devinitorg/iati-policy-markers huggingface dataset:
Sermsang Solar The investment involves providing a long-term senior secured green debt package of up to THB2.4 billion (US$67 million) to Sermsang Palang Ngan Company Limited (SPN, Company or the Borrower), a wholly owned subsidiary of Sermsang Power Corporation Public Company Limited (SSP or the Sponsor) for financing the Companys 52 MWp operational solar power plant in Thailand (the Project). The proposed investment consists of an (i) A Loan of up to THB1.2 billion (US$33.5 million) and a (ii) parallel loan for an equivalent amount.     Proceeds of IFC A and parallel loan shall be utilized to refinance existing project debt of SPN (for an existing solar project located in Lopburi, Thailand) and the corporate debt of SSP in total around THB1,566 million (c.US$44 million) while the balance amount from the parallel lender would be utilized by the Sponsor to finance the acquisition, development and construction of renewable energy projects (solar farms, solar rooftops, wind and biomass) across Asia. No IFC funds will be used to acquire or develop other projects identified by the Sponsor. The investment is expected to support the Sponsors strategy to expand its RE portfolio while increasing  RE capacity in targeted markets including Vietnam, Thailand and Indonesia and sustainably addressing growing energy demand in markets dominated by thermal power. Beyond the Project, the investment is expected to improve financial integration by demonstrating the use of green loan financing aligned with international green loan principles (GLP), which has potential for broader uptake.
MUL EE Thailand The project entails a risk sharing facility (the Facility) of up to $70 million equivalent to Bangkok Mitsubishi UFJ Lease Ltd, (BMUL). BMUL is one of active leasing companies in Thailand especially in an area of auto leasing business, established in 1993. BMUL is a subsidiary in Thailand of Mitsubishi UFJ Lease & Finance (MUL) which is second largest leasing company in Japan (based on operating asset scale as of Dec.2010). This Facilitys aim is to increase funding to energy efficiency (EE) projects, renewable energy (RE) projects and ESCO lease projects through BMUL. The following development benefits are expected:IFC is contributing to the development and diversification of the financial sector by assisting in the development of new markets and product lines with significant growth potential. By sharing credit risk in the EE/RE/ESCO lease portfolio, IFC provides comfort to and reduces risks taken by financial institutions, especially those entering into such new markets in Thailand for the first time. 
IFCs project complements BMULs strategy to support the EE, RE and ESCO sectors and will enable BMUL to manage risk and grow its assets at a faster pace than it would on its own.Environmental and social benefits: Thailand is heavily dependent on energy as an input and has one of the highest electricity rates in the region. The project will contribute to increasing efficiency in industry and reduce operating costs. In addition, the project will also contribute to pollution reduction by increasing usage of more efficient technologies with fewer harmful side-effects.
SPC 4-5 Project The Projects are two green-field 6MWp grid-tied solar photovoltaic power plant located in Nakornratchasima and Loei, Thailand (the Projects) and developed as special purpose vehicles, Solar Power (Korat 2) Company Limited (SPKR2)) and Solar Power (Loei 1) Company Limited (SPLO1) (together the Companies), by Solar Power Company Limited (SPC or the Sponsor).  The Project will be developed under Thailands Very Small Power Project (VSPP) program which supports independent generators smaller than 10MW to the Provincial Electricity Authority (PEA), one of two government owned distribution companies.  The PPA term is indefinite with renewal every 5 years. The Projects will have high development impact on the Thai solar market by supporting a small but professional Thai developer with the development of their further solar farm licenses 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 4,785 CO2 tons avoided per year per project; and c) create direct and indirect employment opportunities in rural area of Thailand.
Fabrinet Project The proposed project consists of upgrading the technology and expanding the production lines of Fabrinet.  Established in August 1999 as a spin-off from Seagate, the company became operational in January 2000.   Fabrinet is a provider of contract assembly services and specializes in the production of components for two main customer segments: magnetic memory mass storage, and optical devices.  The project will enable the company to: service higher technology requirements for its customers; generate additional programs from its customers; and support for increasing orders from existing and new optical component customers.     Development Impact     The project is expected to bring about significant benefits to consumers by improving the quality, reliability, and cost structure of the end-product into which the Fabrinet''s output is assembled;   The proposed transaction is IFC''s first re-engagement in Thailand''s manufacturing sector after several years of cautiously watching the overall developments in the country; and   The project is expected to demonstrate that IFC remains a viable source of long-term financing in Thailand for corporates with good management and solid business fundamentals.     IFC''s Role     IFC will provide long-term foreign currency financing which is not available to the company in the local market.  IFC''s long-term financing will enable better matching of cash flows, generated from the investment project, with the debt service obligations.  IFC''s investment will allow the company to acquire the necessary technology to remain competitive and retain and expand its customer linkages; and   IFC''s investment supports a high profile provider of electronic manufacturing services which is also a key producer in the supply chain of Thailand''s computer hard disk drive manufacturers.  Overall, the electronic manufacturing services sector in Thailand has been an important engine for economic growth for the past decade and, in recent years, computer hard disk drives have consistently represented around 10% of Thailand''s total annual exports.
LAKESHORE CAPITAL I LP Lakeshore Capital Fund I (Lakeshore I or the Fund), a Cayman Islands exempted limited partnership, is a private equity fund seeking $100 million in capital commitments to build a port­folio of equity investments in mid-sized, growth-oriented companies operated in Thailand. The Fund would help private sector development by supporting growth and operational improvement of its portfolio companies. Lakeshore I is also expected to improve the portfolio company's long term sustainability through the implementation of IFC's environmental and social standards. Lakeshore I would support private equity investments in the Fund's target country and thus it would help develop the financial markets in Thailand. Through the investments, the Fund is also expected to create jobs.
Thailand International Rating Agency Thai International Rating Agency, Inc. or  TIRA is to be sponsored by Fitch IBCA Inc. (FII), and will provide a full range of ratings services, with its core business being ratings of long-term and short-term securities issues, general credit ratings (i.e., issuer ratings) and other specialized rating types. Supplemental products will include analytical reports, sector studies, and data reports. TIRA also plans to offer seminars, either independently or in conjunction with FII''s existing credit training workshop series. The creation of TIRA will enhance Thai clients'' access to high quality, independent ratings and related products using internationally acceptable standards and methodologies.     The creation of a new independent and professional credit rating agency is fully supported by the Thai Government, which sees such an agency  as part of its post-crisis strategy to restore public confidence in financial markets and institutions, and to further the development of domestic bond market. Under the present regulations, bonds with the size of over THB 100 million and with more than 10 holders will have to be rated. Starting from April 3, 2000, both private placements and public offerings will have to be rated (previously only public offerings had to be rated).     IFC has actively sought to assist the development of Thailand''s financial infrastructure since the country''s markets were first liberalized in the 1970s. IFC has played a catalytic role in the establishment of a first joint venture rating agency. IFC is instrumental in the creation of this joint venture. IFC is seen as a neutral party that brings credibility and rich experience in creating professionally managed credit rating agencies in emerging markets.
DCM BAY Green Blue Bond The proposed investment is IFCs subscription of up to US$400 million in a 7-year green and blue bond to be privately issued by Bank of Ayudhya Public Company Limited (BAY or the Bank), of which US$50 million will be dedicated to supporting the development of the Banks blue assets related to ocean-friendly projects as well as protecting clean water resources, with the remaining subscription amount dedicated to supporting the growth of the Banks eligible green assets (the Project). The entire bond will adhere to the International Capital Markets Associations (ICMA) Green Bond Principles, with the blue portion also following IFCs Guidelines for Blue Finance. The most significant expected Project-level outcomes are increased access to climate finance and blue finance. At the market level, IFC anticipates that this Project in Thailand, along with projects being currently pursued under this approach regionally, will catalyze private sector financial institutions to allocate capital to environmental challenges through the issuance of green/blue bonds.
IVL Thailand The proposed investment is for up to US$150 million equivalent in A Loan and mobilization of up to US$150 million equivalent in Parallel loans to Indorama Ventures Global Services Limited (IVGS or the Company).    IVGS, incorporated in Thailand is a subsidiary of Indorama Ventures Public Company Limited (IVL or the Group), is one of the worlds leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia Pacific, Europe and Americas. The companys portfolio comprises Integrated PET, Olefins, Fibers, Packaging and Specialty Chemicals. IVL is a leading global producer of resins with integrated operations in the polyethylene terephthalate (PET) value chain. Economywide effects: The Project will restore the lost economic value of valuable PET resources through a circular economy of PET waste and create employment. 

Stakeholder effects: The Project will increase PET recycling capacity in targeted emerging markets to meet the growing demand for recycling PET in food and beverage applications.

Environmental effects: The Project is expected to divert PET waste from land and marine environment through recycling. The Project is also expected to reduce Greenhouse Gas (GHG) intensity through replacing virgin PET with recycled PET, and implementation of other sustainability projects such resource efficiency and renewable energy.

Sustainability: The Project will  promote a circular economy for PET bottles and catalyze the changes in the market by demonstrating innovative business models and best practices, and through capacity building.
AWC Green Loan IFCs proposed investment is a green loan of Thai Baht (THB) 4,500 million (equivalent of US$137 million) to Asset World Corp Public Company Limited (AWC or the Company). The IFC green loan, expected to be compliant with the International Capital Market Association (ICMA) Green Bond Principles, will be used toward energy efficiency measures in the refurbishment of four hotels, the greenfield development of two new hotels in key tourism destinations of Thailand including Bangkok, Hua Hin, Koh Samui and Chiang Mai and working capital to support the gradual re-opening of hotels following Covid-19-related shutdowns.  AWC is the key real estate and hospitality arm of Thai Charoen Company (TCC) Group (the Group).  AWC is the largest hospitality operator in Thailand by number of rooms and has a growing and diverse portfolio of assets in hospitality and lifestyle destinations, retail and commercial workspaces, with ten retail centers and four office buildings. 1) Job Creation: In terms of local employment, IFC expects the Project to create several direct jobs for the two new hotels such as receptionists, cleaners, security, restaurant workers as well as the indirect jobs in the hotel's supply chain and related linkages such as taxi companies and tour guides. It is expected that [XX%] will be female employment.
2) Domestic suppliers: The Project will also include refurbishments of old hotels, improving the quality of buildings and service offerings, which is in line with the Thai Ministry of Sports and Tourism and the Tourism Authority of Thailand (TAT)'s objective of shifting Thailand's offering from "mass-market, quantity" to "high-value, quality".  Local suppliers of goods and services will benefit from greater demand for higher volume and from demand for better quality products and services that allow for greater value added. Close to 100% of AWC suppliers are domestic.  
3) Effect on employees: On average, 60 hours of training will be provided to a hotel employee. The training is given all staff, even hourly employees, and includes essential skill and knowledge areas such as culinary, rooms operation and purchasing, as well as other discipline-specific skills in finance, HR, IT, loss prevention, marketing and sales.  In addition, most of the international hotel brands which AWC use are committed to developing people.  Managerial staff participate in management training programs. . By upskilling its employees, AWC will contribute to the mobility of these employees who can progress to higher level jobs in the same company or move to other companies in the services sector. 
4) Effect on sourcing: Thailand's hotel supply chain is made up of many small and medium size enterprises (SMEs) including small manufacturing companies and smallholder farmers linked to the hotel food and beverage and procurement value chain. AWC estimates that it procures around 30% from local SMEs including give examples. AWC has worked with local suppliers to improve the quality to meet the standards of the renown global hotel operators such as Marriott, Le Meridien, Hilton and Sheraton.
RATCH Loan Project IFC is considering providing US$150 million Sustainable Loan to RH International (Singapore) Corporation (Singapore) Pte. Ltd. (RHIS), a wholly-owned indirect subsidiary of RATCH Group Public Company Limited (RATCH or the Company).  RATCH is the largest private sector power generating company in Thailand, contributing 13% of total installed generation. The Company owns and operates power generation assets of 7,053 MW and has another 1,237 MW projects in pipeline. RATCH has power generation assets across Thailand, Australia, Lao, Vietnam and Indonesia and investments in other infrastructure businesses, such as  transport, telecom, water, and healthcare in Thailand. RHIS is the investment holding company for all of RATCHs international operations.  As part of their corporate mission, RATCH has set clearly defined Sustainability goals, one of which is increasing the Companys renewable energy portfolio to 25% of total capacity by 2025 (from 15.6% at present). RATCH will use the Sustainable Loan to: (a) increase their equity stake in Fareast Renewable Development Pte Ltd (Fareast) and refinance equity invested in the past; (b) take a minority shareholding in Principal Capital Public Company Limited (Princ); and (c) other greenfield or existing  renewable energy projects in emerging markets, including Vietnam, Indonesia, Thailand and Lao (the Project). The Project is expected to lead to positive stakeholder effects arising from supporting several green and social projects through the Sustainable Loan. As public awareness of climate change and social disparities continue to grow, more infrastructure companies are seeking to shift their businesses towards more sustainable models which support the achievement of NDCs and meet investor demand for investments that are both profitable and contribute positive environmental and social impacts. The Project is expected to demonstrate to other infrastructure companies in Thailand the application of a sustainable finance framework which adopts international principles on project evaluation and selection, management of proceeds, and reporting. This is expected to help the Company effectively utilize relatively new financing instruments such as sustainable loans which would provide flexibility to fund a combination of eligible green and social projects.
NTL LCY Loan The proposed investment consists of (i) a three-year loan of up to US$100 million to Ngern Tid Lor Company Limited (NTL or the Company), a leading non-bank financial institution (NBFI) in Thailand; and (ii) a cross-currency swap to help NTL hedge the currency and interest rate risks. The Company offers vehicle title loans, hire purchase and insurance brokerage to the underserved micro and small enterprises and individual customers across the country. It had total asset of US$1.6 billion and gross loan portfolio of US$1.5 billion as of September 30, 2020. Project-Level Outcome: Stakeholder effects - increased access to finance for micro and small enterprises.
The project is expected to contribute towards addressing the financing gap on micro and small enterprises in the country, particularly in the less developed areas of Thailand where NTL has strong presence. The Project is expected to support NTL to grow its financial services to un(der)served micro and small enterprises and support their businesses. 

Market-Level Outcome: Inclusiveness 
The project is expected to contribute towards increasing access to quality financial services for the underserved segment in the country, have demonstration effect for efficient services with the use of technology and promote responsible finance practices among the NBFIs in Thailand.
TelecomAsia TelecomAsia was established by the Charoen Pokphand Group (CP Group) in November 1990 and is a strategic alliance between the CP Group and Verizon Communications (formed by the merger of Bell Atlantic and GTE).   In 1991, TA was granted a 25 year concession by the state-owned Telephone Organization of Thailand (TOT) to build and operate 2.6 million lines for the fixed line telecom network in Bangkok.    As a result of the Asian crisis in 1997 and the resultant Thai economic downturn and currency devaluation, the company''s financial situation deteriorated.  A financial restructuring was completed early in 2000 which resulted in a more appropriate repayment schedule for outstanding debts.    The proposed project would refinance foreign currency debt with long term local currency debt raised in Thailand.  IFC will partially guarantee the longest maturity tranches in order to promote and develop longer maturity corporate debt issuance in Thailand, provide quality long term investment opportunities for local investors and assist TelecomAsia in completing the post crisis rebalancing of its capital structure in a sound and sustainable fashion.
North Haven Thai Private Equity Fund L.P. North Haven Thai Private Equity L.P. (the Fund) is a generalist private equity fund with an initial 10-year term targeting mid-market companies with significant operations in Thailand. The Fund is seeking to raise up to $300 million in total committed capital.    Disclaimer:    This publication does not constitute an offer to sell or buy any securities, and is not directed at individuals located within the United States. Expected development impact includes (i) implementation of an Environment and Social Management System ("ESMS") by the Manager and subsequent implementation of Environmental, Social and Governance ("ESG") best practices at portfolio company level, (ii) economic growth, job creation and expansion of local businesses that is expected to come through the business growth of the portfolio companies and (iii) private sector development as the Fund will be actively involved in the business strategy and operations of the portfolio companies.
Lombard Asia IV Lombard Asia IV L.P. (Lombard Asia IV or the Fund), a Cayman Islands exempted limited partnership, is a private equity fund seeking $400 million in capital commitments to build a portfolio of equity and equity-linked investments in middle market, growth-oriented companies formed and operated in Southeast Asia. The Fund would help its portfolio companies create jobs, potentially covering the rural areas and increasing female employment.  The Fund would help private sector development through supporting growth and operational improvement of its portfolio companies.  The Project would support private equity investments in the Fund''s target markets, helping develop the financial markets in its target countries.
TMB flood relief The Project (TMB flood relief) consists of the provision of a loan of up to $100 million to TMB Bank Public Company Limited (TMB) with a 3-year maturity to be used for immediate flood relief purposes by extending sub-loans to SMEs in flood-affected areas of Thailand. TMB is a wholesale bank with focus on corporate, SMEs and retail clients, and a growing presence outside of Bangkok. Support the economic recovery: The worst flooding in Thailand in half a century is expected to reduce the country''s economic growth rate by 1-1.5%. The Project will support the country''s disaster responses by providing a source of emergency liquidity. Financial sector 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 TMB''s loan portfolio.