devinitorg/iati-policy-markers huggingface dataset:
DCM BTPN Debt International Finance Corporation (IFC) is proposing an investment in bonds of US$500 million issued by PT Bank BTPN Tbk (BTPN or the Bank). The investment comprises (i) a green bond component (green bond) and (ii) a social bond component (social bond) to support the Banks lending programs for micro, small, and medium sized enterprises (MSMEs) including women-owned MSMEs and green financing (the Project). The proposed investment is consistent with the objectives of the World Bank Groups Indonesia Country Partnership Framework (FY2021-2025), the World Bank Groups Universal Financial Access 2020 initiative, and IFCs Indonesia Strategy (FY2021-2024), as it supports MSME access to finance as well as investment in eligible green assets through one of the countrys systematically important banks, and contributes to capital market development through the issuance of green and social bonds.     The project is expected to be supported by the Market Accelerator for Green Construction (MAGC) Program, the Women Entrepreneurs Finance Initiative (We-Fi) and the Women Entrepreneurs Opportunity Facility (WEOF) as described in the Blended Finance Section.  The Bank is a strategic client of IFC since 2009 and has evolved to become the sixth largest private sector commercial bank, offering a wide range of financial products. As a leading domestic bank, BTPN serves nearly 9 million customers as of December 2022. The most significant, expected Project-level outcomes are increased access to finance to MSMEs, including WMSMEs, and increased supply of climate finance to the market. At the market level, IFC anticipates that the proposed investment, via demonstration and replication, will contribute to increasing market integration by promoting the use of thematic bonds to attract funding from institutional investors while setting appropriate market standards for social bond issuance.
Lotus Creation The proposed project is to support Bank Mayora, a small-sized SME bank with over 20 years of lending experience and with a focus in the supply chain financing area. IFC will acquire an equity stake of the Bank through newly issued common shares (the Project). Through this project, IFC will partner with the Banks controlling shareholder to roll-out an expansion plan to: (i) continue its accelerated loan growth expansion in SME and underpenetrated other segments; (ii) expand its distribution network and develop its branchless banking business, a key initiative and an integral part of its supply-chain financing business, particularly in the Food & Beverage (F&B) and retail sectors; and (iii) expand its capital base to BUKU II bank category. The Project is expected to have development impact in the following areas: - To increase access to finance to SME segment; - To promote the best banking standard by introducing IFC''s environmental standards to the Bank and strengthening the Bank''s corporate governance system; - To create jobs through network expansion and SME developmet.
Wings Noodle Integration PT Karunia Alam Segar (PT KAS or the company), an existing IFC client, is one of the operating companies in the Wings Group. It produces instant noodles in Surabaya.  Due to high demand, the company is seeking capital to increase its noodle production capacity. The project is expected to have the following development impacts:   - generate new employment, primarily of women;  - increase produce purchased from local farmers, as PT KAS buys locally produced fresh produce for the seasonings in their instant noodles;  - increase income tax revenues paid to the government of Indonesia; and  - increase in consumer surplus through increased competition in a food staple product consumed by the poor.
Kitabisa  Project PT Kita Bisa Indonesia (Kitabisa or the Company) is a technology social enterprise operating Kitabisa.com, Indonesias leading donation and fundraising platform. Identifying market gaps in social safety nets and protection among their users, Kitabisa plans to expand its business to include sharia insurance offerings. The Company will focus on designing affordable, innovative protection solutions combining insurance with charity to serve the underserved low-to-middle income market segment. The most significant expected Project-level outcome is increased access to insurance to underserved segments in Indonesia. Kitabisa will offer accessible coverage through an innovative direct-to-consumer and digitally native approach with on-demand sharia-based insurance products targeted at low to middle income groups that would typically not buy insurance products due to limited availability and/or affordability of suitable products. Through an end-to-end digital business model, development of unique and affordable products and a focus in increasing consumer awareness of insurance, Kitabisa will tackle some of the key barriers to insurance access in Indonesia. Beyond the Project, IFC anticipates that the project will lead to greater competitiveness in the insurance space, by demonstrating the viability of digital-led business model in increasing insurance uptake, including amongst underserved segments.
Wings - Beverage & Detergent Expansion (Indonesia) The Wings Group (or the Sponsor) is undertaking a US$176 million project (i) to expand its beverage product lines under PT Tirta Alam Segar (PT TAS), (ii) to expand fruit flavored beverage in plastic cups under PT Murni Alam Segar (PT MAS), (iii) to commission a greenfield coffee mix production under PT Harum Alam Segar (PT HAS), and (iv) to increase the capacity of existing detergent business under PT Sayap Mas Utama (PT SMU). Expected development impacts are (i) demonstration effect of the Wings Group''s strong attention to food safety and quality standards to other producers, (ii) providing quality products to people at the Bottom of Pyramid (BoP), (iii) increased value addition in the local economy through the coffee project and (iv) higher reach to MSME through Wings'' extensive distribution network (iv) creation of additional 2,100 jobs.
P.T. Indorama Summary Of Project Information (SPI)       Project Name    Indonesia - PT Indorama Synthetics              Region    Asia        Sector       Project No008960   Projected Board DateJune 4, 1998   Company NamePT Indorama Synthetics Tbk   Technical Partner and/or Major Shareholders    	The Major shareholder of the Company is the Lohia family through their holding companies.    Project Cost Including Proposed IFC Investment    	The proposed IFC A-Loan of US$30 million will be used to finance the working capital requirement of Indorama.    Location of Project and Description of Site    	Indorama''s plants are located in Purwakarta and Bandung in Indonesia. Both of the sites are existing industrial sites. The proposed loan does not involve any additional construction.    Description of Company and Purpose of Project    	IFC will play a critical role in alleviating liquidity problems faced by companies such as Indorama as a result of the financial crisis in Indonesia.  In the prevailing environment, Indonesian companies are facing increasing difficulties in accessing new financing for working capital.  Furthermore, they are unable to finance raw material imports as letters of credit opened with local banks and branches of foreign banks are no longer being accepted.  The IFC loan would, therefore, provide the Company with the necessary liquidity to finance its increased working capital requirements and continue normal production.  IFCs intervention would also be very timely in supporting a fundamentally strong company withstand the crisis in Indonesia and remain viable.    Environmental Category and Issues    	This investment is a classified as a Category C, since it will not directly involve any physical activities and will not have any environmental impact.  With regard to the existing operations, the sponsor is in full compliance with both national air and water effluent standards and the World Bank Group guidelines established for this project.  The company''s environmental management and health and safety practices are exemplary.  The company provides environmental monitoring reports to IFC as required.       Date SPI sent to InfoShop     May 1, 1998      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    P:\PIC\ids08960.doc   May 1, 1998 9:20 PM
WOM Finance Loan PT. Wahana Ottomitra Multiartha Tbk. (WOM or the company) is the third largest motorcycle finance company in Indonesia, a fast growing segment of the consumer finance market in the country.  Established in 1982, WOM initially financed mostly receivables of Honda motorcycles, which was the leading motorcycle brand in Indonesia.  To capitalize on the growing locally manufactured motorcycle market, the company subsequently added other brands to their brand portfolio.  The companys branch network has grown from just 4 in the beginning to 90 today, supporting 3,300 dealers throughout Indonesia.    The project consists of a local currency medium-term IFC Loan of up to $20 million equivalent to WOM.  The proposed IFC Loan would represent a stable source of funding which would help WOM to expand its motorcycle financing/leasing activities, diversify its funding base and better match its asset/liabilities.
Danamon SME The proposed investment consists of a debt facility to PT. Bank Danamon Indonesia, Tbk. (Danamon or the Bank), an existing IFC client, to support the Bank grow its lending activities to small and medium enterprises (SMEs). The proposed project will allow Danamon to continue strengthening and growing its SME portfolio. The proposed project is consistent with both IFCs Indonesia and financial markets strategy and roles to provide long-term financing to a bank that serves SMEs, in frontier regions of Indonesia and beyond the large cities as supported by Danamons widespread distribution capacity, and promote sustainable urbanization. (1) Promoting economic development in frontier provinces: The Project will directly improve access to finance in the frontier areas of Indonesia where Danamon is planning to expand its portfolio to SMEs. This will in turn drive innovation, economic growth, job creation, and poverty reduction. The strategic alliance between IFC and Danamon will help the Bank grow its SME portfolio and maintain Danamon''s position as the largest SME private player within the SME competition league. (2) Increasing SME access to long-term finance: The Danamon partnership in this Project will allow IFC to support the SME''s investment in fixed assets and other long-term financing needs. The market potential is challenging with 300,000 bankable SMEs needing access to financial services in Indonesia. Danamon plans to contribute towards reducing this unattended market demand by rolling out its SME expansion plan with its broader product offering.
Sampoerna Student Financing Facility The proposed project is a risk-sharing facility in Indonesia between Sampoerna Foundation, Bank Internasional Indonesia (BII), and IFC that will extend loans to parents and students who have difficulty affording tuition and/or University entrance fees.  The project will be the first private student loan financing facility in Indonesia and the first facility in the world using a risk sharing mechanism to leverage contributions from an education foundation into a portfolio of student loans.  The total amount of student loans disbursed could reach approximately $20 million, with IFCs total risk up to $10 million.  Sampoerna, to the extent permitted by the prevailing law, will be providing funds to cover set up costs and the first losses on the portfolio of loans.  The remaining losses will be shared equally between IFC and BII.  BII will also administer and fund the portfolio.  Loans will be available for all educational purposes, but initially will target undergraduate and graduate university students.  The project will make a contribution towards expanding access to tertiary education for low-income students. According to World Bank data, the higher education enrollment rate in Indonesia is only 16.4%, compared with 29.3% in Malaysia and 30% in the Philippines.  The countrys comparatively low enrollment is due in part to the financial difficulty that many students have in paying tuition for tertiary education. Entrance fees and up-front costs are significant in Indonesia (sometimes more than 1.5 times annual tuition for undergraduates).  In addition, access to credit is constrained in Indonesia, and consumer loans are prohibitively expensive for most families.  In contrast, the Facility will price loans to students and parents at an attractive rate.  By leveraging Sampoernas funds, the Facility will help economically disadvantaged students to attend university. The project will have a strong development impact by:  -  expanding access and boosting demand for tertiary education for low-income students;  -  mobilizing private resources in education financing; and  -  contributing to the development of capital markets through the introduction of structured portfolios of student loans.
Ecogreen II PT Ecogreen Oleochemicals Limited (Ecogreen or the company), an IFC portfolio company, was established in 1989 and has grown to become the worlds fourth largest and Indonesias only producer of natural fatty alcohols.  At present, Ecogreen has a production capacity of 122,000 tpa and annual sales of about $105 million.  Ecogreen has two production plants in Indonesia, located at Batam and Medan, and affiliated marketing and distribution companies in Singapore, Germany and the USA.  The company exports 95% of its production, about 50% to Asia-Pacific and about 20% each to the Americas and Europe.  Ecogreen also sells fatty acids, methyl esters and glycerin, which are by-products of the fatty alcohol production process.

Ecogreen plans to implement a $50 million project in which IFC will invest up to $25 million as an A Loan, to add 70,000 tonnes per annum (tpa) to its existing fatty alcohol production facility at Batam, Indonesia using technology from Davy, UK.  The project would allow the company to improve its international competitiveness.
P.T. SOUTH PACIFIC VISCOSE III P.T. South Pacific Viscose (SPV or the company) is an internationally competitive export oriented Indonesian producer of high quality viscose staple fiber (VSF or Rayon).  SPV is an existing client of IFC.  The p-roject is to develop and implement necessary capital expenditures for SPV in 2004-2005 to achieve its objectives of increased production sustainability and self-sufficiency in power, as well as provision of working capital.
Verdaine Project In June 2000, Austindo Nusantara Jaya (ANJ), Olympus Capital Holdings Asia managing and JP Morgan Partners Asia managing committed $100 million equity capital and created Verdaine Investment Limited (Verdaine, the company), a dedicated vehicle incorporated in Mauritius, to acquire and manage oil palm plantations in Indonesia.  Stakes of the partners are around 31.4%, 35% and 33.6%, respectively.  The companys primary acquisition targets are cash flow positive plantations in Indonesia with growth potential derived primarily from the rehabilitation of ill-maintained areas.  Verdaine plans to acquire, rehabilitate and manage 40,000 to 50,000 hectares of palm oil plantation.
IIF A&B Loan 2 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 given that it will: - Support the Government of Indonesia''s efforts in increasing investment in infrastructure projects, both for increasing urbanization as well as rural integration; - Improve access for the Indonesian population to infrastructure such as electricity, water, transportation, telecommunications, etc.; - Continue know-how transfer in the areas of Environmental and Social ("E&S"), risk management and project finance underwriting; - Bring economic benefits to the country by dividends generated by the infrastructure projects as well as taxes levied to the project companies; - Promote job creation at the project company that receives financing from the Company as well as in businesses that provide services to such project company.
EP Tyre I Project PT Elangperdana Tyre Industry (EP Tyre, or the Company) is a tire manufacturer based in Citeurup, Bogor, West Java, Indonesia. EP Tyres has an annual manufacturing capacity of 4.2 million tires per annum and principally manufactures budget premium tires for the domestic and international replacement market. The Company was incorporated in 1994 and commercial production from the plan commenced in 1998. The technological processes and factory layout were provided by Vredestein Consulting B.V. one of the largest specialized European tire producers.  EP Tyre is now planning to expand its manufacturing capacity by 2,000 tires per day (the Project).  The Project is expected to debottleneck certain critical processes and increase the effective tire manufacturing capacity of the plant as a whole. Apart from the capital expenditure for the expansion, the Company also intends to refinance and extend the tenor for a portion of its existing loans. -	Supporting key economic sectors: The expansion of EP Tyre''s activities will support the long term growth of the automotive industry in Indonesia. Domestic automobile sales are expected to continue increasing in future years, in turn creating growing demand for replacement tires. EP Tyre''s growth will also create additional business for local producers and suppliers of rubber and other raw materials required for tire manufacturing.  -	Job creation: The expansion of EP Tyre''s production capacity will directly create new employment opportunities. Additional indirect jobs will also be generated through the growth of the Company''s associated supply chain and distribution network.  -	Demonstration effect: Adoption of IFC Performance Standards by EP Tyre, in conjunction with the proposed investment, will signal to the market that this can be achieved on a commercially sustainable basis and is expected to encourage other industry players to also raise standards.
Wilmar WCap The project is intended to enable Wilmar Trading Pte Limited (the company), a wholly owned subsidiary of Wilmar International Limited (Wilmar International), incorporated in Singapore and listed on the SGX-ST, to enable to meet its working capital needs to purchase crude palm oil (CPO) from palm oil plantations in Indonesia and process them into refined oil for export.  As CPO world market prices recover, due to increased demand for CPO from consumers in Asia, the company will face major funding requirements for the 2007 and 2008 seasons as it seeks to take full advantage of favorable market fundamentals.  While the company currently has been able to secure trade finance lines with commercial banks, it will require an additional $80 million to fully meet the needs of its operations.  IFC's support is essential to enable the company to finance its export program and allow continued sustainable long-term growth in a sector where Indonesia has a strong comparative advantage and will be a good illustration of IFCs support for good sponsors in a socially sensitive sector. The project is intended to provide working capital for the company to continue to purchase palm oil from Indonesian plantations.  This will facilitate the exports of Indonesian palm oil and have a positive effect on other players along the supply chain, such as farmers who will benefit from increased local demand from Wilmar Internationals refineries and therefore better access to international markets, as well as local businesses involved in services.
Asahan 1 Hydro Electric Power Plant 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 31, 2040. The contract stipulates an annual take-or-pay-energy level of 1,175 GWh of electricity. Asahan-1 is developed by BDSN, an Independent Power Producer (IPP) whose principal shareholders are Fareast Green Energy Pte. Ltd. and PT Pembangkitan Jawa Bali (PJB), a subsidiary of PLN, respectively. IFC is considering providing an A Loan of up to US$75 million, B Loan and Parallel Loan of up to US$210 million, and a small equity investment. - Promoting alternative source of renewable energy: The project supports the development of renewable power generation in a frontier region, improving the generation fuel mix using domestic resources and contributing to the reduction of greenhouse gas emission.  - Promoting private sector participation in the hydro energy sector: The project supports private sector participation in the infrastructure sector while increasing electricity capacity in the country.  - Improving rural income in the frontier region: The project helps promote sustainable economic development in an area with a power shortage.
ACV Capital III The proposed investment is for up to US$16M in ACV Capital III L.P. (ACV Fund III, or the Fund). ACV Fund III is a US$120M (target) Indonesia focused venture capital (VC) fund. The Fund will be managed by ACV Capital III G.P. (ACV or the Manager). ACV Fund III targets to write initial check at seed and pre-Series A stage and follow on through Series B. The Fund will focus on the following verticals: eCommerce and Direct-to-Consumer (D2C), Logistics, Fintech, Edtech, Healthcare, and B2B SaaS. The most significant expected project-level outcomes include i) increased access to seed stage and follow-on equity alongside operational value add to enable scale of tech startups in Indonesia.; and ii) increased competitiveness of key sectors in Indonesia, and potentially across other SEA countries, through the support of market-disrupting digital business models.
Bank Danamon Tbk Bank Danamon (the Bank or the company) was established in 1956 and is one of the leading SME, micro and consumer lending banks in Indonesia.  Following the Indonesian crisis in 1997, the Bank came under the Indonesian Bank Restructuring Agency (IBRA).  Subsequently, IBRA auctioned 51% of the Danamon shares in mid 2003 which were purchased by Asia Financial (Indonesia) Pte Ltd (AFI).  AFI is a consortium of Asia Financial Holdings (AFH) (85%) and Deutsche Bank (15%). AFH is wholly owned by Temasek Holdings.  AFI has since raised its stake in the Bank to 70% as the Government of Indonesia has recently sold its entire shareholding in the Bank.  The remaining 30% shares are held by the public.   

The project involves IFC providing a medium-term senior loan of up to $140 million equivalent in Indonesian Rupiah (IDR) to PT Bank Danamon Indonesia Tbk. (Danamon or the Bank).  The IFC Loan would help Danamon to:  

-  finance its growing loan portfolio in SMEs, consumer finance and microfinance; 
-  diversify funding base; and 
-  reduce its asset liability maturity mismatches.