devinitorg/iati-policy-markers huggingface dataset:
WCS2 GIME Bank 0  0  0  0  0  0  0  0  0.0000       The project is a credit line of US$  20   million to be extended to Global IME Bank Ltd. (the Bank or GIME). The project will provide funding to the Bank to support the   entities primarily, but not limited to   Small and Medium Enterprise  s   (SME  s  )   engaged in tourism, agriculture, micro finance and small & cottage industry sectors, as defined in the priority sector guidelines by NRB.    In terms of size and capitalization, the bank ranks 5th, among private sector commercial banks in Nepal. The total asset base and loan portfolio of the Bank were   NPR124 billion (  US$1,1  51   million   equivalent)   and   NPR89.7 billion (  US$8  33   million   equivalent)  , respectively, as of April 13, 2018. The Project is expected to increase access to financing for tourism, agriculture, micro finance and small & cottage industry sectors in Nepal, a sector which is financially deprived due to the low supply of credit. Financing is necessary to finance their daily business operations, source supplies, pay employees and support capital expenditure. Further, this growth will ultimately facilitate job creation and income generation for the Nepalese economy.
BOK STF Loan The Project consists of providing a 1 year Short-Term Loan in the amount of upto US$8 million (up to 12 months, renewable up to two times at IFCs option for an additional 12 months, for a maximum aggregate period of up to 3 years) to Bank of Kathmandu (Bank or BoK) to support the foreign currency needs of SMEs in Nepal.  The financing provided to BoK is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness and job retention / creation. Financial Sector Deepening: The Project will enable BoK to access foreign currency funding and compete on a level-playing field with foreign banks that have the benefit of parent funding. The IFC funding will also encourage other international banks / FIs to lend to local banks in Nepal eventually increasing the access to market funding.  Supporting Trade: Support to SMEs (via trade financing) is critical as trade in Nepal contributes 41% to the GDP. The project will have a positive impact on economic activity in Nepal
NMB Nepal SME The proposed investment comprises of a 3-year senior loan of up to US$25 million to be extended to NMB Bank Limited (the Bank). Through the investment, IFC will support NMB in raising long term funding for its lending program to Small and Medium Enterprise (SME). Stakeholder Effects: IFC anticipates the project will provide up to US$25 million in long-term financing for SME. Expected impact includes increase in accessibility of financing for NMB's SME clients, which will ultimately facilitate job creation and income generation in Nepal. 
Market Impact: Increase competitiveness of SME financing: The high-risk structure for SME lending, absence of appropriate credit methodologies, and lack of product differentiation restricts expansion and innovation in SME financing. IFC's focused lending towards SMEs will demonstrate sustainability of lending to this segment and support increase in overall banking credit to the SME sector.
Fairfield-KTM Nepal Hospitality Group Pvt Ltd (NHGPL, the Company or the Borrower), was incorporated in 2012 as a private limited company under MS group (the Group). The MS group, a reputed conglomerate in Nepal , has  diversified presence in textile, steel, consumer goods, real estate and other sectors. The Group is currently venturing into hospitality industry by developing a midscale hotel in Kathmandu, under the Fairfield brand of Marriot Group.   The proposed hotel is a greenfield, Three star facility, hotel property (the Project), to be operated by Marriott International (the Operator).    It will have a total of 110 rooms with 10 floors, 2 basements, and will include other amenities such as one restaurant, fitness centre, two meeting rooms, bar and a shop. The Project''s development impact will include: -	Direct Job Creation: The Project will create approx. 80 new direct jobs, as well as temporary jobs during construction. Number of female jobs are expected to be in the range of 10%. Given that the hotel will be operated by a world-class hotel operator, the Project will help enhance local workers'' skill-sets. -	Indirect Job Creation and Local Supply Chain Linkages: As in all hotel projects a significant number of indirect jobs are expected to be created. The Project will generate incremental business and indirect jobs for domestic Micro, Small and Medium Enterprises (MSMEs) in the value chain, construction supply and services during implementation including transportation, tour guides, F&B suppliers and other service providers.  -	Bridging Gap in the Tourism Sector: Fairfield Kathmandu would be the first internationally branded and professionally managed hotel in Nepal focusing on middle income travelers. This particular segment would be more interested for leisure travel to Nepal because of quality infrastructure and service. -	Technology Transfer: NHGPL intends to adopt global best practices in terms of green building construction, efficient hotel operations, worker productivity and energy efficiency, which would set an important example and potentially elevate productivity and efficiency standards of the overall industry.  -	Benefit to the Government: The Project will generate tax revenues for the Government of Nepal.
Sanima SME 2022 The proposed investment is a 3-year US$ senior loan of up to US$20 million to Sanima Bank Limited
(Sanima or the Bank), the 18th largest commercial bank in Nepal with the total assets of US$1.5 billion as of
January 2022, with the proceeds exclusively used for on-lending to small and medium enterprises
(SMEs) in Nepal (the Project). The Project is expected to contribute to improving liquidity in the
financial sector and supporting the fast recovery of SMEs impacted by the COVID-19 pandemic,
including the underserved rural SMEs. The Project is also a continuation of IFCs systematic engagements in Nepal to improve the inclusiveness, competitiveness and sustainability of the financial sector
in the country. Project level outcomes
  Stakeholder effects: Increased access to finance for SMEs: SMEs in Nepal suffer from an estimated financing
gaps of US$2.9 billion, as SMEs face greater credit constraints especially during periods of tight liquidity. The Project will increase access to finance for underserved and rural SMEs to meet their requirements for working
capital and business expansion, and provide them with greater financing certainty to allow them to grow their
businesses.
  Market creation outcomes
Inclusiveness:   The Project will demonstrate to other banks the viability of SME centric business model (as
most of the 27 commercial banks have historically focused on the corporate segment) with a particular focus
on rural SMEs. This is expected to encourage other banks to adopt the business model and expand their
outreach to rural SMEs. The Project's catalytic effects will be augmented by IFC's systematic engagement in
Nepal alongside other banks to reach the underserved rural SMEs.
Upper Bhote Koshi Hydroelectric Power Project Summary Of Project Information (SPI)       Project Name    Nepal-Upper Bhote Koshi Hydroelectric Power Project              Region    Asia        Sector    Power      Project No007365   Projected Board DateDecember 8, 1997   Company NameBhote Koshi Power Company   Technical Partner and/or Major Shareholders    	Panda Energy International, Inc.   	Harza Engineering Company International L.P.   	Himal International Power Corporation    Project Cost Including proposed IFC investment    	Up to US$3 Million exposure to undertake US$ interest rate swaps.    Location of project and Description of site    	Kathmandu (Nepal)    Description of Company and Purpose of Project    	The objective of this project is to allow Bhote Koshi Power Company (the Company) to hedge its interest rate risk. The Company  has requested that IFC establish a Risk Management Facility in order for it to enter into interest rate swaps on its FMO, Dresdner and Bayerische Vereinsbank loans under the IFC B loan. The interest rate swaps will effectively convert these loans from variable rate US Dollar (US$)to fixed rate US$. These interest rate swap transactions will be priced on the basis of standard IFC pricing guidelines for client risk management transactions. IFCs total exposure under these swap transactions is estimated at approximately US$3.0 million. This project will further support the developmental initiatives cited in IFCs investment in the Project. Interest rate risk management would improve the stability of the Companys future cashflows and enhance its economic viability.    Environmental Category and Issues    	The proposed transaction is of financial nature only, and accordingly is classified as a Category C Project according to IFCs environmental review guidelines and procedures. No further environmental review is required.         Date SPI sent to PIC    Revised:     April 8, 1996   December 4, 1997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384  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).
Business Oxygen Pvt. Ltd. Ventures Nepal (the Fund) is one of the funds in the IFC SME Ventures program, which will provide risk capital financing and complementary advisory services to small businesses in challenging IDA countries.  The target size of the Fund is $10 million, including IFCs commitment of up to $7 million. In addition, IFC acting as Implementing Entity of the Pilot Program for Climate Resilience (PPCR), and Department for International Development (DFID) will invest up to US$3.6 million and up to US$4.0 million respectively. PPCR funds will help support climate resilient investments.  The Fund will make risk capital investments of up to $500,000 in SMEs in Nepal. The fund manager will be White Lotus Centre Pvt. Ltd. (WLC), a local investment firm. IFC Ventures focuses on high risk IDA countries where few other sources of financing for small business operate.  The program will directly build the local capacity of financial intermediaries to manage sustainable investment funds for small businesses, providing both risk capital and critical advisory assistance.
Nirdhan MFB Nirdhan Utthan Bank Ltd. (NUBL or Nirdhan), a microfinance bank, commenced operations in 1999 by taking over the microfinance activities of Nirdhan NGO. NUBL is one of Nepals largest Micro Finance Development Banks (MFDB) with an outreach of nearly 110,000 clients and outstanding loans of approximately $13 million. It offers a wide range of loan products, deposit products, micro insurance and remittance.  IFC proposes to invest up to $0.40 million equity for an up to 15% stake in Nirdhan Utthan Bank Ltd to provide a stable funding source in these turbulent times. An advisory services package through SEDF to strengthen institutional capacity is to be implemented in tandem with the proposed equity. The development impact of the project is envisaged to be the following:  As one of first foreign investments since the cessation of hostilities, this project is envisaged to promote investor confidence in Nepal. This project will help Nirdhans growth plans over the medium term through financial and capacity building support. Nirdhan will serve as the industry model on service delivery, corporate governance, institution-building elements such as risk management, internal controls that IFCs advisory support will focus on.
Probiotech Project Probiotech Industries Private Limited (PBIL or the Company) is one of the first organised sector poultry feed manufacturers in Nepal. Currently, key products are animal feed, de-oiled cake and crude edible oil. Company is now undertaking capital expenditure for forward integration into the production of soya flour and nuggets and refined edible oil. PBIL is also streamlining its ownership and improving its balance sheet structure. IFC and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) are looking to support the Company with this project. GAFSP is a multilateral mechanism launched by the G20 with the purpose of scaling-up support to help less developed countries alleviate poverty and improve food security, and IFC is the implementation entity of the Private Sector Window (i)Food security: Since feed represents over eighty per cent (80%) of live broiler production costs, improvement in feed quality and feed mill production efficiencies, as envisaged by the project would help in reducing cost of production of broiler making it more affordable to the end-consumer through achieving economies of scale. (ii)Supply chain efficiency and income generation for small growers:On successful completion, the project is likely to help increase the efficiency of the food supply chain leading to improved productivity at the farm-gate level thereby translating into higher income for the growers (iii)Employment creation:The proposed project once completed is expected to help create both direct and indirect employment opportunity for people both at the plant and farm level
Upper Trishuli-1 Upper Trishuli 1 is a 216 MW run of river hydropower project on the Upper Trishuli river in Nepal (UT1 or the Project), owned by a special purpose vehicle, Nepal Water & Energy Development Company Pvt. Ltd. (NWEDC or the Company) established under the laws of Nepal.      The Project will sell power to Nepal Electricity Authority (NEA), the national utility, for domestic supply under a 30-year power purchase agreement (PPA).  The Project will be developed on a Build, Own, Operate and Transfer (BOOT) basis under a 35-year concession agreement (Project Development Agreement or PDA) with the Government of Nepals (GoN) Ministry of Energy, Water Resources and Irrigation (MOWERI).     The Project is of strategic national importance and will be the largest Foreign Direct Investment (FDI) in Nepal to date, increasing the countrys domestic power supply by approximately one-third compared to todays levels and providing about 40% of its expected 1,456 GWh of net annual output during the dry season, which includes the peak winter demand months. The Projects expected commissioning date is October 2023. The Project is expected to have positive impacts at both a sector and project level:

(i) Demonstration effect: First, UT1's PDA and PPA are expected to become model project documents for FDI in Nepal's hydropower sector. Second, efforts on managing cumulative impacts, impact on aquatic habitat and benefit sharing through local share ownership are expected to set a sustainable benchmark for future hydropower development.

(ii) Increased electricity generation: The Project is expected to supply baseload power for domestic consumption of 1,446 GWh per year to reach about 9 million people and reduce dependence on power imports. A large share (nearly 40%) of UT1's output is expected to be in the dry season, which includes the peak winter demand months. 

(iii) Climate change mitigation and adaptation: The Project includes substantial capital expenditures for design elements that improve the Project's resilience to potential climate change impacts. 

(iv) Benefits to local economy and livelihood: The Project's benefits include construction-phase employment of 1,100 workers, a local skills training program, 0.5% of Project costs for community development, up to 10% of Company shares offered to Project Affected People, and 20 kWh of monthly free rural power given to nearby/eligible households.
RMDC Project IFC proposes to invest up to 10% in Rural Microfinance Development centre Ltd (RMDC), an apex microfinance wholesale lending institution in Nepal with over 79 microfinance institutions (MFIs) as its clients.  

RMDC was established in 1998 with the support of the Nepal Rastra Bank (NRB), the central bank of Nepal, and the Asian Development Bank (ADB), with majority stake held by NRB (26%) and 13 commercial banks (67%). RMDC has been playing a promotional and developmental role in the microfinance sector since its inception. RMDC has a primary objective of increasing the number of retail MFIs by identifying potential institutions across the country and assisting them to become quality MFIs by providing intensive training and technical support, along with loan funds for on-lending to individual microfinance borrowers. The Project is expected to have the following development impact:

(i)	Increased access to finance for low income households as the outreach of microfinance programme has been severely limited; 
(ii)  Facilitating microfinance program expansion in under penetrated mid-western and far western regions of Nepal; and 
(iii)	developing institutional capacity of MFIs through RMDCs extensive training programs.
GTFP Global IME The proposed project involves establishing an unfunded short term trade finance facility with Global IME Bank Limited (GIBL or the Bank) in Nepal under the Global Trade Finance Program (GTFP or Program) of IFC (the Project) with a carve out allocated towards climate smart trade finance. GTFP is IFCs response to shortage of trade finance limits in developing economies such as Nepal and the project will support GIBL in addressing the demand and supply gap for its growing trade business. The proposed project is expected to have both project level and market level development impact. The expected project-level outcome is improved access to Trade Finance for GIBL and its trade finance customers. The proposed GTFP facility will allow GIBL to connect with more global Confirming Banks (CBs) with better capacity which will help the Bank to process more transaction for its clients. Beyond the Project, IFC anticipates that GTFP improves overall market integration by (1) maintaining and expanding trade finance, financial linkages and trade across multiple markets through strengthening these bilateral correspondent banking connections; (2) serving as an enabling platform to make new connections between local and international banks and their customers; (3) channeling new sources of capital to support Emerging Markets and Developing Economies (EMDE) trade flow through demonstration and replication of successful correspondent banking connections and the trade finance program itself as a successful investment instrument.
Dolma II Project IFC proposes an equity investment of up to US$10 million in Dolma Impact Fund II (Fund II or Fund), subject to
IFCs aggregate commitment being not more than 20% of the Fund size, where US$5 million shall be from IFCs ownaccount and remaining US$5 million, which shall be subordinated to IFC in a first loss structure, shall be from the Blended Finance Facility (BFF) of the IDA18 IFC-MIGA Private Sector Window (IDA PSW), created by the Word
Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states.
  The Fund is looking to raise US$75 million in investments across various sectors in Nepal. The investment is being
processed under the SME-ventures delegated authority framework. Project level outcomes are i) improving access to capital, and ii) supporting value creation for investees. The
main market-creation outcome is increased market competitiveness through demonstration of confidence in
the Fund Manager sending a signal for other fund managers to enter the country.
SBL Nepal SME The proposed investment comprises of a US$55 million investment through a 3-year USD denominated senior loan to Siddhartha Bank (SBL or the Bank), to be used exclusively for on-lending to small and medium enterprises (SMEs) in Nepal (the Project) with US$5.5 million carveout for green financing. Of the US$55 million, US$25 million will be through mobilization. SBL is a fast-growing commercial bank with a strong retail and small and medium enterprise (SME) segment. The shortage of liquidity in the financial sector is inherent in Nepal, and the business operations and economic activities of SMEs have been hampered by the COVID-19 pandemic. The proposed facility will assist the Bank to further extend capital to the SME segment and contribute to improving liquidity in the financial sector and support the fast recovery of SMEs impacted by the COVID-19 pandemic, including the underserved rural SMEs.  SBL is Nepals 6th largest bank in terms of total assets and has grown organically every year in ranking, size and profitability. The Bank is characterized by a large stable deposit base, low cost to income ratio, high retail assets, good asset quality and decent profitability. The Bank has an experienced senior management team with a strong vision to grow the Banks operations profitably while maintaining high levels of corporate governance.  For the year ended 16 July 2022, the Bank reported total assets of US$2,033 million, loan book of US$1,424 million, net worth of US$168 million and deposits of US$1,473 million. The Bank has robust asset quality (with a gross non-performing assets ratio of 1.03%) and healthy profitability with return on total assets of 1.31% and return on equity of 15.22%. SBL is rated BBB+ by ICRA. Stakeholder Effects: (i) Increased access to finance for SMEs, including women owned SMEs: The project is expected to contribute positively towards access to finance for SMEs in Nepal, which identify access to finance as a major constraint. In addition to the growth in the overall SME portfolio, Siddhartha Bank will pursue a more inclusive strategy by increasing its outreach beyond the urban areas and cater to SMEs in rural areas with due focus on women owned SMEs. SMEs play a central role in the creation of employment in emerging markets. By improving access to finance for SMEs, the investment with Siddhartha Bank is expected to create more jobs in the economy. (ii) Increased access to climate finance: The Project also will contribute to climate mitigation efforts in Nepal by increasing access to climate finance for clean transportation, climate smart agriculture, and green buildings. IFC anticipates that the Project will build SBL's capacity to identify and evaluate green lending opportunities and increase access to green financing in Nepal over the next three years.
ILFC Equity Investment International Leasing & Finance Company Limited is a non-banking finance company operating in Nepal since 1996.  The company is a joint venture between KDB Capital (a subsidiary of Korean Development Bank) and Nepalese sponsors led by the National Life & General Insurance Company.  IFC''s proposed investment would meet the following objectives:  1)	IFCs proposed investment will help the small business community to gain easier access to longer term financing. 2)	An investment in the Nepalese leasing sector will strongly support IFC''s broader efforts to develop the financial sector. 3) 	It will strengthen ILFC''s capital base and enable the company become a model institution as a diversified financial services company.