devinitorg/iati-policy-markers huggingface dataset:
Qairokkum HPP Climate Resilience Upgrade Financing for the priority rehabilitation and modernization program at the  Qairokkum hydro power plant (the "Qairokkum HPP"), the only power generation  facility in the Sugd region of the Northern Tajikistan. The proceeds of the  Bank's loan will be used to finance replacement of the remaining four out of  six generation units at the Qairokkum HPP and rehabilitation of related  infrastructure, following replacement of two units as part of the Qairokkum  Hydropower Rehabilitation project (Project ID 41553). The Project will complete  rehabilitation and modernisation of the Qairokkum HPP with resulting  improvements in productivity, dam safety and resilience against the projected  impacts of climate change of the Qairokkum HPP. The Project fully supports the  Bank's Green Economy Transition Approach which fosters scaling up climate  financing and resource efficiency activities.  The Project is expected to:    * increase the installed capacity by 32 MW which, together with the 16 MW  increase under the first phase (OPID 41553), will result in an increase of the  existing installed capacity from 126MW to 174MW by installing new turbines;   * prevent unnecessary discharge of water through spillways and allow  generation of more electricity with the same flow of water;   * raise the safety level of the power plant and the dam;   * strengthen the power plant's resilience to the expected impacts of climate  change through continued physical upgrades designed to take into account  projected increases in climatic and hydrological variability.
Project Almarai Provision of a long-term loan of up to USD 100 million, in SAR equivalent (the  "Loan"), to Almarai Company (the "Company" or "Almarai"), a leading dairy and  juice producer in Saudi Arabia. The Company is incorporated in Saudi Arabia and  listed on the Saudi stock exchange. Proceeds from the Loan will be contributed  to Beyti and Teeba, the Company's dairy and juice subsidiaries in Egypt and  Jordan, respectively (the "Beneficiaries").  Proceeds from the Loan will be used as follows: (i) up to USD 90m equivalent  earmarked for Beyti to fund its dairy and juice production capacity expansion  and growing working capital needs; and (ii) up to USD 10m earmarked for Teeba,  to strengthen its capital base and fund its permanent working capital needs.
Erdemir Steel Energy Efficiency The EBRD is providing a long-term loan of up to €115 million (or US$  equivalent) to Eregli Demir ve Celik Fabrikalari T.A.S. ('Erdemir' or 'the  Group') and Iskenderun Demir ve Celik A.S. ('Isdemir' - together with Erdemir,  the 'borrowers').  The proceeds of the EBRD loan will be used to support Erdemir and Isdemir to  implement a series of energy efficiency measures at their production facilities  located in Eregli, in the Black Sea region, and Iskenderun, in the country's  south east. The improvements are part of the borrowers' investment programme  which will lead to significant savings in terms of greenhouse gas emissions and  energy costs (the 'project').
Aquila Project Provision of a EUR 5m long-term loan (the "Loan") to Aquila and concluding a  EUR 5m call option to buy from Aquila's founding shareholders a number of   shares in Aquila up to the value of the loan disbursed, at a pre-agreed strike  price.  The proceeds from the Loan will enable Aquila to finance the expansion of its  own brands portfolio, new warehouse automation, a new ERP system, as well as  other working capital and capital expenditures needs. These investments will  improve the reach of Aquila's own brands, as well as improve warehouse  productivity and help the company enhance its digitalisation.
Procredit Bank Serbia - SME II The provision of long-term debt financing to ProCredit Bank AD Belgrade for  on-lending to small agricultural producers and small and medium enterprises  (SMEs) in Serbia.  Contribution 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.
Enda Tamweel - MSME loan The provision of a loan of EUR 5 million in Tunisian Dinars to Enda Tamweel  S.A.. ('Enda').  The loan will be used to on-lend to micro, small and medium-sized enterprises  ("MSMEs") in Tunisia.
NORMA regional Project Participation in the amount of EUR 20 million in the 7-year tranche of NORMA  Group SE's ESG-linked Schuldschein issuance.  The Project will support direct green investments in Serbia, Poland and the  Czech Republic.
UZ Electrification Provision of a sovereign guaranteed loan to JSC Ukrzaliznytsia (the "Ukrainian  Railways", "UZ", "Company") in the amount of up to €150 million for the  electrification of 253 km railway line Dolynska-Mykolaiv-Kolosivka, in south  Ukraine, its connection to the high voltage grid and the installation of a  second track on single track sections of the line (the "Project"). The Project  aims to increase the efficiency of the railway operations and the capacity for  port hinterland traffic in the Odessa region.  The main purpose of the Project is to improve the efficiency of the railway  operations and to support the ongoing railway reform process through: (i)  providing financing to electrify and double track the railway line, thus  reducing energy consumption and removing the capacity bottleneck at three  Ukraine's main gateways for grain exports, (ii) providing institutional  strengthening support to the Ukrainian Railways and the Government of Ukraine  to implement best corporate governance practices, and (iii) providing further  support to reduce energy consumption in the rail sector in Ukraine.
Slovenian Steel Group - Loan The provision of up to EUR 40 million senior unsecured loan to SIJ-Acroni and  SIJ-Metal Ravne, the fully owned subsidiaries of Slovenska Industrija Jekla  d.d. ("SIJ" or the "Company"). The Bank's financing will be part of up to EUR  240 million long-term facility.  Contribution to the Company's energy efficiency, investment and refinancing  programs (the "Project").
Nurek Water and Wastewater Project The EBRD is supporting the project to modernise and upgrade the water and  wastewater services in the city of Nurek in Tajikistan. The EBRD would provide  a loan of up to USD 2.5 million to the Nurek Water Company, the municipal  company owned by the municipality of Nurek. The Republic of Tajikistan would  provide a sovereign guarantee. Nurek City, as owner of the Nurek Water Company,  would sign a Project Support Agreement with the Bank. The EBRD will also seek  an investment grant from an international donor of USD 2.5 million for  this urgently needed water and wastewater infrastructure rehabilitation project.  The overall objectives of this project are to: (a) rehabilitate the water  supply and selected wastewater improvements; and (b) improve financial and  operational management of the Nurek Water Company.
VMG Mogilev Loan Long-term senior loan of up to EUR 50 million to VMG Industry FLLC, a foreign  limited liability company domiciled in Belarus, to finance the capacity  expansion programme at its plant in Mogilev, as well as to partly refinance its  existing debt portfolio.  The proposed facility will support the investment programme carried out by VMG  at its particleboard and furniture plant in Mogilev. The proceeds from the EBRD  loan will be allocated towards capex focusing on capacity increase in its  furniture manufacturing facility, improvement of competitiveness, energy  efficiency and environmental performance.
Trans Adriatic Pipeline Provision of an up to EUR 500 million loan to Trans Adriatic Pipeline AG, the  constructor, owner and operator of the Trans Adriatic Pipeline ("TAP" or the  "Project"). TAP is a 878 km cross-border natural gas pipeline, currently under  construction, stretching from the Greek/Turkish border (near Kipoi) to Italy  (near San Foca) after crossing Greece, Albania and the Adriatic Sea. TAP's  initial capacity will be 10 billion cubic meters of natural gas per annum.  EBRD to hold open house on TAP project in Albania  Members of the public are invited to attend an open house meeting to discuss  EBRD's potential investment in the Trans Adriatic Pipeline - Friday, March 9 in  Berat Albania. Further information  Stretching across five countries of operations of the EBRD, the Southern Gas  Corridor - of which the TAP Project is an integral part - is an important  strategic gas infrastructure project aimed at improving the security and  diversity of the energy supply to Europe and Turkey. It will expand gas supply  options and provide new energy transportation routes enabling Europe to  access gas from the Caspian region and, in the longer term, beyond it,  including the Eastern Mediterranean, Central Asia and the Middle East.  As a cross-regional infrastructure project, the Southern Gas Corridor will  foster opportunities for international cooperation, economic integration and  sustainable economic development in the region. TAP has been included to the  European Commission's list of 33 priority energy security projects of common  interest. Projects of such scale also create significant opportunities for  local employment and businesses. During construction, some 5,000 jobs will be  created (in excess of 3,000 in Greece and 1,700 in Albania). The construction  of the pipeline has led to the rehabilitation of 58 km of roads and 42 bridges  in Albania. In addition, TAP has agreed with each of the governments of Greece  and Albania respective Social and Environment Investment (SEI) packages  including investments into health, transport, SME and agricultural sector  development.  As countries undertake the long-term transition to a low carbon economy, gas  will continue to play a significant role as a complementary fuel. As a  relatively low-carbon fossil fuel providing a flexible power generation source,  gas can be used to complement renewable energy sources as a reliable back-up to  expanding intermittent renewable energy. Most new thermal facilities are  expected to be fueled by gas because of lower capital costs, greater  flexibility to act as back-up to intermittent renewables and lower carbon  footprint. As renewable energy is expanding and as greenhouse gas emission  reduction goals are becoming more stringent, gas, as a lower carbon fuel, will  have an increasingly prominent role in power generation in the move to a low  carbon economy.
Green Cities : Sarajevo Water The Project will finance the priority investments into the water supply system  in the Sarajevo Canton ("the Canton") to reduce leakages and to improve the  quality of services provided by the Cantonal Public Utility Company "Vodovod i  kanalizacija" d.o.o. Sarajevo ("the Company"). The priority investments include  (i) purchase of new metering and control equipment (individual and bulk meters,  telemetry); (ii) reconstruction of the water supply network in several parts of  the Canton; and (iii) rehabilitation of pumping stations (including  chlorination units).  The City of Sarajevo is the capital of Bosnia and Herzegovina ("BiH") and the  largest city in the country. The Canton is the regional administrative district  surrounding the City of Sarajevo.  The main purpose of the Project is to reduce water losses and eliminate cuts in  water supply. This should assist the Company to reduce its operating costs  through reduced consumption of electricity, to improve the quality of the  service and the efficiency of the system (new more efficient pumps and control  equipment).
RG Brands Loan Facility The EBRD is providing a long-term loan facility of up to USD 49.2 million in  Kazakhstan Tenge (KZT) equivalent to RG Brands LLP (the 'Company' or 'RG  Brands'), one of the leading branded food and beverage producers in Kazakhstan,  based in Almaty. The loan facility will finance the Company's working capital  needs, capital investments as well as refinancing of existing debt.  Null Value
STT Train Fleet Renewal - TGM Line Provision of a sovereign loan of up to EUR 100 million to the Republic of  Tunisia, to be on-lent to the Societe des Transports de Tunis ("TRANSTU" or the  "Company").  The tranched loan will be used to finance a EUR 240.2 million Urban Rail  Fleet Renewal programme including (i) the acquisition of new light rail  suburban trains for the historic rail line linking the centre of Tunis with the  northern suburb of La Marsa ("Tranche 1"), (ii) the construction of a tramway  maintenance depot in Manouba ("Tranche 2"), and (iii) the refurbishment of  existing tramway cars and/or the acquisition of new ones ("Tranche 3"),  (altogether the "Project" or the "Tranches"). It is envisaged that the Tranches  will be committed in stages.    It is expected that the Project will be co-financed by a sovereign loan of up  to EUR 100 million from the European Investment Bank ("EIB") and a EUR 40.2  million budget contribution from the Republic of Tunisia.  Supporting the upgrade and renovation of the rail urban transport network in  Tunis, in order to enhance the network's capacity, performance, reliability and  safety.
Green Cities  - Tbilisi Solid Waste The investment will address the priority needs of Tbilisi City identified under  the Green City Action Plan. Hence the Project is a follow-on investment,  proposed under Green Cities Framework . It will help to satisfy the immediate  needs of the solid waste management company and considerably improve the sector  in Tbilisi.   The loan of up to €15 million will be used to finance the acquisition of  solid waste operation and maintenance vehicles and machinery, upgrade of the  existing transfer station and rehabilitation of the operational landfill in  Tbilisi.  The project aims to contribute to an improved level of solid waste services and  overall improved environment in Tbilisi.
FIF SME - Banca Intesa Belgrade Provision of a long-term senior unsecured loan to Banca Intesa Belgrade ("BIB")  for on-lending to micro, small and medium enterprises ("MSMEs") in Serbia. The  loan is envisaged under the Financial Intermediaries Framework ("FIF").  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 BIB's growth strategy and diversification  of its funding sources. Also, the bank will develop a transition plan as  defined in the EBRD's Paris Alignment Methodology for indirect finance.
Avia Capital Fund I An investment in Avia Capital Fund I (the "Fund"), a private equity fund  targeting small and medium sized enterprises (SMEs) in Poland.  The Fund will seek to achieve long-term capital growth by making equity and  quasi-equity investments in SMEs with typical enterprise values up to EUR 40  million.
Banque Misr - SME loan and TFP Provision of a financing package of up to USD 125 million to Banque Misr, the  second-largest bank in Egypt by total assets.  The facility will comprise of (i) a senior loan of up to USD 75 million for  on-lending to private small and medium-sized enterprises (SMEs); and (ii) a  trade finance limit of up to USD 50 million for guarantees and cash advances.  The loan will assist Banque Misr to develop its SME lending activities and  expand access to finance for underserved private SMEs, especially in the  regions outside Cairo.  The trade finance limit with Banque Misr will strengthen the development of  trade finance in the region.
Saiss water conservation project A sovereign loan of up to EUR 120 million to the Kingdom of Morocco to finance  a 135 km primary transmission pipe from the Mdez dam to the Saiss plain in  Northern Morocco (the "project") as part of a staged project.  The project's objective is to replace water abstraction from the local aquifer  and water resources of the Saiss plain, which is currently overexploited.  The project will be implemented by a project implementation unit ("PIU") that  will be set up by the Ministry of Agriculture and Maritime Fisheries ("MAMF").
Earlybird Digital East Fund II The proposed transaction is an equity commitment of up to EUR 30 million in  favour of Earlybird Digital East Fund II (the "Fund").  The Fund will make equity and equity related investments in technology based  early and growth-stage micro, small and medium-sized enterprises in Central and  South Eastern Europe, Turkey and Jordan, with the objective of achieving  long-term capital appreciation.
Nika Pharm Project The provision of a senior secured loan of US$ 5 million to Nika Pharm LLC, a  local pharmaceutical manufacturer in Uzbekistan. The project will finance the  purchase of technological equipment to increase the company's production  capacity of pharma goods, research and development (R&amp;amp;D) upgrades and the  construction of new warehouses in the regions of Uzbekistan.  The project will enhance the competitiveness of the company by supporting the  capacity expansion of a local manufacturer, addressing indirectly the domestic  pharma trade imbalance in the sector, which is currently heavily dominated by  imports. The project further assists in the expansion of the company's  geographical outreach via the construction of three new warehouses in the  regions. Another integral part of the EBRD transaction has been the development  of a tailor-made Corporate Governance Action Plan, to be adopted and  implemented by the company and the wider Asklepiy Group to which it belongs.
Kriva Palanka - Bulgarian Border Road Provision of a sovereign-guaranteed loan in the amount of up to EUR 12 million  to Public Enterprise for State Roads (PESR) to finance the construction works  for the rehabilitation of a single two-lane carriageway road section, 13.5 km  in length, between Kriva Palanka and Deve Bair near the Bulgarian border. The  loan will be guaranteed by FYR Macedonia.  The project is part of the eastern section of Pan-European Corridor VIII.  Support FYR Macedonia's economic development and contribute to its regional  integration by improving connectivity within its regions and between FYR  Macedonia and the EU.
Slovenska Sporitelna Covered Bonds In June 2019, EBRD approved investments in a series of EUR-denominated mortgage  covered bonds to be issued by Slovenska sporiteiia, a.s. ("SLSP") under the  EBRD Covered Bond Framework II for Slovakia.  In June 2019, the EBRD invested in the first EUR 500 million benchmark  covered bond issuance of SLSP with a 7-year tenor. The EBRD participation was  EUR 40 million with 60% of EBRD investment to be allocated to green projects in  line with the Bank's Green Economy Transition ("GET") approach.  In April 2022, the EBRD subscribed EUR 55 million in the EUR 500 million  benchmark covered bond issuance of SLSP with a 5-year tenor. 100% of the  proceeds were to be directed to green sub-projects in line with EBRD GET  criteria.    In August 2023, the EBRD invested EUR 25 million in covered bond issuance of  SLSP, in a total amount of EUR 500 million and a 4-year tenor. 100% of the  proceeds to be directed to green sub-projects in line with EBRD GET criteria.    All bonds are listed on Bratislava Stock Exchange.  The project seeks to support a systematically important bank to strengthen its  resilience, diversify funding sources and enhance asset-liability profile. The  project also contributes to capital market development by enabling continued  issuances of covered bonds in Slovakia.  The project strongly supports the green agenda in Slovakia with SLSP  committing since 2019 to allocate 60%, and since 2022 100% of EBRD's  participation to financing green projects in line with EBRD's GET requirements.
Asaka Bank Project 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 provision of a senior unsecured loan of up to US$ 50 million to be  provided in synthetic Uzbek Som, US$ or € under the Resilience Framework in  favour of Asaka bank. The loan will be comprised of two tranches of US$ 20  million (Tranche 1) and US$ 30 million (Tranche 2). The proceeds of the loan  will be channelled by Asaka bank to private small and medium-sized enterprises  (SMEs) in Uzbekistan.  The proposed project will allow Asaka bank to provide funding to eligible  sub-borrowers thus improving resilience of the financial sector. Lending to the  SME segment will support Asaka bank's strategic expansion of its SME segment  within the wider aim to help commercialise the bank's business model.
OTP Bank Hungary (f. P Nemo, Bail-in Sub Debt) The EBRD invested EUR 60 million in a subordinated bond issued by OTP Bank, as  part of a benchmark issuance of EUR 500 million. This is the first  MREL-eligible instrument issued by OTP Bank since BRRD introduction and new  MREL guidelines, and the bank's return to the Euromarket since pre-crisis  times. The Tier 2 capital eligible bonds have a 10-year maturity, are callable  after five years and are listed on the Luxembourg Stock Exchange.  The EBRD further invested EUR 75 million in a EUR 400 million green senior  preferred bond issuance by OTP Bank in July 2022. The MREL-eligible bond has a  3-year maturity, with a call option after the second year, and are listed on  the Luxembourg Stock Exchange.  With this investment, the EBRD is seeking to support the resilience of the  largest bank in Hungary and one of the important regional banks across CSEE by  contributing to the optimisation of OTP Bank's capital structure and increasing  the weight of Tier 2 instruments and MREL-eligible funding base, in line with  the regulatory requirements to be introduced in Hungary.  EBRD's participation contributed to the mobilization of local and foreign  institutional investors and supported OTP Bank in successfully placing the  bonds.
KTZ CHF Eurobonds EBRD's subscription to the CHF 170 million Eurobond issue of Kazakhstan Temir  Zholy, Kazakhstan's National Railways Company (KTZ).  The proceeds from the Bank's subscription to the Eurobond will be used to  refinance KTZ's existing non-CHF hard-currency debt.  The Project will support the risk management measures, which will improve KTZ's  financial sustainability. In particular the transaction will help to reduce the  Company's exposure to foreign exchange risk by refinancing non-CHF hard  currency loans, which cannot be naturally hedged against the Company's transit  or domestic revenues. In addition, the placement will help to optimise its debt  maturity profile and improve its liquidity position.
Horezm Water Project The provision of a sovereign loan of up to US$ 60 million (€50 million) to the  Republic of Uzbekistan to be on-lent and/or granted to the water utility  Limited Liability Company Xorazm Suv Ta'minoti, formerly known as the State  Unitary Enterprise Horezm Suvokova to finance the Company's Priority Investment  Programme (PIP). The PIP includes such investments in water and wastewater  infrastructure of Khoresmoblast as the construction of new water intakes and  renewal of pumping stations, water and wastewater treatment facilities, and the  installation of household and bulk meters. These components are aimed at  improving water quality, access to safe drinking water and wastewater treatment  services.  The Project is expected to increase the number of people connected to the water  and wastewater network by around 200,000 people, reduce water losses, enhance  energy efficiency and quality of wastewater treatment.