devinitorg/iati-policy-markers huggingface dataset:
Alpha Bank Covered Bond A EUR 40 million investment in the covered bonds issued by Alpha Bank Romania  SA, as part of a total aggregate issuance of EUR 200 million, under the bank's  Covered Bond Programme of EUR 1 billion. These are the first covered bonds  issued by a Romanian financial institution and will be listed on the Luxembourg  Stock Exchange and on the Bucharest Stock Exchange.  Through this project, the Bank supports the issuance of innovative capital  market instruments, such as covered bonds, in Romania. It follows an extensive  policy dialogue to help revise the local covered bond legislative framework and  align it to the EU best practices.  The covered bonds will help Alpha Bank Romania SA strengthen and diversify its  funding sources, and will contribute to improving its balance sheet structure.  With this investment, EBRD is also seeking to support the development of the  capital markets and encourage other local banks to utilise covered bonds in  order to diversify their funding structure, implement innovative products such  as covered bonds, attract long-term resources and secure adequate liquidity  profiles.
M-KAT Green Solar Power Plant Provision of financing for the construction of a 100 MW solar power plant in  the Zhambyl region of Southern Kazakhstan (the "Project") in the form of an up  to EUR 50 million senior loan. The Asian Development Bank will provide the  remaining portion of debt in KZT equivalent to co-finance the project.  Located in the electricity-constrained southern part of the country, the  Project will help reduce dependence on electricity import from other regions  (mostly coal fired plants in the North) and reduce associated transmission  losses.
Raiffeisen Bank BiH Mortgage Line II A senior loan of up to EUR 10 million to Raiffeisen Bank d.d. Bosna i  Hercegovina ("RBBH") for on-lending to eligible private individuals for housing  purposes.  The proceeds of the loan will be used by RBBH to provide long-term financing  for residential mortgage lending in Bosnia and Herzegovina.
Raiffeisen Bank - green bond The EBRD invested RON 255 million (ca. EUR 51.8 million) in a senior  non-preferred green bond issuance of RON 1.2 billion launched by Raiffeisen  Bank S.A., a commercial bank incorporated in Romania, on 4 June 2021. This is  the first senior non-preferred instrument issued by Raiffeisen Bank, and the  first senior non-preferred green bond issued by a commercial bank in Romania.  The bond has a 7-year maturity, with a call option after the sixth year, and is  listed on the Luxembourg and the Bucharest Stock Exchangess. Proceeds of the  green bond will be used for eligible projects in line with the Green Bond  Framework of Raiffeisen Bank.  The EBRD further invested RON 136.5 million (ca. EUR 27.6 million) in a  senior non-preferred green bond issuance of RON 525 million launched by  Raiffeisen Bank on 7 June 2022. The bond has a 5-year maturity, with a call  option after the fourth year, and is listed on the Luxembourg and the Bucharest  Stock Exchanges. Proceeds of the green bond will be used for eligible projects  in line with the Sustainability Bond Framework of Raiffeisen Bank.  The project contributes to the resilience of a systemic bank in Romania,  facilitates capital market development in the country, supports the first ever  green bond framework launched by a Romanian bank, that is aligned with the  Green Bond Principles of the International Capital Market Association, and  helps to deliver the EBRD's green agenda in the country and national green  economy priorities.
Alpha Bank of Greece SME CLO Investment of EUR 50 million in senior notes under a SME CLO structure in  Greece issued by Alpha Proodos D.A.C. ("the SPV", acting as the Issuer). The  asset pool is composed of working capital and investment loans to SMEs  originated and sold by Alpha to the Issuer. The securitised pool will have a  one year revolving period.  The transaction will support Alpha Bank Greece ("Alpha", acting as the  Originator) to access medium-term funding using SME collateralised loan  obligation ("CLO") via a securitisation structure. The EBRD funding will be  used to expand Alpha's SME loan portfolio.
Kazakhstan - Shinhan Bank EE Loan The provision of a senior loan of up to US$ 5m in KZT equivalent to Shinhan  Bank Kazakhstan for on-lending to eligible private sector sub-borrowers for  energy and resource efficiency projects under the GEFF Kazakhstan.  Null Value
Green Cities : Sofia Electric Buses Acquisition Provision of EUR 14.7 million loan to Sofia Electrical Transport Company EAD  ("SETC"), a joint-stock company and urban transport operator, wholly-owned by  the City of Sofia. The loan will be used to finance the enhancement of the bus  fleet through the purchase of 30 electric low floor buses with fast charging  technology and 12 charging stations, as well as the related spare parts and  services. The electric bus fleet will be deployed in two lots of 15 each over  2018-2019. Accordingly, the loan will be split in two equal tranches of EUR  7.35 million each. Half of the overall investment and, thus, each respective  tranche will be financed from the Bank's capital while the other half from  Green Economy Special Fund ("GESF").  Sofia is continuing to invest in its transport infrastructure and services in  order to incentivise the use of public transport as a sustainable, safer and  more environmentally friendly means of meeting mobility demand in the city. To  that end, Bank's financing will contribute to improvement of the reliability,  energy efficiency and quality of public transport services for users and the  SETC by reducing fuel costs and noise levels, and improving air quality through  reduced greenhouse gases and other harmful emissions.
Karacaoren HEPPs The EBRD is providing a senior secured loan of up to USD 45 million to Kremna  Enerji ve Ticaret A.S. ('Kremna' or the 'SPV') fully owned by Gama Enerji A.S.  ('GEAS' or the 'Company') for the acquisition of Karacaoren-1 and Karacaoren-2  hydroelectric power plants ('HEPPs') located in Burdur, Turkey from the  Privatisation Administration ('PA').  GEAS was the winning bidder at the privatisation tender held on 9  November 2015 for the HEPPs which have been operational for the last 23 years.  The privatisation is in the form of Transfer-of-Operating-Rights for 49 years.  The loan is part of a wider financing package alongside the International  Finance Corporation ('IFC') and the Industrial Commercial Bank of China  ('ICBC').  * support the ongoing liberalisation of the Turkish electricity generation  market by backing one of the committed private energy players through financing  the privatisation of the HEPPs;   * support the low carbon transition through the modernisation of a renewable  asset;   * support a reliable baseload and flexible peaking plant that is required to  accommodate the growth in intermittent renewables generation, in line with the  strategy of the Turkish government of strengthening security of supply and  enhancing use of local energy sources and diversifying away from expensive  imported fuel sources.
Peyman Kuruyemis A long-term senior secured syndicated loan of up to EUR 45  million to the Turkish producer of dried fruits, nuts and seeds, Peyman  Kuruyemis Gida San. ve Tic. A.S.  The proceeds of the transaction will be used to support the company's  investment programme including the new production facility investment and capex  for 2017, working capital requirements and partial refinancing of the  shareholder loan.  The loan will finance Peyman Kuruyemis's investment in a new factory as the  company is launcing new products and expanding into new markets.
Velvet Care Tissue II Provision of a long-term financing in the amount of EUR 24m, that will allow  Velvet ("Borrower", "Client") to (i) install new state-of-the-art paper  machine, as well as (ii) cogeneration plant (jointly referred as "Project").   It is the second project with EBRD after successful start up of very similar  tissue machine in 2018.  The Project will allow the Client to remain a leading tissue manufacturer on  the Polish market. The Project will also reduce Borrower's carbon footprint by  switching to internal electricity generation from gas in co-generation plant.
Coast Expansion Provision of a senior long-term loan to Studenac d.o.o. (the "Company"), the  second largest food retailer on the Croatian coast, for the acquisition of an  Istria-located retailer Istarski Supermarketi d.o.o. and future expansion.  The EBRD's loan will support the Company in its expansion efforts as well as  expected further efficiency and profitability improvements.
TEN-T Skopje-Kosovo Border Motorway Provision of a sovereign-guaranteed loan in favour of the Public Enterprise for  State Roads (the "Company" or "PESR"), a state-owned company incorporated in  the Republic of North Macedonia, at the amount of up to EUR 110 million. The  operation will finance the construction of an approximately 10 km-long  sub-section of the Trans-European Transport ("TEN-T") Route 6 motorway (the  "Motorway A4") running from Skopje (Interchange Stenkovec) to the Blace  Interchange, close to the border with the Republic of Kosovo (the "Project").  The Project will be co-financed with a EUR 20.8 million investment grant  provided by the European Union (EU) through the Western Balkans Investment  Framework ("WBIF"). In addition, the WBIF approved grant package includes EUR  8.8 million of TC funds for project preparation, project implementation support  and supervision of works.  The existing road between Skopje and the Kosovo border is a two lane road built  50 years ago which does not meet traffic needs or EU safety standards. As trade  between North Macedonia and Kosovo has increased, greater traffic volumes have  led to increased travel time. The Project involves the construction of a 4 lane  highway which establishes a safe fast connection and trade route between the  two neighbouring countries, as well as the wider Western Balkans region. The  Project is structured to support the Bank's reform agenda in the Macedonian  road sector with a focus on financial sustainability and climate resilience  while promoting an enabling environment for electric vehicle infrastructure  roll-out.
Tur Women in Business  II - Denizbank DPR The EBRD has provided USD 143.25 million financing to DenizBank A.S.  ("DenizBank") under DenizBank's existing Diversified Payment Rights ("DPR")  programme. The proceeds of the financing are split as follows: USD 88.25  million under the Green Economy Financing Facility ("GEFF"), of which USD 5.75m  co-financed by the Clean Technology Fund ("CTF", Project ID: 53796), USD 27.5  million under the Women in Business II ("TurWiB II", Project ID: 54141) and USD  27.5 million under the Disaster Response Framework ("DRF", Project ID: 54515),  ("The Project").  The Project will enable DenizBank to access long-term funding and diversify its  funding sources.  Under GEFF, The Project aims to support green economy investments including  among others energy efficiency, renewable energy and climate resilience  measures. Funds may also be on-lent to vendors and producers of eligible  material and equipment covered by the Green Technology Selector for  Turkiye. Cooperation will also be sought with DenizBank and sub-borrowers on  the mainstreaming of corporate climate governance ("CCG") and gender-responsive  on-lending and better integration of climate change and gender equality  considerations into DenizBank's lending strategies and practices. The loans  will be supported by Technical Cooperation ("TC") and by incentive payments,  as envisaged under the GEFF. Concessional financing will also be available to  support DenizBank to integrate climate change into their corporate governance  approach.  TurWiB II is an integrated and dedicated programme supporting women  entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i)  a technical cooperation programme to help DenizBank to build their internal  capacity to better serve this segment, and (ii) a risk sharing mechanism  supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on  a sustainable basis. In addition, women entrepreneurs will be provided with  advisory, mentorship and networking opportunities, facilitating their access to  know-how and non-financial development services, as well as access to markets.  DRF constitutes the first and immediate phase of EBRD's emergency crisis  response to the devastating earthquakes in South-Eastern Turkiye. DenizBank  will channel EBRD funding to support reconstruction efforts in the provinces  hit by the disaster as per the Window 2 of DRF. As such, the Framework reflects  the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS")  which recognises that shocks and crises, including natural disasters, have the  potential to entrench and exacerbate existing inequality of opportunity,  therefore requiring the EBRD to mitigate the impacts of such events on  livelihoods and human capital.
Turkey Growth Fund IV (Turkven) Turkey Growth Fund IV (Turkven) - An equity commitment in favour of Turkey Growth Fund IV L.P. (the "Fund").  The Fund seeks to generate long-term capital gains from equity and quasi-equity  investments in mid-cap companies, predominantly in Turkey.
Railways Maintenance Equipment Renewal Provision of a sovereign loan of up to EUR 11 million to the Railways  Infrastructure Company of Montenegro (the "Borrower", the "Company" or the  "Client")  guaranteed by the state of Montenegro. The loan proceeds will be  used to finance the purchase of machinery for the maintenance of civil  engineering and electrical railway infrastructure to ensure appropriate railway  safety standards (the "Project").  The Project will support the development of the Montenegrin railway  infrastructure sector through financing of key maintenance equipment required  for proper functioning of the railway infrastructure. The Company's   maintenance services are not yet sustainable, as its aging maintenance  equipment and vehicles acquired in the mid-1970s are fully amortized and  obsolete. The Project will contribute to improvement of the Montenegro's  railways safety and Company's efficiency.
Kitchener Drain Depollution - Solid Waste Sovereign loan of up to EUR 79 million to the Government of Egypt to finance  the Municipal Solid Waste Management ("MSWM") component of the integrated  depollution programme for the Kitchener Drain, the main agricultural drain  passing through three governorates in the Delta region.    The proposed EBRD loan will finance the (i) purchase of equipment for primary  waste collection (containers and tractors); (ii) rehabilitation and  construction of up to 10 transfer stations; (iii) rehabilitation and  construction of up to 6 waste treatment facilities; (iv) rehabilitation and  construction of up to 5 sanitary landfills; and (v) closure and rehabilitation  and existing open dumpsites which will be used for the new solid waste  management facilities (the "Project").  The MSWM investment component is one of three components forming the  integrated depollution programme of the Kitchener Drain. The other two  components consist of (i) a wastewater expansion and plant rehabilitation  project proposed to be financed by the EIB; and (ii) a drain infrastructure  rehabilitation project, proposed to be financed by the Bank.  The Kitchener Drain is one of the most severely polluted drains in Egypt  causing significant environmental, economic and social harm. It extends 69 km  and passes through the governorates of Kafr El Sheikh ("KES"), Gharbeya ("GHB")  and Dekheila ("DKH") and discharges into the Mediterranean Sea. Pollution of  the Kitchener Drain emanates from three main sources: (i) domestic wastewater  (poorly treated and/or untreated) from numerous villages within the three  governorates; (ii) uncontrolled municipal solid waste disposed of along the  banks and into the drains; (iii) industrial wastewater discharge and (iv)  fertilisers and pesticides discharges from the agricultural drainage system.   The integrated programme will be the first programme in Egypt testing a new  cross-sectoral approach that will support the depollution of the Mediterranean  Sea and improve the health and environmental situation of the people living in  the drain catchment area as well as strengthen the economy by improving the  irrigation water quality in the three governorates.  The Project will significantly improve the management of municipal solid  waste (which includes collection, transportation, sorting, recycling and final  disposal of waste)  generated in the three targeted governorates, whose  uncontrolled disposal represents a significant source of pollution in the  Kitchener Drain which in turn has negative health implications on the  population in the area. Accordingly, the Project will provide access to  improved waste services to over 5 million people in the 11 districts of the  three governorates pertaining to the catchment area in addition to rehabilitate  and close the existing waste accumulations on the numerous open dump sites.
Bank Respublika Agri MSME Loan II A senior unsecured AZN loan to be provided under the Financial Intermediaries  Framework ("FIF") in the amount of up to USD 9.5 mln equivalent (EUR 7.96  mln) in favour of Bank Respublika.  The project is implemented under Financial Institutions Framework with proceeds  to be used for on-lending to private agricultural micro-, small and medium  sized enterprises (MSMEs) in Azerbaijan in accordance with the FIF Policy  Statement. The transaction will support the leading private bank in Azerbaijan  through (i) diversification of its funding structure with medium-term LCY  resources and (ii) support of its MSME portfolio growth in the agricultural  sector.
Koudia Al Baida - Subordinated loan The provision of a senior debt financing of up to € 44 million, in addition to  a subordinated loan of up to € 5.7 million in local currency equivalent, to  finance the repowering of a 50MW wind farm located in the region of Tlat  Taghramt near Tangier in northern Morocco. The Project will be the first  repowering project in the region and will increase the wind farm capacity to  100 MW.  The Project will further promote public-private partnerships in the Moroccan  power sector and increase the share of renewables in the energy mix in line  with the country's green energy transition agenda. The Project is expected to  further reduce Morocco's reliance on costly hydrocarbon imports and will result  in substantial emissions reduction of over 300,000 tonnes CO2 per year.
VOSKHOD CHROMIUM LOAN The provision of a US$ 15 million short-term working capital loan to Voskhod  Oriel LLP and Voskhod Chrome LLP (Voskhod), the companies operating a chromium  mine in Kazakhstan. The Voskhod operation consists of an active underground  chromium mine and associated beneficiation plant situated outside the town of  Khromtau, north-western Kazakhstan.  The proposed loan will be used to provide the required short-term liquidity to  Voskhod to help it reach the pre-Covid-19 operational and financial  performance.The project is consistent with the Bank's Strategy for Kazakhstan  and Extractive Mining Industries Strategy.
SGBL - SME loan The provision of a loan of USD 50 million to Societe Generale de Banque au  Liban ("SGBL").  The loan will be used to on-lend to micro, small and medium-sized enterprises  ("MSMEs") in  Lebanon.
FW - Morocco II - CIH Bank Provision of an EUR 25 million unsecured loan under the GCF GEFF Regional-  Morocco II framework to CIH Bank (Credit Immobilier et Hotelier, "CIH"). The  proceeds of the GCF GEFF loan will be on lent to private companies to finance  Green Economy investments in climate change mitigation and adaptation  technologies.  The project will facilitate a green economy in Morocco by on lending to private  sector sub-borrowers to implement green investments in energy efficiency,  renewable energy and climate resilience measures.
TERNA ENERGY Rachoula Wind Farms Provision of up to EUR 18 million long-term senior debt financingfor the  construction, financing, refinancing and operation of a 44 MW wind farm  portfolio owned and controlled by Terna Energy in Greece. The portfolio  comprises two operational wind farms with 38MW capacity and one wind farm for  construction with 6MW capacity.  The additional capacity will increase the renewable share in electricity  generation. The refinancing of operating wind farms provides the company with  funds to develop additional renewable energy capacity.
Green Cities 2 W2 - ENA Investment Program The Project is an extension to the USD 80 mm facility signed in 2017 (OpID  48957) for implementation of the Phase 1 of the 10-year (2016-27) investment  programme of Electric Networks of Armenia ("ENA" or the "Borrower" or the  "Company") aimed at modernization of the power distribution infrastructure in  Armenia.  It will enable the Borrower to implement the 2021-22 capital  investments of Phase 2 of the investment program (the "Project") targeting  primarily, among other areas, the two largest cities of Armenia - Yerevan and  Gyumri (the "Cities").  The Project will help the Borrower to improve energy efficiency, reduce  technical and commercial losses and hence GHG emissions, as well as improve the  overall reliability of power supply in the country.  The Project will support  ENA in its continuous efforts to provide affordable, reliable, sustainable, and  modern energy to its customers.  The Project is an extension of the Bank's engagement in Armenia through the  EBRD Green Cities programme.  ENA's investment programme addresses the  priorities identified in the Cities' Green City Action Plans ("GCAP"), and has  been developed through close consultation with both municipal governments with  the GCAPs at the heart of the cities' considerations.
Azerbaijan Alat Solar Provision of long-term senior debt of up to USD 21 million for the development,  construction and operation of a solar photovoltaic power plant with an  installed capacity of 230 MW on a site located 9 km northwest of the Alat  settlement in eastern Azerbaijan (the Project).  The Project will be developed  by a newly established special purpose vehicle in Azerbaijan, which will act as  the borrower for the project financings.  Abu Dhabi Future Energy Company PJSC  (Masdar) will act as the sponsor for the project.  The Project will add 230 MW of solar generation capacity to the Azerbaijani  power system and power approximately 110,000 homes.  This would help substitute  natural gas-based power plants and help in meeting the renewable energy targets  set by the Government of Azerbaijan in line with county's commitments under the  Paris Agreement.  The Project will also result in strong environmental benefits  with estimated annual CO2 emissions savings of up to 200,000 tonnes.  This will  assist the country in its low-carbon transition, reducing its current high  reliance on thermal power generation.
Velvet Care Tissue The EBRD is providing a long-term loan of up to EUR 20 million to the Polish  tissue producer Velvet Care sp. z o.o. (the "Company" or "Velvet Care").  The loan will be used to finance the Company's capital expenditure, including a  new tissue paper machine and related infrastructure. EBRD's investment will  lead to increased competitiveness, support the state-of-the-art solutions for  the paper industry and contribute to the development of the best practice  standards for Polish corporates.