devinitorg/iati-policy-markers huggingface dataset:
Proa II Project Proa II  (the Fund or the company) is a private equity fund designed to achieve superior returns by acquiring control and/or shared control stakes in undervalued mid-market Chilean companies.  Proa IIs target size is $60 million.  Proa II will be structured as a Fondo de Inversiones de Desarrollo Industrial-FIDE.  The Fund plans on making 8-10 investments in mid-size Chilean companies which meet at least one of the following criteria: 

-  being a solid local company with a focus in the local market but wanting to reorient sales to export markets; 
-  being a local company which targets servicing export-oriented companies; 
-  industries targeting local or international markets and whose long-term competitive strategy centers on the development of economies of scales which have not yet been achieved; and 
-  selective companies which received investment from Proa I and are seeking to broaden their businesses through international expansion.  

In the latter, Proa will have exited its previous investments in the companies before making a follow-on investment.  Proa II has an 8-year term, extendable up to two 1-year periods with 2/3 shareholders approval, and a 4-year investment period.  The proposed management fee is In line with that of other IFC supported funds.  A first closing is expected in late September 2004.
Luz del Norte The Project consists of the construction and operation of a 141 MW-ac solar photovoltaic power plant in the municipality of Copiapo in Chiles Atacama Region. Energy produced from the project will be injected into the Chilean Central Interconnected System (SIC) at prevailing spot market prices. i. Continue IFC''s track record of providing developmental impact in Chile through the implementation of innovative projects with potential for replication, initially in the small hydro and wind sector and now in the solar PV sector. If successful, these investments could greatly open up the market for rapid development of very large-scale solar energy not only in Chile but in all of Latin America ii. Contribute towards the increase in energy generation to diversify and strengthen the energy sector in the country iii. Enable the implementation of utility-scale zero-emission power generation, decreasing overall emissions of CO2 and GHG. iv. Create jobs in the local market
Sugal Chile Sugal Chile Limitada (Sugal Chile or the Company) is the Chilean subsidiary of the Sugal Group (the Group), a tomato paste producer and exporter. The Group sources tomato in Spain, Portugal and Chile, and processes c.a.1.8 million tons of tomatoes per year.   The proposed IFC investment is composed of an up to USD25 million A loan and an up to USD25 million MCPP loan for Sugal Chile to finance its capex program and permanent working capital, including (i) a new tomato paste production line in Talca, (ii) the maintenance of the Tilcoco Plant, (iii) decarbonization of energy consumption, and (iv) processes reengineering (the Project). The development impact of the project is driven by the support that Sugal Chile provides to the farmers, in addition to the environmental effects reducing GHG emissions and generating energy and water efficiencies. The Project has the potential to have a market impact through resilience, IFC anticipates that projects under the Global Food Security Platform ("GFSP") will contribute to maintaining and strengthening resilience in the global food supply market.
SunEdison Merchant The Project consists of the construction and operation of an approximately 50 MW solar photovoltaic power plant in the municipality of Copiapo in Chiles Atacama Region.  Energy produced from the project will be injected into the Chilean Central Interconnected System (SIC) at prevailing spot market prices. 1. Increasing Chile''s renewable energy output, and helping the country meet its renewable energy targets, including by diversifying its energy mix;  2. Providing a global demonstration effect of the viability of financing a merchant power project with no feed-in tariffs; 3. Enable the implementation of utility-scale zero-emission power generation, decreasing overall emissions of CO2 and GHG.
Navy Blue Project The proposed investment consists of: (i) an equity investment of up to US$20 million equivalent in Chilean pesos (CLP) in newly issued common shares of Tanner Servicios Financieros S.A. (Tanner or the Company) to support the Companys growth during the setup of a full commercial bank, and (ii) a 5-year senior unsecured convertible loan for up to US$20 million (the C Loan) to finance the Company and new banks electro mobility sub-projects and micro, small and medium enterprises (MSMEs) portfolio, including women-owned small and medium enterprises (WSMEs) (the Project).  In January 2024, Tanner obtained a provisional authorization from the regulator to establish a banking subsidiary, the first of a 3-stage phased approval process. IFC will support the Company with capital to facilitate the transformation process. Project Outcome  
Stakeholders  access to finance for SMEs including women-owned SMEs: While Chile has made progress in reducing the gender gap in terms of financial access, a significant gender disparity still exists especially in access to credit, as only 23% of the systems commercial loans are destined to women-owned enterprises. The financing provided by IFC will help Tanner to execute the goals established through its new sustainability framework created a in 2023 which includes goals to increase its financing to sustainable areas such as women-owned businesses and clean transportation. 

Stakeholder effects  Access to climate finance, electric vehicle financing: Financial institutions like Tanner will play a critical role to support the transition to a cleaner way of transportation . Through the Project, IFC will support Tanner to help the Company develop a strategy to further strengthen its lending operations in electromobility.

Market Creation 
Sustainability: One of the mayor contributors to greenhouse gas (GHG) emissions in Chile is the transportation sector. In order to achieve a de-carbonization of the transportation sector, Chile will require a fast uptake of electric vehicles (EVs). In this project, IFC will support Tanner in transforming into a commercial bank, bringing in a new player in the segment with a clear strategy focused on clean transportation. IFC anticipates that the Project will show other players the financial viability and growing opportunities in EV financing, supporting green transportation, and leading to the reduction of GHG emissions through the demonstration and replication channels.
La Huayca II The Project will expand the existing 1.4 MW La Huayca I photovoltaic (PV) solar power plant, to a total capacity of 30.5 MW.  The plant is being developed by Selray Energias Ltda. (the Sponsor), a joint venture between German solar developer Saferay GmbH and a local electrical engineering and service company, Seltec Ltda., and would be the first large-scale merchant solar project in Chiles SING (Northern Interconnected Electricity) system.  The Project consists of the installation of 124,738 fixed tilt solar panels on approximately 50 hectares of land owned by Seltec and the plants connection to the grid through an 18 km transmission line.  The Project is expected to have a total cost of US$67 million, excluding VAT, with construction beginning by July 2013 and be fully completed by March 2014.  The project will be implemented through SPS La Huayca S.A. (the Project Company), a special purpose vehicle incorporated in Chile, and owned 100% by Selray Energias Ltda.  Energy produced from the Project would be injected into the SING system at prevailing spot market tariffs. Such a project, which would sell its output to the spot market with no feed-in or subsidized tariffs, would be the second for IFC behind the Aura Solar project in Mexico, and one of the first debt-financed solar projects worldwide without such support.    The Project will support the Chilean governments concerted effort to encourage development of unconventional renewable energy (ERNC) (includes all Renewable Energy except large scale hydro projects). The IFC investment will: (i) provide a critical global demonstration effect of the viability of financing a solar merchant power project with no feed-in tariffs; (ii) enable the implementation of utility-scale zero-emission technology power generation sources, decreasing overall emissions of CO2 and GHG; and (iii) continue IFC''s track record of providing developmental impact in Chile through the implementation of innovative projects with potential for replication, initially in the small hydro and wind sector and now in the solar sector.  If successful, this investment could greatly open up the market for rapid development of solar energy in the country.
Consorcio RE The proposed transaction aims to support Banco Consorcio in Chile (the Bank) through a senior loan which would facilitate resources for sustaining the Banks capacity to provide project financing for smaller Non-Conventional Renewable Energy (NCRE) projects that IFC cannot reach directly. The Project will foster the creation of new NCRE sources that have a low environmental impact (solar, wind, small-hydro and geo-thermal) with lower GHG emissions.  Financing for additional energy sources will help mitigate the energy shortage and improve energy self-sufficiency in Chile.  The Project is also expected to have a strong impact on job creation, both directly and indirectly.  Renewable energy projects require substantial construction work, a strong job generator especially for people in the bottom of the social pyramid.
Engie Chile UCL The proposed investment consists of an unsecured corporate facility of up to US$400 million (A Loan of up to US$200 million and mobilization of the balance with US$ 114.5 million from MCPP investors and US$ 85.5 million from B lenders or Parallel Lenders) to ENGIE Energía Chile S.A. (EECL or the Company). The facility is structured as loan that combines a traditional green use-of-proceeds with sustainability-linked financing features and will include price reductions upon the continued achievement of sustainability objectives. The proceeds will finance part of the Companys decarbonization plan away from coal through the financing and releveraging of new and existing renewable energy assets consisting of solar PV and battery energy storage systems (BESS). The direct anticipated impact of the projects earmarked by IFC is to generate stakeholder level effects based on reduced environmental impacts. Beyond the project, the main expected market effects are a) to improve power sector resilience by reducing reliance on fossil fuels and adding stability to the distribution network, and b) promote financial integration by introducing a replicable instrument to the market, thus diversifying, and increasing sources of financing for the sector.
Factorline Project The project consists of a loan of up to $5 million to Factorline S.A. (Factorline or the company), one of the leading factoring companies in Chile. Factorline was founded in 1993 and it is the fifth factoring company in Chile by volume of overall factoring operations and the largest factoring company in Chile by volume of international factoring.  Through its factoring operations, the company provides key financing to over 1,600 medium and small enterprises in Chile, enabling them to grow their sales, revenues and employment.   The purpose of this investment is to enable Factorline to diversify its funding with a longer term and more stable funding source, and to support the growth of Factorlines international factoring operations.
Santander CH RSF The proposed investment (the Project) is a 50-50% unfunded risk sharing facility with Banco Santander Chile (Santander or the Bank) on a portfolio of trade-related assets for up to US$300 million and an availability period of 3 years. As part of the Project, Santander Chile will retain at least 50% of the total portfolio exposure, while IFC will take the risk of the remaining 50% or up to US$150 million. The Project will provide Santander with a risk mitigation tool which will allow the Bank to preserve capital for a portion of its trade-related assets. The total capital conserved per annum will be redeployed to generate up to US$150 million to finance climate-related and small and medium enterprises (SMEs) portfolio. The most significant, expected Project-level effect is increased access to climate finance and SMEs. Beyond the Project-level impacts, IFC anticipates that the investment will promote competitiveness of climate financing market by enabling Santander, a large private sector bank, to grow its business in this space, which demonstrates to the market a replicable solution and encourages private sector FIs to invest in climate-related business and to expand lending to SMEs.
Consorcio Loan The proposed investment consists of a senior A Loan to Banco Consorcio S.A. (Banco Consorcio or the Bank), for up to US$250 million, to support the growth of the Banks mortgage portfolio in Chile with a percentage of the loan proceeds destined as housing loans for women. The loan will have a 5-year tenor and a 3-year grace period. IFC anticipates that the Project will help narrow the housing finance gap in Chile by improving access to housing loans and mortgages, with a special focus on housing loans for women. Only 41% of the systems mortgage loans are destined to women, as there are several barriers that women face to own a house in Chile, including: (i) less disposable income as women in Chile earn 22 percentage points less compared to men; (ii) women in Chile work an average of 12 more hours than men when including unpaid work, which leaves them with less free time to deal with the bureaucracy of applying for a loan; and (iii) women face discrimination in obtaining credit as found by a report that showed that credit requests submitted by women had less probabilities of being approved by banks compared to requests submitted by men. 

For the past five years, Banco Consorcio has been constantly expanding its housing portfolio, which reached US$1.5 billion as of December 2022 (posting a 67% CAGR since 2017). Women were present in 51% of the Banks mortgage loans, as either the only borrower (34%) or as a co-borrower (17%). By the end of the Project, it is expected that at least 60% of the Projects funds will be destined to provide housing loans for women (either as only borrower or co-borrower).
SanCh RSF III The proposed investment is a 50-50% unfunded risk-sharing facility (RSF) with Banco Santander Chile (Santander or the Bank) on a portfolio of medium and large corporate loans for up to US$300 million and an availability period of 3 years. As part of the Project, Santander Chile will retain at least 50% of the total portfolio exposure, while IFC will take the risk of the remaining 50% or up to US$150 million. The Project will provide Santander with a risk-mitigation tool which will allow the Bank to preserve capital for a portion of its medium and large loan portfolio. The total capital conserved per annum will be redeployed to generate up to US$150 million to support the Banks small and medium enterprises (SMEs) and women-owned SMEs (WSMEs) portfolio. The most significant, expected Project-level outcome is increased access to finance for SMEs  and WSMEs-related assets in Chile. Beyond this outcome, IFC anticipates that the investment will contribute to the resilience of the Chilean financial sector by promoting the use of a risk management instrument.
Factorline EQ The proposed project consists of an equity investment of up to $15 million in Factorline S.A. (Factorline or the  company). This project is aimed at both supporting the promotion of MSME lending in Chile with a particular focus on factoring and other financial products targeted at small and micro enterprises; as well as enhancing the liquidity and the scope of the private equity market in the country.  Factorline stands as the largest independent factoring company in Chile with a total portfolio of $183 million equivalent and about 2,500 clients as of December 31, 2006.  The company is distinguished for targeting primarily small businesses that are currently underserved by the traditional banking sector, fostering the growth of domestic and international trade undertaken by MSMEs in the country.  Factoring plays a significant role in supporting the growth of MSMEs in Chile, providing an alternative to traditional bank financing and thus enabling MSMEs to finance their working capital, increase sales and expand their operations. Although the companys growth in the last years has been solid with a portfolio increase as of year-end 2006 of nearly 60% versus 2004, a larger equity base would enable the company to further develop and expand its operations.  Through this investment, IFC could play a significant role by supporting the growth of a financial intermediary serving niche MSME segments. The development impact of the project is expected to be high in terms of its support for productive small businesses and its stimulus for growth and employment generation. Niche players like Factorline fill an important role in the Chilean market. Thus, by having a stronger capital base, Factorline will be able to grow and diversify its asset base increasing the funding available to its target market, MSMEs. As a result, the project will:  - support the growth of productive or service small and micro businesses which increases their income and profitability as well as employment generation; and  - will expand the SME funding beyond simply factoring services by offering a wider range of financial products to SMEs such as auto loans and consumer loans.
SanCh CL Project The investment consists of a 4-year senior unsecured bullet A loan of US$200 million to Banco Santander Chile (Santander or the Bank) to support its mortgage lending operations with 100% of those proceeds allocated to women. The most significant, expected Project-level outcome is increased access to finance for gender housing related assets in Chile. Beyond this outcome, IFC anticipates that the investment will promote greater inclusiveness in Chiles mortgage market by demonstrating to other banks the business case for providing mortgages to women with a targeted and systematic approach.
Lauca Project The Project consists of an equity investment of approximately US$140 million in Consorcio Financiero S.A. (Consorcio or the Holding) to support the Holdings growth in Chile and its regional expansion outside of its home market.   Consorcio is one of the leading financial groups in Chile with almost 100 years of existence. Consorcio is mainly formed by three insurance companies, (Consorcio Seguros de Vida, Consorcio Seguros Generales, and CNLife Seguros de Vida) and a bank (Banco Consorcio or the Bank). The Project will support a local financial player with deep roots in LAC, which is expected to diminish the volatility derived from large international investors entering and exiting the developing markets.   Furthermore, the Project will support the development of the insurance sector in Chile and the region. Increased insurance coverage allows households, companies and investors to assume more risk than would otherwise be possible on their own, while protecting productive assets and income. In addition, insurers deploy long-term funds into the economy, allowing for long-term fund accumulation, thus supporting economic development and infrastructure build-up. This is particularly relevant for insurers such as Consorcio with a strong life insurance business, which take on long-term liabilities to provide life coverage to their policyholders and therefore seek long-term assets to invest in.   Finally, part of the Project's funds will be used to support Consorcio's south-south expansion strategy. As the largest life insurance player in Chile, an advanced insurance market in the region, the Company is expected to bring capacity building to less developed insurance sectors in the region, strengthening these markets.
Project Martina The proposed project involves supporting Banco Internacional (the Bank or BI) in establishing its agribusiness business unit to originate an SME focused agribusiness portfolio and support the development of a women-owned SME portfolio - high priority segments for IFC (the Project).   The Project will provide dedicated Agri-SME and gender funding to BI, enabling it to increase its lending activities in the agricultural sector and develop its women-owned SME portfolio. In addition, the Project is expected to have a high development impact by helping an IFC existing client increase the range of financial products available to Chilean Agri-SMEs and farmers as well as women entrepreneurs. The proposed transaction is expected to generate the following development impacts: - Increase the access to long term finance to farmers, Agri-SMEs and women-owned SMEs, which is highly needed in order for them to undertake capital investments; - Contribute to strengthen the food supply chain, job creation, productivity increase and rural economic development; - The proposed transaction would contribute to the formalization of Agri-SMEs and women-owned SMEs in the country as it will be a clear demonstration of the additional benefits such as having access to long-term financing at adequate terms in line with the business needs; - BI will comply with IFC''s E&S requirements and exclusion list in its underwriting process.
Itau Chile CL The proposed project consists of a 5-year loan for up to US$100 million to be provided by IFC to Banco Itau Chile (Itau Chile or the Bank") and a 3-year loan for up to US$100 million to be mobilized from other lenders under IFC''s B lender program to support its lending activities to small and medium enterprises (SMEs) and women-owned SMEs in Chile.  Itau Chile is the eighth largest bank in Chile and is expected to merge with Corpbanca in the first half of 2016, resulting in one of the five largest players in the sector. The Bank employs approximately 2,550 staff and has 98 branches throughout the country. The Bank operates with all client segments from individuals to corporate clients offering a full set of financial products. IFC''s long-term financing is expected to bring high development impact by enhancing the Bank''s capacity to support access to finance for SMEs, resulting in higher growth, employment generation and poverty reduction. Furthermore, the project would also generate a demonstration effect by signaling other private investors about the potential presented by women-owned SME sector in Chile.
Factorline CL The proposed investment consists of a $15 million credit line of five years to Factorline S.A. (Factorline, the company) for on-lending to small and midsize companies in Chile. The primary objectives of the project are:   - to foster access to medium to long term financing for small and medium businesses in Chile with a particular focus on factoring, leasing and other financial products targeted at that niche, and  - to support the growth of a strategic local partner with a commitment to fulfill the funding needs of a segment that is a key driver of Chiles economic growth. The development impact of IFCs loan to Factorline is expected to be significant in terms of its support for productive small businesses:  - Enhance access to long-term finance for SMEs.   The project will allow Factorline to provide its SME client base access to funding with longer maturities enabling these to undertake capital investments at longer tenors and attractive costs. This will contribute to increase their income and profitability as well as employment generation.  - Support the growth of regions outside Santiago.   Factorline has a strong presence across the country and it is very active in regions outside Santiago, where there is a lack of large investments and where SMEs are key component to develop the regional economies and contribute to growth and job creation.   - Promote leasing.   Leasing has become a very attractive alternative for SMEs when the term finance from other sources is scarce, due to some advantages over conventional borrowing.