devinitorg/iati-policy-markers huggingface dataset:
PSL - Ultratech The project consists of four existing specialized cement carriers and one bulk carrier on a long-term charter to Ultratech Cement Limited (Ultratech). The specialized, custom built cement carriers of 21,000 Dead Weight Tonnage (DWT) each are used to transport cement along the west coast of India and Sri Lanka. The dry bulk carrier of 56,000 DWT is used to transport various dry bulk commodities on international routes as per demand (collectively the five vessels are referred to as Project Vessels). Each Project Vessel is owned and operated under a special purpose company (all five special purpose companies are collectively called Project Companies).  The four cement carriers to be financed by IFC are Apinya Naree (APY), Boonya Naree (BNY), Chanya Naree (CNY) and Danaya Naree (DNY). The fifth vessel is Apiradee Naree (APD), which is the bulk carrier.     The Project Companies are wholly owned by Precious Shipping Public Company Limited (PSL or the Company).   The proposed financing comprises: (i) a US$60 million senior secured loan to IFCs own account and (ii) mobilization of up to US$25 million from parallel lenders and/or an IFC B loan to (a) refinance the existing loan of Project Companies; (b) partial prepayment of the debt at PSL level; and, (c) prefunding of debt service reserve account. The Project has an Anticipated Impact Measurement & Monitoring (AIMM) rating of Satisfactory. The main expected project-level outcomes are the stakeholder effects of supporting the continued operation of PSL's shipping assets by alleviating financial pressure on these assets through refinancing. Beyond the Project, the investment is expected strengthen the financial resilience of maritime shipping trade by supporting financial sustainability of a key player in the sector and promoting financial integration through a SLL structure that has potential demonstration effects in the sector.
Ayudhya Development Leasing Company - II Summary Of Project Information (SPI)       Project Name    Thailand-Ayudhya Development Leasing Company II (ADLC II)              Region    Asia        Sector       Project No007460   Projected Board DateMay 15, 1996   Company NameAyudhya Development Leasing Company (ADLC)   Technical Partner and/or Major Shareholders    	The technical partner is Korea Development Leasing Company (KDLC) and the local sponsor is Bank of Ayudhya (the fifth largest Thai bank).     Project Cost Including proposed IFC investment    	Up to $25 million    Location of project and Description of site    	Bangkok, Thailand    Description of Company and Purpose of Project (include IFC role\development impact)    	Ayudhya Development Leasing Company (ADLC) was established in late 1991 to provide medium-term lease and hire purchase equipment financing to Thai enterprises.  Whilst ADLC has adequate access to local currency financing, it needs to expand and diversify its foreign currency funding sources and has requested IFC to arrange a medium-term loan.  IFC will provide a US$10 million loan for its own account and attempt to syndicate up to $15 million.  The project can be expected to enhance the competitiveness of about forty small and medium-sized enterprises while generating productive employment opportunities and ensuring that their operations are environmentally sound.    Environmental Category and Issues    	This is a Financial Intermediary (FI) category project according to IFCs environmental review procedure.  For relevant operations, ADLC will be required to implement an environmental risk management system consistent with host country requirements and World Bank policies.  In addition, IFC will assess ADLCs capability to implement the system.       Date SPI sent to PIC     April 11, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
National Finance &Securities Public Co. Limited Summary Of Project Information (SPI)(Revised)       Project Name    Thailand-National Finance and Securities Public Co. Ltd.                   Region    Asia        Sector    Financial Services      Project No007150   Projected Board DateNovember 2, 1995   Company NameNational Finance and Securities Public Co. Ltd.   Technical Partner and/or Major Shareholders    	Members of the Siam Commercial Bank group are jointly the largest shareholders with a 11% equity stake.  The remainder 89% is widely held by local and foreign individuals and institutions.    Project Cost Including proposed IFC investment    	Up to US$250 million depending on market conditions. IFC will be providing loans of up to $45 million and mobilizing the remaining funds through the syndicated loan market.    Location of project and Description of site    	Head office is in Bangkok, with eight securities trading offices and nine lending offices in the provinces.    Description of Company and Purpose of Project    	National Finance and Securities Public Company Limited, with assets of $2.4 billion, is the third largest finance and securities company in Thailand.  The project consists of loans for IFCs own account of up to $45 million with maturities up to six years, a portion of which may be convertible into equity, and a three year B loan of up to $205 million.  The project would help the Company diversify its funding sources while enabling it to make medium to long term loans to private sector companies in Thailand.    Environmental Category and Issues    	This is a category FI project.  The Company has committed to attend environmental risk managers training offered by IFC and to implement an environmental risk management system for relevant operations consistent with host country requirements and applicable World Bank policies and guidelines.  An environmental coordinator has been appointed.       Date SPI sent to PIC     October 6, 1995      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
ACAP Thailand The proposed project comprises:   - an investment in a pool of non-performing loans (the portfolio) purchased in auction by VTB Bank Europe plc (VTBE); and  - an investment in a to be formed asset servicing/management platform (AMC) with a primary focus on the resolution of distressed assets, including non-performing loans (NPLs), in Thailand.  The partners in the AMC are expected to be VTBE and a local company. The developmental impact of well-structured distressed debt transactions is well recognized.  Such transactions help improve the stability of  the banking system by encouraging transparency in balance sheets as true value of assets is exposed by the market value paid by buyers of NPLs and financial institutions are obligated to take losses and contribute additional capital where necessary.  This helps the banking system achieve a capital adequacy level that is more consistent with the actual risks in bank portfolios.  In addition the systematic and vigorous pursuit of NPLs contributes to the development of a much better credit culture especially in countries where the willingness to repay (as opposed to the ability to repay) has been the cause of serious portfolio problems in the banking systems which have had to be resolved at an enormous fiscal cost.  The systematic and efficient work-out of NPLs thus helps allocate the burden of bearing the losses more towards where it actually belongs; on the non-performing borrowers.
Roojai Project 0  0  0  0  0  0  0  0  0.0000       The project involves an equity investment of up to US$7 million in Roojai, a licensed online insurance broker in Thailand that began operations in 2015. Through Roojais web portal, mobile applications and call center, users can receive real-time quotes and purchase insurance online. Today, Roojai is focused on motor insurance with plans to diversify into other policy lines over time. Roojai partners with local insurer Krungthai Panich Insurance. Roojai is introducing both sophisticated risk-based underwriting practices and new policy features to the Thai marketplace. The business plans to ramp up its online customer acquisition and enlarge its policy book. 1.	Improved accessibility and affordability of insurance through collection of additional risk factors, user friendly online platforms and the introduction of installment payment plans. Technology and processes further reduce pain points associated with insurance usage.

2.	Improved market competitiveness through sophisticated underwriting models and policy design that incentivizes users to engage in behavior that is associated with lower claims. This is expected to introduce more competitive pressures in the market and prompt traditional insurers to experiment with lower cost distribution models and ways to decrease loss ratios.
Siam Industrial Credit Public Co Ltd Siam Industrial Credit Public Company Limited (SICCO or the company) is a finance company listed on the Stock Exchange of Thailand with a market capitalization of approximately $100 million.  Total assets of  the company were THB36.5 billion ($877.0 million) as of September 30, 2004.  SICCO provides commercial and industrial financing for SMEs, and retail services, such as automobile hire/purchase and retail loans.

In January 2004, the Bank of Thailand (BOT) issued a new Financial Master Plan, a prime objective of which is to achieve further consolidation of  the  financial sector in Thailand.  The plan requires that all commercial banks currently possessing more than one banking license and/or maintaining more than one deposit-taking presence retain only one deposit-taking presence, and divest or merge any additional deposit-taking entities they may have.  As a result, this change will affect the funding strategy of SICCO.  

The purpose of this project is aimed at supporting SICCO diversifying its funding sources and extending the maturities of its liabilities.  The proceeds of this financing will be used primarily to fund the companys growing hire purchase business and SME finance.
Thai Credit Bank Equity The proposed project entails IFCs equity investment of up to US$30 million equivalent in Thai baht as a cornerstone investor in an Initial Public Offering (IPO) of Thai Credit Bank Public Company Limited (TCB or the Bank) (The Project). The Bank is the only Thai bank that focuses on underserved segment in Thailand. The Bank targets the micro and SMEs which represent 34.6% of Thai 2021 GDP and 71.9% of total workforce. Total equity stake to be offered at the IPO will be up to 28.2% stake post IPO, including 5.2% new shares and 23.0% secondary shares. The Project will be a continuation of IFCs systematic efforts to promote financial inclusion in Thailand and signal confidence in TCBs inclusive business model. IFCs cornerstone participation in the IPO is expected to crowd in other investors to further support the Banks strategy focusing on MSMEs, digitalization and sustainable finance. IFC expects the Project will provide equity to TCB to complement a previous project (Project #47422) with the Bank, where IFC granted a senior loan, in supporting increased access to finance to underserved MSMEs, including WMSMEs. IFCs systematic social-themed financing will contribute to catalyzing the market by promoting deeper competitiveness in the MSME finance market by demonstrating the viability of a differentiated MSME strategy and stimulating other players to replicate.
TMB RSF Project The Project (TMB RSF) consists on an unfunded Risk Sharing Facility (RSF) of US$70 million to be provided to TMB Bank Public Ltd. (TMB) with a 7-year maturity in order to support the Bank to further extend loans to the SME sector in Thailand. - Support to the SME sector: Increasing access to finance for SMEs an underserved segment in Thailand. - Generate a demonstration effect: The Project is expected to create a demonstration effect for other banks to serve the SME segment more actively, further enhancing IFC''s developmental impact in Thailand.
Chalybs Cylinders Ltd Faber Industrie S.p.A.(Faber) of Italy, a leader in the production of seamless steel and composite cylinders for the storage of high-pressure gases, has established Chalybs Cylinders Ltd. to build a plant in the Eastern Seaboard Industrial Estate, to manufacture seamless gas cylinders (the Project). Technology transfer: As a leading producer of seamless cylinders for the storage of high-pressure gases, Faber uses state-of-the-art technologies and efficient processes, which will be installed in Thailand. Local staff will be trained to a new, highly competitive standard in manufacturing processes and management.  While most gas tanks are made with welded cylinders, Faber produces seamless cylinders using precision technology that empties out a steel profile into a shell and seals it into a tank shape. Faber has developed its own safety control processes.  Climate change: Compared with traditional vehicles, compressed natural gas (CNG) vehicles provide for reductions in carbon monoxide emissions of 90% to 97%, and in carbon dioxide emissions of about 20%.   Other environmental benefits: Combustion of natural gas rather than gasoline in vehicles results in reduced emissions of toxic and carcinogenic compounds and virtually eliminates particulate emissions.  Import substitution/improved access to CNG vehicles: Currently automotive plants in Thailand import high-quality, seamless cylinder parts that are not locally available. The Project''s production will lead to import substitution and contribute to the country''s economic growth. Improved access to CNG vehicles will translate into higher incomes for micro, small and medium enterprises and taxi operators, based on lower operating cost of CNG vehicles, which will contribute to inclusive growth.  Job creation: The Project is expected to create direct and indirect jobs in Thailand.
LAKESHORE CAPITAL II, LP Lakeshore Capital II LP (Lakeshore II or the Fund) is a US$125 million generalist growth capital fund, targeting investments of US$5-20 million in Thai companies, to acquire significant minority and majority stakes. Expected development impacts include:
i) Access to growth capital for SMEs
ii) Increased investee growth as a result of operational improvements and strategic guidance 
iii) Increased PE market activity, increasing the competitiveness of Thailand's PE market, and potentially catalyzing new local fund managers.
Bank of Ayudhya flood relief The proposed investment is a US$ 200 million credit line to Bank of Ayudhya Public Company Limited (BAY) to be used for flood relief purposes by extending sub-loans to SMEs in Thailand. Support the economic recovery: The worst flooding in Thailand in half a century is expected to reduce the country''s economic growth by 1-1.5%. The Project will support the country''s disaster responses by providing source of emergency liquidity.  Financial sectors deepening: The Project will enable a local bank to access foreign currency funding and provide a level playing field with foreign banks that have the benefit of parent funding.  Increase financing to sub-borrowers: The project will contribute to an increase of BAY''s loan portfolio.
SRF Industries (Thailand) Limited SRF Limited (SRF), a producer of bi-axially-oriented polyethylene terephthalate (BOPET) in India, and a market leader in Nylon 6 tire cord as well as belting fabrics, proposes to set up a facility for the production of BOPET packaging films in Thailand (the Plant).  The Plant having a capacity of 28,500 tonnes per annum will be set-up in the SRFs subsidiary SRF Industries (Thailand) Ltd (SRFIT). The project is expected to cost around US$71 million including working capital requirements , of which IFC is considering financing up to US$ 45 mm. The balance will be financed by SRF contribution and loans through local banks. (i)	Improving Local Supply Chain:  Local procurement of about US$10 million is expected during construction.  During operational phase, business for local supply chain will increase.  (ii)	Job creation: The Project is expected to create about 300 direct jobs and 1500 indirect jobs in ancillary units and supply chain. In addition, there will be temporary jobs created during construction phase and during life of the project.  (iii)	 Food Security:  The Project supports the expansion of the food packaging industry, thereby reducing food spoilage and enhancing availability of processed foods.   (iv)	 Enhanced Financial Sustainability through Product Diversification:  The BOPET plant expands the company''s product base in Thailand (currently producing Nylon 6 tire cord), thus providing an additional revenue source, and access to new markets and customers.  (v)	Demonstration Effect of a South-South Investment: The project will facilitate a South-South investment and its success could encourage other Indian companies to expand in emerging markets.
DCM TTB GreenBlue 2021 The proposed Project entails IFCs subscription of up to US$150 million in a USD-denominated bond to be privately issued by TMBThanachart Bank Public Company Limited (TTB or the Bank) to support TTB to grow green financing for electric vehicles (EVs) and to develop its blue financing business (the Project). TTB plans to issue a green bond of up to US$100 million and a blue bond of up to US$50 million via private placement to IFC.  TTB, originally established as Thai Military Bank (TMB) in 1957, was renamed following its merger in December 2019 with Thanachart Bank Public Company Limited. TTB is the sixth largest bank in Thailand in terms of total assets and offers full-fledged commercial banking services in retail banking, corporate, SME banking, life and non-life insurance, investment banking and asset management. Increased Access to Climate Finance: IFCs proposed investment will support TTB to grow the financing of EVs, and, as a financial intermediary, to catalyze the private sector in Thailand to adopt environmental and social sustainable principles, thereby reducing greenhouse gas (GHG) emission.

Increased Access to Finance for Blue Projects: IFCs proposed investment will assist TTB to provide more financing to critical areas such as marine plastic recycling, water conservation and wastewater treatment projects.  
 
Market Creation: The first blue bond to be issued by a Thai financial institution would create market for the new instrument, catalyze the role played by financial intermediary in promoting sustainable development of ocean economy, and set standard for other local financial institutions to replicate. Currently there is no established practice for private sector financial institutions to issue blue bonds, which should include a set of common principles on use of proceeds, measurement, and reporting. Over the course of the investment horizon IFC will apply a systematic approach to developing the blue bond market in Thailand and globally, through a combination of investment, upstream and advisory engagements.
IVL Recycling 2 The proposed investment is for an IFC A loan of up to US$250 million to Indorama Ventures Global Services Limited (IVGS or the Company). In 2020, IFC had provided a US$300 million loan package consisting of a US$150 million IFC A loan and parallel loans of US$150 million from the Asian Development Bank (ADB) and Deutsche Investitions- und Entwicklungsgesellschaft (DEG) to IVGS (Board reference no. IFC/R2014-0206).  IVGS, incorporated in Thailand is a subsidiary of Indorama Ventures Public Company Limited (IVL or the Group), is one of the worlds leading intermediate petrochemicals producers, with a global manufacturing footprint across Africa, Asia Pacific, Europe and Americas. The Companys product portfolio is classified into 3 segments: Combined PET (CPET), Integrated Oxides & Derivatives (IOD) and Fibers. The most significant expected project-level outcomes are (i) stakeholder effects, where the Project aims to fulfil the demand for recycled PET; (ii) economywide effects, where the Project seeks to create value through a circular economy of PET waste and create employment; and (iii) environmental effects, where the Project diverts plastic waste away from environment and channels them to recycling processes. Beyond the Project, IFC anticipates the potential to encourage more PET bottle producers to establish recycling operations.
PSL Loan Project The proposed investment consists of a debt facility to Precious Shipping Public Company Limited (PSL or the Company), to be drawn down over the next 24 months to support the Companys plan to purchase up to six dry bulk carrier vessels (Project Vessels). Each Project Vessel will be owned and operated under a special purpose company (all six special purpose companies are collectively called Project Companies). The Project Companies will be wholly owned by PSL. The Project has an anticipated AIMM rating of Satisfactory. The main project outcome stems from positive environmental effects with the acquisition of six dry bulk vessels that will be more fuel efficient than the average fleet of PSL. Beyond the Project, the investment is expected to help enhance financial integration by demonstrating a more efficient financing structure for the acquisition of dry bulk vessels in the secondhand market, given the limited availability of newbuild vessels as a result of constraints from shipyards.
TCRB Social Loan The proposed investment entails a 3-year senior loan financing of up to US$105 million to The Thai Credit Retail Bank PCL (TCRB) (the Project). Alongside the financing, IFC is considering providing to TCRB with a USD-THB cross-currency swap (CCS) for up to the total notional amount of US$105 million. The proposed investment will be the first social loan to be raised by the Bank, will follow the Loan Markets Association (LMA)s Social Loan Principles (SLP), and will be dedicated to supporting micro, small and medium enterprises (MSMEs) in Thailand. IFC expects the Project to make long-term financing available for supporting the Bank in providing increased access to finance for MSMEs including Women owned/led-MSMEs. IFCs systematic social-themed financing will contribute to catalyzing the market by promoting market sustainability through innovation, capacity building and demonstration channels.
Solar Power (Korat 1) Company Limited The proposed project is a facility of up to ThB230 million (approximately equivalent to US$7.1 million), to be used to invest equity in Solar Power Company Limited (SPC), a Thai developer of grid-tied megawatt-scale solar photo-voltaic (PV) projects, and the first four SPC solar farm projects in Thailand (the Facility). SPC is developing a pipeline of projects in Thailand and its first project is a green-field 6 megawatt peak (MWp) grid-tied solar photovoltaic power plant located in Nakhonratchasima, Thailand, developed as a special purpose vehicle (SPV), Solar Power (Korat 1) Company Limited (SP(KR1)). SPC has another 33 approved licenses for 6MWp solar farms which it also plans to develop as SPVs, subsequent to the successful operation of SP(KR1). SP(KR1) is expected to go into operation in the second quarter 2010 and the next three projects to be developed (SPC2, SPC3 and SPC4) are expected to start construction by July 2010.  Both SP(KR1) and the subsequent solar farms will be developed under Thailands Very Small Power Project (VSPP) program which supports independent generators smaller than 10MW to sell power to the Provincial Electricity Authority (PEA), one of two government owned distribution companies. The power purchase agreement term for such projects is initially for five years with automatic renewal every five years. The project will have high development impact on the Thai solar market by supporting a small but professional Thai developer with their first four 6MW projects, creating a replicable model for the Sponsor and a demonstration effect for local and regional solar IPP developers. The Project will: a) promote private sector investment in the PV sector which is at an early stage of development in Thailand; b) support less carbon-intense economic development by substituting expansion of thermal power with zero-emission renewable energy and 4785 CO2 tons avoided per year for each 6MW project; and c) create direct and indirect employment opportunities in rural area of Thailand during construction and operation of each 6MW project.