devinitorg/iati-policy-markers huggingface dataset:
Calidra III Grupo Calidra (Calidra or the company) is an existing IFC client. The company is Mexico''s leading producer of lime and lime-related products. The company produces construction hydrated lime, quicklime, dolomitic lime, chemical hydrated lime, and calcium carbonate products. Calidra operates twenty plants in Mexico and one in Honduras.   Calidra has approached IFCs for assistance in financing its capital investment plan from 2008 to 2010, consisting of:  - the modernization of some of Calidras production facilities;  - Calidras international expansion; and  - investments aimed at increasing Calidras energy efficiency. The proposed corporate financing package would be Calidras first loan for corporate uses as all its previous long-term loans, including IFCs were tied to specific investment projects. A good combination of sufficient available credit amounts, long tenor and reasonable costs to support its corporate financing needs will provide Calidra with the financial flexibility to undertake the investment program which is anticipated to contribute to:  - Immediately improve energy efficiency and mitigate environmental footprint:   Calidras investment program includes shutting down six obsolete, inefficient and highly pollutant kilns (part of a recent acquisition) and replacing them with state-of-the-art technology.  - Raise industry standards in terms of health and safety, environment, energy and cost efficiency.  With the implementation of environmental, health, and safety (EHS) management systems and procedures, the programs to mitigate EHS impacts, the assignation of dedicate personnel to handled these aspects a at corporate and plant levels as IFC requirement, and the initiatives to optimize raw materials, energy and water consumption, Calidra is helping to improve the air quality and raise the overall EHS performance of lime extraction and production in Mexico.  The recently acquired facilities are representative of the operations of the rest of the players in the industry (i.e. old technology, minimum environmental, health and safety programs and goals.)   - Increase usage of lime of lime for industrial usage:   Calidra produces a basic industrial product that supplies the construction, industrial and agricultural/food processing industries.  Calidra is increasingly targeting sectors such as glass making, water purification and treatment, thermal plants, and food and pharmaceutical industries, which can benefit from the greater use of lime but which in Mexico have historically used comparatively little lime.  Through a more efficient production of lime, several industries will benefit by having access to a higher quality product at competitive prices.
FINAE Project FINAE S.A.P.I de C.V, Sociedad Financiera de Objeto Multiple, E.N.R is a non-regulated, non-bank financial institution incorporated in 2006  offering exclusively student lending products to students attending Mexicos private universities. It combines commercial operations with a strong social orientation. Its innovative approach to education finance is a replicable model that has the potential to improve access to tertiary education in the Country and across other emerging markets.   FINAEs growth potential is large however limited by the obstacles of the funding alternatives available in the Country, where they are required to provide a ~ 1.25x security coverage ratio to obtain financing. By providing an unsecured credit line, IFC will allow the Company to grow its portfolio at a much faster pace.   The proposed project entails an unsecured peso denominated A Loan for up to MXN 130 million (US$8.3millionequivalent); 5years tenor, including a 2year grace period. (i) FINAE enables increased access to quality tertiary education through student lending (ii) Focus on the bottom of the pyramid: 88% of FINAE''s porfolio is allocated to the C and D levels (iii) Promotes programs geared towards employability, as the lending criteria is based on the student''s expected income post-graduation
Sabadell Mex The Project consists in a Senior Secured Loan to SabCapital S.A. de C.V., SOFOM, E.R. (SabCapital or SC) to grow its tourism (hotels) and green buildings portfolios in Mexico. The proposed project will support the entrance of Banco de Sabadell S.A. (Spain) (Sabadell Spain or the Bank), through SC, as a new participant in the Mexican financial system. The loan will be fully guaranteed by Sabadell Spain. (i) Competitiveness: In the highly concentrated banking system in Mexico, the entrance of Sabadell Spain is expected to help foster higher competition in the corporate banking and project finance space, particularly in tourism (hotels) and green investments.
(ii) Sustainability: The project will contribute on the development of sustainable finance in Mexico, with a special focus on tourism (hotels) and green buildings.
Arrendamas Project The proposed IFC investment consists of a 5-year (2-year grace) senior secured loan for up to MXN1,000m (~US$50 million equivalent, split into two commitments of US$25 million each), to a Special Purpose Vehicle (SPV or Trust). The Trust will hold assets that will be pledged and serviced by Arrendamas (Arrendamas or the Company), a medium size independent leasing company with over 16 years of experience in the Mexican market, supporting the small and medium enterprises (SMEs). The purpose of the IFC Loan is to provide the Trust with funding to purchase eligible leases from Arrendamas. Arrendamas, could use the proceeds from the sale of such leases to finance its portfolio of loans and leases to SMEs. The most significant, anticipated Project-level impact is increased access to finance for SMEs in Mexico. Beyond the Project, IFC anticipates that the investment will contribute to promoting market competitiveness via the demonstration, innovation, and replication channels. The Project will continue to build on IFCs asset based lending (ABL) work done in the past in the secured transactions framework by using the mechanism of ABL as the foundation for an innovative scheme aimed to create scale to efficiently address a market need. By diversifying Arrendamas funding sources, the Project will directly enhance the use of this kind of structure in the Mexican market. As seen in other existing ABL projects, the Project is expected to enhance the warehousing capabilities of Arrendamas and help them to continue issuing Asset Backed Securities in the Mexican capital market.
Alta Growth Capital Mexico Fund L.P. IFC proposes to make an investment of up to $20 million in Alta Growth Capital, Mexico Fund, LP (Alta Growth or the Fund), a private equity fund that seeks to invest in medium-size companies in Mexico with enterprise values between US$20 million to $100 million.  In the first closing of the Fund, IFC will invest up to $15M.  Additional $5M may be invested in subsequent closings based on fund-raising progress.  This represents a slight increase from the original SPI which proposed up to $15M.  Alta Growth will be structured as a Canadian limited partnership, with a target size of at least $150 million.  The Fund will focus on businesses in the under served lower end of the middle market where there is substantial deal flow with low competition from bank and local private equity funds. The Fund will seek to make 8-10 investments with an average investment size of $10-20 million. Alta Growths investment strategy has developed as a response to shrinking financing to Mexican small and medium enterprises (SMEs) over the last decade.  While financing to companies has decreased, consumer lending (including credit cards and mortgages) is growing.  This combination has created a financing gap.  Without growth capital, local companies will not keep up with current demand. The Fund will contribute to the economic development of Mexico by supporting 8-10 medium size companies. Shrinking bank financing has left middle-market companies with few funding alternatives.  The Fund is well positioned in Mexico to invest in good mid-size companies that need a strong partner to help them develop and succeed in an increasingly competitive global marketplace.  The experience of the Alta Growth team in private equity investment, financial restructuring and corporate governance will be important components of these companies growth and development.  The Fund Manager will adhere to local and the World Bank Groups environmental standards.
Norson II Project Norson Holdings, S. de R.L. de C.V. (Norson or the Company), an existing IFC client, is one of the largest integrated pork producers and processors in Mexico. Norson is a good portfolio client with a key global strategic partner (Smithfield) which plays an active role in the Companys operations. The project will expand and upgrade operations of Norson. The project includes (i) expanding Norson's production capacity, (ii) developing the required new farms for capacity expansion and adapting some of the existing facilities, (iii) increasing slaughtering capacity at the processing plant, (iv) increasing its feed mill capacity; and (v) installing plastic liners at the waste lagoons. (i) Reorganizing and increasing the Company's production system and debottlenecking pig production to improve biosecurity, animal welfare, management of sanitary conditions, and labor efficiency.

(ii) Increasing land productivity. The lands for developing the new farms are currently sub utilized or not developed. The new facilities will be a sustainable and financially sound way to procure a correct use of natural resources.

(iii) Employment generation primarily in rural areas and for women (currently 44% of its total workforce).

(iv) Increasing the availability of pork meat and value added products in the local and international markets.
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         eFactor Network  
          S.A.P.I. de C.V 
         . (EFN) is privately owned company registered in Mexico. EFN offers an Internet platform that enables electronic factoring services for participating suppliers who wish to discount account receivables. Other EFN platform participants include banks which provide financing of receivables and approved corporate buyers which provide payments of receivables on maturity. A related party, eFactor Diez S.A.P.I. de C.V. Sofom ENR (EFD) operates as a trade finance intermediary to on-board new platform participants and offer other value added services (EFN and EFD, collectively EFactor or the Company).  
         
                The Project will support further expansion in the Mexican e-factoring market and offering other financial products, including supporting Mexican suppliers exporting goods and services to the US and Mexican corporate buyers with cross-border suppliers in the US, Canada and various emerging market countries in Latin America 
         . IFC's investment will make Mexican electronic factoring market more competitive, contributing to more efficient transactions, cost reduction, and better use of working capital for participating SMEs in the supply chain.  SMEs will benefit by:
	a) improving financial liquidity for their operations and improved working capital; 
	b) increased certainty of payments; 
	c) lower financing costs by getting access to a larger set of financial institutions; 
	d) multiplier effect, in which SMEs can also improve the financial liquidity of their own supply chain.
Hipotecaria Su Casita, S.A. de C.V. - SOFOL The company''s primary business is the origination and servicing of mortgage and construction loans. Currently, even though homebuilders hold about 75% of the shareholding, less than 20% of Su Casitas business is originated with its shareholders. Since its founding, the company has obtained its financial support almost exclusively from a trust fund administered by the Central Bank of Mexico called FOVI, which has a particular focus on housing for low-income families.  FOVI current regulations limit the price of the homes sofoles can finance to a maximum of US$45,000.    Over the past six years, Su Casita has experienced rapid expansion. It has grown the scope of its operations as measured by its physical presence and by its balance sheet. As of December 2000, it had 375 employees in 45 offices in 23 states, now covering most of Mexico.  It held approximately US$428 million of mortgage loans, up from US$34 million at year end 1996, representing an annual compounded rate of growth of 150%.  It is currently in the process of merging with Financiamiento Azteca (Finazte), another mortgage Sofol. The new entity will retain the name Hipotecaria Su Casita.     The project consists of creating and issuing Mexicos first significant mortgage-backed securitization (MBS). It will be issued on behalf of Hipotecaria Su Casita which will use the proceeds of the bond offering to make mortgage loans to an under-served market segment of lower middle class families. IFC will invest in the mezzanine piece, or the B bonds.    IFC will play a critical and unique role in support of this first significant MBS issue in Mexico. As a new class of security, investors will be wary of investment performance and untested legal structures. By taking a mezzanine bond, IFC will provide investment confidence to senior bond investors, and assure rating agencies of adequate credit support for the transaction. In addition, IFCs involvement will be part of a larger strategy to help develop the mortgage and capital markets in Mexico. The creation and issuance of this first deal is an important proof of concept step towards the overall goal of development of an active and liquid secondary mortgage market in the country. Finally, IFC will be playing an important role in supporting the growth of open-market institutions and in showing mortgage originators alternative funding avenues.  This securitization will generate funds for new open-market (non-FOVI funded) lending, expanding the reach of Su Casita in particular and of Sofoles in general.
Irapuato-La Piedad road The Irapuato-La Piedad project consists of the expansion, upgrading, operation and maintenance of a 74.3 km long road beginning in the junction of the Querétaro-Irapuato highway with the Irapuato-La Piedad road, and ending at km. 77 of the junction with the future bypass of La Piedad de Cabadas in the State of Guanajuato, in the Central part of Mexico.  The Project will be developed pursuant to a 20-year Concession and a 20-year Services Contract entered into by and between the Mexican Ministry of Communications and Transportation (SCT) and Concesionaria Irapuato La Piedad, S.A. de C.V. (the Company) on  September 12, 2005.

The Company is a wholly-owned subsidiary of Ingenieros Civiles Asociados S.A. de C.V. (ICA), the largest construction company in Mexico.

The Irapuato-La Piedad road is the first project awarded to the private sector under an innovative program for public private partnerships (PPS program) developed during the last three years by the Government of Mexico (GOM) for the provision of much needed infrastructure services.
Citla Energy IFC is looking to make an investment in Citla Energy S.A.P.I de C.V. (Citla or the Company), a newly formed Mexican independent exploration and production company. With offices in Mexico City and Houston, Texas, the Company is actively participating in the opening of the Mexico oil and gas sector, where it seeks to build a balanced portfolio of selected onshore and offshore assets, both independently and in partnership with other industry participants. Citla represents a unique opportunity for IFC to take on an early mover role and providing strategic financing for long-term investments that are critically needed in the sector. The Project will help promote the development of the oil and gas sector in Mexico in a critical moment for the success of the reforms and will support the Government of Mexico''s target to increase oil production to 3.5mmboe/d by 2025 from 2.4mmboe/d in 2014.  The project supports the development of local companies in areas that are of lesser importance to large oil companies to maximize development of the country''s resources and to develop local expertise. By opening up new hydrocarbon discoveries in the region, the project will hopefully provide a platform which paves the way for a broader participation of local companies, thereby triggering economic stimulus for the country. This will eventually bring substantial revenues to the government through royalties and profit taxes and direct and indirect local employment and training.
Inversionistas en Autotransportes Mexicanos S.A. de C.V. Inversionistas en Autotransportes Mexicanos S.A. de C.V. (IAMSA), Grupo Toluca, Flecha Amarilla, and Omnibus de Mexico S.A. de C.V. (collectively, the Group or the company) is a bus transportation conglomorate in Mexico. The Group accounts for almost 20% of the intercity bus fleet in Mexico. The project comprises the 2002-2005 fleet renovation program of the Group, with IAMSA coordinating the fleet acquisition plans.
Vinte Viviendas Integrales, S.A. de C.V. The proposed project consists of an IFC long term revolving facility of up to $12.5 million equivalent Mexican peso revolving facility to finance its working capital requirements for the construction of low income housing developments. To complement the financing of the companys investment plans for the next three years, the company is also inviting IFC to make an up to $5.0 million equity investment in the company that will support the companys long-term investments.  Despite improvements in the access to finance for the housing sector in Mexico, mid-size housing developers still continue to face constraints in accessing medium to long-term financing. Their options are limited to project specific bridge loans offered by SOFOLES (local mortgage financial institutions), which are very rigid.  This lack of alternatives results from the financial markets lack of interest in lending on a corporate basis to second tier housing companies, in addition, the issuance of commercial paper or bonds on the domestic market is not a cost-effective financing alternative for mid size housing companies due to investment amounts required from institutional investors and the setup & maintenance costs of such capital markets structures. IFC has been successfully involved in the evolution of the Housing Finance sector in Mexico, by covering the housing finance chain in full: from the supply side to the mortgage origination and secondary markets development. This, together with the environment of macroeconomic stability of the country during the last ten years, and the Governments agenda to prioritize the housing sector, have boosted the demand for housing from the low and middle income population.  By providing direct financing to the housing developers, IFC will be complementing its existing strategy in Mexico, by further developing the housing sector from the final product supply side of the chain. The project will contribute to the development of supply of housing in Mexico to match the already originated supply of mortgage loans.  The IFC has selected Vinte as the first developer worldwide to be granted with direct funding given the potential impact on the companys growth, and to help it implement new initiatives that would improve low and mid income families way of living.    The proposed facility can be replicated with several other second tier housing developers, and can therefore have a demonstration effect. The facility will contribute:  - to facilitate increased competition in the housing sector by promoting the growth of mid-sized developers that currently face substantial financing limitations compared to a limited number of large publicly-traded home builders; - to promote the development of more efficient financing products to the sector by SOFOLES and commercial banks; - to encourage improvements from the eco efficiency perspective, which could generate environmental and financial benefits for the developer and the house owner.
GTSF PepsiCo Mexico This project is proposed under IFCs Global Trade Supplier Finance program (GTSF or the Program) approved by the IFC Board on September 21, 2010 (Original Project #28723) and an additional increase approved on December 15, 2022. Under GTSF, IFC provides short-term financing to suppliers, (Suppliers), in emerging markets selling to large companies, (Buyers), on open account terms. Under this project, IFC will provide financing to Comercializadora PepsiCo Mexico S. de RL de CV and other Mexican subsidiaries of PepsiCo (PepsiCo Mexico or the Company) that are based in Mexico and other emerging market countries. Not Applicable
AltumCP II Project The proposed investment consists of a senior secured loan to ALTUM CP, S.A.P.I. DE C.V. SOFOM E.N.R. (AltumCP), an existing IFC client and an operating vehicle of the Altum Fund (together the Fund or Altum). The Fund is managed by Legorreta Gómez y Asociados, S.C. (LG&A or the Fund Manager). The proceeds will be used to finance NBFIs and SMEs in Mexico, which have limited access to bank loans. For the 1st commitment, at least 60% of the proceeds will fund climate related activities such as renewable energy (RE), solar panels for households and small businesses, and energy efficiency (EE). The most significant, expected Project-level outcomes are: (i) an increase in access to finance for MSMEs, and (ii) an increase in the availability of climate finance by providing alternative sources of long-term financing to well performing SMEs and NBFIs. AltumCP provides direct loans to SMEs and enables NBFIs to on-lend to underserved and constrained MSMEs. Beyond the Project-level outcomes, IFC anticipates that the investment will contribute to market creation by improving environmental sustainability by establishing international green lending principles in the climate finance segment. Further, IFC expects this project to demonstrate the commercial viability of climate lending to SMEs and therefore encourage replication through alternative funding channels, such as debt funds.