devinitorg/iati-policy-markers huggingface dataset:
Shinhan ID Debt International Finance Corporation (IFC) is proposing an investment of up to US$200 million in a senior unsecured A Loan to Shinhan Bank Co., Ltd. (SHB) for up to 5 years with a bullet repayment and quarterly interest payments, to be committed in two tranches of US$ 100 million each. The Project will be structured as a back-to-back financing arrangement - with the borrower being SHB, and all the proceeds to be exclusively used for on-lending to PT Bank Shinhan Indonesia (BSI or the Bank). The Project will be in the form of a sustainability loan dedicated to finance: (i) eligible blue assets for 15% of the loan, (ii) eligible green assets for 40% of the loan, (iii) eligible social assets for 20% of the loan, and (iv) the remaining 25% to be allocated to any of the three types of eligible assets (the Project). The Project is well aligned with World Bank Groups (WBG) Indonesia Country Partnership Framework (CPF) for FY2021-2025, which highlights the importance of targeted interventions in Micro, Small and Medium Enterprises (MSME) space and contains climate change as one of its cross-cutting themes. The Project also supports the National Action Plan on Marine Debris (2017-2025), which calls for efforts to reduce 70% of its plastic debris from a 2017 baseline by the end of 2025.     SHB, the third largest bank in South Korea, is a long-standing strategic partner of IFC, with SHB participating in IFC B-loan syndications since 2012 and in IFC AMC Funds. As a strategically important subsidiary of SHB in the region, BSI will deliver development impacts in Indonesia through expanding blue, green and social lending businesses, utilizing the proceeds of the Project. The Project is expected to provide blue financing that will contribute to improving sustainability in fishery and/or waste leakage and reducing the amount of untreated wastewater discharge through supporting fishery improvement projects and wastewater treatment projects. Given majority Indonesia's territory at sea, keeping marine ecosystem sustainable is critical for livelihood of many Indonesians involving the ocean-related activities. Additionally, financing demand for climate mitigation and adaptation projects remains unmet and the Project is anticipated to increase the availability of green financing and to contribute to reduction of GHG emissions by supporting projects involving renewable energies, green mobility, etc. Last but not least, on the Project level, this investment is also expected to bridge the MSME financing gap though social loans. While on the market level, this Project will contribute to market sustainability, via demonstration, replication, and standard-setting channels. IFC will help validate to the market the viability of blue finance and showcase best practices. This will encourage other FIs to tap into blue financing adhering to IFC's Guidelines for Blue Finance or equivalents, and other investors to consider blue instruments as a viable investment product option.
FALCON HOUSE PARTNERS FUND II, LP Falcon House Partners Fund II, L.P. (FHP II or the Fund), is a ten-year private equity fund with a target size of US$300 million. The Fund will focus on growth-oriented, medium-sized enterprises in Indonesia. Expected development impact includes (i) private sector development through creating sustainable companies in the Fund's portfolio investments and providing them with access to an alternate source of funding, (ii) job creation that is expected to come through the business growth of the portfolio companies, (iii) operational improvements and enhanced corporate governance in the Indonesian portfolio companies and (iv) supporting a promising local fund manager in Indonesia and thereby providing demonstration effect for the further development of private equity as an asset class in Indonesia
PT BBL Dharmala Finance III SUMMARY OF PROJECT INFORMATION (SPI)     Project Name:		Indonesia-PT BBL Dharmala Finance    Region:			Asia    Sector:			Capital Markets    Project No.:			007109    Projected Board Date:	September 25, 1995    Company Name:		PT BBL Dharmala Finance     Technical Partner and/or Major Shareholders:    The Company is a joint venture between Bangkok Bank and Dharmala Sakti Sejahtera.  The former is the largest commercial bank in Thailand and the latter is the financial services holding company of the Dharmala Group, a large Indonesia business group with interest in a variety of industries.  The Company is listed on the Jakarta Stock Exchange and 26.47% of its shares are held by the public.    Project Cost including Proposed IFC Investment:   				   Total Project cost:  US$40 million   IFC A Loan of US$15 million and B Loan of US$25-35 million.    Location of Project and Description of Site:    The Company is headquartered in Jakarta, Indonesia and has branches in Java, Sumatra, Kalimantan and Sulawesi.    Description of Company and Purpose of Project:    PT BBL Dharmala Finance is one of the most profitable finance companies in Indonesia.  The purpose of the project is to address the shortage of term finance for Indonesian finance companies as well as help the Company launch its first syndication of an unsecured loan in the international capital markets.  The proceeds of the loan will be used to fund the Company''s leasing activities, which are directed at small- to medium-sized local companies.       Environmental Category and Issues:    This is a category FI project according to IFC''s environmental review procedure.  The Company will be required to undertake a review of lessees'' environmental performance and compliance with Government of Indonesia environmental and occupational and health and safety laws, regulations and standards as well as World Bank policies.  In addition, IFC will assess the Company''s ability to carry out environmental reviews.    Date SPI sent to PIC:	August 29, 1995    For additional information contact:  Corporate Relations Unit -   telephone (202) 473-7711   facsimile  (202) 676-0365
Indorama Captive Power Plant The project company, PT. Indorama Synthetics Tbk (Indorama), is a large international competitive export oriented producer of polyester fiber and filament yarns, PET resin, spun yarns and finished fabrics.  The aim of the project is for Indorama to construct, own and operate a 60 MW captive power plant primarily for its internal use.
Indonesia Express Logistics The proposed IFC investment is a subscription of up to IDR 450 billion (~US$31.4 million) to seven-year listed Convertible Bonds (CB) issued by way of a rights offering by PT Adi Sarana Armada (ASSA). The CB converts (at any time, at IFC's option) into common ASSA shares. The investment is subject to regulatory approval from the Indonesian Financial Services Authority (OJK). Through its investment in ASSA, IFC will support the growth of a technology-driven, e-commerce logistics provider in Indonesia, enabling the new venture to provide higher quality and more cost-efficient logistic solutions, and contribute to improved access and quality of service for a range of customers including e-commerce businesses as well as consumers.
BTPN SMEGreen I International Finance Corporation (IFC) is proposing to extend a local currency senior debt facility of US$150million to PT. Bank BTPN Tbk (BTPN or the Bank). The project exhibits strong fit with IFC's and World Bank Group (WBG) strategic priority in Indonesia to achieve Sustainable and Inclusive Growth. The proceeds will be used by the Bank to expand green financing and to increase lending to Micro, Small, and Medium Enterprises (MSMEs) with a focus on two areas, addressing MSME financing gaps through Supply Chain Finance (SCF) and promoting lending to women owned MSMEs (Women MSMEs).  The Bank is a valued client of IFC since 2009 and was formerly known as PT Bank Tabungan Pensiunan Nasional Tbk, a mid-size commercial bank in Indonesia with focus on financial inclusion and targets low income pensioners, MSMEs and women entrepreneurs at the base of the pyramid. The Bank was rebranded after it was merged with PT Bank Sumitomo Mitsui Indonesia on February 1st, 2019 and became a universal bank serving full spectrum of Indonesias customer segments from the retail to corporate. Supported by 19,465 employees, BTPN serves close to 12million customers throughout Indonesia as of Sep-19. The expected development impacts of the Project are as follows: (1) Introduction of new financial products and demonstration effect: The proceeds from the facility will be used by BTPN to grow its SCF and green financing business, two products that are at a very nascent stage in Indonesia despite the growing need and large gap. Based on BTPN's reputation and track record as a leading innovator in the industry supported by a strong and committed Sponsor (SMBC), the Project is expected to have a demonstration effect and encourage the replication of green financing and SCF products by other banks; (2) Increased access to finance for MSMEs: The Project is expected to address the significant financing gap faced by MSMEs through SCF program, which has been identified to be able to effectively tackle information asymmetry and lack of collateral, which typically hinder FIs from expanding reach to the segment; (3) Improve financial access for women-owned SMEs: A portion of the proceeds will be earmarked  to finance Women-SMEs, which are still largely underserved by the Financial Institutions in Indonesia; (4) Promote sustainable economic growth: IFC anticipates the Project will contribute to the Indonesia's cumulative GHG reduction targets and towards achieving Indonesia's target to control environmental degradation.
Buana Bank Project BBI is one of the most conservative commercial banks in Indonesia, with particular strength in serving small and medium-sized (SMEs) businesses.  The bank intends to increase its capital by issuing new shares via rights issue. Therefore BBI has invited IFC to become a shareholder and offered IFC the right to board representation.  

Development Impact
Efficient intermediation of capital into productive investments is vital to the restructuring and the future growth of Indonesia.  With a limited number of alternative intermediaries, the banking sector has a significant role to play.  By investing in the capital of BBI, IFC will be supporting the modernization and growth of an intermediary that has the opportunity to become a more significant player in the Indonesia banking sector.  While BBI is going through the transition from a privately owned company to a publicly listed company with a broader number of shareholders, IFC is in a position to facilitate such transition through strengthening corporate governance and transparency.  At the same time, IFCs investment would help BBI to become a model institution on the Jakarata Stock Exchange. 

Indirectly, IFCs investment would benefit the SME sector as BBIs focus is on the SME segment representing 40% of Indonesias GDP and 50% of total employment.

Fit With World Bank Group Strategy and IFC Role
The World Bank Groups current strategy in Indonesia, as outlined in the FY01-03 Country Assistance Strategy, focuses on three broad areas closely related to the Governments priorities in its economic recovery program and its medium-term development plan: sustaining economic recovery and promoting broad-based growth, building national institutions for accountable government, and delivering better public services for the poor.

After placing its program (in March 2001) of new investments in Indonesia under review until the legal and law enforcement climate in the country improved, IFC cautiously restarted its program in February 2002. In terms of development priorities, IFC's strategy for Indonesia focuses on: 
assisting the recovery of the financial and corporate sectors - through provision of liquidity facilities, support of financial intermediaries, and assistance for corporate restructuring;
overcoming structural weaknesses in the economy  through  help in building up the institutional and regulatory framework, and 
promoting long-term sustainable development - by supporting environmentally sound practices in natural resource use, and the integration of the economy into a globalized marketplace. 
The proposed project is consistent with this strategy.
CIMB Niaga Sr. The proposed project is to provide long-term financing in the form of a senior loan to PT Bank CIMB Niaga Tbk (CIMB Niaga or the Bank), to support the Banks mortgage lending business.  CIMB Niaga was incorporated in Indonesia in 1955 under the name of Bank Niaga, and was listed on the Indonesia Stock Exchange in 1989. In 2002, CIMB Group acquired a majority control stake in the Bank. CIMB Niaga is today Indonesias 5th largest bank in terms of assets and operates a full-fledged universal platform offering retail, SME and corporate banking services. In addition to traditional banking products, the Bank also has a growing franchise in microfinance and Sharia banking. (i)	Development of the housing finance sector: By providing long term funding, this project will enable CIMB Niaga to grow its mortgage loan portfolio and thereby further develop the housing finance sector in Indonesia.   (ii)	Increase availability and the affordability of mortgage loans: Further growth of CIMB Niaga''s mortgage loan portfolio will increase the availability and access to affordable mortgage loans.  (iii)   Support a Government of Indonesia initiative: The project will support the government''s efforts to increase access to housing financing.
GoTo EN Project The Project consists of an up to US$150 million equity linked notes issuance whose proceeds will support PT GoTo Gojek Tokopedia Tbk (GoTo or Company) of which it is proposed that IFC invests up to US$125 million as an anchor investor.  The proceeds will be utilized to strengthen and grow the Companys offering across its three business segments including e-commerce, on-demand services (transport and food delivery) and financial solutions, and further promote the unique integrated technology solutions business model of GoTo. Project Outcomes - Supplier Effects  Increased Access to Clients and Improved Efficiency via Adoption of Digital Technologies: The Project will facilitate local suppliers/retailers access to a wider and more reliable customer base, which will contribute to strengthening the supply chain in the region. Furthermore, MSME merchants will also benefit from the improved operational efficiency via adoption of digital merchant solutions.
Market Creation  Integration: The Project will promote greater integration of domestic suppliers by helping them to reach buyers beyond their traditional customer base. The success of the Project could help boost confidence in online businesses, potentially scaling up business opportunities for smaller retailers in the region.
PT Ciputra Residence PT Ciputra Residence (CR) is a 99.99% subsidiary of PT Ciputra Development Tbk in Indonesia. CR focuses on the construction of new neighborhoods with a focus on low-rise houses. In order to expand its business, CR is planning to issue bonds to fund parts of its future growth. The proceeds will be used to build low-rise homes and ancillary commercial facilities. The proposed project is to assist CR with credit enhancement for its upcoming bond issuance. Capital markets development: IFC''s partial credit guarantee product will provide credit enhancement and assist companies such as CR to raise debt funds with institutional investors in the public market and thereby diversify their sources of funding.  Reducing housing deficit: The housing deficit in Indonesia is estimated to be high and IFC''s support to CR will contribute to increase in supply.  Sustainable urbanization: CR''s focus is on new neigbourhood developments and the use of the proceeds will include new neihbourhoods in frontier regions. Developments outside Jakarta are expected to support the development of new hubs of economic activity and promote living in cities in frontier regions.   Job creation: The Project will provide direct and indirect jobs to local businesses.
IIF USD Loan table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }  The proposed project (the Project) consists of a senior debt package to PT Indonesia Infrastructure Finance (the Company) in Indonesia. The Project will support the Companys lending program for a pipeline of infrastructure projects in Indonesia. The development impact of IFC's investment in the Project is expected to be high. 
The Project is expected to help address the infrastructure development bottleneck which continues to hamper the country's economic growth. This situation has led to a significant increase in the cost of logistics and blocked development of the national and provincial economy.
The Project is expected to create development impact by i) increasing the number of infrastructure projects achieving financial close; ii) increasing funding available for infrastructure projects and iii) increasing support to private and public companies through advisory services from IIF. The proposed Project would help: (i) reduce the infrastructure gap with long-term funding that is consistent with the underlying cash flow profile of the projects (ii) alleviate the constraints that infrastructure bottlenecks impose to competitiveness, growth and creation of jobs; (iii) support the delivery of services including water, sanitation, and electricity; (iv) provide inclusion and connectivity; and (iv) provide broader economic benefits generated through taxes levied on project companies and indirect impacts through higher company growth and more efficient operations. The project will allocate a portion of the proceeds to renewable energy and other green infrastructure projects, thereby boosting sustainable development in Indonesia.
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         The proposed project consists of a senior syndicated loan to PT Mitra Bisnis Keluarga Ventura (MBK or Company), IFCs existing portfolio client and a leading microfinance institution (MFI) in Indonesia. MBK started operations in 2003 and as of September 30, 2017, operates with an asset base of around US$179 million, serving close to 1 million clients. MBK targets the bottom 25 percent of the population in Indonesia by income, with a focus on rural women not traditionally banked by commercial banks and other finance institutions. The funding shall be used to support the growth of the Companys microfinance portfolio, mainly targeting underserved rural women borrowers. Project level impact: 
-	Supporting gender finance: MBK currently has 1 million women borrowers. Through this project IFC anticipates that MBK would reach additional low-income women borrowers particularly in rural areas through the provision of working capital financing.
-	Job creation particularly for women: MBK employs over 4,000 people of which 99 percent are women. The project is expected to create 3,000 further job opportunities for women as the proposed funding will facilitate outreach expansion through deployment of additional human resources.  Furthermore, there may be additional job effects at the women owned microenterprise level.

Market level impact: 
-	Inclusiveness: MBK is a leading MFI in Indonesia with predominantly women clients. IFC anticipates that the project will increase access to products and services for under-served low-income women borrowers particularly in rural areas of Indonesia. It has been in operations since 2003 and its successful track record can positively contribute to the adoption of impact business models through replication.
Fugui Flour I PT Fugui F&G Indonesia (PT. Fugui or the company) is a newly established flour-mill company located in Surabaya. The company is seeking capital to construct its first flour mill and to finance its working capital requirement. The project is expected to have the following development impacts:   - generate new local employment during both construction and operation phases;  - increase income tax revenues paid to the government of Indonesia; - increase competition within the domestic market; and  - increase scale of a local value-added industry.
PT WOM/BII Project The project consists of an equity participation of up to $22 million in PT. Wahana Ottomitra Multiartha (WOM), an Indonesian consumer finance company focusing on motorcycle financing. WOM, established in 1982, is the third largest motorcycle finance in Indonesia with Indonesia now being the worlds third largest motorcycle market after China and India. IFCs equity participation will represent 20% of the total share capital of WOM. The transaction is subject to Bank Indonesia and other regulatory approvals.

Bank Internasional Indonesia (BII) has signed a conditional sale and purchase agreement (CSPA) to purchase up to 75% of WOM for approximately $82.5 million or about 2.2 times WOMs book value as of December 31, 2004. However, under Bank Indonesia (BI) regulations, a bank can only use up to 10% of capital (Tier I & Tier II) for investment. As a result, BII is expected to take only around  43% of WOM at this time. To address this issue and to bring strong partners to this transaction, BII has asked IFC to purchase 20% of WOM, with DEG taking the remaining 12% (subject to DEGs internal approvals). The sponsor of the project, BII, will have an option to purchase the WOM shares from IFC and DEG over a 5 year period, subject to BIIs Legal Lending Limit and BII has agreed to an exit mechanism related to the IFC equity investment in WOM. The terms of the exit mechanism are being negotiated.

The entire project involving BII, IFC and DEG is subject to Bank Indonesia approval. Also the proposed purchase of WOM is subject to approval by BIIs shareholders at BIIs Annual General Meeting to be held at the end of March, 2005.