devinitorg/iati-policy-markers huggingface dataset:
Vicentin II The 2001 recession and following early 2002 financial, political, and economic crisis in Argentina led to a significant cut in Vicentin'' credit lines.  To assist the company overcome its short-term capital constraints, IFC intends to structure a short-term, pre-export finance, export receivables-backed facility. The facility will be renewable annually for a maximum of three years.  Developmental Impact: The project is designed to alleviate the immediate constraints faced by the oilseeds sector in Argentina and to help maintain its competitiveness in the face of a remunerative world market but a very volatile political, social, and economic environment.  More specifically the project is expected to:  - Support Argentine farmers:  Following the economic and financial crisis, farmers have expanded their production of oilseeds at the expense of other crops such as grains, as the former generally use fewer inputs, their trade is more oriented toward export, and crushing margins on the world market are currently favorable and support higher prices for oilseeds. Official forecasts are that areas sown with soybeans and sunflower will expand by 8% and 15% respectively in 2002/03, which could result in the largest oilseed harvest in history with the 2003 crop of soybeans currently forecast at 32.5m metric tons. This is likely to put significant stress on the physical and financial infrastructure required for an orderly marketing of the crop. The proposed project would alleviate some of the anticipated constraints in the financing of this record crop   - Preserve the supply chain  Vicentin is one of the primary originators of oilseeds in Argentina. Unlike global traders who can leverage their considerable network of export destinations worldwide and retain an access to external financing resources, domestic companies have been severely constrained in their ability to raise external financing because of the perceived country risk. The proposed project intends to increase liquidity in the established supply chain, preserve its integrity and the associated social fabric, which includes numerous participants in the countryside -- farmers, input suppliers, independent storage operators, transporters, brokers and traders -- as well as their dependents.  Demonstration impact Support to the Argentine grain/oilseed supply chain by IFC and some of the most respected foreign banks in commodity finance is expected to send a strong signal to foreign financial institutions, focusing their attention on the true nature of the credit risk in these operations by disaggregating the business risk from the sovereign risk. It is expected to result in an increased appetite to raise exposure to the better risks in export-oriented Argentine companies.  IFC Role:  IFCs participation in the proposed project will:  provide capital not accessible today from the markets and enhance the operational and financial sustainability of a major domestic agro-exporter;  ensure the participation of foreign banks through a B-Loan under a challenging country scenario; and  protect an existing IFC investment.
Vicentin S.A.I.C. Summary Of Project Information (SPI)       Project Name    Argentina-Vicentin S.A.I.C.            Region    Latin America        Sector       Project No007439   Projected Board DateJuly 30, 1996   Company NameVicentin S.A.I.C.   Technical Partner and/or Major Shareholders    	Vicentin is a family-owned company with shares being equally divided between four related family groups.    Project Cost Including proposed IFC investment    	Project cost is estimated at US$60 million.  IFC investment includes an A loan (for IFCs own account) of US$ 15 million; a B loan (for account of participants) of US$ 10 million; and a C Loan of US$ 10 million.    Location of project and Description of site    	The project will be located in Avallaneda and San Lorenzo in Santa Fe province.  The site at San Lorenzo is located near the river Parana at a distance of approximately 30 kms from the port of Rosario.  Avallaneda is located in the north of Santa Fe province in the vicinity of the main cotton growing areas in Argentina.    Description of Company and Purpose of Project    	Vicentin S.A.I.C. is one of Argentinas leading producers of cotton, soybean, sunflower and linseed oil and by-products with annual exports reaching approximately US$350 million in 1995.  The objective of the project is to increase capacity and reduce costs through increased efficiency and scale effects in order to consolidate Vicentins position in the ginning business; regain market share in the soybean sector; and maintain or increase overall market share with the ultimate objective of increasing relative and total margins.    	The proposed project will allow Vicentin to consolidate its position in the cotton ginning industry and improve competitiveness and market share through expansion of the San Lorenzo plant and reduced operational costs.  IFC, through its involvement in the project, will assist the Company to improve its production efficiency, competitiveness and maintain and consolidate its market share.  The project is expected to have a significant development impact as it will generate direct income for over 4000 farmers especially in the provinces of Chaco and Formosa which are relatively underdeveloped and there are few alternatives to cotton cultivation.    Environmental Category and Issues    	This is a Category B project according to IFCs environmental review procedure.  Issues include air emissions, liquid effluents, solid waste disposal, fire and explosion safety, employee exposure to dust and general employee health and safety.    	The Company has presented plans to address these issues and demonstrated that the proposed project will comply with applicable governmental and World Bank requirements.    The  is available from the Public Information Center.       Date SPI sent to PIC     June 25, 1996      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).
USAL Exp Project Universidad del Salvador ("USAL" or the "University") is undertaking an expansion program consisted of: (i) the construction of a new university building located in downtown area of Buenos Aires, with nearly 10,000 m2 of constructed area for approximately 7,500 students; (ii) refurbishment of some existing buildings; and (iii) repayment of existing financial debt (the Project). (i) Expansion and improvement of education capacity of good quality; (ii) Demonstration effect about the viability of education institutions as long term borrowers; (iii) Improvements in life and fire safety standards
Vicentin LTD The proposed investment consists of an up to US$300 million syndicated pre-export finance facility to support Vicentin S.A.I.C.s working capital needs from exports of oilseed oil and sub-products (the Project). - Stakeholders' impacts: i) benefits to soybean and sunflower farmers who will secure a reliable access to market, and ii) benefits to the end consumers who benefit from improved food security as a result of larger volumes of oilseeds (+900,000 metric tons) and their derivatives brought to market;
- Support the Competitiveness of an Export-Oriented Sector in Argentina: as Argentina slowly reengages with the global capital markets, IFC's support to Vicentin should send positive signal to other investors about the strong prospects and solid fundaments of the oilseeds sector in Argentina, which is globally competitive and relevant in the international markets;
- Environmental and Social Standards: IFC investment is expected to further enhance Vicentin's E&S performance in a number of areas by setting performance indicators and targets.
Argentex Project Argentex Mining Corporation (the Company) is a Canadian junior mining exploration company focused on its wholly owned scoping study stage polymetallic exploration project located in the Deseado Massif, in Santa Cruz Province, Argentina. The proposed investment will be made before the completion of a full project feasibility study that would confirm the commercial viability of the Pinguino project. The IFC investment will thus fund exploration and further studies and will not fund development of a mine or result in any immediate incremental production. Development impacts from exploration activities are typically limited but nonetheless create local employment. The proposed project is located in a remote region of Santa Cruz province that suffers from depopulation and economic stagnation. A volcanic eruption in 1991 covered the area with a thick layer of ash that put an end to the then vibrant cattle industry in the region. There are few other sources of potential economic growth and job creation in the area.   Should Pinguino be developed into a commercial mining operation, significant economic development impacts are likely to be realized during the construction and production phases, including employment opportunities, tax revenues/foreign exchange contribution to the national economy, purchase of local goods and services and associated economic development.
Axion Project Axion Energy Argentina S.A. (Axion) is undertaking a project to expand at its Campana Refinery. The project will also (i) enhance the quality of its fuels, (ii) expand Axions retail network and branding efforts, and (iii) make other investments to improve efficiencies. Axion''s planned capacity increase and enhancement of fuel quality will (i) provide employment opportunities, (ii) create value addition for Argentina with increased utilization of the county''s own crude resources and increased domestic supply of refined products, (iii) reduce emissions and lower sulfur dioxide levels, and (iv) incorporate IFC''s EH&S Performance Standards and Risk Management tools to set best practices for the sector.
Fondo Agricola de Inversion Directa 2003 Summary Of Project Information (SPI)       Project Name    Argentina-FAID 2003            Region    Latin America        Sector       Project No008123   Projected Board DateMay 9, 1997   Company NameFAID 2003   Technical Partner and/or Major Shareholders    	FAID 2003 Sponsors are Cazenave & Associates (Cazenave), Aguirre y Gonzalez S.A. (AyG), Business & Banking Services S.A. (BBS) and Unimanager S.A (Unimanager).Cazenave is the leading agriculture service firm in Argentina, AyG is a local investment service firm, BBS is a business advisory firm and Unimanager is an asset management  company.    Project Cost Including proposed IFC investment    	The fund will be a US$ 20 million closed end agricultural direct investment fund (FAID 2003 or the Fund). It is proposed that IFC make an equity investment of US$ 5 million. IFCs investment will be equal to a maximum of 25% of the Funds capitalization.     Location of project and Description of site    	The Fund will invest in direct agricultural production in diversified locations, principally in the Argentine Pampas.     Description of Company and Purpose of Project    	The project involves the establishment of FAID 2003, a pluriannual direct investment fund to be organized in Argentina to invest in agricultural production. Initially, FAID 2003 will be a six-year, US$20 million, closed end fund. The funds raised will be used to lease agricultural land under short- and medium-term contracts and to plant on leased land a wide variety of crops over five agricultural campaigns. FAID will also make capital investments to enhance the productivity of the land and to reduce agricultural risk. Investments will include, inter alia, irrigation and drainage works. These will allow for substantial yield increases and for introduction of advanced production techniques.    Environmental Category and Issues    	This is a Financial Intermediary (FI) category project according to IFC''s environmental review procedure.  FAID 2003 will be required to undertake an environmental review of each investment, which must comply with Government of Argentina environmental, health and safety laws, regulations and standards and be consistent with applicable World Bank policies and guidelines.  In addition, IFC will assess FAID 2003''s capability to carry out environmental reviews.  IFC must review and clear all Category A investments.           Date SPI sent to PIC     April 7, 2997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384
CERAMICA ZANON S.A. Summary Of Project Information (SPI)       Project Name    Argentina-Cerámica Zanón (Zanón) S.A.      RegionLatin America   Sector   Project No005138   Projected Board DateSeptember 7, 1995   Company NameCerámica Zanón S.A.    Technical Partner and/or Major Shareholders    	Cerámica Zanón, founded in 1974, is owned and managed by the Zanón family.    Project Cost Including proposed IFC investment    	Total project cost is estimated at US$73.0 million.  IFCs investment consists of a US$12 million A loan and a US$8 million C Loan.    Location of project and Description of site    	Zanón has two plants: a ceramic plant in Neuquén, Province of Neuquén, and a sanitary ware plant in General Sarmiento, Province of Buenos Aires.  The Companys headquarters are located in the Capital City of Buenos Aires.     Description of Company and Purpose of Project    	Zanón is one of the leading companies in the ceramic business in Argentina.  It also owns, through its subsidiary Motta S.A., a state-of-the-art sanitary ware plant.  In order to maintain its position in the market and be able to increase exports, Zanón is embarking on an investment program to expand production, modernize its ceramics plant, and increase the efficiency of its operations.    Environmental Category and Issues    	This is an environmental review category B project.  Issues include air emissions, liquid effluents, solid and liquid wastes, fire prevention, and employee exposure to noise, dust and chemical substances.  The sponsor is designing the new sanitary ware line to comply with World Bank guidelines.  The existing facilities generally meet relevant World Bank requirements for solid and liquid wastes, fire prevention, and protection of employees.  Programs are in place to recycle treated effluents, solid waste and waste oils.  Studies are being conducted to identify improvements needed to meet World Bank guidelines for air emissions and treated liquid effluents which can not be recycled.      The Environmental Review Summary is expected to be available on or about August 31, 1995 from the Public Information Center.       Date SPI sent to PIC     August 8, 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).
Arcor Exp Project Arcor S.A.I.C. (Arcor or the company) is one of the leading producers and distributors of candies, chocolates and cookies in South America.  The project entails providing a corporate loan to Arcor to finance its capital expenditures program and replace maturing debt. The proposed investment supports the further expansion of an Argentine-based South-South player, making a contribution to local economic development, through   - job creation as the Group increases its manufacturing capacity in existing plants, and  - incremental taxes for the government.    In Argentina, Arcor has more than 13,900 employees, with a substantial portion of them located in the interior of the country, including frontier provinces such as Catamarca, Entre Ríos and Tucumán.  As several of its facilities are located in small cities, Arcors support is key for the development of its surrounding communities. Furthermore, the Group has developed more than 160 SMEs in Argentina to work as exclusive distributors, employing more than 2,500 salespeople.  IFC will continue to partner with a group with a strong corporate social responsibility culture, which supports a variety of programs in education, training, health, culture, and research through diverse corporate initiatives, the Fundación Arcor (Fundación), and Instituto Arcor Brazil.
San Miguel 2 San Miguel is an Argentine company that produces fresh lemons on 5,500 ha of agricultural land in the province of Tucumán, in the north of Argentina. From its own production as well as third parties, San Miguel exports over 100,000 tons of fresh lemons, and processes more than twice this amount of fruit to produce frozen lemon juice concentrate, essential oil and dried peel.

The project is to support San Miguels overall plantation and industrial operations, permanent working capital as well as its sophisticated industrial waste treatment system.
Diadema II Project Compañías Asociadas Petroleras S.A. (Capsa or the Company) is a small Argentine oil producer which operates seven fields in Comodoro Rivadavia in the province of Chubut in southern Argentina including: Diadema, Sindicato, KM20, Solano, Mina Reserva, Mina Gemelos and Caleta Cordova (the latter is indirectly owned).  Capsa proposes to further develop these fields in order to maintain or slightly increase its current production of about 11,500 barrels per day (bbl/d) over the next ten years.  To date, reservoir development has mostly relied on waterflood, a secondary recovery technique utilizing water-injection.      IFC has been requested to extend a revolving credit facility (the Facility) of up to $70 million ($50 million for its own account) to Capsa to help finance the companys capital expenditures, working capital requirements and other corporate activities.     The companys 5-year $110 million capital expenditure plan entails:     -  the implementation of waterflood projects throughout its fields;    -  the drilling of producer and injector wells;    -  the maintenance and repair of primary and secondary wells; and    the construction of associated water treatment facilities.
INCaF Villa Dominico Van der Wiel Stortgas b.v (VWS) business focuses on consulting, soil remediation/clean up, collection and re-use of waste, landfill gas extraction, landfill gas utilization project development and operation, and treatment of landfill leachate and contaminated groundwater.  VWS is owned by Van der Wiel Holding b.v. (VWH), which is based in Drachten, the Netherlands.    VWS is developing a landfill gas (LFG) collection and flaring project at the Villa Dominico landfill in Buenos Aires, Argentina.  The project collects LFG through pipes that are (being) installed in the landfill, LFG extraction using blowers, and LFG flaring.  The project is being implemented in phases, with the first phase becoming operational in the 3rd quarter of 2005. The project is expected to reduce emissions from the landfill by up to 5.3 M tonnes of carbon dioxide equivalent (CO2e) in the form of Certified Emission Reductions (CERs) under the Clean Development Mechanism (CDM) of the Kyoto Protocol by the end of 2012. However, high volumes of leachate in the landfill are expected to limit the overall volume of CERs that will be generated to less than 3 M.   The first two stages of the project are designed to deliver more than the volume needed to satisfy the delivery requirements under an emission reduction purchase agreement with the IFC-Netherlands Carbon Facility (INCaF).  A surplus will be generated for contingency purposes and/or for sale to other buyers.  Subsequent phases will be installed to generate and sell additional CERs to other buyers.  INCaF will be the senior buyer until the INCaF contract commitments have been satisfied.  VWS and CEAMSE, the landfill owner, will assess the economic feasibility of removing leachate with a view to increasing gas collection.  VWS may also install an optional facility to use gas to generate electricity for on-site use.
AGUAS ARGENTINAS Summary Of Project Information (SPI)       Project Name    Argentina - Aguas Argentinas S.A.                Region    Latin America and Carribean      Sector   Project No003808   Projected Board DateAugust 5, 1995   Company NameAguas Argentinas, S.A.   Technical Partner and/or Major Shareholders    	Aguas Argentinas (Aguas) major shareholders are: Lyonnaise des Eaux (25%) from France and Sociedad Comercial del Plata (19.5%) from Argentina.  As part of an earlier financing package arranged for Aguas, IFC has acquired 5% of the total shares in the Company.  Other shareholders are S.G. Aguas de Barcelona (Spain), Compagnie Generale des Eaux (France), Anglian Water (UK), Meller Group (Argentina) and Banco de Galicia y Buenos Aires (Argentina).  Also, Aguas employees hold 10% of the total share capital.  Lyonnaise des Eaux has entered into a management contract with Aguas whereby Lyonnaise will act as the operator and manager of Aguas for the life of the concession.    Project Cost Including proposed IFC investment    	The project is an interest rate swap to effectively fix the interest rate on Aguas US dollar floating rate obligations under an existing IFC-syndicated loan with notional outstanding amount of US$134.5 million.  The loan-equivalent exposure resulting from the swap would be approximately US$2.5 million.    Location of project and Description of site    	Metropolitan Buenos Aires    Description of Company and Purpose of Project    	Aguas is the holder of a 30-year exclusive concession to provide potable water and sewerage services to Metropolitan Buenos Aires.  Under the concession contract, Aguas is committed to an investment program of approximately US$4 billion over the life of the concession.																Aguas anticipates raising large amounts of additional debt financing to support its capital expenditure program.  As part of its overall financing strategy, the company seeks to fix the interest rate on a portion of its liabilities as favorable market conditions allow, so that its entire liability structure is not subject to interest rate fluctuations.     Environmental Category and Issues    	This project is classified a Category C project according to IFCs environmental review procedures.    The  is  from the Public Information Center.       Date SPI sent to PIC     August 1, 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).