devinitorg/iati-policy-markers huggingface dataset:
KESH Restructuring Project The Project is linked to a comprehensive program of reforms of KESH and the  Albanian energy sector in general which should significantly improve sector  management and operational efficiency.  The loan proceeds themselves will be used to refinance and lengthen the  tenors of short term sovereign guaranteed overdrafts which KESH has  entered into with commercial banks on an emergency basis and require annual  reapproval, perpetuating a liquidity crisis as well as uncertainty and  instability. The loans were necessary to alleviate critical cash shortages  created by hydrology conditions and sector organization. As the reform package  is implemented, sector and KESH performance should improve overall.  The general objective is the reform and restructuring of KESH and the Albanian  energy sector to achieve long term sustainability which has been lacking. The  EBRD investment is expected to support a program of reform which aims to  include KESH's corporate governance, market practices and regional trade. The  refinancing of the balance sheet to lengthen tenors will give KESH greater  control over its financial situation, relieving it of continuing urgent  liquidity concerns.
EaP SMEC - Moldova ProCredit Bank II Provision of a five-year senior unsecured loan of up to EUR 10 million to  ProCredit Bank SA (PCBM) under the SME Competitiveness Programme in the Eastern  Partnership for on-lending to eligible micro, small and medium enterprises  (MSMEs). In addition to long-term financing, eligible sub-borrowers will  receive technical assistance funded by the European Union and grant support in  the form of investment incentives upon the completion of their investment  projects.  The SME Competitiveness Programme in the Eastern Partnership is a follow-on  facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed  for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to support  upgrades in micro, small and medium-sized enterprises (MSME) to European Union  (EU) standards. The proposed project will enable ProCredit Bank to extend loans  for investment purposes to local MSMEs, financing upgrades of technology and  equipment necessary to meet EU standards in terms of product quality, health  and safety measures and environmental preservation and thus will help  businesses to become greener and more competitive.
Parahat Project The provision of a senior loan of up to US$ 2.5 to Parahat, a leading producer  of juices and dairy products in Turkmenistan. Funds to be used for the  procurement of technological equipment and working capital purposes.  Parahat is planning to introduce glass bottle recycling facility, new packaging  equipment, which will incerase shell life of its products and improve their  transportability, including for potential foreign clients. It will also going  to expand/diversify its operation by introducing new PET bottling line.
WAT Motor Green Loan The provision of EUR25 million long-term loan, to WAT Motor Sanayi ve Ticaret  A.S. (WAT Motor or the Company or the Borrower), a Turkish company engaged in  the manufacturing of industrial electric motors and electric vehicle (EV)  charger equipment.  The Bank's financing will be used to finance the Company's investment program  that includes (i) capacity increase investments in EV charger equipment  production and value added electric motors, and (ii) expansion of e-mobility  services by establishing a network of EV charger stations across Türkiye (the  Project).  The Project is in line with the EBRD's Strategy for Türkiye as it supports  the energy and resource efficiency improvements and higher value added  activities, through greater value chains integration and improved business  standards of local companies. The Project is also aligned with the EBRD's Green  Economy Transition (GET) Approach.
H and M Agro Project Provision of a USD 2 million senior secured loan in AZN equivalent to H and M  Agro LLC to support the expansion of a hydroponic greenhouse in Salyan city of  Azerbaijan from the current 5 hectares to 10 hectares.  The Project will support the installation of new hydroponic greenhouses that  will result in higher production yield and reduced water consumption compared  to conventional greenhouses.
Banka Intesa Belgrade - Mortgage Line II A senior loan of up to €30 million to Banca Intesa a.d. Beograd ('BIB') for  on-lending to private individuals.  The proceeds of the loan will be used by BIB to provide long-term financing for  residential mortgage lending in Serbia.
Cairo Metro Line 1 Modernisation The provision a sovereign loan of up to EUR 205 million (or USD equivalent) to  the Arab Republic of Egypt to finance the rehabilitation of the existing  infrastructure of Cairo Metro Line I, which will cover urgent infrastructure  investments in signalling, telecoms, controls and track works. It is expected  that the project will be co-financed by a sovereign loan of up to EUR 350  million from the European Investment Bank ("EIB") and EUR 50 million from the  Agence Francaise de Developpement("AfD").  The project will be implemented by the National Authority for Tunnels  ("NAT"), a government agency under the jurisdiction of the Ministry of  Transport ("MOT") and will be carefully co-ordinated with the Egyptian Company  for Metro ("ECM"), the operator, as the rehabilitation will take place while  the line is in operation.  The Bank has developed an Integrated Approach ("IA") to Cairo's urban transport  sector which comprises a series of investments across all modes of urban  transportation in Greater Cairo focusing on improving functionality, quality  and efficiency of public transport services. The objective of the IA is to  achieve greater commercialisation of services, enhanced private sector  participation, improved regulation, and increased opportunities for on the job  training as well as the use of carbon monetisation mechanisms.  The proposed project is the second of a series of investments presented under  the IA. It is designed to provide the needed rehabilitation of Cairo Metro Line  I's existing infrastructure with an aim to restore it to its original design  capabilities and potentially reduce traffic headway (minimum possible time  between two trains) to increase capacity through introduction of CBTC  signalling technology. Accordingly, the project will enable the provision of  safe, reliable and environmentally friendly transportation for up to 2 million  passengers per day and provide energy efficiency and emissions savings.
Uzbekistan - Ipak Yuli Bank loan II A senior loan of up to USD 6 million equivalent to Ipak Yuli Bank in  Uzbekistan. The loan will be provided under the Green Economy Financing  Facility Uzbekistan ("GEFF Uzbekistan"). The proceeds of the loan will be  on-lent to eligible Sub-borrowers implementing qualifying Sub-projects in line  with the technical and financial eligibility criteria; Sub-borrowers will be  entitled for Investment incentives according to the eligibility criteria.  The loan will be offered in the local currency in two equal tranches of USD  3m equivalent each. Tranche 1 will be committed upon signing the loan  agreement; Tranche 2 will be uncommitted and may become available at the sole  discretion of the EBRD. Each tranche will have a tenor of three years, and  will be disbursed in the UZS equivalents of the USD amounts calculated at or  around the time of the relevant disbursements.  The project will enable Ipak Yuli Bank to enhance its product offering and  provide term financing to private clients in the country for investments in  climate change mitigation and adaptation technologies and services supporting  Green Economy Transition.
Addiko Bank a.d. Banja Luka SME line III Provision of a senior secured loan to Addiko Bank a.d. Banja Luka ("Addiko  Bank" or "ABB") of EUR 5 million under the Financial Intermediaries Framework  ("FIF") for on-lending to small and medium enterprises (SMEs) in Bosnia and  Herzegovina.  The proposed project will improve access to finance for SMEs, which are the  main source of employment in the private sector and a major contributor to the  economy in Bosnia and Herzegovina. The bank is successfully implementing a  SME-focused strategy and well-positioned to provide much needed financing to  smaller businesses in the country via its regional branch network. The focus  will also be on lending in the regions outside the capital and attracting new  SME clients. In addition, the project will help in the rollout of the Business  Academy to boost the management capacity of SMEs across the country.
Green Cities 2 W2 - Ankara Bus Project A senior loan of EUR 57.1 million loan to EGO Genel Mudurlugu, the Ankara  Transport Company. The proceeds will be used for the procurement of up to 254  Compressed Natural Gas, or CNG, buses and installation of a CNG filling  station. In addition, the company's own funds will be used to procure up to 28  diesel, EURO 6 compliant buses as part of the project.  New buses will help to tackle the growing demand for public transport. It will  extend the capacity and reduce operation and maintenance costs by replacing the  existing diesel buses that are over 15 years old and EURO 2 in terms of  emission standards.  The CNG buses generate significantly fewer emissions (both GHG and other  pollutants) than buses with traditional diesel engines. The new diesel buses  are subject to EURO 6 emissions standards in line with EU regulations and have  the highest potential to eliminate the majority of exhaust pollutants that have  an impact on air quality. The project also increases the capacity of public  transport services and will benefit 5.7 million people.
Hellenic Healthcare Long-term senior loan of up to EUR 32 million to Perseus Healthcare S.A., a  public limited company domiciled in Greece, operating under the business name  Metropolitan Hospital (Athens), to finance the capital expenditure programme  and working capital, as well as to partly refinance its existing debt portfolio.  Support the investment programme carried out by Metropolitan hospital at its  premises in Athens. The proceeds from the EBRD loan will be allocated towards  capex consisting of reconstruction of buildings and purchase of new medical  equipment, with the aim to increase capacity and improve quality of its  healthcare services.
RBA Croatia synthetic securitisation EUR 25.6 million credit protection guarantee to Raiffeisenbank Austria d.d.  ("RBA"), a commercial bank incorporated in Croatia, by participating in a  synthetic balance sheet securitisation of c. EUR 367 million performing SME and  corporate loans' portfolio, originated by RBA. The structure uses a bilateral  unfunded financial guarantee, passing on to EBRD the credit risk of the  mezzanine tranche of the securitised portfolio.  The project boosts the resilience of a systemic bank in Croatia, by allowing  RBA to achieve a risk-weighted assets' ("RWA") relief and optimise its  regulatory capital requirements, while the RWA relief achieved will be  redeployed to new on-lending to the real economy. As such, RBA will fully  utilise this capacity to finance new eligible SME and corporate loans, out of  which RBA will allocate funds in the amount of 120% of the Bank's guarantee for  financing new GET eligibility projects.
Grupa Azoty Polyolefins Provision of a multicurrency senior loan of up to EUR 125 million equivalent in  support of Grupa Azoty Polyolefins S.A. ("PDHP"), a subsidiary of Grupa Azoty  Zaklady Chemiczne "Police" S.A. ("GA Police") and Grupa Azoty S.A. ("Grupa  Azoty"), which is considering the construction and operation of an  integrated propane dehydrogenation unit ("PDH") and polypropylene unit  ("PP") to manufacture propylene and polypropylene. The facilities will be  located in the town of Police, adjacent to the existing facilities of GA Police  and will have access to its utilities and infrastructure.  The project will diversify Grupa Azoty's business by improving the efficiency  of its operations as well as expanding the product range. The latter is being  addressed by adding new products allowing the Group to diversify away from  the fertiliser business.
Grajewo and Sulmierzyce wind farms Provision of a long-term senior secured loan of up to PLN 175 million (€38.9  million) to Contino Polska Sp. z o.o. and Contino Zeta Sp. z o.o., two Polish  companies owned by DIF Capital Partners, for the acquisition, construction and  operation of the Grajewo and Sulmierzyce wind farms of 40MW and 23.1MW  capacity, respectively.  The project will contribute to climate change mitigation and Polish energy  green transition by increasing the share of renewable energy generation in  Poland and add 63.1 MW wind generation capacity to the national energy system.  In addition, the project will strengthen the private sector's role in the  renewable energy sector in Poland.
Sibiu Streets Rehabilitation The EBRD is providing a loan of up to €15 million to Sibiu Municipality (the  'Municipality' or the 'City')  To finance key investments in the urban transport sector and related  infrastructure including street rehabilitation, a concession for local road  maintenance, as well as support for the preparation of a Sustainable Urban  Mobility Plan ('SUMP').
- ONDA Stabilisation Facility Provision of a sovereign guaranteed loan of up to EUR 150 million in favour of  Office National des Aeroports ("ONDA" or the "Company") to address the urgent  need for liquidity support of the Company, a Moroccan State-Owned Enterprise  (SOE) providing vital infrastructure services, following the unprecedented  economic impacts of the COVID-19 crisis. The proposed transaction is in line  with the Vital Infrastructure Support Programme (VISP) under the Bank's  COVID-19 Solidarity Package.  The goal of the Project is to help this SOE meet short-term obligations in  order to enable essential operations and services to continue uninterrupted  despite the financial stress of the COVID-19 crisis.
Serbian Solid Waste Programme Provision of a sovereign loan of up to EUR 75 million to the Republic of Serbia  (the "Client") in two tranches: (i) up to EUR 50 million to be committed at  signing ("Tranche 1") and (ii) an uncommitted tranche of up to EUR 25 million,  to be committed at Bank's sole discretion following completion of due diligence  ("Tranche 2"). Tranche 1 proceeds will be used for financing the construction  of four regional waste management systems ("RWMS") in Kalenic (Central Serbia),  Sombor (Northern Serbia), Duboko (Western Serbia) and Nova Varos (Western  Serbia) solid waste regions and related technical consultancy services for  supporting the project implementation and works supervision ("Phase 1").  Tranche 2 proceeds will be used for financing the construction of two RWMS in  Pirot (South-eastern Serbia) and Sremska Mitrovica (North-western Serbia) solid  waste regions and a multi-regional primary sorting system (i.e. purchase of  containers and waste collection vehicles) within several solid waste regions  and related technical consultancy services for supporting the project  implementation and works supervision ("Phase 2"). The total project cost of EUR  150 million will be co-financed on a 50:50 basis with the French Development  Agency ("AFD").  The Project aims to support the development of integrated and modern solid  waste management systems compliant with EU standards via (i) the establishment  of RWMS articulated around a regional centre covering several municipalities  (particularly for the regional sanitary landfill); (ii) the establishment of  primary sorting/recycling systems (material recovery facilities); and (iii) the  treatment and recovery of biodegradable waste. Other investments relating to  the infrastructure necessary for collection (waste bins/containers, vehicles  and transfer stations) will also be included in the scope of the Project.
Mikrofin LLC Project This project was approved as part of the Bank's response to the Covid-19  pandemic. To avoid delays to the delivery the Bank's President granted a  deviation from the ordinary timelines for PSD disclosure as set out in Section  V of the Directive on Access to Information. Details of the Bank's response to  Covid-19, and this deviation, can be found on our website.  Provision of a senior loan of up to EUR 5 million under the Resilience  Framework in favour of Mikrofin d.o.o. Banja Luka (the "company"), a limited  liability company incorporated in Bosnia and Herzegovina. The loan will be  split in two equal tranches of EUR 2.5m each with Tranche 2 uncommitted.  The proceeds of the Bank's investment will be used for sub-lending to eligible  sub-borrowers in accordance with the Policy Statement.
Cairo Amman Bank This project was approved in the context of the Bank's response to the COVID-19  pandemic. To avoid delays to the delivery of this project, the Bank's President  granted a deviation from the ordinary timelines for PSD disclosure, as  contemplated by Section V of the Directive on Access to Information. Details of  the Bank's response to COVID-19, and this deviation, can be found on our  website.  Provison of a senior unsecured loan of up to USD 30 million to Cairo Amman  Bank ("CAB"), under the Bank's Resilience Framework (RF). Proceeds of the  proposed loan will be on-lent to local private small and medium sized  enterprises (SMEs) and corporates, supporting them in bridging the liquidity  needs that may arise as a result of the outbreak.  The financing will help CAB provide funding to private sector SMEs and  corporates experiencing either a decrease in their activity, turnover and  profitability.
Kharkiv Metro Extension Provision of a EUR 160 million sovereign loan to Ukraine (co-financed with a  sovereign loan to Ukraine from the EIB for the same amount). The proceeds will  be used to finance the extension of Metro Line III in Kharkiv by 3.5 km to the  southern districts of the city and construction of two stations, construction  of a new depot and connecting rail and the purchase of rolling stock to service  the extended line. Kharkiv is Ukraine's second largest municipality and a major  industrial centre.  The project will address key challenges in the public transport infrastructure  development of the city of Kharkiv, including improving access to clean urban  transport and increasing the capacity and efficiency of public transport  services. The investment is expected to result in significant economic and  environmental benefits through the expansion of clean, zero-emission urban rail  mass transit as the backbone of Kharkiv's public transport system to ensure  sustainable mobility.
Globalworth Real Estate Investment II EBRD approved investment in a senior unsecured corporate Eurobond issue  launched by Globalworth Real Estate Investment Limited ("GREIL" or the  "Issuer"), a Guernsey incorporated public limited liability company. The Bank's  investment represented 10.9% of the total bond issue. The Eurobond will be  dually listed on the Bucharest Stock Exchange ("BSE") and the Irish Stock  Exchange("ISE").  The overall objectives of the project include:  (i)  a successful fund raising of at least EUR 500 million with a tenor of at  least 7 years i this was achieved at subscription, with GREIL raising a total  of EUR 550 million; and  (ii) a good financial and operational performance - that is monitored during  the project implementation, with particular focus on growth in revenues,  profitability and cash flows, as well as  no payment defaults under the bond.
MEPSO: North Macedonia-Albania Transmission Phase I The EBRD is to extend a senior corporate loan of up to EUR 40 million to MEPSO  AD, the Macedonian electricity transmission company, to fund the Macedonian  component of the FYR Macedonia-Albania transmission line.  The project entails (i) the construction of electricity transmission  infrastructure from Bitola to the Albanian border with a substation at Ohrid,  and (ii) the introduction of Smart Grid components at MEPSO.  By providing FYR Macedonia with the first interconnection to Albania, the  project will provide the missing link in the initiative to establish an East -  West electricity transmission corridor between Bulgaria, FYR Macedonia,  Albania, Montenegro and Italy. The section between Bulgaria and FYR Macedonia  (OpID 27768) has been completed. Albania and Montenegro are connected by a new  400kV line and the construction of a submarine cable between Italy and  Montenegro is underway, supported in Montenegro by the Lastva - Plejvlja  Transmission Line Project (OPID 42768).
PKO Bank Hipoteczny covered bonds: Project Jaspis The EBRD invested EUR 65 million (13% of the issuance amount) in a Green  Covered Bond (""GCB" or the Bond") issuance of PKO BH, as part of an  international issuance of EUR 500 million, that will be listed on the  Luxembourg and Warsaw Stock Exchanges. This was the first international GCB  issuance by a Polish bank and the first such out of the EBRD's EU countries of  operation.  The bond issuance is in line with the International Capital Market  Association's ("ICMA") Green Bond Principles ("GBP") and Climate Bonds  Standard, as verified by a second party opinion ("SPO") before subscription.   The Bond has a maturity of 3 years.  The Project promotes green financial intermediation through supporting green  covered bond issuances of the largest mortgage bank in Poland. It also  contributes to the capital market development in Poland and the resilience of  the important financial institution in the country.
Bank of Georgia: FIF DCFTA, SME &amp;amp;  Women in Business  facilities A financing package up to USD 100 million in two equal tranches (second  tranches uncommitted) denominated in LCY for the Bank of Georgia consisting of  three transactions: Up to USD 50 million (Tranched) equivalent in Georgian Lari  credit line to assist local Small and Medium Enterprises (SMEs) comply with  DCFTA requirements; Up to USD 40 million (Tranched) equivalent in Georgian Lari  credit line for on-lending to local Small and Medium Enterprises (SMEs); Up to  USD 10 million (Tranched) equivalent in Georgian Lari Women in Business (WiB)  financing programme to support SMEs run or managed by women.  The envelope of projects will enable Bank of Georgia to develop its lending  programmes countrywide in the respective business segments, providing essential  support for longer-term financing in local currency of micro, small and medium  sized enterprises.
PKP Cargo Rail Project Up to EUR 100 million equivalent senior, multicurrency, unsecured loan to PKP  Cargo S.A. ("PKP Cargo" or the "Company") to refinance the acquisition of  Advanced World Transportation ("AWT"), the second-largest rail freight operator  in the Czech Republic.  The acquisition of AWT is seen as a key milestone in the Company's strategy of  international expansion. A focus on intermodal operations is a key driver for  expansion on the Baltic-Adriatic-North Sea railway transportation corridor.  Following the acquisition of AWT, PKP Cargo will be able to take advantage of  the AWT's intermodal terminals, to develop new routes and provide comprehensive  logistics and transportation services in an extended transportation corridor.