devinitorg/iati-policy-markers huggingface dataset:
Growsari RI Growsari (GS or the Company) is a digital retail distribution platform connecting informal SME retailers (a.k.a. sari-sari stores) to fast-moving consumer goods (FMCG) manufacturers/wholesalers. Growsari is digitizing the FMCG supply chain in the Philippines and more efficiently matching large suppliers with fragmented demands. As part of this Project, IFC seeks to support the acceleration of Growsaris growth plans throughout the Philippines and anticipates that the Project Outcomes are Very Strong, derived from increased access to supply chain for informal retailers, with the potential to result in improved efficiency. Most retailers on the platform are expected to be informal and run by women, qualifying the Project as an Inclusive and Gender Business. Beyond the Project, the Contribution to Market Creation is Strong, aiming to substantially strengthen the integration of the retail value chain in the Philippines through digitalization, via demonstration and replication channels. A successful expansion by the Company is expected to demonstrate the viability of this business model, thereby triggering replication by new entrants and traditional players, and therefore promoting faster digitalization of retail supply chains, beyond the Company.
Integration  (i) Increased integration of the retail value chain in the Philippines through digitalization, via demonstration and replication channels. The Philippine retail value chain, which entails a B2B segment from manufacturers, distributors, and wholesalers to retailers; and a B2C segment from retailers to consumers,  remains underdeveloped due to significant frictions in the B2B segment arising from the presence of multiple middlemen and fragmentation.
PEEP - BPI Project The project entails a risk sharing facility (the Facility) of up to $20 million equivalent to the Bank of the Philippine Islands (BPI or the Bank).   The Bank is the third largest universal bank in the Philippines in terms of total assets. The Bank is a publicly listed domestic universal bank offering a wide range of financial services that include corporate, consumer, overseas and investment banking as well as asset management and insurance.  This Facility builds upon the Sustainable Energy Finance Program (SEF Program) launched in 2008. SEF programs aim has been to establish partnerships with local banks using financial products and technical advisory to increase funding to renewable energy (RE) and energy efficiency (EE) projects. Development Impact  The following development benefits are expected:  IFC is contributing to the development and diversification of the financial sector by assisting in the development of new markets and product lines with significant growth potential.  IFCs project complements BPIs strategy to support the EE and RE sectors and will enable the Bank to manage risk and grow its EE and RE assets at a faster pace than it would on its own.  Environmental and social benefits: The Philippines is heavily dependent on energy as an input and has one of the highest electricity rates in the region.  The project will contribute to increasing efficiency in industry and reduce operating costs.  In addition, the project will also contribute to pollution reduction by increasing usage of more efficient technologies with fewer harmful side-effects.
Filinvest Land The proposed project comprises a long term local currency loan of about $40 million equivalent to Filinvest Land Incorporated (FLI, or the company) for extending mortgages to the affordable and middle income segments of the population that are unable to access bank financing.  FLI is one of the largest Philippine residential real estate developers, offering a wide range of products from socialized and affordable housing to middle-income and high-end housing to various types of subdivision lots.  FLIs residential real estate activities cover the acquisition of raw land, the horizontal development of such land into residential subdivisions, the sale of subdivision lots, the construction and sale of housing units, and the provision of mortgage financing to its customers.  FLI has an extensive landbank of approximately 2,400 hectares across the Philippines, which it estimates would support its project development activities for the next five to ten years.
WCS COVID CSME The proposed project entails an IFC investment of up to PHP250 million (US$5 million equivalent) in a one-year, renewable senior loan) to CARD SME Bank, Inc. (CARD SME or the Bank) with at least 65 percent of the loan being targeted at women and women-owned businesses. The investment aims to support the Banks working capital lending program to its micro, small and medium clients impacted by Covid-19 (the Project).  The Project is expected to be supported by the Women Entrepreneurs Finance Initiative (We-Fi) in the form of a performance-based incentive (PBI) of up to 0.2% of the total project cost of PHP 250 million to incentivize on-lending of the proposed working capital loans to women and women-owned/women-led enterprises.  The estimated subsidy provided by We-Fi assumes that the Project will fully reach the agreed impact and shall only be paid out upon achievement of the pre-defined gender target. We-Fi is a multi-donor initiative to address barriers to financial access and provide related services that address public and private-sector constraints to women entrepreneurs and women-led SMEs across the developing world, thereby promoting jobs and boosting economic growth.  Further details and historical information on estimated subsidy levels in IFCs blended finance portfolio can be found at: www.ifc.org/blendedfinance. As is the case with all of IFCs blended concessional finance co-investments, this project has been assessed against the Enhanced Blended Concessional Finance Principles for DFI Private Sector Operations adopted by IFC and more than 20 other DFIs in 2017.  Further information on these Enhanced Principles and IFCs blended finance approach and governance can also be found at:  http://www.ifc.org/blendedfinance . To support this increase in trade volumes at this most critical time, IFC is starting this support through existing clients while remaining open to engaging with other eligible financial institutions providing working capital in emerging markets. By supporting its clients' capacity to sustain operations during this acute shock, IFC best positions the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities. 

Project Outcome: By providing access to finance/liquidity to relevant stakeholders (emerging market financial institutions, and through them, their customers), the Project will support stakeholders' capacity to sustain operations and to expedite post-crisis recovery. The Project intends to provide up to PHP 250 million of liquidity to CARD SME, which will then be on-lent to approximately 17,750 MSME clients. 

Market Creation: By sustaining the ability to provide these services, IFC's facility is intended to promote jobs as well as broader stability that comes about by providing for the going concern of market participants in Philippines.
Energy Dev III p.cls-cls-normal {
    line-height:107.9%;
    text-align:justify;
    font-family:'Times New Roman', 'serif';
    font-size:12pt;
    margin-top:0pt;
    margin-left:0pt;
    margin-right:0pt;
    margin-bottom:.001pt;
}
span.cls-cls-defaultparagraphfont {
    font-family:'Times New Roman', 'serif';
    font-size:12pt;
    font-weight:normal;
    margin:0in;
    padding:0in;
}
table { border-collapse:collapse !important; width:100%; table-layout:fixed; border-spacing:0 !important; margin-bottom:15px; } .k-table, .k-table td, table, table td, div table, div table td {outline: 0;border: 1px solid #000;} .k-table td, table td, div table td { padding: 5px;} 
  
  
     
       
          EDC is an integrated geothermal steam and electric power producer with its core activities being the exploration, development, and production of geothermal energy. The company operates 1,169 MW of geothermal, 150 MW of wind, 132 MW of hydroelectric power, and 6.8 MW of solar, delivering a total of 1,457.8 MW (gross) of clean and renewable energy. EDC owns over 60% of the country's total installed geothermal capacity of 1.9GW.  
       
       
         The company is an existing IFC client and is seeking financing to support EDC's 2018 capital requirements and other general corporate purposes for existing geothermal operations. These capital expenditures include the balance of work related to the return of service of the geothermal power plants in Leyte that were affected by the July 2017 earthquake and project initiatives aimed at increasing the reliability, efficiency and throughput of EDC's existing geothermal facilities as well as reducing outages and health, safety & environment (HSE) risks. The project will: i) help address the climate change impacts in the Philippines by providing base load renewable energy power; ii) help maintain the avoidance of GHG emissions equivalent to about 5,047,997 tons of CO2 per year; iii) contribute to diversification of Philippine electricity generation mix in the Philippines which is currently skewed towards coal based generation; iv) provide uninterrupted, reliable electricity supply to people of Philippines.
Cravings Equity TCG Holdings, Inc (TCG or the Company) is a Philippine holding company with interests in food service and manufacturing, hotel operations and education. These operations are owned by four operational companies: (i) Cravings Food Services Inc. (Cravings), (ii) Innkeepers Inc. (Innkeepers, a hotel operator), (iii) CNA Culinary Services Inc. (CCA, an education provider specialising in culinary arts), and (iv) the Asian School of Hospitality Arts (ASHA, an education provider specialising in hospitality). The groups operations started when Cravings Bakeshop was established in 1989.  TCG is undertaking an expansion project to grow both its education business line and its food service operations.   Project i) Increase access to specialized technical vocational education & training (TVET) or higher education for lower to middle income students in regions not well served by post-secondary education and in fields closely linked to employment needs in Philippines and globally. TCG currently has around  4,700 students (2,150 in CCA and 2,550 in ASHA)  enrolled across its 14 operational training schools and plans to expand the capacity up to 10,500 students by 2016;  ii) Employment generation, specifically in the catering sectors, through the expansion of the group''s food service business. TCG presently operates 10 coffee shops and 28 restaurants, which it plans add 20 new coffee shops and 16 restaurants in next few years.
Hambrecht and Quist Philippine Ventures III Summary Of Project Information (SPI)       Project Name    Philippines-Hambrecht & Quist Philippine Ventures III (H&QPV3)             Region    East Asia        Sector       Project No008562   Projected Board DateNovember 20, 1997   Company NameHambrecht & Quist Philippines, Inc. (H&QPI)   Technical Partner and/or Major Shareholders    	The principal project sponsor is H&QPI, a major venture capital fund management company based in Makati, Metro Manila, Philippines.     Project Cost Including proposed IFC investment    	Total project cost or fund size is expected to be around US$40 to US$50 million.  IFCs proposed investment is US$7.5 million in equity.    Location of project and Description of site    	Makati, Metro Manila, Philippines    Description of Company and Purpose of Project   (include IFCs Role and Development Impact)    	The proposed project will be H&QPIs third venture capital fund under management, and will have an expected life of 10 years.  H&QPV3 will invest equity in private SMEs and diversify its investments to include SMEs located outside of the Metro Manila region, specifically Mindanao.      	IFC has played a key role in structuring the proposed fund and convincing H&QPI to adopt international best practices.  The project will provide much needed long term equity financing to Philippine SMEs and will help develop the Philippine equity capital markets as the SMEs eventually become publicly listed on the Manila Stock Exchange.     Environmental Category and Issues    	This is a Financial Intermediary (FI) project according to IFCs Environmental review procedure.  H&QPI will be required to undertake an environmental review of eligible investee companys environmental performance and each investee companys compliance with the Republic of Philippines environmental, health and safety laws, regulations and standards as well as applicable World Bank policies and guidelines.  During implementation of the project, IFCs Environmental Division must review and clear all environment category A investee companies.  In addition, IFC will also assess H&QPIs capability to carry out environmental reviews on each investee company.       Date SPI sent to PIC     October 16, 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
ARCHIPELAGO II IFC proposes an equity investment of up to US$ 25 million into Archipelago Asia Focus Fund II L.P (Fund), managed by Archipelago Capital Partners Pte Ltd. (Manager). The Fund is targeting to raise US$250 million and will primarily focus on control situations across three core sectors (consumer goods and services, financial services, and industrials and logistics). The Fund aims to make 7-10 investments in well-established small/or mid-sized companies in SE Asia, with specific focus on Indonesia and Philippines (focus countries) and in Thailand and Malaysia on an opportunistic basis. Expected development impact includes:
 (i) providing access to private equity to mid-cap companies in Southeast Asia (SEA), focused on businesses in Indonesia and the Philippines, and 
(ii) increased investee growth, through the Manager's control strategy focus on improving operational efficiency and management practices.
MAA Equity Project International Finance Corporation (IFC) is considering an equity investment of up to US$10 million for an up to 17% effective stake in MAA General Assurance Philippines Inc (MAAGAP or the Company) together with lead investor Triple P Advisory Pte Limited (Triple P, Lead Investor) and other development financial institutions (DFIs).  MAAGAP is a non-life insurance company in the Philippines with 2% market share based on gross written premiums (GWP). Increased access to non-life insurance for individuals and MSMEs: The Project is expected to increase MAAGAPs reach by diversifying its distribution channels and increasing digitalization, particularly through a portal and system for its distribution partners which will improve the operational efficiency of these intermediaries. This will help to increase access to non-life insurance services for individuals and MSMEs in the Philippines.

Competitiveness: At the market level, IFC anticipates that the Project will increase competitive pressures within the non-life insurance sector in the Philippines by driving innovation and the replication of MAAGAPs approach of using lending, pawnshops and money remittance centers with country-wide distribution networks as a non-traditional channel which will extend the reach of non-life insurance products to underserved MSMEs and individuals.
PSMT Philippines The project involves the setting up of seven warehouse stores, in different parts of Metro Manila by PS Phils. The warehouse stores are being located within Metro Manila to take advantage of dense populations and relatively high levels of consumer demand.  They sell a variety of food and consumer goods with emphasis on quality, low prices, and efficient operations.  The warehouses typically carry a much smaller product range compared to supermarkets - 2,500 stock-keeping (sku) units (vs. 25,000-30,000 sku units for supermarkets) including apparel, food services, bakery, photo centers, and tire centers.  About 50% of sales are derived from products sourced from the local market.  The target customers are consumers and small businesses.       IFC''s Role:    - Provide long-term financing which is otherwise not available.   - IFC presence will help mobilize other medium to long-term sources of funding.     Development Impact:    - Introduction of a relatively new retailing concept which through increased efficiencies of purchasing, logistics, technology and distribution will provide consumers with lower prices on and wider access to, quality food and consumer goods.   - Better value for the mom&pop "sari-sari" stores (largely small and medium enterprises and micro enterprises).   - New markets for local suppliers that produce world class products.
CF RCBC Equity II This project comprises an investment in Rizal Commercial Banking Corporation (RCBC or the Bank), a bank in the Philippines, into which IFC, through the IFC Capitalization (Equity) Fund, LP is proposing an equity investment of up to US$100 million in the form of common shares.  RCBC provides a wide range of banking and other financial products and services, including commercial and retail banking, credit cards, asset management and treasury.   IFCs proposed investment will strengthen the Banks capital in anticipation of higher regulatory capital requirements of the Bangko Sentral ng Pilipinas (BSP) and support the Banks growth.   This project fits in with IFCs strategy to support the Philippine financial markets through equity type investments in local financial institutions that play a key role in providing access to finance to underserved sectors such as SMEs and housing. (i)	Continuing to strengthen the Philippine banking sector by providing long term capital, following IFC and IFC Cap Fund''s investment in BDO Unibank, Inc. in 2010  and RCBC in 2011, particularly in light of the higher capital requirements of Bangko Sentral ng Pilipinas; (ii)	Increasing access to finance to underserved segments in the Philippines such as SMEs, microenterprises, and homebuyers and women entrepreneurs, including in frontier regions outside Metro Manila; (iii)	Promoting and expanding better corporate governance and risk management practices in the Philippine banking sector; and (iv)	Contributing to the strengthening of environmental and social management practices in the country''s banking system.
Altus Project The project entails a twofold investment:  IFC will provide a loan to a to-be formed Special Purpose Vehicle (SPV), which along with the equity investment of the two sponsors of Altus Capital Partners (Altus), will establish a platform for the acquisition and resolution of Distressed Assets (DAs) in the Philippines. The SPV will acquire DAs consisting of sub/non-performing portfolios of assets and sub/non-performing single assets, including real estate-related performing, sub/non-performing loans, securities, assets and similar instruments, and distressed assets derived from special situations.   IFC will invest equity in a to-be formed Altus Holding Company (HoldCo) that will be the vehicle that holds interests in local servicing companies, such as 100% in Altus Capital Partners (PH) and potentially other servicing companies in Asia.  The proposed project is part of IFCs Debt and Asset Recovery Program (DARP), a crisis response initiative approved by the Board in August 2009, which focuses on DAs, roll-over risk and restructurings.  DARPs strategy is to revitalize financial systems through investments in DAs and servicing companies / platforms. - Economic Development: The successful implementation of the project will improve the secondary market for distressed assets in the countries of investment.   - 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 Altus to positively impact the market place by building NPL servicing capacity in the financial markets. The project is expected to increase the ability of financial intermediaries in the country to offload their assets, particularly non-performing ones, improve liquidity and devote  resources to originating new transactions.
GEF Asian Conservation Corporation The purpose of the ACC is to provide a financial return for investors while also generating a conservation return in terms of increased preservation of ecologically-significant marine habitats. The ACC has currently achieved a committed capitalization of $12.25 million towards its targeted level of $16.0 million.  It is managed by Next Century Partners, a Manila-based fund management company.     The purpose of this project is to conserve significant coastal and marine biodiversity through a unique partnership between a private equity investment holding company (ACC) and two local nongovernmental organizations.  IFC will channel a total of $4.5 million in GEF grant funds for the two local NGOs to carry out conservation activities in the six biodiversity rich areas mentioned above. The conservation activities in the Tranche 1 site of El Nido will be implemented by the El Nido Foundation (ENF).  The conservation activities in the five Tranche 2 sites in the Visayan Sea will be implemented by the World Wildlife Fund-Philippines (WWF-P).   ENF and WWF-P will involve and foster ownership among multiple stakeholders, including governmental agencies, local communities, private sector operators, and other local NGOs. The conservation activities will include: conservation management, marine enforcement, information-education-communication, sustainable livelihoods, biodiversity research and monitoring, and development of institutional and financial sustainability mechanisms.  The ACC portfolio companies  Ten Knots Corporation and Stellar Fisheries  will allocate some of their revenues to sustain these conservation activities after the GEF funds are fully utilized.
Voyager Project 0  0  0  0  0  0  0  0  0.0000       IFC is seeking to invest in Voyager to support the growth of its financial service unit,   Paymaya  , which operates a mobile money platform, domestic remittance network, and merchant acquiring business in the Philippines. i.	Access to and Usage of Transaction Accounts: The project will support the roll-out of a mobile wallet that allows users to carry out financial transactions, including domestic remittances, bill payment, airtime load, etc., on their phones in a cost efficient and convenient manner, thereby deepening financial access for the population 
ii.	Integration - IFC anticipates that the project will result in significant market integration by linking mobile wallet users to a growing array of digital financial and non-financial services, including e-commerce. Voyager's open-loop approach allows for interoperability of transactions and provides access to both traditional and digital accounts, integrating its users into the digital economy. 
iii.	Competitiveness - As a leading innovator in the market, Voyager will foster competitiveness in the financial sector by triggering changes in the market through the use of its low-cost, open-loop payment platform, which will push its competitors to innovate and offer new products and services at lower costs.