devinitorg/iati-policy-markers huggingface dataset:
Banco Frances del Rio de la Plata S.A. - Credit Line REVISED Summary Of Project Information (SPI)       Project Name    Argentina-Banco Frances        Underwriting & Project Finance Credit Line        Region    Latin America and the Caribbean      Sector   Project No007350   Projected Board DateMarch 28, 1996   Company NameBanco Frances del Rio de la Plata S.A. (Frances)   Technical Partner and/or Major Shareholders    	Frances is 70% publicly held, with listings on both the Buenos Aires Stock Exchange and the New York Stock Exchange through an ADR (American Depository Receipt).  The remaining 30% is held by Sud America Inversiones.    Project Cost Including proposed IFC investment    	Total Project Cost:  US$40 million    Location of project and Description of site    	Buenos Aires, Argentina    Description of Company and Purpose of Project    	The project involves a US$40 million credit line for Underwriting Operations and Project Finance.  IFCs resources would support the further development of Frances local underwriting operations and project finance lending for middle-market, second-tier and privatized companies in Argentina.  The project would provide scarce longer term financing to Argentinas private sector.    	Frances is the third largest local private bank in Argentina and is widely regarded as one of the strongest and soundest banks in the system.  As at December 31, 1995, Frances had total assets of US$2.7 billion. Frances is 70% publicly listed, with listings on both the Buenos Aires Stock Exchange and the New York Stock Exchange through an ADR (American Depository Receipt).  The remaining 30% is held by Sud America Inversiones.    Environmental Category and Issues    	This is an environmental review category FI project.  Frances will be required to undertake an environmental review of projects financed through this facility.  IFC will assess Frances capability to carry out environmental reviews.       Date SPI sent to PIC:   Revised:    March 6, 1996   March 7, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
PAE Campana Refinery Pan American Energy, S.L. is a leading integrated energy company with upstream and downstream operations engaged primarily in the exploration, development and production of crude oil and natural gas, the refining of crude oil and the distribution and marketing of refined products. Pan American Energy, S.L. Argentina Branch (PAE or the Company) is completing a project at its Campana Refinery in Argentina to increase the production of refined products, produce higher value and cleaner burning fuels, and reduce refinery air emissions (the Project).  PAE requires financing (i) to for the Companys investment program to finalize the construction and commissioning of the Project and (ii) increased working capital needs. The Project is expected to (i) create value addition for Argentina by increasing supply of refined products in keeping up with the expected growth in demand, (ii) reduce emissions and lower sulfur dioxide levels, (iii) provide employment opportunities with direct and indirect job creation, and (iv) continue incorporating IFC's EH&S Performance Standards tools to set best practices for the sector.
Milkaut Project Summary Of Project Information (SPI)       Project Name    Argentina-Milkaut            Region    Latin America        Sector       Project No007437   Projected Board DateSeptember 17, 1996   Company NameMilkaut S.A.   Technical Partner and/or Major Shareholders    	Milkaut is 100% owned (directly and indirectly) by Association Union Tamberos, a dairy cooperative with 1,335 members.    Project Cost Including proposed IFC investment    	Project Cost US$45 million.  IFC investment includes an A loan (for IFCs own account) of US$ 10 million; a B loan (for account of participants) of US$ 5 million; and a C Loan of US$ 10 million.    Location of project and Description of site    	The production facilities to be expanded and modernized are located in Franck and Colonia Nueva, province of Santa Fe.    Description of Company and Purpose of Project    	Milkaut S.A., the third largest dairy company in Argentina, is undertaking an US$ 45 million investment program to rationalize and expand its processing facilities to meet growing demand as well as to absorb the increased production of cooperatives. Milkaut is one of Argentinas leading dairy companies processing on average 1.1 million liters of milk per day in 7 plants.  The proposed project is aimed at building and consolidating the Companys competitive position in face of new investments by existing companies as well as by the entry of multinationals.  The proposed project includes: expansion of UHT and milk powder plants, expansion of cheese processing capacity, expansion of product range, rationalization and improvements in various plants and distribution centers.     Environmental Category and Issues    	This is a Category B project according to IFCs environmental review procedures.  Main environmental issues are: air emissions, liquid effluents, solid waste disposal and CFC producing materials.  The Investment Program provides for additional investments to ensure that all plants are in compliance with IBRDs environmental guidelines.  The Company maintains a high standard of employee safety and health and provides protective clothing and headgear for all employees in the production area.    The  is available from the Public Information Center.       Date SPI sent to PIC     August 16, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Patagonia CL IFC will provide a long term dual currency (AR$-linked and US$) A loan of up to US$30 million to Banco Patagonia (BP or the Bank) for on-lending to farmers and small and midsize agribusiness companies engaged in primary agriculture and agricultural products processing in Argentina.  The primary objective of the project is to increase access to finance for Argentinas agricultural sector players, with an emphasis on reaching rural areas where much of Argentinas agriculture is concentrated.  This will be achieved by leveraging BPs strong position in agriculture finance and distribution capacity in those areas. - Enhance access to finance for agricultural SMEs and farmers: 

The project will allow BP to provide its agribusiness-related client base access to funding with longer maturities both in pesos and US$ (reaching the whole spectrum of viable small and medium ventures) and enabling these to undertake capital investments at longer tenors and attractive costs.

- Contribute to build a long term peso curve: 

Through this financing, IFC will inject local currency liquidity in a market where bank to bank lending is practically non existent and where long term financing available is usually up to five years. Therefore, the project is intended to address an important constraint to growth for the target segments, as banks are not currently able to offer medium- or long-term term lending, given the short-term nature of their funding. 

- Generate positive demonstration effect: 

 The proposed project will create a demonstration effect for other banks and thus further enhance IFCs developmental impact and additionality in Argentinas agricultural sector.
Juan Minetti EM Summary Of Project Information (SIP)       Project Name    Argentina: Minetti EM            Region    Latin America and Caribbean        Sector       Project No007133   Projected Board DateSeptember 20, 1995   Company NameJuan Minetii S.A.   Technical Partner and/or Major Shareholders    	Minettis ownership is: (I) 55% is held by a holding company controlled by members of the Minetti family, and (ii) 45% is traded in the Buenos Aires Stock Exchange.    Project Cost Including proposed IFC investment    	The total project cost is approximately US$90.0 million   	Proposed IFC investment:A loan of $10 million   					B loan of $50 million   					Convertible loan of up to $10 million    Location of project and Description of site    	Located at an industrial site about 40 km from Cordoba, Argentina    Description of Company and Purpose of Project    	The project entails:  modernization of existing facilities at the same plant; and the upgrading of the plants environmental treatment facilities..Minetti is the second largest cement producer in Argentina and the largest distributor outside the Buenos Aires metropolitan area.  The Company, which operates plants in three provinces, has an 18% national market share.    Environmental Category and Issues    	This is a category B project according to IFCs Environmental review procedure.   The principal issues include:  air emissions from kiln, cooler and cement mill operations, and from the handling equipment for raw materials and finished product; liquid effluents from process wastewater, stormwater and domestic sewage; solid wastes; fire prevention; and employee exposure to noise and dust.  Minetti has been implementing an Environmental Improvement Plant which, when fully in place, will significantly upgrade the environmental performance at Minettis three plants, including the plant in Cordoba.  The proposed new kiln will be designed to meet the World Bank particulate emissions guideline of 50 mg/Normal cubic meters.      The  is  from the Public Information Center.       Date SPI sent to PIC     August 31, 1995      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Banco del Suquia Credit Line Summary Of Project Information (SPI)       Project Name    ARGENTINA - Banco del Suquía Credit Line              Region    Latin America and the Caribbean        Sector       Project No008723   Projected Board DateFebruary 23, 1998   Company NameBanco del Suquía (Suquía)   Technical Partner and/or Major Shareholders    	Banco del Suquías largest shareholder is Inversora del Suquía, which is controlled by Roggio, S.A., a major, family-owned Argentine construction and public works group and founding shareholder of the bank.  The remaining shares are owned by other founding shareholders, Suquía managers, and the general public.  Banco del Suquías shares are listed on the Buenos Aires stock exchange.    Project Cost Including proposed IFC investment    	A syndicated credit facility comprising an A Loan of up to US$30 million for IFCs account and a B Loan of up to US$50 million for the account of participants.    Location of project and Description of site    	Central provinces of Argentina (mainly Córdoba, Santa Fé, Entre Rios and Mendoza)    Description of Company and Purpose of Project    	Banco del Suquía is a medium-sized regional Argentine bank with assets of approximately US$1.6 billion at September 30, 1997.  It is the leading private bank in the province of Córdoba, where it has 26 of its 89 branches and 5 of its 14 mini-branches.  Its remaining branches are primarily in the neighboring province of Santa Fé.  The credit line will enable Suquía to provide longer term lending to regionally-based middle-market companies, which are Suquías principal customers.  It will also help Suquia to further develop its residential mortgage lending business in the central region of Argentina.  As a syndicated facility, the credit line will also help mobilize longer term funding from other sources for this region.  This is consistent with IFCs efforts to encourage further strengthening of the Argentine banking sector and to help promote economic growth in the provinces.    Environmental Category and Issues    	This is an environmental review category (FI) project.  Suquía will be required to carry out an environmental review of eligible investee companies operations.  In addition, IFC will assess Suquías capability to carry out environmental reviews.       Date SPI sent to PIC     January 23, 1998      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
Galicia GTLP/EE Agri CL IFC will provide a $40 million facility to Banco Galicia (BG) to be on-lent to Agricultural sector players in Argentina. The primary objective of the project is to increase access to finance for these players, leveraging Galicias strong position in agriculture finance and its distribution capacity in those areas. The anticipated development impacts of the Project are to: 
(i) improve access to medium/long-term finance for small farmers and agri-SMEs; 
(ii) support and promote energy efficiency and the use of limited resources in agribusiness; 
(iii) enhance the agribusiness sector efficiency and job creation in rural frontier regions by leveraging Banco Galicia's nationwide branch network.
CMF CL Project table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }              The proposed project (the Project) consists of an up to US$40 million facility to Banco CMF S.A. (the Bank or CMF), to be structured in up to three subsequent commitments: (i) one commitment for up to US$10 million  (Loan #1) with a 12-month bullet repayment, to be committed within  2 months of IFC Board Approval; (ii) another commitment for up to US$15 million  (Loan #2) with an 18-month bullet repayment, to be committed within 16 months of IFC Board Approval, only after full repayment of Loan #1; and (iii) a final commitment for up to US$15 million (Loan #3) with an 18-month bullet repayment, to be committed within 36 months of IFC Board Approval, only after full repayment of Loan #2.            CMF is a wholesale bank in Argentina focused on providing high value services to small and medium enterprise (SME) clients. In line with its personalized offering and its niche commercial strategy, as of September 2016, the Bank ranked 33   rd    in terms of deposits, with a market share of 0.31%, and 32   nd    in terms of loans, with a market share of 0.34%. By funding a well-run and profitable private sector niche bank, the Project will support increased banking penetration and access to financial services for small and medium sized business in Argentina, where the credit to gross domestic product ("GDP") ratio is below the regional average for Latin America and lower than its peers (including Brazil). In addition, improving access to finance for SMEs will contribute to increase job creation in the country.
Vicentin Pre Exp The proposed investment consists of a medium-term pre-export finance facility to support Vicentin SAICs working capital needs from exports of oilseed oil and sub-products (the Project). 1)	Project will support growth and operations of a competitive domestic player, making a significant contribution to local economic development through job creation, and to local farmers and intermediaries that supply oilseeds. 2)	Approximately 2,000 soybean and sunflowerseed farmers are expected to benefit from improved market access through Vicentin, directly benefiting rural communities in Argentina. 3)	As the sector is a key sector in terms of tax revenue and hard currency generation for Argentina, the Project will further support tax revenues, therefore sustaining critical public investments. 4)	Large-scale employment (more than 1,400 full-time employees to benefit).
Noble Argentina S.A. The proposed project consists of the construction and operation of a grain river port terminal at Timbues (Timbues Port), located about 340 km from Buenos Aires on the lower Parana River in Santa Fe province.  The project will be constructed and operated by Noble Argentina S.A. (Noble Argentina or the company).  Established in 2001, Noble Argentina is a commodity trader that offers a range of highly diversified agricultural commodity products, as well as logistics and technical services.  The project includes:    -  the acquisition of 201 hectares of land with 1,800 m of waterfront;    -  the construction of a truck parking area and facilities for sampling, conditioning and storage; and    -  the purchase of equipment.      Timbues Port will have a storage capacity of 120,000 tons and will be able to accommodate a throughput of about 2.5 million tons of grain per year, consisting mainly of exports of wheat, corn and soybeans.  Construction began at the end of February 2005 and the project is expected to be completed by July 2006.
Pan American Energy 2015 Pan American Energy LLC is engaged mainly in exploration, development and production of oil and gas. Pan American Energy LLC, Argentine Branch (PAE or the Company) is the second largest oil and gas producer in Argentina and has blocks located in the countrys three major hydrocarbon basins  Golfo San Jorge, Neuquina and Northwest.  IFC has been asked to mobilize a corporate loan facility of up to $400 million, including up to $100 million for its own account.  The investment will partially fund its 2015/2016 capital expenditure program. The Project is focused on further development of PAEs oil and gas assets in the Cerro Dragón block in the Golfo San Jorge Basin and in the Lindero Atravesado block in the Neuquén Basin (the Project) and will be financed with a combination of debt and internal cash generation. The Project will include activities covering drilling, secondary recovery, facility expansions, improvements, and parts of the 2015/2016 investment program that will support increasing oil and gas production.  By the end of the Project, the planned activities are expected to increase PAEs oil and natural gas production. The Project will contribute to growth in a key sector of Argentina''s economy with further development of primary energy sources in Argentina. The expected benefits will come in the form of: 1. Increased supply of hydrocarbons, including natural gas: PAE''s upstream production will increase from the current level. Continued support for domestic gas production to help alleviate energy constraints and reduce gas imports. The increased levels of gas production will also mitigate Argentina''s dependence on gas imports which are negatively impacting current account balances. 2. Contribution to government revenues: the Project will result in increased production and sales which will increase associated provincial taxes, royalties, and federal income taxes, an important source of increased revenue to the federal and provincial governments. 3. Significant local employment: PAE has a significant impact on employment in the regions in which it operates. At the national level, PAE has 2,288 direct employees and approximately 10,047 contractors, almost all of whom are national hires. 4. Local/National sourcing: The Company procures most of its goods and services in Argentina from national contractors. A large portion of the 2015-2016 capital expenditure is expected to be sourced locally/nationally. 5. Strong community development and linkages program: In line with the Company''s growth, PAE continues to spend on social development programs ranging from education, health, environmental and local development programs to SME support programs in its areas of operation. IFC plans to monitor the following indicators during supervision: (i) annual production of natural gas in Argentina (mcf); (ii) payments to governments (US$); and (iii) purchases of domestic goods and services (US$).
Timbues Soybean Crushing Plant IFC is considering providing Noble Argentina SA (Noble Argentina or the company) financing of up to $40 million in the form of an A loan (the Loan) to support the companys $230 million construction and operation of a soybean crushing facility (the Plant) in its port terminal in Timbues, Santa Fe Province, Argentina. The balance of the funding will be in the form of a $75 million A loan from InterAmerican Development Bank (IDB), $45 million syndicated loan by IDB, and $70 million in equity and subordinated shareholder loans.   The plant includes:    - an 8,500 metric ton (mt) per day soybean crushing facility,    - a soybean dehulling facility,    - a steam and 17MW electrical energy cogeneration unit,    - meal storage capacity of 110,000 mt,    - oil tanks with 45,000 mt capacity,    - storage facility for 300,000 mt soybean, and    - handling facilities.     The project expands the capabilities of the companys existing grain river port terminal beyond origination, port services and exporting of grain, to include crushing and exporting product.   Noble Argentina is a commodity trader based in Argentina that offers a range of agricultural commodity products, as well as logistics and technical services. The company has been operating for slightly more than 5 years, and within that period has grown to become the 10th ranked exporter of soybean, corn and wheat from Argentina.   Noble Argentina was established in 2001 following Noble Group Limiteds purchase of Andre & Cies Asia assets and subsequent expansion into producing countries such as Argentina. Noble Group Limited (Noble Group or the Group) remains the 100% indirect owner of Noble Argentina. The project is expected to provide identifiable positive impact to the company and to several local communities. For the company, this project provides opportunity for further growth and diversification from trading and export of beans to crushing and production of product. For the local communities, expected benefits include the creation of employment and the increased demand for goods and services linked to the storage and processing activities, as well as linkages with local farmers and intermediaries in rural areas who provide raw materials to the company. There are also benefits in the form of various taxes (income tax, export taxes, etc.) paid to the government. However, in view of the export tax differential between oil/meal (32%) and soybean (35%), the project is also expected to result in some forgone export taxes for the government.
SFP AMC Project This SPI, originally disclosed on 10/25/2006, has been updated on 09/29/2009 to reflect some additional client details.  The project consists of an IFC investment of up to $50 million for non-performing loan acquisitions and subsequent resolutions in Argentina as well as the LAC region.  IFCs investment will allow Southern Financial Partners (SFP) to migrate from a business model in which it originates and services non performing loan (NPL) assets to third party investors to one in which SFP will act as an asset management company acquiring and servicing assets in a proprietary manner. Resolution of distressed assets has a high development impact.  It helps distress companies to put collateral assets back into productive use, de-leverage balance sheets and induce managerial and operation improvements.  Distressed asset resolution is also beneficial for individual consumers as it allows them to regain access to financing.  Finally, resolution of distressed assets improves business the environment and increases appetite for FDI by:  -  providing liquidity for loan originators,  -  improving corporate governance and international insolvency standards; and  -  enhancing creditors rights.