devinitorg/iati-policy-markers huggingface dataset:
BT Health Project The proposed project consists of a EUR50 million unsecured 7 years senior loan to Banca Transilvania (BT or the Bank) for further on-lending to primarily micro and small medical service providers (the Project). The proposed project is expected to have strong development impacts in supporting underserved segment of the Romanian economy, namely private healthcare providers, and in contributing to improved access to healthcare, especially primary care, and increased standards of care for wide strata of Romanian population. The Project would contribute to development and increased transparency of the private healthcare sector in the Romania through supporting the institutionalization of private providers migrating from informal business and grey areas within the public sector. The Projects would support small, micro enterprises and individual healthcare professionals by providing access to finance on acceptable terms, enabling them to expand and modernize their operations. Finally, the Project would contribute to retention of qualified healthcare professionals in the Country and in the health sector by expanding opportunities for employment in private health sector or starting own business.
BT Conv. Bond The proposed project comprises an IFC investment in a subordinated convertible bond to be issued by Banca Transilvania S.A. (BT or the Bank)  a long standing client of IFC. BT is the third largest bank in Romania with total assets of EUR6 billion, equity of EUR537 million, and net income of EUR54 million as of the end of December 2011. This new IFC investment is aimed at supporting a bank committed to fulfill the funding needs and  is designed to strengthen the Banks capitalization. Specific positive developmental impacts are expected to be: (i) Strengthen the capital base and adequacy of a systemically important bank in Romania, and do so in a more efficient manor than raising Tier I capital. In light of the difficult economic context, a strong capital base is very important, not only because it will reduce the solvency risk for the Bank, but it allow the Bank to consolidate its position on the market. (ii) Allow the Bank to continue to grow its loan portfolio. In the absence of this investment, the Bank could be required to reduce its loan portfolio growth, reduce its exposure to riskier asset classes or increase Tier I capital, which would be costly at this stage.  (iii) Demonstrate the ability of a domestic Romanian bank to attract investments from international investors in difficult financial times; and bolster depositors'' confidence in the banking sector of Romania by signaling IFIs'' continuing support and commitment to the Romanian banking sector.
DARP Romania The existence of a strong Distress Assets (DA) market constitutes an important element contributing to the appropriate performance of the financial industry in any economy. In this context, the proposed project is part of IFCs program to promote the development of a DA market in Romania. To achieve this, IFC would be partnering with APS Holding SE (the Company), directly or indirectly through one or more of its affiliates, to acquire and service non-performing loans (NPLs) on Romania market. - Economic Development: The successful implementation of the project will improve the secondary market for distressed assets in Romania and could catalyse interest of other investors.   - Business Environment: As banks in the region increase the sale of their distressed assets to independent private investors, the transparency of those institutions'' balance sheets should improve as these assets would be priced according to market conditions.  - Financial Infrastructure: IFC''s involvement in this project would allow the ability of financial intermediaries in the country to offload their assets, particularly non-performing ones, improve liquidity and permit banks to devote resources to originating new transactions.
BT Leasing Bond The Project entails IFC investment in a senior unsecured bond issuance by BT Leasing Transilvania IFN S.A. (BT Leasing), a leasing subsidiary of the largest banking group in Romania, Banca Transilvania S.A., to support expansion of the companys leasing program to small and medium enterprises (SMEs) and growing of its climate finance business. The Project is an investment in the first senior unsecured bond issuance by a leasing company in Romania on Bucharest Stock Exchange. IFC will play the leading role by investing in up to 50% of the total issuance. The development impact of the Project is expected to be: at the project outcome level:  i) increased access to climate finance, including energy efficiency and resource efficiency projects for SMEs; ii) increased access to finance for SMEs. At the market creation level: i) increased competition in the climate business space through demonstration channel; iv) better financial integration of locally-owned non-banking financial institutions (NBFIs) into capital markets and development of corporate bond market in Romania.
Romanian American Enterprise Fund (Small Business Lending Program) Summary Of Project Information (SPI)       Project Name    Romania - Small Business Lending Program            Region    Central Europe        Sector       Project No007760   Projected Board DateSeptember 30, 1997   Company NameRomanian-American Small Business Lenders Ltd.   Technical Partner and/or Major Shareholders    	The technical partner will be Shorebank of Chicago, an acknowledged leader in the design of small business lending programs.    Project Cost Including proposed IFC investment    	US$10 million initially, but expected to reach US$20 million over time.    Location of project and Description of site    	Borrowing Romanian enterprises will be identified in the future; their locations will be in Romania.    Description of Company and Purpose of Project    	The project consists of providing medium-term loans to small businesses in Romania through an offshore Special Purpose Vehicle to which IFC and the Romanian-American Enterprise Fund will lend US$5 million each.  The purpose of the project is to provide small, private Romanian businesses with loans of tenor currently not offered by Romanian financial institutions.  The project thus helps fill an important gap in the provision of medium-term loans by the Romanian financial sector.  It is expected to have a strong developmental impact on Romanias incipient private sector.  In addition, up to four participating local banks will receive training in small business lending.    Environmental Category and Issues    	This is a financial intermediary (category FI) project according to IFCs environmental review procedure.  The project manager on the ground will be required to review eligible borrowers operations and the environmental impact of each sub-project.  Each sub-project must comply with relevant host country environmental, health and safety requirements and applicable World Bank/IFC policies and guidelines.       Date SPI sent to PIC     August 20, 1997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384     P:\PIC\ROS07760.DOC   August 20, 1997 10:37 AM
Lidl Romania RSE Lidl Discount S.R.L. (Lidl) is a discount food retailer in Romania and a subsidiary of D. Schwarz Beteiligungs-KG (Schwarz or the Group). The IFC loan will support Lidls investments in the COVID-19 pandemic induced improvements and expansion of its infrastructure and operations over the 2020-23 period (Project).  This project is linked to Lidl Romania  https://disclosures.ifc.org/project-detail/SPI/31466/lidl-romania In the context of COVID-19 pandemic, IFC, through the crisis response financing, will help Lidl to: (i) increase access to quality products at affordable prices in remote and rural locations of Romania; (ii) grow domestic supplier base to minimize supply chain disruptions; and (iii) elevate food safety standards along the supply chain and safeguard employees in the stores to be built or modernized as part of the Project. By limiting supply disruptions, the Project promotes resilience in the food retail market.
Profi Romania Grocery The proposed IFC investment is an A loan of up to Euros 50 million (the IFC Loan) (or an equivalent amount in Romanian leu) to Profi Rom Food S.R.L. ('Profi' or 'the Company'), the largest food retailer in Romania based on the number of stores and the third largest based on revenue, owned by Mid Europa Partners ('MEP' or 'the Sponsor'), a private equity firm focused on Central and Eastern Europe. The financing would allow the Company to (i) further expand its reach in the country by opening new stores; and (ii) refinance its existing debt. The investment will address some of the country's developmental challenges by increasing access to quality and affordable goods across the country and providing better access to modern retail in rural areas of Romania. The Project has an Anticipated Impact Measurement and Monitoring (AIMM) rating of Satisfactory. The most significant expected Project-level outcome is derived from stakeholder effects through improved access to high quality food products by customers, especially in the rural areas of Romania. Beyond the Project, IFC anticipates that the Project will promote greater market competition in secondary cities and rural areas through demonstration and replication channel.
Agricover SME Agricover Credit IFN S.A. (IFN or the Company) is the only Romanian financial institution specialized in financing the agricultural sector. The Company is part of the Agricover Group (AG or the Group), an integrated agricultural group and one of the largest agri-traders in the country whose main operations include: (i) grain sourcing, trading, and logistics services; (ii) distribution of agricultural inputs; (iii) short and medium-term financing; (iv) insurance brokerage; (v) fuel distribution; and (vi) trading of meat and livestock.  The proposed Project consists of a RON 40 million senior loan to IFN to support the Companys long-term investment loans to small and medium enterprises (SMEs) that are primarily engaged in agribusiness activities in Romania, including small-scale climate related energy efficiency and renewable energy projects. The proposed investment will have a tenor of 5-year with 1-year grace period and will mark IFCs third engagement with the Company. 1.	IFC anticipates that the proposed will (i) increase access to finance for agribusinesses (farmers-owned SMEs); and (ii) avail longer tenor investment loans for climate-smart equipment upgrades to increase energy and water efficiency targeting farming. The Project is a good opportunity to support organizing farming activity in Romania with renewed focus on improved standards and productivity.   

2.	IFC anticipates that the Project will promote adoption of a business model that allows reaching undeserved rural farmers and farmers-owned SMEs, including going down the market and serving smaller farmers through demonstration effect channel.
  
3.	IFC anticipates that the Project will promote greater environmental sustainability through (i) development of the nascent climate smart agriculture finance market in Romania, (ii) promotion of the climate adaptation standards and increased resilience to face climate change, which will be brought about through demonstration effect and capacity building channels.
Garanti RO SEF The proposed project consists of a senior loan of up to EUR55 million or its equivalent in Romanian Leu (RON) to an existing IFC client, Garanti Bank S.A., Romania (Garanti Bank or the Bank). The purpose of the loan is on-lending to small and medium enterprises in Romania, out of which, half must be allocated to funding eligible sustainable energy finance projects (the Project). The proposed investment is consistent with IFCs strategy in Romania and would help a good existing IFC client to expand its SME reach with focus on mitigating climate change impact. Expected high development impact will be derived from climate mitigation effect, since supporting expansion in the sustainable energy finance area will lead into a decrease in carbon dioxide (CO2) emissions. Additionally, the project is expected to lead into improved competitiveness in this segment, as IFC will be supporting the Bank to promote climate-smart products for the first time. Further impact is related to increasing access to finance for SMEs, an underserved segment of the market.
GarantiLeasingRO The proposed project consists of a senior loan facility of EUR7 million to Motoractive IFN SA (GLR). The purpose of the loan is on-lending to SMEs and EUR4 million has been earmarked to finance eligible renewable energy and sustainable finance projects. The project is the first SME and Sustainable Energy finance transaction between IFC and a leasing company in Romania. Established in 1998, Motoractive IFN SA is the 8th largest leasing company in Romania with a market share of 4.2% as at December 2013. In 2010 Turkiye Garanti Bankasi (TGB) became the largest shareholder of Motoractive IFN SA and rebranded it as Garanti Leasing Romania in 2011. Contribute to economic growth through improved access to finance for SMEs. The level of financial intermediation in Romania is yet to recover from the impact of the crisis. Expanded financial intermediation is needed to support the flow of credit to small businesses and individuals which make up the most important part of Romania''s economy;  Improve the local as well as the global environment through reduced emissions of greenhouse gases and other conventional pollutants and reduce the country''s dependence on imports of fossil fuels and natural gas. Upon full utilization of the line, up to 82,000 tons CO2eqv of GHG emissions are estimated to be reduced per year.
RBRO B3T2 bond and senior loan The project entails a total financing package of up to RON720 million (approximately equivalent to US$169 million) for Raiffeisen Bank S.A. (RBRO, or the Bank), an existing IFC client in Romania. The package consists of the following components:   1)      Up to RON240 million investment in a Basel III compliant subordinated bond (B3T2) to be issued by RBRO as Tier 2 capital.  2)      Up to RON480 million senior loan.   IFCs investment will help RBRO expand its lending to SMEs and mortgage borrowers in the country, including green mortgages, as well as its financing of SEF (sustainable energy finance) projects. The most significant expected development impact resulting from the project  involves:
i)	Increased financing of Sustainable Energy Projects in the country, including Energy Efficiency and Renewable Energy projects, thus supporting Romania's efforts to achieve the EU Climate and Energy Targets;
ii)	Supporting access to finance for SMEs in the country; 
iii)	Increased access to finance for mortgage borrowers in the country, helping reduce the substantial mortgage finance gap between Romania and average EU levels;
Promoting the development and integration of capital markets in Romania by supporting the first RON-denominated B3T2  on the Romanian market. A successful issuance and subsequent listing on the Bucharest Stock Exchange is expected to result in further B3T2 bond issuances by other Romanian banks in the nearby future and widening of the investor base.
ProCreditRomania The proposed project comprises a senior term loan in local currency to ProCredit Bank S.A. Romania (Procredit Bank or the Bank), for $15 million equivalent.  The proposed IFC Loan will be used to fund the expansion of the loan portfolio of the Bank which is focused on micro, small and medium sized enterprises.   Procredit Bank is a development-oriented full service bank, specialized in providing financing to micro, small and medium-sized enterprises (MSMEs) in Romania.  The Bank was established in 2002 as part of a global network of ProCredit banks.  It started operations in July 2002 following the acquisition of Microenterprise Credit Romania SRL which was renamed to Microfinance Bank MIRO S.A. and in 2004, changed to its present name.     Procredit Bank was the first bank in Romania to specialize in serving MSMEs and to date, it is the only Bank that focuses primarily on lending to this target group.  In addition to its lending activities, the Bank with 24 branches nationwide, offers a full range of banking services and products including domestic and international money transfers, international trade finance, debit cards and foreign exchange transactions. The main development impact of this project is improving the access of MSMEs to long term local currency financing.  The MSMEs are engine of growth but are neglected by the large commercial banks which are focused on corporate finance and consumer finance.   Thus, the project is expected to meet critical capital investment needs of the MSMEs.  By supporting their growth, the project will have a demonstration effect by encouraging other financial institutions to increase lending activities to this underserved market.
Lidl Romania Lidl, a chain of discount grocery stores owned by the Schwarz Group (the Group or the Company) is implementing a long-term expansion plan in Romania by opening new Lidl discount stores (Lidl Romania or the Project). The Group, one of the largest European food retail discounters, has requested IFC to provide a long-term loan to its Romanian subsidiaries to partially finance the Project. Improvement in green building standards: As one of the few global retailers in the food discount stores segment in Romania, the Sponsor will, through the Project, contribute to the improvement of local green building standards by applying the highest level of energy efficiency measures, in line with the ones prevalent in its home market of Germany; which would help the new Lidl stores exceed IFC''s Green Building standard  Food Supply chain development: Schwarz''s expansion will (i) increase the number of its local suppliers, (ii) provide additional sales channels for local fresh and dry food producers in Romania, and (iii) contribute to improvements in food security and availability, as well as in efficiency and operating standards throughout the supply chain.  Benefits to low income consumers: By expanding the modern discount format in frontier regions and secondary and tertiary cities of Romania, Schwarz will be able to improve access of local low income customers to a more affordable diverse selection of high-quality food products.  Employment generation: The Project will create significant local direct employment (mostly women who represent more than 60% of Lidl employees), and indirect employment in the retail value chain.
Foreign & Colonial Romanian Investment Company plc Summary Of Project Information (SPI)       Project Name    Foreign & Colonial Romanian Investment Company plc                Region    Europe      Sector   Project No008652   Projected Board DateOctober 27, 1997   Company NameForeign & Colonial Romanian Investment Company plc   Technical Partner and/or Major Shareholders    	Foreign & Colonial Emerging Markets Ltd (FCEM), with US$6.0 billion under management, is one of the worlds leading emerging markets investment management groups. FCEM is controlled by Germanys Hypo Bank which is in the process of becoming the countrys second largest bank group once the proposed merger with Bayerische Vereinsbank is consummated.  In Eastern Europe, FCEM has already sponsored two country-specific funds (Poland and Russia) and a regional one (Hypo Osteuropa).     Project Cost Including proposed IFC investment    	US$100 million, of which IFCs portion will be US$10 million     Location of project and Description of site    	Romanias Stock Exchanges    Description of Company and Purpose of Project   (include IFCs Role and Development Impact)    	The Company will invest in shares of companies being privatized by the Romanian Government. The Company also plans to raise funds from local investors. IFCs participation will (a) give overall credibility to the project, (b) facilitate the privatization effort and (c) deepen the local capital market.      Environmental Category and Issues    	This is an environmental review Category C Project.  No further environmental analysis is required.    The  is  from the Public Information Center.       Date SPI sent to PIC     October 1, 1997      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384
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         The proposed project consists of a senior loan of up to EUR80 million to existing IFC client, Garanti Bank S.A., Romania (the Bank). The purpose of the loan is on lending to small and medium enterprises, of which half to be on-lent to Women-Controlled SMEs (the Project). The proposed investment is consistent with IFCs strategy in Romania and would help a good existing IFC client to expand its SME reach with focus on women owned businesses and, in parallel with project #40788 with Garanti Leasing Romania, would further strengthen the relationship with Garanti group.  
       
       
         Garanti Bank is a universal bank, with a market share as at December 31, 2016 of 2.3% in terms of total assets, ranking 10th out of the 37 banks operating in Romania. In 2007, Garanti Bank Turkey and GE, shareholders of Garanti NV, decided to increase their presence in Romania through a direct subsidiary instead of a branch and positioned it to become a full-fledged bank focusing on retail and SME markets. The new bank license was authorized by the National Bank of Romania in 2009 and the Bank became operational at the end of May 2010. The main objectives of the project are to: (i) respond to the critical term funding gap for SMEs; (ii) generate employment through resultant growth of SMEs and investment in productive assets; and, (iii) increase financial inclusion in Romania: improved access to credit and increasing the economic power of women would translate into improved livelihoods for a wide cross-section of society.