devinitorg/iati-policy-markers huggingface dataset:
Banco Cuscatlan Summary Of Project Information (SPI)       Project Name    EL SALVADOR: Banco Cuscatlán              Region    Latin America & Caribbean        Sector       Project No008663   Projected Board DateApril 16, 1998   Company NameBanco Cuscatlán, S.A. (Cuscatlán)   Technical Partner and/or Major Shareholders    	Cuscatláns ownership is spread out among 2,449 shareholders, of whom 502 belong to 10 business groups.    Project Cost Including proposed IFC investment   	   	A US$15.0 million IFC line of credit    Location of project and Description of site    	Cuscatlán, the Borrower, is headquartered in San Salvador, but the sub-projects financed through the project are expected to be throughout El Salvador and to a lesser extent in other Central American countries.    Description of Company and Purpose of Project    	Cuscatlán, founded in 1972, is the second largest private bank in El Salvador with $1.3 billion in assets, and the largest in terms of equity with $98.0 million as of December 31, 1997.    	The proposed project will allow Cuscatlán to provide term financial support to private Salvadoran and other Central American small and medium-sized enterprises (SMEs) mainly for their modernization, expansion, and financial restructuring needs.  The project would also strengthen Cuscatláns term-lending capabilities since IFC would: (i) offer secondment opportunities to Cuscatláns project finance staff; (ii) help Cuscatlán strengthen its sub-project analysis system and review selected sub-projects for adequacy of analysis and structuring; (iii) assist Cuscatlán in establishing environmental risk management capabilities; and iv) diversify funding sources.    Environmental Category and Issues    	This is a Financial Intermediary (FI) category project according to IFC''s environmental review procedure.  Banco Cuscatlán will be required to carry out an environmental review of eligible subborrowers environmental performance and each subprojects compliance with the Government of El Salvadors environmental, health and safety requirements as well as applicable World Bank policies and guidelines.  In addition, IFC will assess Cuscatláns capability to carry out environmental reviews.       Date SPI sent to PIC     March 9, 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
DCM FDC Gender The project aims to provide long-term financing to Federación de Cajas de Crédito y de Bancos de los
Trabajadores, S.C. de R.L. de C.V. (Fedecredito or FDC), an existing IFC client, for up to US$60 million in the
form of a Diversified Payments Rights (DPR) notes issuance. The proceeds will be used to provide access to
finance to micro, small, and medium size enterprises (MSMEs) and lower income individuals in El Salvador.
At least 25% of the proceeds will be to fund women-owned or -led very small and small enterprises (WVSEs
and WSEs, together WOE) through FDCs Member Financial Institutions (MIs) (the Project). The most significant expected Project-level outcome is increased access to finance for MSMEs as well as increased access to finance for WOEs. Beyond the project level outcomes, IFC anticipates that the investment would promote greater inclusiveness via demonstration and replication channels to increase access to finance to women and rural areas of El Salvador. Through this Project, FDC hopes to further standardize its operations across the  country, expand its footprint into underserved segments (rural, women), and establish the viability of lending to these segments with customized products and enhanced interoperability, which could spur the pace of financial inclusion in El Salvador for the rural poor and women enterprises, which currently face disproportionately more constraints.
GTFP BI EL SALV. The project consists of an investment of up to US$20 million in Banco Industrial El Salvador S.A. (BI or the Bank) in the form of a trade finance guarantee facility for transactions with tenor up to one year. The project builds on GTFPs global platform, increasing access to trade finance to emerging markets.  The project will provide increased access to trade finance to the Issuing Banks customers, including both corporates and SMEs.  On the market side, the project will further connect the Issuing Banks cross border connections, increasing the countrys integration through both financial and real sector channels.  It will help to link more traders to other countries and connect the countrys financial markets more deeply.
LH El Salvador 2 The proposed project consist in a U.S. dollar-denominated revolving warehouse credit line of up to US$10 million, with an up to 7 years maturity and 3 years grace period, to LH El Salvador, with La Hipotecaria Holding as co-borrower. The warehouse credit line will fund and support LH El Salvadors existing low- to middle-income mortgage lending operations in El Salvador. This project will have the following high developmental impacts:  1.	Help promote primary mortgage lending in El Salvador in the low to mid income segments;   2.	Help build a securitizable pool of mortgage assets which will eventually benefit El Salvadorian capital markets.
Apoyo Integral The project will consist of a Credit Facility of up to US$8 million for Sociedad de Ahorro y Credito Apoyo Integral (Integral or the Company).  The credit line is intended to diversify the Companys funding base and provide medium-term funding for on lending to small and micro enterprises. The expected development impacts of the project will be:         Integrals loan portfolio growth and the number of active clients in the target sector; 	Integrals size of loans in rural areas; and 	Integrals portfolio performance.
Davivienda El Salvador The project consists of a loan of up to US$50 million to Banco Davivienda Salvadoreño (the Bank), a subsidiary of Banco Davivienda S.A.for on-lending to SMEs, low and middle income mortgages and Renewable Energy/Energy Efficiency projects. The proposed investment is expected to have the following Development Impact: (i) Increase banking penetration and access to credit to underserved SMEs and individuals; (ii) Increase employment generation since SMEs are the main drivers of employment;  iii) The Bank''s climate smart activities will have a direct impact in lowering greenhouse emissions and encouraging efficient management and re-use of scarce resources; and  (iv) Demonstration effect with other banks replicating this type of funding.
FDC II Project The proposed project consists of a $20 million remittance-backed funding transaction with Federación de Cajas de Crédito y de Bancos de los Trabajadores, S.C. de R.L. de C.V. (Fedecrédito or FDC) an existing client, intended to support FDCs growing portfolio of consumer, MSMEs and housing loans that are provided through its 55 member institutions. -Scaling up microfinance: The project will enhance FDC''s ability to support the members of the system in expanding access to financial products and services for low-income households. -Investments in Micro, Small and Medium enterprises: Through the provision of greater funding lines for the Member Institutions, they will expand their lending to El Salvadorean businesses, stimulating investment,  business activity and the creation of new jobs,  particularly  in less developed regions of the country that are significantly under-served by the financial sector. -Support the integration of Micro and Small Enterprises into the formal sector, as access to credit is one of the principal stimuli for these businesses to move out of informality. -Support investments in the agri-business value chain through the funding of member cooperative institutions which target rural lending.
Taca PDP Financing The investment is an IFC revolving credit facility (the Facility) of $30 million to Grupo Taca for the benefit of Taca International Airlines S.A. (a Central American international airline company headquartered in San Salvador, El Salvador) and other members of Grupo Taca (Taca).  The Facility will be used for pre-delivery payments (PDPs) towards the purchase of Airbus A-320 family aircraft (which include A-319s, A-320s and A-321s).  Taca currently operates 111 daily flights to 35 destinations in 19 countries, servicing its passenger base in North America, Central America and South America, from its hubs at San Salvador (El Salvador), San Jose (Costa Rica) and Lima (Peru), respectively.  The project is part of an ongoing fleet modernization program that Taca began in 2000, resulting in a current average age of 3.3 years for Tacas fleet.
SEF Implementos Agricolas Centroamericanos, S.A. de C.V. Summary Of Project Information (SPI)       Project Name    El Salvador-IMACASA              Region    LATIN AMERICA        Sector       Project No008163   Projected Board DateMay 9, 1997   Company NameIMPLEMENTOS AGRICOLAS CENTROAMERICANOS, S.A. DE C.V.   Technical Partner and/or Major Shareholders    	The Company is owned by over 20 shareholders, mostly Salvadorans.      Project Cost Including proposed IFC investment    	US$4.4 million    Location of project and Description of site    	The project is located in the Santa Lucia industrial park, on the outskirts of the city of Santa Ana.  The site consists of 10,000 square meters of covered industrial area.    Description of Company and Purpose of Project    	IMACASA is among the largest manufacturers of agricultural hand tools in Central America, with leading market shares for products such as machetes, axes, picks and shovels.  The project is designed to strengthen the Companys competitive position by modernizing its manufacturing facilities, by providing working capital, and by restructuring part of its short-term debt.  IMACASA is a well managed company that is undertaking a sound project with important economic and social benefits for the country.  IFCs support for the project will have a positive impact within the Salvadoran business community, which is making a large effort to rebuild the economy.  The project will decrease the Companys operative and financial costs and will strengthen its financial structure, ensuring its long-term international competitiveness.  The project also supports IMACASAs initiatives to be more commercially oriented, and to seek international alliances and new markets to diversity its sales base.    Environmental Category and Issues    	This is a category B project.  According to IFCs environmental review procedure.  Key environmental, occupational health and safety issues that were of potential concern during IFCs environmental review of this project included: air emissions; liquid effluent treatment; solid waste handling and disposal; and employee protection from hot surfaces and aerosols.  Air emissions and liquid effluents are not significant. The sponsor has a task force assigned to provide safety training and emergency response capacity.  Employees are provided with and required to use personal protective equipment.  The project complies with the relevant local environmental regulations and the World Bank environmental guidelines.  The sponsor will submit an annual monitoring report to IFC regarding compliance with local environmental laws and regulations and World Bank guidelines.      The  is  from the Public Information Center.       Date SPI sent to PIC     April 2, 1997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Metrocentro, S.A. de C.V. The proposed IFC investment is a corporate loan to Metrocentro S.A. de C.V. (Metrocentro or the company), a company which owns and operates nine shopping malls in El Salvador, with a total gross leasable area (GLA) of 137,367 m2, including the largest mall in the country, Metrocentro San Salvador. As part of its continuous expansion strategy, Metrocentro has started implementing a $55 million Multiplaza Panamericana project, to address the increasing demand for quality shopping complexes in El Salvador. The proposed new shopping mall will have a total GLA of approximately 41,000 m2; it will host two anchor tenants/department stores, movie theaters, a supermarket, restaurants, financial center and a food court. The mall is planned to become fully operational in December 2004. It will be part of a large diversified complex, including apartments, offices, and hotel, which will be developed at a later stage.  As a result, the proposed project is expected to stimulate further development of the selected location, ultimately benefiting the local community.
AFP Prevision (CA Pension Fund) Summary Of Project Information (SPI)       Project Name    Latin America and Caribbean Region - Central America Pension Fund Mgmt. Co.              Region    Latin America and the Caribbean        Sector       Project No008100   Projected Board DateDecember 16, 1997   Company NameCentral America:  El Salvador AFP   Technical Partner and/or Major Shareholders    	Banco Bilbao Viscaya (51%), Ernesto Fernandez-Holmann (40%) and IFC (9%)    Project Cost Including proposed IFC investment    	The project consists of an equity investment of up to US$1.5 million to develop private mandatory and voluntary pension fund management for Central America.  Total project cost is estimated at US$10 million for the Salvadorean venture.     Location of project and Description of site    	El Salvador and Central America    Description of Company and Purpose of Project    	The venture will start with an investment in a Salvadorean Private Pension Fund Management Company (Salvadorean AFP), which will manage the mandatory pension plans.   It is anticipated that the sponsors will then develop similar AFPs throughout the region, as appropriate private pension legislation is passed in each country, and long term savings vehicles wherever they are viable.      Environmental Category and Issues    	This is a C category project under IFCs environmental review procedures.  No further environmental review is required       Date SPI sent to PIC     November 7, 1997      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
Telemovil El Salvador S.A. (Telemovil II) Summary Of Project Information (SPI)       Project Name    El Salvador-Telemovil II              Region    Latin America and Caribbean        Sector       Project No007181   Projected Board DateDecember 15, 1995   Company NameTelemovil El Salvador S.A.   Technical Partner and/or Major Shareholders    	Millicom International Holdings Ltd (55%), IFC (15%)    Project Cost Including proposed IFC investment    	Project Cost: US$43.0 million - IFC Loans: US$20.0 million    Location of project and Description of site    	Countrywide.    Description of Company and Purpose of Project    	Telemovil was awarded a cellular concession in 1991 after a competitive bid. It currently has about 12,000 subscribers and plans to expand to 60,000 by 1999 in response to higher than anticipated demand and the arrival of competition. Currently, the government of El Salvador is planning to license a competitor to ANTEL, the state owned national carrier in order to improve telephone service in the country and increase wireline penetration which is only about 5%.      Environmental Category and Issues    	This is an Environmental Review Category B Project. Key issues associated with this project include right of way alignment, microwave transmission, radio towers, site selection, solid waste disposal, fire safety and employee training and safety.    The  is  November 15, 1995 from the Public Information Center.       Date SPI sent to PIC     November 9, 1995      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Banco Agricola S.A. The project is to provide a financing package of up to $50 million (the Facility) to Banco Agrícola S.A. (Agrícola or the bank, or the company) in El Salvador.  The proceeds are expected to be used to expand the banks operations in mortgage finance and for on-lending to SMEs, including in the manufacturing, commerce and non-traditional export sectors.
BA Loan Project The proposed investment consists of: 1) a senior financing package of up to [US$300] million to Banco Agricola. S.A in El Salvador, comprising  of: (i) an up to [US$150] million senior unsecured A loan for IFCs own account (IFC A Loan), (ii) a loan of up to [US$50] million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program (MCPP); and (iii) and up to [US$100] million mobilization package through a B Loan (under IFCs standard B Loan program) and/or Parallel loan facility (in which IFC will act as the arranger for the investment on behalf of the parallel lenders); and 2) an up to [US$30] million senior unsecured A loan under the Working Capital Solution (WCS) facility for IFCs own account. The purpose of the investment is to support the growth of the Banks i) small and medium enterprise (SME), including women-owned SMEs (WSMEs), ii) climate-related assets (including green buildings) and iii) housing portfolios (the Project). The expected project-level outcomes are: Increased access to finance for SMEs (including WMSEs), increased access to housing and green finance. Beyond the project-level outcomes, IFC anticipates that the investment will have the potential to promote greater market awareness and competitiveness via innovation and demonstration of new possible products.
DCM FDC Social DPR Notes The proposed project is part of a financing package for Federacion de Cajas de Crédito y de Bancos de los Trabajadores, S.C. de R.L. de C.V. (Fedecredito or FDC), an existing IFC client. The financing package will be in the form of a Diversified Payments Rights (DPR) notes issuance of up to US$80 million, to be co-financed by IFC and other 3 co-investors. IFC is expected to finance up to US$30 million in its own account (the Project).  The proceeds will be used to provide access to finance to micro and small enterprises (MSEs), Women-owned MSE, and women housing and home improvement loans to be reached through FDCs member financial institutions (MIs). The DPR notes will be structured as a social note issuance, which will comply with the International Capital Market Association (ICMA)s bond principles for these thematic bonds. The most significant expected Project-level outcome is increased access to finance for micro and small enterprises, including women-owned small and micro-enterprises, and housing and home improvement loans for women-headed households. Beyond the Project-level outcomes, IFC anticipates that the investment will promote the inclusiveness of the Salvadoran financial markets, through the introduction of social debt issuances. The market creation is expected via the demonstration and replication channels.
Calpia CLI Project This transaction consists of a subordinated credit line of up to $5.0 million and a senior loan of up to $5.0 million to Financiera Calpiá S.A. (Calpiá or the company) of El Salvador.  Calpiá is an IFC investee.  Calpiá requires Tier II capital for two reasons:
-  to support its  portfolio growth (the net loan portfolio increased 45% from the prior year to $43.3 million equivalent and is expected to grow at 30-40% for the next five years ); and,
-  to support the extension of its operations to other countries in Central America, with an initial direct investment of $2.5 million in Financiera Confia, Nicaragua.  

Calpiá will, however, be expanding its business in neighboring countries through planned capital increases and not an increase in debt.
Confia AFP Project The project company is Confia AFP S.A. (Confia or the company), one of the leading pension fund companies in El Salvador, with a 43.5% market share and approximately 449,000 affiliates (as of June 2003). 

In December 2003, Cuscatlan Group entered into a share purchase agreement with Citigroup International, controlling shareholder of Confia, to acquire, subject to regulatory approval, a controlling stake in the company.

Cuscatlan Group, through its holding company Union de Bancos Cuscatlan Internacional (UBCI or the group), is the second largest financial group in Central America. The acquisition of Confia would fit well in Cuscatlan's long term strategy, by helping the group further diversify its revenue stream, reinforce its image as a regional, integrated financial services provider and by creating strong synergies and cross-selling opportunities with the group's retail banking, asset management and insurance activities.
FDC Remittance Fedecredito is a cooperative society, owned by 48 cooperative banks and 7 workers banks (the Member Institutions or MIs).  The proposed investment of up to $30 million for up to 7 years is the first remittance-backed transaction for IFC, intended to provide funding to Fedecredito (FDC).  IFCs funding is intended to support FDCs growing portfolio of consumer, residential and micro finance loans that are provided through its 55 member institutions. Scaling up microfinance: The project will help scale up financial institutions that provide financial services to the poor by providing FDC commercial funding to expand operations, enhance capacity, and increase outreach.  

Demonstration effect: The project will further demonstrate the business case for microfinance, and encourage more lenders/investors to provide funding to FDC in the future.

Access to financial and non-financial services for micro-enterprises and low-income households: The project will benefit this target market, in terms of increased access to financial services which will stimulate business activity and create jobs.

Establish a precedent for FDC (as well as other similar entities which are recipients of/settlement platforms for offshore, hard currency, remittance flows and who focus on bottom-of-the-pyramid business activities) to obtain attractively priced, longer tenor, international funding based on remittance flows.