devinitorg/iati-policy-markers huggingface dataset:
MFO KMF MSME Syndicated Loan A syndicated loan of up to USD 50 million (in KZT equivalent) to Microfinance  organisation KMF ("KMF"), a limited liability company, comprising an A Loan of  up to USD 10 million to be provided by the EBRD and a B Loan for up to USD 40  million. The B Loan will be syndicated in hard currency. The EBRD will execute  a cross currency swap and provide the loan to KMF in the local currency. If  successful, this will be the first syndicated loan arranged by the Bank with a  cross-currency swap.  The syndicated loan will allow KMF to continue providing funding in the local  currency to micro, small and medium-sized enterprises (("MSMEs") in Kazakhstan  and will also encourage private lenders to provide longer-term funding to  non-bank financial institutions in Kazakhstan.
EaP SMEC - Ukrgasbank SME Loan A three-year senior unsecured loan of up to €25 million in hryvna equivalent to  be provided to Ukrgasbank to enable the bank's support to eligible MSMEs under  SME Competitiveness Programme in the EU's Eastern Partnership. The loan will be  available for disbursement in three tranches as either deliverable or synthetic  hryvna-denominated facility. In addition to long-term financing, eligible  sub-borrowers will receive technical assistance funded by the European Union  and grant support in the form of investment incentives upon the completion of  their investment projects.  The project will enable Ukrgasbank to finance long-term investments of  Ukrainian MSMEs in upgrading their technology and equipment necessary to meet  EU standards in terms of product quality, health and safety measures and  environmental preservation. At least 70% of all financed sub-leases are  expected to be compliant with EBRD Green Economy Transition (GET) approach.
Green Cities 2W2 - Alexandria Metro Provision of a sovereign loan of up to EUR 250 million to the Arab Republic of  Egypt to finance the upgrade and electrification of an existing rail line  connecting downtown Alexandria and north-eastern town Abou Qir ("Abou Qir  line") into a high capacity metro system (the "Project").  The EBRD loan will finance (i) infrastructure works for the upgrade and the  electrification of the line, (ii) relevant rail systems, including the upgrade  of signalling, telecommunications and centralised control systems, and (iii)  rolling stock to be operated on the new metro system.  The Project is part of an overall investment package estimated at EUR 1.6  billion expected to be co-financed by the European Investment Bank, the Agence  Francaise de Developpment and the Asian Infrastructure Investment Bank.  The Project will be implemented by the National Authority for Tunnels  ("NAT"), a state-owned executive agency under the jurisdiction of the Ministry  of Transportation. The line is expected to use the corridor of an existing  railway line currently operated by the Egyptian National Railways ("ENR"),  while the operation of the future metro line is intended to be awarded to an  independent metro operator.  The Project is in line with the Bank's Strategy for Egypt, namely with its  priorities to improve quality and sustainability of the Country's municipal  infrastructure services through promoting private sector participation and  commercialisation as well as green economy transition through financing the  development of a greener high-capacity public transport.
Budapest Airport Financing Provision of €100 million in a senior note facility as part of a €1.32 billion  financing package to restructure the balance sheet of Budapest Airport Kft. The  funds will be used to amend and extend existing debt facilities maturing at the  end of 2019 and 2020.  The new financing package will be split into a banking tranche of €795  million and an institutional investor tranche of €525 million. EBRD will  participate in the institutional investor tranche for €100 million.  With the proposed transaction, the Bank will support Budapest Airport Kft in  its efforts to raise long-term capital from non-banking debt providers (e.g.  pension and insurance companies), most of which would invest into Hungarian  infrastructure debt securities for the first time.
Obigarm-Nurobod road project Financing for the construction of a 75 km long detour of the existing section  of M41 road between the towns of Obigarm and Nurobod (the "Project"), which  is  planned to be inundated by the end of 2023. The M41 road is Tajikistan's  primary east i west road, which connects Dushanbe with the border to Kyrgyz  Republic and onwards to Kazakhstan and China. The road is part of the CAREC  corridor programme which seeks to expand economic cooperation among the  region's neighboring countries and is actively supported by bilateral and  multilateral development institutions.  The Project financing is split among three IFIs: (i) a 30 km Section 1 to be  financed by a grant from the ADB and a loan from OPEC Fund for International  Development ("OFID"), (ii) a 44 km Section 2 to be financed by the EBRD (the  "Bank") loan, and (iii) a 760 m automotive bridge construction across the Rogun  HPP Reservoir, Section 3, to be financed by an AIIB loan.  The Project will target one of the key barriers to economic and social  development in the country i efficient and reliable functioning of transport  corridors. The Project's principal objectives are: (i) the promotion of  regional trade via the development of reliable and safe road corridors, (ii)  the development of sustainable mechanisms for roads maintenance, and (ii) road  safety improvements and improvement of environmental and social operation  standards.
Bank Millennium S.A. The EBRD is making an investment up to PLN 270 million (EUR 63 million  equivalent) for the purchase of shares of Bank Millennium S.A., representing up  to 3% of the bank's capital and voting rights, subject to acceptable terms and  conditions, including pricing.     EBRD shall acquire its stake through an Accelerated Book Building ("ABB")  process in which Banco Comercial Portugues aims to reduce its stake in Bank  Millennium S.A. from 65.51 % to 50.1%.   Framework agreement between Banco  Comercial Portugues, Bank Millennium S.A., and EBRD is expected to be signed as  part of the transaction to address EBRD policy requirements (Environmental and  Social Performance Requirements and Fraud and Corruption) and nomination of an  independent  Supervisory Board nominee.  Null Value
Sherabad Solar Revolving Facility A revolving facility to finance quarterly VAT payments during the  construction of 457 MW solar power project in the Surkhandarya region of  Uzbekistan.  The project will contribute to the strategic priority of the government of  Uzbekistan to  increase the share of renewable projects in the national energy  mix. It will contribute to the mitigation of climate change impact by adding  457 MW of solar generation capacity to the national energy system and will  assist the country in its low-carbon transition drive.
Accession Mezzanine Capital IV An equity investment of EUR 40 million in Accession Mezzanine Capital IV (the  "Fund"). The Fund has a target size of EUR 250 million and is a follow-on fund  to Accession Mezzanine Capital I, II &amp;amp; III. EBRD has been an investor in all  three previous funds.  The Fund will seek to generate long-term capital appreciation by investing  mezzanine and equity capital in SMEs and mid-market companies, primarily in  Central and Eastern Europe. The Fund may also make selective investments in  Turkey and Greece.
Schwarz Sustainable Regional Retail Expansion Moldova a Provision of up to EUR 175 million senior loan to German retail chain Schwarz  Group (Schwarz, or the Group). The proceeds of the loan will be used to support  the expansion of Lidl format stores in the Western Balkans, including Albania,  Bosnia and Herzegovina, Kosovo, North Macedonia and Montenegro (EUR 75 million)  and the expansion of Kaufland operations in Romania and Moldova (EUR 100  million).  The proceeds of the loan will be used to support the 2022-2024 investment  programme of the Group, focusing on the development of Kaufland stores in  Romania and Moldova and Lidl stores in the Western Balkans.
UIB SME Loan Project UIB SME Loan Project - A senior loan of up to EUR 40 million to Union Internationale de Banques  ("UIB").  The EBRD loan will assist UIB in developing its SME lending activities and  expand access to finance for underserved private SMEs.
Syvash Wind Power Plant The provision of a senior A/B long-term loan of up to EUR 150 million to  SyvashEnergoProm LLC (the "Borrower")  to finance the construction and  operation of an onshore wind farm with the total envisaged capacity of up to  250 MW located in Southern Ukraine (the "Project").  The Project will help support the development of renewable energy in Ukraine  and the overall decarbonisation of the energy sector.
Syrdarya Power Project The provision of a senior loan of up to US$ 200 million in favour of FE "ACWA  Power Sirdarya LLC" (the "Company" or the "Borrower"), a limited liability  company to be incorporated in Uzbekistan for the purpose of the construction  and operation of 1,500 MW combined cycle gas-fired power plant in the Syrdarya  region of Uzbekistan (the "Project").  The Project is part of an ongoing  modernisation of the power generation sector in Uzbekistan aimed at increasing  efficiency and reducing the environmental impact.  It will lead to the closure  of 1,170 MW of old and inefficient capacity at the existing Syrdarya thermal  power plant.  The Project is expected to lead to an estimated total system-wide  savings of 2,611,000 tonnes of CO2 via the 1,539,000 tonnes CO2 savings due to  decommissioning of inefficient units and further 1,072,000 tonnes of CO2  savings from the improved efficiency and reduced carbon intensity of the new  plant.  An independent economic assessment including shadow carbon pricing and lock  in risk was carried out in line with the EBRD's Methodology for the economic  assessment of projects with high greenhouse gas (GHG) emissions. The core  results confirm an economic net present value of USD 2.1 billion when compared  to a baseline of no-investment.  This is because the Project replaces less  efficient sources, and thus saves both costs and emissions.  The assessment  also shows the economic competiveness of Solar PV, which combines relatively  low running costs (fixed and variable operational and maintenance costs) with  no significant carbon and local air pollution damage. Solar PV is, however,  significantly less reliable (i.e., its availability at peak demand times) than  other options.  The EBRD loan will finance the development, construction and operation of  1,500MW combined-cycle gas-fired power plant in the Syrdarya region of  Uzbekistan. It will promote private sector participation in the energy market  and strengthen the country's generation fleet with a more efficient and  reliable capacity.
Zorlu - Kizildere III GPP Extension Provision of a senior loan of up to USD 70 million to Zorlu Dogal Elektrik  Uretimi A.S. (Zorlu Dogal) guaranteed by Zorlu Enerji Elektrik Uretimi A.S.  (Zorlu Enerji) and Zorlu Holding A.i. (Zorlu Holding). The transaction is part  of an up to USD 270 million financing package to be used for the construction  of the 70MW Kizildere III Unit 2 geothermal power plant located in West  Anatolia, Turkey.  Contribution to the development of base load, indigenous energy resources in  Turkey that are essential to support macro-economic stability in a sustainable  manner as they reduce the country's needs for energy imports.
VUB Covered Bonds Investment of up to €165 million, in a series of mortgage CBs to be issued by  Všeobecna uverova banka, a.s. ("VUB") over a period of 3 years with a target  investment of up to 20% of each issue. The Project falls under the EBRD's  Covered Bond Framework II for Slovakia.  The transaction will support the Issuer to access medium- to long-term funding  by using a covered bond instrument collateralised by a pool of residential  mortgage loans.
ENA Resilience Loan This project was approved as part of the Bank's response to the COVID-19  pandemic. To avoid delays to the delivery of this project, the Bank's President  granted a deviation from the ordinary timelines for PSD disclosure, as  contemplated by Section V of the Directive on Access to Information. Details of  the Bank's response to COVID-19, and this deviation, can be found on our  website.  Senior loan facility of USD 25 mm (the "Loan") to Electric Networks of  Armenia CJSC ("ENA") provided in parallel with USD 20 mm senior loan from Asian  Development Bank ("ADB").  The Loan supports ENA in addressing its working capital needs during the  liquidity squeeze caused by the COVID-19 pandemic.
Vecteur LV S.A. The EBRD has committed to an equity investment of up to €45 million in Vecteur  LV ('VLV' or the 'Company'), a real estate company registered in Morocco and a  subsidiary of Label'Vie, one of the leading food retailers and the exclusive  Carrefour franchisee in Morocco. VLV has been used by Label'Vie as its real  estate platform to develop its supermarkets and the associated retail galleries.  The project will support the development, operations and management of a  portfolio of sustainable mixed-use real estate assets across the different  regions of Morocco, allowing Label'Vie to accelerate its expansion.
Almaty International Airport expansion The provision of a syndicated loan of up to US$ 229.4 million to finance: (i)  capital expenditure programme of Almaty International Airport ("ALA"),  including the construction of a new passenger terminal and (ii) the refinancing  of the acquisition of ALA and the associated fuel business entity Venus Trading  LLP ("VT" ) by a consortium of investors led by TAV Airports.  The Project aims to expand the airport infrastructure and improve service  levels at the Almaty International Airport complex. In terms of passenger  numbers, ALA is the biggest airport in Kazakhstan (served 6.4 million  passengers in 2019), yet does not meet international airport infrastructure  standards. With the construction of a new international terminal, the  modernisation of the domestic terminal, and the adoption of IATA's Optimum  Level of Service standards, the airport will be able to provide better quality  aeronautical services and expand its commercial space to offer a wider scope of  non-aeronautical services. The involvement of TAV Airports, a global and  experienced airport operator, will improve the connectivity, service quality  and will help develop ALA's potential as a major regional transit hub.This  Project will be the first large-scale foreign direct investment (FDI) in the  airport infrastructure sector in Kazakhstan and the largest across the Central  Asia region.
OTP Bank Hungary (f. P Nemo II, Bail-in Senior Bond) The EBRD invested € 75 million in a green senior preferred bond issued by OTP  Bank, as part of its total issuance of € EUR 400 million. This is the first  green Minimum Requirement for own funds and Eligible Liabilities  (MREL)-eligible instrument issued by OTP Bank since the introduction of the  EU's Bank recovery and resolution directive (BRRD) and new MREL guidelines. The  senior preferred bond has a 3-year maturity, is callable after two years and is  listed on the Luxembourg Stock Exchange.  With this investment, the EBRD is seeking to support the resilience of the  largest bank in Hungary and one of the important regional banks across central  and southeastern Europe by contributing to its successful issuance of a new  instrument type and the expansion of its MREL-eligible funding base, in line  with the regulatory requirements introduced in Hungary.  The EBRD's participation contributed to the mobilization of local and foreign  institutional investors and supported OTP Bank in successfully placing the  bonds.
Gas Network Modernisation The EBRD agreed to provide a senior loan in the amount of up to EUR KZT 20 bln  to KazTransGas-Aimak JSC, a natural gas distribution company of Kazakhstan.  The debt finance is used to support the regional gasification and  modernisation of natural gas pipeline network in Kazakhstan to be implemented  over the next three years (the "Project"). In particular, the loan will finance  (i) the extension of the gas network to several key regional administrative  centres; and (ii) reconstruction and modernisation of the existing distribution  networks in western provinces of Kazakhstan, which will include, the upgrade of  existing, and construction of additional, pressure reduction and metering  stations (AGRS) and replacement of an aged carbon steel piping with new  polyethylene pipelines.  One of the key objectives of the Project is to increase penetration of pipeline  gas, particularly in remote areas of Kazakhstan, which will in turn promote a  fuel switching from carbon-intensive fuels such as coal to a much cleaner fuel,  natural gas.
Regional TFP: JSC Oschadbank A facility of up to EUR 50 million under the Trade Facilitation Programme (TFP)  for PJSC State Savings Bank of Ukraine ("Oschadbank").  The project is undertaken within a broader effort aimed at facilitating  Oschadbank's commercialisation and preparation for eventual privatisation in  the context of the state-owned banks' reform program that is developed and  being implemented by the Government of Ukraine ("GoU"). This effort will  include several stages of financing and Technical Cooperation (below) over a  period of up to five years, beginning with the TFP facility and an associated  Technical Cooperation Project. The subsequent stages of a broader cooperation  in preparation for the privatisation are linked to and conditional upon the  progress in (i) improvement of corporate governance; (ii) commercialisation of  operations, and (iii) operational overhaul of Oschadbank.  In addition, the project will directly help to enhance international trade  involving Ukrainian companies.
Bishkek Public Transport Project Extension The EBRD is supporting further improvements of the public transport system in  the City of Bishkek and would extend a sovereign loan of up to EUR 5.0 million  (provided in several tranches) to the Kyrgyz Republic. The loan funds will be  on-lent to the City of Bishkek for the benefit of the Bishkek Trolleybus  Company. It is also expected that the loan will be co-financed by a EUR 2.9  million EBRD Shareholder Special Fund grant (provided in several tranches). The  proceeds of the loan and the grant will be used for the purchase of 49 new low  floor trolleybuses.  Null Value
Navoi Transmission Upgrade The provision of a US$ 96.1 million loan for the construction of a high voltage  transmission line in the Navoi Region of Uzbekistan (the "Project").  The Project is part of a broader grid-strengthening programme in the Navoi  Region which aims at increasing the efficiency and reliability of the  transmission system in the area.  The implementation of the Project will help  remove the existing bottlenecks in supplying electricity to the local  industrial, mining and residential settlements while reducing transmission  losses.
Papoutsanis Loan Provision of a EUR 5 million senior unsecured loan to Papoutsanis SA in Greece.  The Project addresses the strategic directions of the Country Strategy for  Greece, where special focus is put on "supporting the resurgence and enhancing  the resilience of the private sector through a shift to a more export-oriented  growth model".  The proceeds of the Loan are dedicated to finance  EUR 4.5 million capital  expenditures of the Company related to the optimization and the upgrade of the  manufacturing processes. The Bank also supports with EUR 0.5 million the  Company's R&amp;amp;D program.
KTZ restructuring bonds A bond investment of KZT 45.8 billion in favour of the National Company  "Kazakhstan Temir Zholy" JSC (KTZ - Kazakhstan Railways).  Issue of the local currency bond will allow KTZ to:    * refinance its maturing hard currency and Russian rouble financial debt;   * free up capital to finance the modernisation of the Middle Corridor  infrastructure.
Javna Razsvetljava Street Lighting The provision of a senior loan to Javna Razsvetljava d.d. (the Company or  Javna), a street lighting and energy services company (ESCO) engaged in the  design, financing, installation, operation and maintenance of street, traffic,  architectural, stadium, and tunnel lighting systems for Slovenian and Croatian  municipalities. The Company is wholly owned by Enlux d.d., a Slovenian limited  liability company. The proceeds of the loan will be used to refinance  short-term loans incurred in order to finance street lighting Energy  Performance Contracts (EnPCs) with nine municipalities in Slovenia, as well as  to finance new contracts the Company may enter into.  Restructuring of the balance sheet of the Company by aligning the tenor of debt  to the payback period of energy efficiency investments. This will enable the  Company to undertake new projects and expand the market for street lighting  with municipalities through new EnPCs.
EaP SMEC - ProCredit Georgia A five-year amortising senior loan of up to €10 million to be provided to  ProCredit Bank Georgia to enable the bank support eligible MSMEs under SME  Competitiveness Programme in Eastern Partnership for sustainable investments in  technology and equipment.  The project will enable the company to finance long-term investments of  Georgian MSMEs in upgrading their technology and equipment necessary to meet EU  standards in terms of product quality, health and safety measures and  environmental protection. At least 70% of all financed sub-loans are expected  to be compliant with EBRD Green Economy Transition (GET) approach.
Denizbank Project This project was approved as part of the Bank's response to the Covid-19  pandemic. To avoid delays to the delivery of this project, the Bank's President  granted a deviation from the ordinary timelines for PSD disclosure, as  contemplated by Section V of the Directive on Access to Information. Details of  the Bank's response to Covid-19, and this deviation, can be found on our  website.  A senior unsecured loan of up to USD 75 million in favour of Denizbank, a  universal commercial bank incorporated in Turkey. The proceeds of the loan will  be channelled by Denizbank to micro, small and medium enterprises (MSMEs)  operating in the agribusiness sector and smaller municipalities in Turkey.  The loan is complemented by an uncommitted USD 100 million trade finance line  to support the lender's trade finance activities.  The operation will enable the lender to increase the availability of short-term  financing to MSMEs and smaller municipalities in Turkey facing liquidity stress  due to the Covid-19 crisis.
RLF - Moldova Gas Security Supply Provision of a three-year revolving loan of up to EUR 300 million to the  Republic of Moldova under the Resilience and Livelihoods Framework to be  on-lent to Energocom to finance emergency gas supply and strategic reserve  build up in order to facilitate diversification of gas supply.  The Facility includes two tranches: (i) up to EUR 200 million Emergency  Tranche, which will be used in case of gas supply disruption, and (ii) up to  EUR 100 million Diversification and Storage Tranche, which will be used to  accumulate and store Moldova's strategic gas reserve in Romania or Ukraine,  which will also allow to avoid seasonal price spikes and diversify supply  routes and sources.  An up to EUR 200 million increase was approved in July 2023, which will be  utilised for additional accumulation of strategic gas reserve and emergency gas  supplies. The loan increase is outside of the scope of the Resilience and  Livelihoods Framework.  The Project's main objective is to strengthen Moldova's energy security by  providing both an emergency and long-term financing mechanisms to mitigate the  risk of disruption and maintain access to vital energy services, accumulate  strategic gas reserve and support diversification of natural gas suppliers and  delivery routes. This is essential to safeguard basic needs and economic  livelihoods of the local population as well as refugees from Ukraine.