devinitorg/iati-policy-markers huggingface dataset:
Saratoga Asia II, L.P. Saratoga Asia II, L.P. (Saratoga II or the Fund) is a 10-year closed-end private equity fund formed by Sarataoga Ilmu Ltd. (the Manager), which is seeking up to $300 million in capital commitments to make control-oriented equity investments in natural resources, infrastructure and distressed situations.  While at least 50% of the Funds commitments will be invested in Indonesia, no more than 20% will be deployed in any one of the remaining Focus Countries (the Philippines, Thailand, and Vietnam).  No more than 20% of the Funds commitments will be deployed in Malaysia, Singapore and any other Part I countries on a combined basis. Saratoga II is expected to deliver the following development impact:   - Promote private sector growth:   The Fund will help private companies in Southeast Asia grow revenue, profitability, employment and labor productivity by providing risk capital and operational guidance.   - Enhance corporate practices:   The Fund will help portfolio companies adopt better practices in corporate governance, social and environmental standards.   - Improve public infrastructure and peoples lives:   The Fund will invest in power plants, toll roads, palm oil plantations and other similar projects which will create jobs, improve public infrastructure and the welfare of the community.
FMF-KBC Senior Loan The proposed IFC investment entails a financing package to PT KB Finansia Multi Finance (FMF) in the amount of up to US$150 million (in IDR equivalent) to be comprised of senior loans committed in tranches (Project). The Project is to support FMF's lending program to sustain and support the recovery of Indonesias middle-low income households as well as micro, small and medium enterprises (MSME) as well as other financing purpose(s) to be agreed between IFC and FMF during and post COVID-19 pandemic.   FMF is a non-banking financial institution (NBFI) in Indonesia focusing on providing financing to micro and small entrepreneur/businesses, with motorcycles, cars as collateral. As of December 2019, FMFs total assets stood at around US$245 million, with equity of around US$41 million. Project Outcomes: Stakeholder effects-increased access to finance for MSMEs.       
Market Creation:
1)	Inclusiveness: bridge the financing gap for the bottom-of-pyramid entrepreneurs who raised working capital by collateralizing their vehicles. 
2)	Resilience: facilitate FIs provide funding support their customers' operating cash flow to promote jobs as well as broader stability during Covid-19.
Tawada Project The Project consists of an up to US$15 million equivalent in Indonesia Rupiah (IDR) minority equity investment in PT. Tawada Healthcare (Tawada or the Company), a profitable, high-growth Indonesian medical devices distribution and manufacturing company.  The proceeds will be used to support the Companys capital expenditure for development of its manufacturing facility, acquisitions, and working capital as follows: (i) c.50% of the proceeds towards the acquisitions of one or several companies with medical device distribution and/or manufacturing capabilities that will leverage the Companys existing platform; (ii) c.20% of the proceeds towards capital expenditure to build its manufacturing capabilities in Batang Central Java Province, in an established industrial park; and (iii) c.30% of the proceeds will be used to fund the Companys working capital as it grows its scale. The development impact of the proposed project is evaluated against its contribution to the goals of the GHP Platform. Under the GHP, the project received a score of 50 "Good", based on the Projects support for manufacturing, distribution and sales of medical devices in Indonesia, an IBRD country. The project responds to the challenges of manufacturing and distribution during the COVID-19 pandemic, which placed enormous pressure on healthcare systems. The challenges of distributing medical products are greater in countries with difficult geographies like Indonesia. Through this project, IFC will support a leading domestic distributor and will help to build its manufacturing capabilities for medical consumables and basic equipment. There is also expected to be an impact on market resilience. This impact will occur through strengthening the supply chain to deliver medical devices across Indonesia, consolidating a market that is currently highly fragmented.
OTO Finance The proposed project consists of an IFC loan in fixed rate Indonesian Rupiah to PT. Summit Oto Finance (SOF or the company), a motorcycle finance company based in Jakarta, Indonesia, and part of Sumitomo Corporation Group. The proposed investment is consistent with all aspects of IFCs strategy. It would represent a stable source of funding which would help SOF to:  - expand its motorcycle financing activities to low income consumers,  - diversify its funding base, and - reduce interest rate risks and better match its assets and liabilities. Strengthening the Micro and Small Business Sector:   A large number of motorcycle owners use these as part of their SME/ micro businesses as an efficient mode of transportation to deliver goods and services. The project will facilitate the increase of motorcycle financing available to SME/micro businesses which is necessary to expand their operations.  Deepening NBFI Sector:  Indonesias financial sector is still heavily dominated by banks, which account for 80% of the financial sector assets. Indonesia needs to develop Non-Banking Financial Institutions (NBFI) sector, which can efficiently provide financing to consumers and SMEs by lowering operational costs and serving smaller customers than most banks target. Additionally, NBFIs can provide healthy competition to banks which will eventually further foster the development of the financial sector. The project will provide the company with long-term fixed rate financial resources for its growth. The support IFC provides to SOF will help it develop its own funding sources which can provide it with the ability to compete with the banking system on an ongoing basis and provide efficient, competitive financing to consumers.  Create Significant Job Opportunities:   The vast majority of motorcycles sold in Indonesia have a significant local value added component involving assembly within local factories as well as parts sourced from local suppliers. Not only does the project support job creation within the company, but also as the demand for motorcycles increases due to more availability of financing, the project will also indirectly support job creation along the value chain from local suppliers to distributors.
Wintermar Group PT Wintermar Offshore Marine Services Tbk (the Company) is a company listed on the Indonesian Stock Exchange. The Company is one of the domestic market leaders in the Offshore Support Vessel (OSV) business in Indonesia with a 12% market share. The Company currently operates 66 vessels and in line with projected growth in demand for OSVs in Indonesia, the Company is looking to acquire 15 additional vessels worth $140 million over the next few years to continuing servicing its clients (the Project). IFC is considering financing up to 8 OSVs as part of the expansion program for a total of up to $60 million. 

This current growth in demand for OSVs in Indonesia is driven by the increase in off-shore oil and gas exploration and production activities projected for Indonesia, particularly in the remote off-shore areas of Eastern Indonesia. These increased activities are the results of a strong increase in production sharing contracts awarded by BP Migas in recent years, now leading to an increase in exploration and field development activities by the oil and gas companies. The Companys expansion is estimated to capture its current market share of the projected total demand growth for OSVs in Indonesia. With an increase in exploration and production activity, particularly in Natural Gas, expected in eastern parts of Indonesia, there is a greater need for marine services in these regions where incomes are significantly below the average national GDP. As one of the few businesses operating in the area, Wintermar will create employment opportunities and the associated multiplier benefits of increased incomes and tax revenues in the area.
Ciputra Res Loan PT Ciputra Residence (CR or the Company) is a leading property development company in Indonesia. Its core business involves development of new neighborhood townships and ancillary facilities. The Company plans to further develop residential and commercial property projects in Java, Batam, Sumatra, Sulawesi and Kalimantan over the next few years (the Project). (i) Sustainable Urbanization: The expansion of the Company''s township projects will provide more than just housing for thousands of residents. The townships'' additional commercial, retail and supporting facilities such as hospitals and recreational venues will create sustainable living environments.  (ii) Job Creation: The project will create additional direct and indirect jobs through the Company''s continued development and expansion of its  township projects.   (iii) Promoting EDGE (Excellence in Design for Greater Efficiencies) Green Building Certification: The proposed investment will strengthen the initial Green Building partnership with CR in Indonesia, where they have actively supported and promoted IFC''s EDGE certification platform.
BioCarbon Project BioCarbon Group Pte. Limited (BioCarbon, the Company), registered in Singapore, has been established to invest in Avoided Deforestation (AD) projects in emerging markets. These projects will conserve forests from being converted into other forms of land-use and generate carbon credits  the sale of which will be the main source of income for the Project. BioCarbon is in the process of raising circa US$25 million of new capital. The proceeds will be used for (i) pre-development work in the identified sites for AD work; (ii) investment in concessions in Indonesia to be undertaken over the course of next 12-18 months, (iii) next two year development costs for projects in Indonesia and (iv) development of a pipeline of AD projects outside Indonesia. Climate change mitigation and adaptation is one of the World Bank Groups strategic priorities. IFC has identified the forest sector as one of the key pillars of its climate change mitigation strategy. The following outlines the key development impacts of the proposed transaction.

The Project will directly help in climate change mitigation through avoided deforestation of mainly tropical rainforests in several countries where these forests are seriously threatened.
The Project will result in intervention in sites where there is a significant threat of biodiversity loss.
The Project will provide for direct benefit sharing with local communities and local governments as well as development of alternative livelihood strategies for the local communities.
The Project would support one of the early private sector initiatives for conservation of forests and is likely to have a demonstration impact that could catalyze large amounts of private capital in this sector.
Finally, the Project is expected to demonstrate the viability of AD projects and serve as a test case for advancing the discussions on the adoption of an international Reduced Emissions from Deforestation  and Degradation (REDD) framework.
Tanah Laut Wind The project involves the development, construction, operation and maintenance of a greenfield 70 megawatt (MW) wind power plant with 10 megawatt hours (MWh) battery energy storage system (BESS) located in Tanah Laut Regency, South Kalimantan Province, Indonesia (the Project). PT Tala Alam Baru will undertake the Project under a 25-year power purchase agreement (PPA) with PT Perusahaan Listrik Negara (Persero) (PLN), Indonesias state electricity company. The main expected project-level outcomes stem from (i) environmental effects by establishing 70MW RE capacity in Indonesia where electricity generation is a major contributor to overall greenhouse gas emissions, and (ii) stakeholder effects by increasing the supply of electricity in the South Kalimantan province, with a tariff significantly lower than PLNs cost of generation in the region. Beyond the Project, the investment is expected to improve the resilience of the power sector supporting the third grid scale and competitively tendered wind IPP in the country, expected to yield significant demonstration effects and diversify the countrys energy mix, while also demonstrating the commercial viability of novel technologies to fuel Indonesias energy transition.
PT TVS - Indonesia II The proposed repeat project with PT TVS Motor Company Indonesia (PT TVS, or the Company) is the second phase of the establishment and start-up of operations of a 300,000 units capacity, green-field two-wheeler manufacturing facility in Karawang Indonesia by the Company (the Project). The second phase of the Project covers investments in the Companys distribution network expansion, product development, and working capital requirements. IFCs support is critical for successful completion of an already started project. Through the proposed investment, IFC will support an existing client and the Sponsor to ride out current financial crisis and to emerge as a stronger and more competitive in the regional setting. IFCs participation in the project would also provide comfort to other foreign investors who are wary of Indonesia's perceived macro-economic risks, and encourage additional foreign direct investment in the Country. Specifically, IFC will be: (i) enhancing the competitiveness of the Indonesian automotive sector; (ii) helping to introduce technologies that will bring better energy efficiency and green house gas mitigation in vehicles, since the products are going to have less polluting four-stroke engines; (iii) promoting the development of local supply linkages since more than 80% of the components are going to be sourced locally; (iv) helping to create new employment and (v) support a South-South investment and provide a demonstration effect to other foreign investors.
PT Bajradaya Sentranusa 0  0  0  0  0  0  0  0  0.0000       Asahan 1 is a 180 MW run-of-river hydroelectric power plant located in Indonesias North Sumatera Province at the upstream reach of the Asahan River. The plant has been operational since January 2011 and sells electricity to PLN, Indonesias national electricity utility, pursuant to a long-term PPA expiring on Dec  ember   31, 2040. The   contract stipulates an annual take-or-pay-energy level   of 1  ,175 GWh. Asahan   1 is   owned   by BDSN, an   Independent Power Producer   whose principal shareholders are Fareast Green Energy Pte. Ltd. and PT Pembangkitan Jawa Bali (PJB), a subsidiary of PLN, respectively. The financing will have positive effect on the average cost of generation in North Sumatera. Asahan 1 is currently one of the lowest cost producers in the region. The financing will allow the sponsor to invest in greenfield hydropower plants in the pipeline, thus contributing to increased share of renewables and associated reduction in CO2 emission in Indonesia. 

This project intends to enhance financial connectivity by demonstrating the role of institutional investors as an alternative source of financing for infrastructure projects that is at a nascent stage of development in Indonesia. This can have a demonstration effect for successful diversification of financing for infrastructure projects.
NISP Bank II The project involves IFC providing a senior loan of up to $35 million to Bank NISP (NISP, the bank or the company).  The senior loan would have a maturity of five years.  The IFC loan will help to:  

-  diversify the banks liability structure; 
-  reduce the banks maturity mismatches; and 
-  support the banks core lending activities in the SME sector.  

The IFC loan will also help bank in expanding its other activities (e.g., mortgage lending) which require longer term funding.   

The proposed IFC investment is part of a wide ranging effort by the bank to diversify and improve its capital structure and to expand its operations.  As such, the bank is also contemplating a 40% capital increase during the course of 2004.  Currently, almost all of the banks activities are funded by short term deposits (about 85% of total liabilities).  By providing longer maturity debt, IFC would help reduce duration and maturity gap, hence reducing the banks liquidity risk.  While the banks capital adequacy ratio of 13.78% (as of 31 Dec 2003) is considered adequate, the planned capital increase would facilitate the banks further growth while maintaining a strong capital adequacy ratio.
Trans Corpora 0  0  0  0  0  0  0  0  0.0000       The project involves a debt financing package to PT Trans Corpora (Trans Corp or the Company), a wholly owned subsidiary of CT Corp, which is one of Indonesias largest conglomerates and engaged in various sectors including tourism, leisure, retail, property, financial services, transportation and media.  Trans Corp has three subsidiaries  Trans Lifestyle, Trans Entertainment and Trans Media.  Trans Lifestyle has additional subsidiaries key of which is Trans Retail that has a central focus on retail activities and, to a lesser extent, property development and hotels.  IFCs investment will be used to (a) expand the retail and tourism (hotels) and related property components and for general corporate purposes corresponding to these activities, and (b) strengthen the Companys balance sheet through lengthening of the maturities of some of its debt. By expanding access to modern retail, tourism and leisure infrastructure in the country's less developed regions, the Project will (i) promote food affordability and safety, (ii) support SMEs along the retail value chain, (iii) improve job quality, increase wages and other associated benefits as well as female participation in the workforce, (iv) improve energy efficiency, especially in new buildings, through green building certification; (v) increase tax revenues for the government and (vi) enhance social and economic benefits from the development of integrated sustainable communities in under-served regions.
Wilmar Trading The project is intended to enable Wilmar Trading to scale up its offtake of crude palm oil (CPO) from palm oil plantations in Indonesia and process them into refined oil.  Wilmar Trading is the merchandising and trading arm of Wilmar Holdings, a leading processor and merchandiser of oilseeds and edible oil in Asia. 

IFC's support would facilitate Wilmar Trading to finance its 2003/2005 export program and allow continued sustainable long-term growth in a sector where Indonesia has a strong comparative advantage.
PT Prakarsa Alam Segar; PT Karunia Alam Segar PT Karunia Alam Segar (KAS) and PT Prakarsa Alam Segar (PAS), whose affiliates are existing IFC clients in Indonesia, are expanding into the instant noodle business by establishing plants in Jakarta and Surabaya.  They plan to set up several noodle lines in both Jakarta and Surabaya by the end of 2004, with the Surabaya plant also producing beverages and seasonings.
Wings Oil Palm The project companies were established by the Wings Group in 1995 to engage primarily in the development and maintenance of oil palm plantations and related manufacturing activities.  Agricultural development started in 1996 and as of December 2000 a total area of 10,659 ha had been planted with oil palms.  The project covers both the development progress to date and the next phase comprising the maintenance to maturity of immature plantations, planting of the remaining 2,700 ha of land and the construction of a second palm oil mill.  The project is the Wings expansion into agribusiness as a strategic investment that will offer synergy with its existing business and capitalize on Indonesia''s optimal conditions for oil palm cultivation.     The project is located in an undeveloped rural area in Kalimantan.  It has a significant development impact by providing employment and income generating opportunities to the local people in the remote area.  It is in support of an export product for which Indonesia has a competitive advantage.  In addition, the project will serve as a model in addressing social/community issues in the plantation development.    IFC''s role is seen as crucial because long-term financing is still scarce in Indonesia, especially for agribusiness projects.  This is particularly relevant in the oil palm industry where large plantations developed in the early 1990s are currently unable to source end-financing to complete their investments and more specifically their processing facilities.  IFC''s financing of the project is expected to be pivotal in reducing the perceived risks by potential institutional investors and banks.
PT Karunia Alam Segar PT Karunia Alam Segar (PT KAS) is one of the operating companies in the Wings Group.  The company is an existing IFC client. PT KAS produces instant noodles in Surabaya and seeks follow-on capital to expand its instant noodle lines.  The project will set up 9 instant noodle lines in PT KAS. The project will support the continued growth of a leading Indonesian food group to seize opportunities offered by a rapidly growing demand for processed foods. Secondary benefits from the project will likely include:    - employment generation; and   - increase in domestic competition.    The Indonesian economy will also benefit from the project through incremental taxes (income tax, import duties on equipment, import duties on imported raw materials).
Nabati Indonesia In 1985, Mr Krisdianto Lesmana and his wife, Mrs Ida Surjati Djaja Mukti established a traditional snack company serving the local market in Indonesia. In 2003, this home   industry  business was transformed to PT Kaldu Sari Nabati Indonesia (Nabati or the Company), a producer of wafers, biscuits, snacks and confectioneries under two principle brands: Richeese and Richoco. The Company owns three plants in Indonesia in the cities of Cicalengka, Rancaekek and Majalengka, all located in West Java.   The proposed investment is an up to US$100 million loan package comprising up to US$ 40 million A loan, up to US$ 30 million B Loan and up to US$ 30 million MCPP Loan to Nabati to support the expansion of its wafers, biscuits and snacks factory in Majalengka (the Project). The Project is expected to cost US$133 million of which US$33 million is from internally generated cash. - The development impact of the proposed project will be assessed using the AIMM framework. Project-level impacts are expected through employment creation both during the construction and operation phases as well as through economic activities along the value chain, especially at the downstream end with Nabati's extensive sales force and distributors.
- The Project will also increase tax revenues in Majalengka, a frontier region in Indonesia where the minimum salary is US$150 per month vs. US$ 200 in the closest largest city (Bandung) or US$ 250 in Jakarta. The Project will also improve incomes of the SMEs which supply materials to Nabati.
- The Project is also expected to contribute to food security for bottom of the pyramid consumers. The new facilities to be funded by IFC will produce low market pricing products which are fortified with vitamins A, B1, B2, B6 and B12 (currently ~80% of Nabati's products are fortified).