devinitorg/iati-policy-markers huggingface dataset:
City Express International Hoteles City Express, S.A.P.I. de C.V. (City Express or the Company) is engaged in development and operation of business hotels for the middle and middle low income markets in Mexico and Latin America.  City Express International (the Project) consists of the development of new hotels in Latin America and Mexico. This expansion will include up to 5 new hotels in Costa Rica and Colombia via a Joint-Venture with Hospiteum Corporation (Hospiteum) one of the few established Central American hotel owner and operators, (the Central America Expansion). The Project will also include an IFC and AMC/ALAC collaboration to support City Express expansion in Latin America including Chile (the Latin America Expansion). Finally, the proposed project will also include a support to City Express expansion in Mexico (the Mexico project) with the implementation of two new properties in Mexico City and Monterrey (all together, the Project). The Project would help City express to consolidate its leading position in the budget business hotel sector, accelerate existing growth plans and initiate its expansion outside of Mexico. i) Increased business and tourism infrastructure: The Projects are expected to add to their region's business and tourism infrastructure by expanding and improving the existing base of accommodation facilities and business services; In addition, they should encourage increased tourism, business and meetings, incentives, conferences and exhibitions ("MICE") travel;  (ii) Mid-market hotel development: The Projects will help the development of the domestic midmarket business hotel segment, thereby extending the product range in the targeted cities, where there is currently a shortage of supply;   (iii)  Benefits to the local economy: The Projects will create opportunities for economic links (local and regional) between tourism and other sectors, both in the development phase (construction services and building supplies) and during on-going operations (employment and operating supplies);  in addition, the Projects will create both direct and indirect jobs, as well as provide training opportunities for employees. They will also contribute to maintain and increase foreign exchange and tax revenues;  spending by visitors would keep help support a wide range of local economic activities, restaurants, transportation, tours, entertainment, sports and leisure activity; and   (iv) Climate change: In order to adopt sustainable green building design and construction, Hospiteum and City Express will continue to ensure high levels of energy efficiency and have various hotels achieve possibly compliance with LEED (Leadership in Energy and Environmental Design) standards.
Marcopolo Project Given the upsurge in demand and the growth prospects for exports and international operations, Marcopolo approached IFC for a $40 million financing package, which would help the company and Polomex:     maintain and upgrade equipment over the next 3 years;    finance working capital needs stemming from both existing and expected growth in production; and   refinance existing short-term debt.      IFC Role	     IFC''s role in this project includes: providing long-term financing that is otherwise currently not available; advising the company on a more rational and sustainable financing structure and financial management through appraisal; and  advising on best practices from around the world.      Development Impact     The IFC investment in Marcopolo will support the expansion of an internationally competitive bus body producer with plants in Brazil, Argentina, Colombia, Mexico, Portugal, and South Africa.  The company is profitable and operates in a competitive market.  It employes over 8,000 skilled workers and produces quality buses which adds to safe, competitively priced transportation services in the recipient countries.  The companys presence in international markets also enables it to bring new technology to the Brazilian market as well as to other emerging markets.
CIFI Project Corporación Interamericana para el Financiamiento de Infraestructura, Sociedad Anónima (CIFI or the company) was established in 2001 as a non-banking financial institution with the objective of primarily providing financing to small and medium infrastructure projects across Latin America and the Caribbean (LAC), a segment that has traditionally been overlooked by large financial institutions.  The project consists in the implementation of CIFIs business plan, including its expected asset growth and operational consolidation, as well as its potential access to long term funding through the international capital markets. IFC's support to CIFI through the provision of longer term funding and an equity investment will generate high development impact by:

- Reducing the infrastructure investment gap in Latin America: 

Infrastructure investment has high development impact through facilitating economic development. CIFI targets an under-served niche and its operations will be incremental to those being carried out by other regional players.

- Increasing access to basic services: 

CIFI's portfolio covers a wide range of projects including water supply, transportation, power and social infrastructure. Going forward, CIFI is expected to support infrastructure projects that similarly convey high developmental impact for local populations. 

- Demonstration Effect:

Given the high developmental impact of infrastructure investment, IFC intends to foster similar business models in other emerging market regions going forward. CIFI could provide a benchmark for similar models in other regions of the world. 

- Increasing employment: 

Infrastructure investment facilitates local economic activities, hence fostering the creation of related jobs and services; e.g. jobs and services for construction by equipment and construction material suppliers; and jobs created by other businesses linked to and/or located near the project sites.

- Higher fiscal transfers to regional governments:

The infrastructure projects supported by CIFI are expected to be economically viable / sustainable and result in net positive tax payments to local and national governments.
ECOM Agroindustrial Corp ECOM Agroindustrial Corporation Limited is a commodity trading company incorporated in Switzerland with operations primarily in agricultural commodities such as cotton, coffee and cocoa, in Latin America, Asia and Africa as well as Europe and United States. The objective of the project is to improve supply-chain standards, social and environmental practices and key performance indicators of coffee suppliers identified by ECOM mainly in Mexico, Guatemala, Costa Rica, Nicaragua and Honduras in order to turn them into stable suppliers of sustainable coffee. Ecom is developing this project as part of its ongoing efforts to improve supply chain quality and sustainability of agricultural production. The projects development impact includes continued direct benefits to rural populations and a demonstration impact on sustainability.
DCM HMC PDF The proposed transaction involves an IFC investment in HMC Andean Private Debt (the Fund), a US$100 million credit opportunity fund, focused on investing in senior debt for mid-size companies (MMEs), mainly in Colombia and Peru with possible opportunistic investments in Chile for up to 20% of the Funds capital (the Project). The most significant, expected Project-level effects are increased access to long term finance to MMEs in Chile, Colombia and Peru. Beyond the project, IFC anticipates that the investment will result in an increase in market integration, as it helps a further development of the alternative debt funds market in Latin America, which is a key component of a well-functioning capital market, via the innovation and competition, market enabling and demonstration and replication channels.
Jaguar RE Fund I The project entails an IFC equity commitment of up to $25 million, not to exceed 20% of total commitments, in Jaguar Real Estate Partners LP (the Fund), an 8-year closed-end private equity fund raising about $300 million to make control or significant minority investments in 5-6 real estate platform companies in Latin America.  The Fund will target 4-5 investments of US$40-70 million each with an average of a 4-7 year holding period with the following estimated geographical distribution: (i) ~20-30% in Andean/Central American region; (ii) ~20% in Mexico; (iii) ~20% in Argentina; and (iv) ~30-40% in Brazil.  Jaguars intended diversification strategy is multidimensional: (i) by geography within Latin America; (ii) by subsector, primarily including industrial and retail; and (iii) by stage of evolution in the life-cycle of the investee companies (green-field, value, growth plays). (i) Economic Development: The Fund will help address the supply of class A commercial and industrial real estate in Latin America and provide increased access to quality business infrastructure critical for economic growth in the region; (ii) Scale up integration: The Fund will provide long term equity to expand the operations of new or existing companies/platforms across the region to achieve economies of scale and risk diversification. (iii) Job creation: Provide employment during the development and construction periods of the investee companies; also support quality job opportunities in the manufacturing and services sector via the expansion of the existing supply of commercial and industrial assets in the fund; (iv) E&S Best Practice: Promote best E&S and green building standards, which would improve the efficiency and energy use in the industrial property sector.
DelawareGroup Delaware Consultoria S.L. (Delaware or the Company) is undergoing a $20 million 3-year plan that will increase its presence in Latin America and the Caribbean. These funds will be used in working capital needs required to expand the Companys existing operations centers in Colombia and Peru, the rollout of new operation centers in Brazil and Mexico and possibly other countries in Latin America (Delaware Group or the Project).  Delaware is looking for institutional partners like IFC to participate in opportunities from an increased IT market demand, which after the global economic crisis, is rebounding.  The Company has invested for over two years in qualified human capital and now needs the financial resources to execute its future strategy. Quality Employment: The Company''s expansion will increase the availability of direct and indirect jobs in those countries where it plans to expand.  Vocational and engineering students typically intern and land their "first job" at IT services companies, supplementing their income and tuition expenses. The industry increasingly employs more women and handicapped persons as IT fully jobs recognize their professional capabilities.    Development of IT Sector in Latam: This project will promote the development of the IT services sector in Latam while fostering competition in those markets where the Company plans to expand.  An investment in Delaware would also support and enhance the competitiveness of the region''s as an attractive destination for outsourcing and offshoring.    Technology Transfer: Delaware implements useful training programs for its employees in various technologies.  This project will enable the replication of these training programs to other countries. This technology transfer will increase the professional standards and technical knowledge throughout the region.    Export/Economic Growth: Offshoring/Nearshoring generates significant export revenues. IT outsourcing helps organizations become more efficient and creates employment, which in turn contributes to economic growth.
Investment in IFC's SF Initiative IFC would invest up to $200 million in a fund to be established to focus on investments in Africa and Latin America.

[The equity fund involved (the Fund) would be established by IFC and sovereign, and potentially other, investors will be invited to invest in it as limited partners. IFC (either directly or indirectly) will be the manager of the Fund. The Fund will co-invest with IFC in equity and equity-related investments in Africa and Latin America (including the Caribbean). All investments by the Fund will be processed by IFC in accordance with IFCs investment principles, including IFCs Policy on Social and Environmental Sustainability and the IFC Performance Standards.] Channeling long term investments by sovereign funds into Latin America and Sub-Saharan Africa should have stabilizing effects on financial markets in these regions. Sovereign funds are long term investors with stable funding sources that are unlikely to make sudden divestment decisions about their private equity investments. The proposed Fund will seek to address volatility of financial flows by connecting well-capitalized, long term sovereign investors with sustainable and diversified investment opportunities.

The Fund will have a significant impact on IDA countries, which constitute 83% of the total number of countries in Sub-Saharan Africa and 27% of those in Latin America.  Increasing capital inflows to IDA countries will help improve general economic conditions in countries where it is most needed.

The Fund will allow IFC actively to intermediate the new flows of capital from sovereign funds in areas with high savings rates to zones with a capital deficiency, while helping to ensure that investments are made in a sustainable way.
GWFP Mercon 2021 Headquartered in the Netherlands, Mercon Coffee Group (Mercon) is a vertically integrated global green coffee supplier. Mercon is among the leading coffee suppliers in the world and has extensive experience in farming, production, trading, marketing, logistics and risk management in the coffee industry.  With 65 years of experience, Mercon sources green coffee from major coffee-producing regions and merchandizes and supplies it to leading coffee roasters on a global basis.   This proposed investment consists of a revolving credit facility of up to US$60 million by IFC (the Facility), which includes up to US$18 million from the Private Sector Window of Global Agriculture and Food Security Program (GAFSP) with focus on Nicaragua in favor of Mercon. The proposed investment aims to support the coffee sector value chain from production and storage in IDA countries in Central America (Nicaragua, Honduras) and other producing countries (Brazil, Guatemala, Vietnam) to commercialization in multiple destinations. Access to finance and markets: The project will continue to have significant positive impacts on the main stakeholder groups, and especially on coffee farmers and surrounding communities. The farmers should continue to benefit from reliable access to markets and in select cases access to finance and training provided by the group, particularly in regions where financing has become challenging. The Company's activity is benefiting the producers directly as it purchases their products and provides them with financing, certification, logistics, and forward price fixing. 

Inclusive: With more than 20% of Mercon's global supply from farms of less than 5 hectares, the investment is classified as inclusive in terms of reach to smallholder farmers.

IFC expects the project, through the complimentary IFC Advisory Services project (#604064), to help farmers in Nicaragua improve their Robusta coffee production, with better quality and higher yields. This is also expected to introduce practices to strengthen the sustainability of coffee production.

Integration: IFC expects the facility, through the demonstration and replication channel, to contribute to the strengthening of financial integration of the coffee value chain, in the markets where Mercon operates. This is essentially achieved through maintaining connections between several private sector financial institutions and coffee farmers, cooperatives, suppliers and aggregators.
CNO Regional Supplier Finance Line Construtora Norberto Odebrecht (CNO or the company), founded in 1945 in the northeastern state of Bahia, Brazil, is one of the leading Brazilian heavy construction and engineering company in Latin America, and the world leader in hydroelectric dam engineering.  Geographically, CNO undertakes projects in all regions of Brazil as well as in South America, Central America, Portugal, the United States and Angola.  CNO is a subsidiary of Odebrecht S.A. (ODB), one of the ten largest Brazilian private-sector conglomerates in terms of revenues and Brazils leading service exporter, employing almost 30,000 workers.  Since it was founded in 1945, CNO has expanded its operations into 13 countries in Africa, Europe, and the Americas.

The project consists of a corporate loan of up to $25 million to support the development of CNOs small and medium enterprises (SMEs) suppliers and subcontractors in Brazil, Venezuela, Peru, Ecuador and Dominican Republic and other Latin American countries where the company currently has operations or is expected to win contracts in the near future (the countries). It will help CNO fund its prepayment financing (advances) to SMEs and will also have a strong capacity-building component, leading to a long-term cooperation and partnership between the SMEs and CNO, including the provision of direct or indirect technical assistance to the SMEs to help introduce financial, environmental, health and safety, social and engineering best practices.
BAF Latam Trade Finance Fund BAF Capital A.G. and its affiliates (BAF) is a fund manager that specializes in lending to processors and other companies who buy agricultural commodities from farmers as well as to companies that supply farmers with crop inputs. BAF has a loan portfolio of about US$700 million in the largest fund it manages, BAF Latam Trade Finance Fund, which lends from both Latam Trade Finance Fund, and BAF Latam Trade Finance Fund B.V., its only subsidiary (together referred to hereafter as, LTFF).The proposed project entails IFC making a loan of about US$70 million to LTFF to support its lending operations, which are primarily in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, and Uruguay (the Project). (i)	Contribution to Food Security: Farmers have very little access to finance and generally rely on their suppliers and buyers of their crops to fund much of their working capital, which in turn places a high working capital requirement on the farmers'' suppliers and buyers.  By lending to these suppliers and buyers, LTFF plays a role in supplying the liquidity required in the food supply chain to allow companies in the sector and the farmers linked to them to maintain production levels, even in the face of fluctuating agricultural commodity prices and challenging macroeconomic climates.  (ii)	Screening and Assessment of Environmental & Social (E&S) Risks: IFC will help BAF to design and implement an Environmental & Social Management System (ESMS) to identify and manage potential environmental and social risks in its operations. E&S assessment systems are expected to make LTFF: (a) among the few funds with a strategy focused on trade finance to have a formal ESMS, which in turn, (b) helps disseminate better E&S practices among its clients in the agricultural commodity supply chain.
SPV SistemCobro As part of the Distressed Asset Recovery Program (DARP), IFC, and SistemCobro S.A.S. (SC), a Colombian distressed asset investor and servicer, propose to create a Platform (SPV) to purchase Non-Performing Loans (NPLs) in the Andean region and Central America (Target Region). The most significant expected project-level outcome is the off-loading of sizable amounts of DAs in the Target Region, reducing related NPL resolution costs and freeing up capital and funding, all of which will contribute towards new lending. In addition, the project will help to normalize the financial positions of defaulted debtors that are currently constrained to access formal credit. As a result of the project, IFC anticipates that this investment will promote greater sector competitiveness and integration via demonstration, replication, market enabling and innovation channels.
Dafiti Latam This is an update to the summary of investment information document for project 33609 which was publically disclosed on June 17 2013 under its former name Rocket Internet. The previous summary of investment information for Rocket Internet described IFCs proposed investment into two companies: Dafiti Latam GmbH & Co. Beteiligungs KG (Dafiti) operating in Latin America and Lamoda GmbH (Lamoda) operating in Russia and Kazakhstan. The following summary relates to IFCs potential investment into Dafiti only. The proposed investment in Lamoda is now covered in a separate summary for project 34026.  Bigfoot GmbH (BF) has launched, through subsidiaries, online retailing ventures in South America, the Commonwealth of Independent States and Asia (India). BF was initiated by Rocket Internet GmbH (RI), a global online venture builder.  BF has identified IFC as a potential strategic partner in its endeavor to significantly expand its e-commerce footprint in emerging markets and has invited IFC to provide equity capital to support the growth of Dafiti, its subsidiary operating in Latin America (the Project). The Project''s expected development impacts include: (i) job creation in the areas of logistics, warehousing as well as IT services and marketing and indirectly through supply chains and other supporting services; (ii) transfer of technology by replicating proven internet business concepts in emerging markets with the goal of turning its ventures into local/regional market leading companies in the online retail space; and (iii) benefit to consumers in frontier regions and secondary cities through more choices, lower priced goods and convenient service with home delivery.