international finance corporation private enterprise partnership
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International Finance Corporation Private Enterprise Partnership Survey of the Fish Industry in Russia Presentation Reykjavík, Iceland 28 October 2005. IFC Products and Services. The International Finance Corporation (IFC) is the private sector arm of the World Bank Group. Loans - PowerPoint PPT PresentationTRANSCRIPT
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International Finance CorporationPrivate Enterprise Partnership
Survey of the Fish Industry in Russia
PresentationReykjavík, Iceland28 October 2005
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IFC Products and ServicesIFC Products and Services
LoansLoans Equity & Quasi-EquityEquity & Quasi-Equity Syndicated loansSyndicated loans GuaranteesGuarantees Underwritings, Private Placements, and Equity FundsUnderwritings, Private Placements, and Equity Funds Advisory Services and Technical AssistanceAdvisory Services and Technical Assistance
Products and Services include:Products and Services include:
The International Finance Corporation (IFC) is the The International Finance Corporation (IFC) is the private sector arm of the World Bank Groupprivate sector arm of the World Bank Group
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IFC Technical Assistance (TA) seeks to:IFC Technical Assistance (TA) seeks to: Promote Private Sector Investment Promote Private Sector Investment Support the Growth of Small & Medium Enterprises Support the Growth of Small & Medium Enterprises
(SMEs) (particularly through building viable financial (SMEs) (particularly through building viable financial institutions)institutions)
Use IFC experience at the enterprise level to help Use IFC experience at the enterprise level to help improve the Business Enabling Environmentimprove the Business Enabling Environment
IFC Technical AssistanceIFC Technical Assistance
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IFC Technical Assistance in former Soviet IFC Technical Assistance in former Soviet UnionUnion
Approximately 300 staff 100% in the field 90% local
25 offices (9 capital city, 16 regional) 30 programs in 11 countries 22 projects in pipeline
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IFC’s Private Enterprise PartnershipIFC’s Private Enterprise Partnership
Financial Mkts Agri & Forestry Corp Gov’nance BEE / Linkages
Azerbaijan Leasing
Russia Leasing
Ukraine Leasing
Mongolia Leasing
Central Asia Microfinance
Tajikistan Microfinance
RussiaMortgage
Central Asia Leasing
NW Russia Forestry
Russia Agri-leasing
Ukraine Agribusiness
Ukraine
Azerbaijan
Georgia
Ukraine Banking
Russia Banking
Russia
UzbekistanSME Policy
TajikistanSME Policy
Belarus Business Associations
Russia ICT Connector
MagadanMining Linkages
Russia Automotive Supply Chain
UkraineSME Policy
Dmitrov Dairy & Potato
Southern UkraineVegetable S/C
Vinnytsya Fruit Supply Chain
Vinnytsya DairySupply Chain
RussiaEnergy Efficiency
Ukraine Pulp & PaperDev Program
Russia Fish Survey
Uzbekistan DairySupply Chain
KazakhstanMortgage
Kazakhstan
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Three Platforms for Agribusiness Three Platforms for Agribusiness Advisory WorkAdvisory Work
1.1. Policy ReformPolicy Reform Facilitate improvements in the business enabling Facilitate improvements in the business enabling
environment. environment.
2.2. Business DevelopmentBusiness Development Facilitate linkages between investors, local Facilitate linkages between investors, local
authorities and other stakeholders. authorities and other stakeholders.
3. 3. Supply Chain DevelopmentSupply Chain Development Improve the structure and efficiency of supply chains Improve the structure and efficiency of supply chains
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Agribusiness & Forestry Advisory Work in Agribusiness & Forestry Advisory Work in RussiaRussia
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ExampleExample: NorthWest Russia Forestry : NorthWest Russia Forestry ProjectProjectPromotes direct investments in wood harvesting and processingPromotes direct investments in wood harvesting and processing
Results: Facilitation of Finnish investments:
$189.3 million in completed investments $24.3 million in progress $348.9 million in committed investments
ActivitiesActivities: : Screen forest areas and Screen forest areas and
Russian partnersRussian partners Evaluate investment proposalsEvaluate investment proposals Implement sustainable forest Implement sustainable forest
management practicesmanagement practices Botnia Sawmill, Podporozhie, RussiaCommissioning due Jan 2006
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IFC Investments in RussiaIFC Investments in Russia
IFC Portfolio by CountryFY2004
Other80%
Brazil7% Russia
7%
India6%
Agribusiness3%
Oil, Gas and Mining
8%
Telecom & IT2%
Infrastructure12%
Health & Education
1%
Financial Markets
46%
General Manufacturing
25%
Private Equity Funds
3%
IFC Portfolio in Russia by Sector June 30, 2005
Total IFC account in Russia: US$ 1.695 billion
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Campina Yogurt Russia
IFC Food and Agri-Investments in RussiaIFC Food and Agri-Investments in Russia
Inputs FarmProductio
n
AgriMarketin
gProcessing
Food Marketing
Distribution
IFC primarily invests in Food Processing and IFC primarily invests in Food Processing and Upstream & Downstream LinkagesUpstream & Downstream Linkages
IFC Food & Agribusiness Portfolio:IFC Food & Agribusiness Portfolio: $1.2 Billion Worldwide$1.2 Billion Worldwide $56 Million in Russia$56 Million in Russia
Upstream
Downstream
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IFC Food and Agri-Business Investments IFC Food and Agri-Business Investments inin Russia and Ukraine Russia and Ukraine
Bravo International
Loan $15 millionSyndicated loan $7 million
Expansion of beer production,transfer of efficient technologies,
quality control, and transportand distribution systems.
Signed: August 2001
Russia
Campina
Loan $10 million
Construction of a yogurt factory.Technical assistance on
local supply chain development.
Russia
Signed: September 1999
Agro industrialFinance Company
Equity $0.5 millionLoan $5 million
Syndicated loan $10 million
Creation of a new financialintermediary to finance agricultural
enterprises with supply links to majorfood and agribusinesscompanies in Russia
Signed: September 2002
Russia
StavropolskyBroiler(Agros)
Loan $15 million
Rehabilitation and expansion ofcommercial poultry production
in the Stavropol region.Advice on strategic development and
corporate governance.
Signed: June 2003
Russia
LebedyanskyExperimental
Cannery
Loan $35 million
Expansion and modernization ofthe existing juice production facilities,
reduction of production costsand diversification of business
Signed: June 2004
Russia
MironovskyKhleboprodukt I & II
Equity $20 million Loan $60 million
Supporting the company’s expansion strategy.
Signed: May 2005
Ukraine
Sandora
Loan $10 million
Expansion and modernization ofthe existing juice production lines,
expansion of distribution,provision of working capital
Signed: June 2004
Ukraine
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Survey of Fish Industry in RussiaSurvey of Fish Industry in Russia
Purpose:Purpose: Provide an Provide an updated and accurate updated and accurate source of industry source of industry information to facilitate information to facilitate investment and business investment and business decisionsdecisions
IFC’s Role:IFC’s Role: Facilitate development Facilitate development
of Terms of Referenceof Terms of Reference Supervise the selection, Supervise the selection,
appointment, and work appointment, and work of the Consultantsof the Consultants
Direct Funding: $97,000Direct Funding: $97,000
Agreement signed by Ambassador Benedikt Jonsson and IFC Director Edward Nassim in
Moscow, 15 Nov. 2004
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Survey of Fish Industry in RussiaSurvey of Fish Industry in Russia
BID NO. NAME Country1 St Pete SME Dev Russia
2 Poseidon/Tripleline UK
3 Meka Iceland
4 Sergei Mashkarenko Russia
5 Eurofish Denmark
6 MacAlister Elliott & Partners UK
7 Marecon Holland
8 Risk Management Iceland
Fish Industry Expertise Russia Expertise Market Expertise Links to Iceland Overall Presentation &
Methodology
Selection criteria: Eight Bids received:
Consultant Selection
Contract awarded to EUROFISH
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Survey of Fish Industry in RussiaSurvey of Fish Industry in Russia
MarketMarket Fish Industry StatisticsFish Industry Statistics Investment Activity and ProspectsInvestment Activity and Prospects Fishing Fleet and Fish HarvestingFishing Fleet and Fish Harvesting Fish ProcessingFish Processing Fish FarmingFish Farming
The TOR focuses on these issues:
The Terms of Reference addresses major fishing regions, consumer markets, and fish processing, distribution and storage facilities in the Russian Federation.
These issues were excluded from the TOR and addressed internally:
Policy, Legal and Regulatory Environment Fisheries Management Fishing Fleet and Fish Harvesting (Future Developments only)
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Thank YouThank You
Ian LuytSenior Operations ManagerAgribusiness & Forest Products – Technical Assistance ProgramsInternational Finance CorporationMoscow, [email protected]
28 October 2005Reykjavik