Offer satellite TV service to 100% of the population, bringing news and information to areas previously without any TV service.
Cargills Foods Company (Private) Limited Cargills Foods Company (Private) Limited (CFPL / Company) plans to raise upto US$20 million from IFC through a primary purchase of shares of CFPL. In addition to capitalizing the Company, the proceeds are expected to be partly utilized to fund the expansion of the Companys retail business and partly utilized for pay down of debt by CFPL. -	Maintain and create jobs in the growing retail sector: The Group''s retail business currently employs 5,300 employees and the Project is expected to create significant jobs as the Company increases capacity. Majority of the workforce is expected to be employed from the local communities thereby contributing to community development.  -	Improvement in the quality of life and fostering inclusive growth: The Project will contribute towards bringing better quality food products at low prices to post conflict areas in Sri Lanka thereby fostering better life quality and inclusive growth across socio-economic strata.  -	Development of local supply chains: The Project would increase the number of and volumes from local suppliers, provide additional sales channels for local producers and importers and effectively contribute towards strengthening the retail eco-system relating to efficiencies and operating standards.    -	Increase in farmer reach: The Company procures fresh produce from 8,000 farmers across the country on a daily basis at a fixed price leading to predictable demand and pricing for farmers. The Project is expected to increase its reach to farmers through increased demand for end products.
Commercial Bank of Ceylon Through its equity investment IFC will buy a large block of shares from a government owned institution which will reduce government shareholding in CBC.  By providing funding for a portion of the shares of CBC for its employees, IFC will help to align employee and shareholder interests, by making the former part owners of the bank.  The provision of longer term financing to a strong financial institution which operates in a difficult macro-economic environment will allow CBC to extend the maturities of its loans to sub-borrowers and lengthen the maturity of the Banks liabilities.  In addition, the project would facilitate the privatization of Sri Lanka's largest insurance company and also provide a demonstration effect to strengthen the government's privatization program.
Brandix Apparel Limited Brandix Lanka Limited (BLL or the Group) is an apparel manufacturer headquartered out of Sri Lanka and manufactures apparel primarily across four categories: Activewear, Casualwear, Intimate wear and Sleep & Loungewear. The Group employs 60,400 and has 28 manufacturing facilities across 5 countries, namely, Sri Lanka, India, Bangladesh, Cambodia and Haiti. Brandix Apparel Limited (BAL) is a wholly owned subsidiary of BLL and houses the manufacturing operations in Sri Lanka.   The Project consists of financing the medium and long-term working capital requirements and capital expenditure of BALs existing operations in Sri Lanka. At the project level, it is expected to support the Group sustain its operations to counter the impact of the COVID-19 pandemic whilst preserving jobs in Sri Lanka. The Project will also ensure continued production of high value added items and foreign exchange earnings to support the Sri Lankan economy. At the market level, the Project will help to protect exports growth and promote resilience whilst limiting disruptions along the domestic and global supply chain.
SDB Senior Loan p.cls-NormalWeb {
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          The proposed project is a secured, 5-year senior loan of up to US$15mn to Sanasa Development Bank PLC (SDB), a licensed specialized bank (LSB) in Sri Lanka and an IFC client since 2010. This will be one of IFCs first local currency debt funding in Sri Lanka, and will support the expansion of SDBs SME portfolio, with 25% earmarked for women-owned SMEs. 
       
       
         SDB was established in 1997, funded by 4,500+ cooperative societies. It was initially a microfinance/retail bank, but has been transforming itself into a SME/retail bank since 2015. IFC supported this initiative by increasing its equity stake to 8.86% (May, 2017) from 2.34%, previously. Expanding access to finance: Through this project, IFC will provide funding to approximately 5,000 SMEs over the next 5 years. 

Job creation: Based on IFC Jobs Study, Sri Lanka (2012), an estimated 1,500-4,650 new direct jobs will be created by this project. In addition, there will be indirect job creation.

Reducing the gender gap: In Sri Lanka, most women-owned enterprises are in the micro space, with women-owned SMEs representing only 24% of all SMEs. SDB as a bank which originated in the micro space and now looking to upscale into the SME space, is better suited to aid in their growth. Accordingly, the Project is expected to fund approximately 1,300 women-owned SMEs.
Arpico Retail Richard Pieris Distributors Limited (RPDL / Company), a Fast Moving Consumer Goods (FMCG) and household goods retail chain in Sri Lanka, plans to raise up to US$ 15million to finance the expansion of its retail operation/business and to install rooftop solar photovoltaic (PV) modules on its retail stores. -	Improvement in the quality of life: By developing a modern retail chain, the project will contribute towards improving the availability of better quality food products at low prices in underserved markets, thereby fostering better life quality and inclusive growth in the country.  -	Private Sector Development: the project will contribute to private sector development in the retail industry by increasing competition among major retail chains, increasing the volumes purchased from local manufacturers and promoting improved efficiencies and operating standards within the industry.  -	Employment Generation: The retail expansion will create direct employment opportunities in newly planned stores and indirect employment opportunities in the supply chain as volumes of local suppliers increase. -	Carbon Dioxide ("CO2") Emission Reduction: The rooftop solar PV installation will generate clean energy from a renewable source, thereby contributing to carbon footprint reduction.  Expected greenhouse gas emissions reduction is estimated to be about 2,200tCO2  equivalent per year.  -	Demonstration Effect: The project will help demonstrate the financial feasibility of rooftop solar PV for commercial enterprises in Sri Lanka and reduce the risk perception of such investments. This will contribute toward the adoption of rooftop solar PV by other businesses and help build the capacity of solar PV developers in the country.
Cargills Agriculture and Commercial Bank The proposed project involves an equity investment of LKR 495Mn (approx. US$3.84Mn) to acquire up to 10% shares in a Greenfield Licensed Commercial Bank, Cargills Agriculture & Commercial Bank (CACB or The Bank) and a senior loan of up to US$7 Mn to support the Banks debt funding requirements. In September 2011, the Central Bank of Sri Lanka granted CACB provisional approval to set up operations subject to fulfillment of routine terms and conditions. Access to Finance - The Bank will increase access to finance to MSMEs especially in the unbanked agrifinance sector. The project is expected to contribute to IFC''s IDG on Access to Finance to SME/Micro clients.   Expansion in North and East - The Bank is expected to have significant operation in the underserved N-E region of the country which is also part of the farming, fisheries, dairy production area of Sri Lanka.   Build investor confidence - IFC''s participation can help build foreign investor confidence and help channel future FDI in the country which is critical for the growth of the economy and specifically for the reconstruction and development of the war affected N E regions.   A niche Banking model - The Bank will be built on a unique business model with a bias towards serving the underserved MSMEs and underpenetrated regions of the country. Its strategy of serving the agriculture and linked communities will take its operations outside of the well banked western provinces. The Bank will use mobile banking technologies and take advantage of the extensive Cargills supermarket footprint and its links to the agriculture community to implement its differentiated banking strategy. This project will add a new dimension to the banking sector in Sri Lanka.   Employment in the rural regions - The Bank plans to hire graduates as loan officers from the local communities to work in its branches creating job opportunities for young people in the rural regions of the country.
RenewGen Project RenewGen Enviro Ventures India Pvt. Ltd. is a developer focused on the waste disposal market in and around South Asia. In order to facilitate the development and operation of such projects in the region, the decision has been taken to establish a holding company, as the Sponsor, in Singapore.The Sponsor would hold a portfolio of waste disposal and waste to energy projects in South Asia.   The developer has secured the first competitively awarded Waste to Energy concession in Sri Lanka from the Waste Management Authority of the Western Province in Sri Lanka (WMA). The project is a 25 year concession to build own and operate a 10MW waste to energy project in the Western Province of Sri Lanka. The project will process up to 580MT/day of municipal solid waste (MSW) and will generate up to 10MW of electricity which will be sold to the grid. The concession will be undertaken by Renewgen Environment Protection Kotte Pvt Ltd (Renewgen Kotte or Company), a company incorporated in Sri Lanka.  The Ceylon Electricity Board will off-take the power generated from the plant. The project will use a highly proven (deployed in over 400 plants worldwide) grate based mass incineration technology that is suitable for unsorted MSW in conjunction with advanced emission purification systems. - The largest private sector investment in a waste to energy in Sri Lanka to date awarded via an international bidding process  - The project will handle a significant portion of the waste (up to 580MT per day) of the Western Province of Sri Lanka and help minimize negative impact of dumping and burning of waste - The plant will provide up to 10MW of renewable energy to the grid - The plant will generate employment for about 50 workers with a significant part of the workforce drawn from the local community. - The project will result in reduced greenhouse gas (GHG) emissions - The project will deliver economic benefits to the WMA which will channel these resources into enhancing its capacity
MAS Capital (Private) Limited MAS Capital (Pvt) Ltd is a vertically integrated intimate-wear and active-wear manufacturing group headquartered out of Sri Lanka. The groups operations span the entire value chain of the manufacturing process from fabric, elastic, lace and accessories to the final product. The proposed project is new investment for capacity expansions, sustainability projects and product development at MAS Capital (Pvt) Ltd, MAS Active (Pvt) Ltd, Trischel (Pvt) Ltd and Textprint Lanka (Pvt) Ltd (collectively the Co-borrowers) and their subsidiaries. 1. Increased forex earnings: The project will help increase forex earnings of the apparel industry and improve the currently the country''s Balance of Payments. 2. Job creation: The project will lead to increased employment opportunities, and in particular, female employment, in Sri Lanka.  3. Demonstration Effect: The project will support one of Sri Lanka''s premium apparel sector players in terms of E&S compliance, OHS standards, and energy efficiency thereby setting the industry benchmark.