devinitorg/iati-policy-markers huggingface dataset:
Investment in Luminor Bank's Covered Bonds Investments of up to EUR 125 million in a series of covered bonds issued by  Luminor Bank  AS in Estonia ("Luminor") under the Euro Medium Term Note and Covered Bond  Programme ("Programme") over a period of 3 years and admitted for trading in  the Irish Stock Exchange. EBRD's investment in each issue will be limited to  20% of the issue size.  On 4 March 2020, EBRD invested EUR 28 million in the first covered bond  issuance of EUR 500 million under the Programme.  On 11 May 2022, EBRD invested EUR 97 million in the second issuance of EUR  500 million under the Programme.  The objective of the project is to support the establishment of a new capital  market instrument in the Baltic Countries. The project supports the first ever  issuance of covered bonds in the Baltic States and it is fully consistent with  Bank's policy engagement, aimed at development of regional capital markets in  the Baltic Countries.
Meest Logistics Debt financing for TC Meest Express LLC which is incorporated in Ukraine and  the Meest group of companies (the 'Group') in further development and expansion  of its domestic and international operations, which will include: the expansion  of the collection and delivery network points; the development of an IT  platform; the development of processing technology at warehouses and collection  and delivery points; the  development of domestic and international logistics  hubs;  the  promotion of the 'Meest' brand, as well as the introduction of  carbon neutral courier products. The project loan will benefit from  concessional financing under the Green Logistics Programme provided by the  Global Environmental Facility to promote energy efficiency and lower carbon  emissions in the logistics sector.  The Group's main strategy is to increase its market share by strengthening its  competitive advantage in the domestic market. To achieve these objectives, the  Group is investing in expanding its network of Pick-Up and Drop-Off (PUDO)  points and parcel lockers in order to increase efficiency of its logistic  operations.
Berk Snacks WC Project The provision of a senior secured loan of up to US$ 1.5 million (€1.3 million)  to Individual Enterprise "Alem Gamisi". The operation will enable the Company  to ensure the continuity of potato chips production during the COVID-19 crisis  by mitigating the risk of possible disruption in supply of imported raw  materials.  This project was approved in the context of the Bank's response to the  COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's  President granted a deviation from the ordinary timelines for PSD disclosure,  as contemplated by Section V of the Directive on Access to Information.   Details of the Bank's response to COVID-19, and this deviation, can be found on  our website.  The Loan will support Alem Gamisi's liquidity and help it withstand the  Covid19-caused crisis.
Eastcomtrans Loan The provision of a 7-year senior secured loan of up to US$ 24 million  equivalent to Eastcomtrans LLP (the "Company"), the largest private rolling  stock operator in Kazakhstan.  The loan contributes to the refinancing programme conducted by the Company and  aims to reduce the exposure to foreign exchange related risks and to optimise  the maturity profile of the Company's existing debt (the "Project").
Intesa SanPaolo Bank BiH - Mortgage Line A senior loan of up to EUR 15 million to Intesa Sanpaolo Banka d.d. BiH ('ISP  BiH') for on-lending to eligible private individuals for housing purposes.  The proceeds of the loan will be used by ISP BiH to provide long-term financing  for residential mortgage lending in Bosnia and Herzegovina.
Zabka Polska S.A. The EBRD equity investment of EUR 25 million supported the acquisition of Zabka  Polska S.A. ("Zabka"), the leading modern convenience retailer in Poland, by  CVC Capital Partners, one of the leading private equity groups globally, from  its previous owner Mid Europa Partners.  By becoming a shareholder in Zabka, which through its franchise model works  closely with and supports small business owners and entrepreneurship on a large  scale, the Bank will encourage private entrepreneurship and help address issues  of insufficient access to financing by small businesses and start-ups. The EBRD  will support future value creation, in particular in the areas of green energy  / environmentally friendly investments.
Alpha Bank Bail-in Senior Preferred The EBRD invested EUR 50 million in a EUR 400 million Senior Preferred ("SP")  bond issued by Alpha Bank S.A. ("Alpha"), a commercial bank incorporated in  Greece, in October 2022. The SP bonds have a maturity of 3 years, with an  embedded issuer call option after 2 years, and are listed on the Luxembourg  Stock Exchange.  The Project boosts the resilience of a systemic bank in Greece in the context  of MREL requirements phasing in at EU level and supports the bank in  re-establishing its regular access to capital markets with unsecured  instruments. Furthermore, the EBRD promotes resource efficiency in the country  by requiring Alpha Bank to allocate funds in the amount of 1.5 times of EBRD's  subscription to finance green investments in renewable energy and energy  efficiency.
UzPSB SME Senior Loan The provision of a three-year Senior SME Loan of up to US$ 40 million ("Loan")  to Joint Stock Commercial Bank UzPromStroyBank (UzPSB). The proceeds will be  used for on-lending to qualified private small and medium sized enterprises  ("SME") in line with the Policy Statement.  The Loan will enable UzPSB to diversify its portfolio, which is currently  skewed toward large corporate clients, helping it to achieve a more balanced  structure. It will also contribute to the expansion of the bank's SME client  segment, including via reaching new clients and regions outside of Tashkent.  Moreover, the Loan will further competition in the real economy by increasing  availability of financing to the Uzbekistan's SMEs and, thus, supporting  lending continuation to one of the segments most impacted by the COVID-19  crisis.
KB-MMF: Municipality of Centar in Skopje Following the decision of MIDF's (Municipal Infrastructure Development Fund)  shareholders to wind down the Fund's operations, EBRD is assuming MIDF's funded  risk participation ("Facility") with Komercijalna Banka ("KB") to provide up to  EUR 5 million to fund municipal infrastructure projects in FYR Macedonia on a  50/50 basis with KB.  The Project will demonstrate the Bank's support for MIDF's existing investments  as well as new municipal investments in FYR Macedonia. The Facility will enable  the Bank to provide financing to small and medium sized municipalities that  have significant investments needs, but limited access to financing and poor  capacity for preparing good quality projects. Grant financed TC will be  provided to facilitate project preparation as well as for subsequent project  implementation with an aim to develop the commercial sustainability and  institutional capabilities of the municipal borrowers.
Samarkand Solar The provision of long-term senior debt of up to US$ 34.3 million for the  development, construction and operation of a solar photovoltaic power plant  with an installed capacity of 220 MW on a site located in the Samarkand region  of Uzbekistan ("Project").  The Project will be developed by a newly  established special purpose vehicle in Uzbekistan, which will act as the  borrower for the project financings.  Abu Dhabi Future Energy Company PJSC  (Masdar) will act as the sponsor for the Project.  The Project will contribute to the strategic priority of the government of  Uzbekistan to  increase the share of renewable projects in the national energy  mix. It will contribute to the mitigation of climate change impact by adding  220 MW of solar generation capacity to the national energy system and will  assist the country in its low-carbon transition drive.
BMCI Mor Sustainable Energy Efficiency Loan A loan of up to EUR 20 million to Banque Marocaine du Commerce et de  l'Industrie" ("BMCI") to on-lend to private sector borrowers (including SMEs)  for sustainable energy investments  The EBRD is considering providing a loan of up to EUR 20 million to Banque  Marocaine du Commerce et de l'Industrie" ("BMCI") to on-lend to private sector  borrowers (including SMEs) for sustainable energy investments
ETEX Project The participation in the amount of € 100 million in the 7-year tranche in  environmental, social and governance (ESG)-linked Schuldschein (a German debt  instrument used as an alternative to credit facilities and bonds) issuance of  ETEX NV (the Company), a global, largely family-owned, building materials  company. The EBRD proceeds are channelled to support the Company's direct green  investments in Poland, Romania and Lithuania as well as to contribute to the  acquisition financing linked to URSA (including URSA's operations in Poland and  Slovenia), a European leader in thermal insulation materials.  The Project will support direct green investments in Poland, Romania and  Lithuania through implementation of energy efficiency measures, introduction of  new renewable energy capacity, increased product recyclability and increased  circular economy practices. Moreover, the Project indirectly supports greater  production and use of heat insulation materials in the EBRD region.
Mor Sustainable Energy Efficiency Loan - BMCE The EBRD is providing a loan to BMCE, to be on-lent to private sector borrowers  (including SMEs and households) located in Morocco for sustainable energy  investments.  The project will be implemented under the Morocco Sustainable Energy  Financing Facility ("MorSEFF") and will promote penetration of energy efficient  and renewable energy technologies, appliances and equipment to Morocco through  stimulating demand and raising awareness of the benefits of investments in such  technologies  Null Value
Keystone Real Estate The Bank participated in an equity investment of EUR 28.6 million in favour of  Keystone CEE SCSp ("Keystone" or the "Company"), a special limited partnership  incorporated in Luxembourg. Keystone owns an existing portfolio of prime  operating office assets and development land plots in Central and Eastern  Europe ("CEE").  The prime development land plots will be developed into prime  Class A office buildings, increasing the operating leasable area of the  portfolio, whereas secondary land plots will be sold to private investors.  The Bank's financing will be used to fund the acquisition and development of  the portfolio assets located in Hungary, Slovak Republic and Croatia.
AT1 capital loan to Bank of Georgia The financial package consists of parallel loans to the Company for the total  amount of up to USD 50 million (EUR 46 million) in Basel III compliant  Additional Tier 1 ("AT1") capital instrument. The Bank will finance a portion  of up to USD 35 million (EUR 32 million) and the parallel lender, Swedfund,  will provide the remaining up to USD 15 million (EUR 13.8 million). This will  be the first-ever AT1 capital loan provided by the Bank.  The key objectives of the proposed loan are focused on strengthening Bank of  Georgia's capital by bolstering Tier 1 equity, optimising capital structure in  line with Basel III Pillar 2 phase-in plan and currency-diversifying the  capital base.  Furthermore, Bank of Georgia will undertake to deploy the full  amount of USD 50 million into GET-eligible investments.
CCI Eurobond Project The Bank has invested US$ 90 million in a US$ 500 million Eurobond issuance by  Coca Cola Icecek A.S., a large producer, distributor and seller of sparkling  and still beverages of The Coca-Cola Company across Turkey, Central Asia,  Pakistan and the Middle East.  As a sustainability-linked Eurobond, key sustainability performance indicators  are linked to water savings. The proceeds from the Bank's investment will be  utilised for refinancing of existing financial debt, capex investments, and  working capital requirements in Turkey.
Khan Bank MSME/VCF Loan The EBRD is providing a financing package of up to USD 60 million to Khan Bank  in Mongolia.The Facility will comprise:  (i) a senior loan for on-lending to private micro, small and medium  enterprises ('MSMEs') with a Value Chain Finance ('VCF') component for up to  USD 30 million  (ii) an energy efficiency ('EE') loan of up to USD 10 million under Mongolian  Sustainable Energy Financing Facility ('MonSEFF') for financing sustainable  energy projects in the country  (iii) a Full Recourse Direct Risk Sharing Facility ('RSF') of up to USD 10  million for the provision of long-term financing to private local MSMEs and  (iv) an increase of trade finance limit of up to USD 10 million.  The operation will enable Khan Bank to expand its core business in Mongolia and  improve its funding structure.
UniCredit Bank Serbia - SME loan Long-term senior unsecured loan to UniCredit Bank Serbia JSC ("UCB") for  on-lending to small and medium enterprises (SMEs) in Serbia.  The project will contribute to the expansion of lending to private businesses  through working capital lines and investment loans to SMEs, including  enterprises operating in economically less developed regions of the country.  Furthermore, the transaction supports UCB's growth strategy and diversification  of its funding sources.
RLF - Horizon Capital Growth Fund IV An equity commitment of up to USD 50 million in favour of Horizon Capital  Growth Fund IV (the "Fund"). The Fund has a target size of USD 250 million.  The Fund will seek to generate long-term capital appreciation through equity  and quasi-equity investments in growth-oriented small and medium-sized  enterprises ("SME") and mid-cap companies primarily in Ukraine and Moldova.
Project Al Dahra Serbia Provision of a long-term loan (the "loan") of up to EUR 34m to Al Dahra Serbia  ("ADS"), a vertically integrated agribusiness company with operations near  Belgrade, Serbia.  ADS is owned by Al Dahra group of companies (the "Group" or "Al Dahra"), a  leading global agribusiness player, headquartered in Abu Dhabi, United Arab  Emirates, and specialised in the cultivation, production and trading of animal  feed and essential human food commodities such as rice, flour, fruits, and  vegetables.  Proceeds from the loan will enable ADS to finance investments in crop farming  improvements, a new alfalfa factory, an animal feed factory and modernisation  of its dairy farms operations.  These investments aim at enhancing and optimising ADS' crop farming  operations including through significantly enlarging the irrigated area, and  modernising ADS' dairy operations with the aim of improving the quality of milk  and the milk yield through the replacement of the old dairy farms  withstate-of-the-art new ones.  These investments aim finally to expand ADS' business in relation to the  processing of alfalfa, hence creating more value in ADS, and initiating its  export activity, positioning ADS and Serbia as a key origination country in the  global alfalfa market.
WE Forward Project The provision of a senior secured loan of up to US$ 4.0 million (€ 3.9 million)  to co-borrowers, W&amp;amp;E Forward and Alat Bay, for the construction of a warehouse  with a 5,000-tonne storage capacity near Baku.  The project will facilitate the flow of transit and import-bound cargos by  reducing the cost and time of delivery between the Black Sea ports of Georgia  and Baku.
Resilience Framework - NBK Egypt loan This project was approved as part of the Bank's response to the COVID-19  pandemic.  To avoid delays to the delivery of this project, the Bank's  President granted a deviation from the ordinary timelines for PSD disclosure,  as contemplated by Section V of the Directive on Access to Information.   Details of the Bank's response to COVID-19, and this deviation, can be found on  our website.   Provision of a senior unsecured loan to National Bank of Kuwait Egypt  ("NBKE") of up to USD 100 million, under the Bank's Resilience Framework ("RF")  developed to address the impact resulting from the COVID-19 pandemic. Proceeds  of the proposed loan will be on-lent to local private Small and Medium  Enterprises ("SMEs"), and to Corporates to cover liquidity needs that may arise  as a result of COVID-19.  The proceeds of the loan will help NBKE in providing funding to local SMEs and  Corporates experiencing either a decrease in their activity, turnover and  profitability, in turn leading to delays in payments and potential defaults, or  growing capacity needs due to a significant fluctuation in demand in particular  sectors
Healthline 2 (Medical Equip. Manuf.) This project was approved in the context of the Bank's response to the COVID-19  pandemic.  To avoid delays to the delivery of this project, the Bank's  President granted a deviation from the ordinary timelines for PSD disclosure,  as contemplated by Section V of the Directive on Access to Information. Details  of the Bank's response to COVID-19, and this deviation, can be found on our  website.  Provision of a USD 2.8 million senior secured loan to finance the acquisition  of a third production line for the manufacturing of single-use medical gloves  (the "project") by JV Healthline LLC (the "company", "Healthline"). The project  is in response to the increased demand for medical personal protective  equipment (PPE) due to the COVID-19 pandemic.  Healthline has been an existing client of the EBRD since November 2019. The  initial project involved the establishment of a medical glove production  facility with two production lines to which the EBRD provided debt financing of  USD 9.2 million. To respond to the increased demand for PPE, Healthline decided  to install a third production line under the project which will increase the  production capacity of disposable medical gloves.  The project is part of the company's strategy to expand its existing product  range and establish a new production plant for the manufacturing of disposable  medical gloves (surgical and examination gloves). The proposed addition (third  manufacturing line) will capitalise on the existing infrastructure and enable  it to leverage on economies of scale improving its operational efficiencies as  well as its bargaining power with suppliers and clients. The proceeds of the  EBRD loan (USD 2.8 million) will be directed to acquire the manufacturing line  of disposable medical gloves.
Western Balkans - ProCredit Kosovo Provision of a senior unsecured loan of up to EUR 2.5 million to be provided in  two tranches (a first tranche of EUR 1.0 million and a second tranche of EUR  1.5 million) under the Green Economy Financing Facility - Western Balkans. The  second tranche will be uncommitted and its commitment will be on EBRD's sole  discretion.  This project will contribute to the objectives of GEFF WB, supporting the Green  and Competitive transition qualities.
Euro Bank Bonds The EBRD has made the inaugural investment in senior unsecured bonds issued by  Euro Bank S.A. ("Euro Bank") in the Polish capital market in local currency in  November 2015. This was the first of a planned series of investment in Euro  Bank's bonds which was approved on 10 June 2015. The Project comes under the  Polish Financial Institutions Debt Capital Market Framework launched in  December 2013 and extended further in December 2014.  The bonds will support Euro Bank's sustained access to medium-term funding via  the domestic debt capital market and facilitate its lending activities. They  will allow the bank to diversify its funding base and strengthen its liquidity  profile. As a consequence Euro Bank will be able to expand its presence and  activities on the domestic market which is expected to benefit real sector of  the economy
Converse Bank MSME Loan Provision of a senior unsecured loan in the amount of up to USD 6 million  equivalent in local currency to Converse Bank for on-lending to local private  micro, small and medium enterprises ("MSMEs").  The Project will assist Converse Bank in mobilising external funds in local  currency which will help to diversify the bank's funding base and expand local  currency lending to private MSMEs in Armenia. It will promote local currency  lending in Armenia thus supporting de-dollarization of the economy as well as  fostering a more stable financial environment.
CEZ Distribution Romania The EBRD is to provide a senior loan of RON 675 million (€152 million  equivalent) to CEZ Distributie S.A. ("CEZ Distributie"), an electricity  distribution company incorporated in Romania and operating in the south-western  region of Romania. CEZ Distributie is 100 per cent owned by the CEZ Group in  Czech Republic. The proceeds of the loan will be used to cover CEZ  Distributie's 2015-2016 investment programme in the distribution network aiming  at reducing losses, improving efficiency and installing smart meters, and the  restructuring of CEZ Distributie's balance sheet in order to optimise its  capital structure with the tariff methodology in place in Romania. The  investment will allow the company to reduce its technical and commercial losses  while improving its SAIDI and SAIFI operational quality indicators.  Null Value
Regional Solid Waste Project The provision of a sovereign loan of up to EUR 55 million (the "Loan") to the  Republic of North Macedonia for establishing and developing a regional waste  management systems in five administrative regions in the country (the  "Project"). The Ministry of Environment and Physical Planning ("MoEPP") will be  the Implementing Entity and responsible for the Project implementation. The  Loan will be provided in two tranches:  Tranche 1 in the amount of up to EUR 47.5 million, to be committed at loan  signing, will finance investments in the Polog and Pelagonija &amp;amp; Southwest  Regions ("PSW") region. It will involve (i) construction/reconstruction of the  regional integrated waste management systems ("RWMS") and transfer stations,  and (ii) waste storage systems and bulky waste collection and closure of the  Novaci dumpsite.  Tranche 2 in the amount of up to EUR 7.5 million (uncommitted) will finance  (i) the solid waste landfill and transfer stations in the Vardar and the  Southeast ("VSE") region. Tranche 2 will be committed at the sole discretion of  the EBRD upon completion of a Feasibility Study for the respective region under  the proposed tranche.  The project is expected to benefit from a Swiss State Secretariat for  Economic Affairs ("SECO") investment and technical cooperation grant.  The Project supports essential modernization of Solid Waste ("SW")  infrastructure in each of the five Project regions covering (i)  reconstruction/construction of selected regional, sanitary landfills and (ii)  procurement of bins and containers for recyclables and residual waste,  transport vehicles and equipment.  The Project is the very first nation-wide undertaking in the SWM sector in  North Macedonia and an important step towards a sustainable solution for solid  waste management services. The Project introduces for the first time solid  waste services compliant with the respective EU standards in the sector,  covering a population of more than one million residents across five  administrative regions in the country. As such, the Project is of a unique  national, regional and environmental importance for North Macedonia, and was  identified as a national priority in the context of EU accession.
EaP SMEC - Bank of Georgia A five-year GEL denominated senior unsecured loan in amount of EUR 25 mln  provided to Bank of Georgia ("BOG"), one of the largest systemic banks  operating in Georgia. The project will further promote the Eastern Partnership   SME Competitiveness ("EaP SMEC") Programme, a successor to the DCFTA Programme,  in which BoG actively participated since 2016.  The proceeds of the Bank's investment will be on-lent by the bank in line with  EaP SMEC Programme' Policy Statement to private sector sub-borrowers (MSMEs) in  order to upgrade their technologies and equipment up to EU standards including  for investments into sustainable technologies and promoting the use of green  technologies, thereby enhancing MSMEs' competitiveness. At least 70% of the  loan is expected to be GET-eligible, in line with the EaP SMEC programme terms.