XM-DAC-903-SII-32706 International Finance Corporation Established in 1957 as a branch of the National Bank of Australasia (NAB) and incorporated as Bank of South Pacific (BSP), a wholly owned subsidiary of NAB, in 1974. In 1993, National Investment Holdings Limited, a nationally-owned corporation, acquired NABs 87% shareholding, and the 13% that was at that stage held in public hands. In April 2002 BSP purchased the state-owned Papua New Guinea Banking Corporation Limited under the State''s privatization program. BSP was listed on the Port Moresby stock exchange in 2003. BSP is Papua New Guineas (PNG) largest retail and commercial bank with assets of USD6.7 billion (as of June 30, 2012), with a dominant market position in PNG with approximately 50% of loans and deposits. The proposed project is expected to: (i) provide US Dollar medium/long term funding to BSP, the largest and only indigenous bank in PNG, to catalyze private sector growth, and (ii) expand access to finance for PNG based businesses which are central to the development of PNG economy. IFC''s role is expected to encompass the following: (i) providing the Bank with a long-term USD loan, enabling it to expand its USD lending program to serve increasing USD demand from PNG clients with USD receivables but a limited access to USD funding; (ii) demonstrating confidence in and support for the largest and only indigenous bank in PNG implementing its long-term strategic goals of regional and increasing access to finance for local businesses which are drivers of future economic growth and employment creation; (iii) IFC''s long-term loan will also help the Bank reducing maturity mismatch as majority of BSP''s deposit base are short-term; and (iv) mobilize the syndication fund to provide much needed long-term liquidity support to BSP, helping the leading bank to maintain long-term financial sustainability given very limited available capital in the market. The Project is expected to measure the following development impact: (i) at least 412,000 loans disbursed by the Bank during the life of Project from a baseline of 51,864 loans disbursed during 2012; and (ii) the USD volume of outstanding loans reaches USD4,450 million by the end of 2020 (10% average annual growth) from a baseline of USD2,345 million as of December 31, 2012. BSP Financial Group Limited Mr. Robin Fleming, Deputy Managing Director and Chief Risk Officer Bank of South Pacific Limited Ravalien Haus, PO Box 78, Port Moresby, NCD Papua New Guinea Tel: +675 3056707 Fax: +675 3213428Email:  mailto:rfleming@bsp.com.pg Web: http://www.bsp.com.pg International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 N/A. Papua New Guinea Headquartered in Port Moresby, Papua New Guinea, with a branch network of 42 outlets in PNG, overseas branches in Fiji, the Solomon Islands and Niue, and 380 ATMs, BSP is supporting over 1,200,000 retail customers. The investment can be made throughout PNG. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 O-AA - Commercial Banking - General Total: $30.00 million 30000000.00 30000000.00 BSP Financial Group Limited Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32706/bsp-senior-loan XM-DAC-903-SII-35312 International Finance Corporation Established in 2012, Transform Exploration Proprietary Limited (Transform Exploration or the Company) is an independent oil and gas exploration company located in Perth, Australia. Transform Explorations main area of focus is the island of Papua, comprising Papua New Guinea (PNG) and Indonesian Papua. Transform Explorations key assets in PNG are located in the Western Province and its asset portfolio includes discovered gas resources in the Ubuntu field as well as prospective gas fields held under its licenses. Transform Exploration also has a majority beneficial stake in a soon to be awarded Production Sharing Contract in Indonesia Papua close to the border of PNG. The proposed IFC investment consists of an equity investment of up to AU$21.5 million (US$18.9 million) in Transform Exploration. The proceeds from IFCs investments will primarily be used to fund exploration activities (seismic and drilling) on its current licenses in PNG and to fund future general and administrative expenses. Exploration and monetization are the conditions for developing a domestic value chain, and companies such as Transform Exploration play an important role in helping host countries identify and develop resources. Particularly, Transform Exploration''s key assets are located in the foreland area of PNG whose full monetization depends on discovering and aggregating additional resources. With additional capital from IFC, Transform can, if successful, help the Foreland region move along the gas value chain. While development benefits will be limited in the exploration phase, the expected impact from the development and monetization of currently stranded resources will likely include: significant fiscal revenues for both central and local levels of government as well as non fiscal benefits for communities in the form of jobs, local economic development and infrastructure. Moreover, stringent environmental and social as well as transparency standards are expected to have a positive effect on the industry governance in the region and in the country. TRANSFORM EXPLORATION PTY LTD Agu Kantsler MANAGING DIRECTOR Transform Exploration M: +61 419 937 917 T: +61 8 6145 3010 Suite 5, Level 1, 254 Rokeby Road Subiaco WA 6008, Australia E: mailto:agu.kantsler@transformex.com.au Andrew Burt EXECUTIVE DIRECTOR Transform Exploration M: +61 488 062 160 T: +61 8 6145 3020 Suite 5, Level 1, 254 Rokeby Road Subiaco WA 6008, Australia E: ab@transformex.com.au International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Papua New Guinea Transform Explorations PNG licenses are situated in the center of the island of Papua, east of the land border that separates PNG from Indonesia. These licenses lie within the Kiunga Rural Local Level Government area of the North Fly District of Western Province and the Nomad Rural Local Level Government of the provinces Middle Fly District. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 B-AB - Oil and Gas Production (Includes Development) Total: $18.32 million 18320000.00 18320000.00 TRANSFORM EXPLORATION PTY LTD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/35312/transform-equity XM-DAC-903-SII-37706 International Finance Corporation The proposed investment is for IFC to provide a 5-year tenor A loan amounting US$ 30 million to Bank South Pacific Limited (BSP or the Bank) channeled to RMA Financial Services (Cambodia) Plc (RMA FS Cambodiaor the Company) to support RMA FS Cambodias portfolio growth. RMA FS Cambodia will soon be renamed to BSP Finance (Cambodia) Plc. IFC''s role is expected to encompass the following: (i) providing the Bank with a long-term USD loan to underpin their long-term strategy in Asia Pacific region especially in PNG and Cambodia both of which are IDA countries; (ii) demonstrating confidence in and support for the largest and indigenous bank in PNG implementing its long-term strategic goals of expansion to other region; and (iii) increasing access to finance for agriculture related businesses in Cambodia, which is important sector for the country''s economy, generating 70% of employment and contributing to more than 30% of the country''s GDP and yet vulnerable due to poor business environment and little investment. BSP Financial Group Limited Robin Fleming Chief Executive Officer Bank of South Pacific PO Box 78 Port Moresby, NCD, Papua New Guinea Tel: +675-322-9168 Fax: +675-320-2683 Email: mailto:rfleming@bsp.com.pg Web: http://www.bsp.com.pg International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 N/A Papua New Guinea BSP is headquartered in Port Moresby and has a wide network of branches in PNG and overseas in Fiji, Samoa, Cook Islands, the Solomon Islands, Vanuatu and Tonga. The Bank has 44 branches across PNG. The Banks potential expansion is South East Asia including Cambodia. RMA FS Cambodia is established and operated in Cambodia. RMA FS Cambodia is headquartered in Phnom Penh operating across Cambodia from the headquarter branch. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 O-CA - Finance Companies Total: $30.00 million 30000000.00 30000000.00 BSP Financial Group Limited Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37706/bsp-png-a-loan XM-DAC-903-SII-47117 International Finance Corporation The proposed investment consists of an unfunded Risk Sharing Facility (RSF) with a maturity of up to 8 years in an amount of up to US$7.5 million equivalent in Papua New Guinea (PNG) Kina through Credit Corporation Finance Limited (the Company or CCFL). The RSF will cover up to 50% of the credit risk on the portfolio in an amount of up to US$15 million equivalent of loans to very small enterprises (VSE) as well as small and medium enterprises (SMEs) to be originated by CCFL (the Project). The proposed Project would come under the Small Loan Guarantee Program (SLGP), a programmatic approach to risk sharing which aims to enhance and strengthen the capacity of financial institutions for risk taking and financing of SMEs in IDA-PSW countries. The Project seeks to leverage CCFLs liquidity position, through the de-risking product, to support underserved SMEs.   Blended Finance Section The risk-sharing facility of up to US$7.5 million could benefit from blended finance support, as part of the SLGP. The SLGP is supported by a pooled first loss guarantee provided by the IDA IFC-MIGA Private Sector Windows Blended Finance Facility (IDA PSW-BFF). IDA PSW-BFF was created by the World Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states. IDA PSW BFF support would enable IFC to rapidly roll out a program of risk sharing facilities to reach underserved SME segment of the market that are otherwise not served due to the associated high risk.     The level of concessionality (i.e., subsidy) to be provided by IDA PSW-BFF is estimated to be around 9% of the total portfolio of US$800 million for the entire SLGP. The estimated level of concessionality is based on the difference between (i) a reference price (either a market price if available; the price calculated using IFCs pricing model, which comprises three main elements: risk, cost, and profit; or a negotiated price) and (ii) the concessional price being charged under the Program.     As is the case with all IFCs blended concessional finance co-investments, this project has been assessed against the Enhanced Blended Concessional Finance Principles for Development Finance Institution (DFI) Private Sector Operations adopted by IFC and more than 20 other DFIs in 2017. Further information on these Enhanced Principles, IFCs blended finance approach and governance, and historical information on estimated subsidy levels in IFCs blended finance portfolio can be found at: www.ifc.org/blendedfinance . The SLGP is a platform approach that can be accessed by other financial institutions in IDA PSW markets.    The most significant, expected Project-level outcome is increased access to finance for unserved and underserved VSEs / SMEs. Beyond the Project-level outcomes, IFC anticipates that the Project will help foster greater market competitiveness via innovation, demonstration, and replication channels. SLGP Credit Corp PNG Credit Corporation Finance Limited Emily Polum Head of Credit Risk +675 308 5500 EPolum@creditcorporation.com.pg Credit Corporation Finance Limited, Ground Level, Credit House Cuthbertson Street, National Capital District, Port Moresby, Papua New Guinea https://www.creditcorporation.com.pg/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Papua New Guinea  CCFL is headquartered in Port Moresby, PNG. The Project is located in PNG, where CCFL operates through a network of 4 branches across the country.                                                   Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 O-FA - Other Non-Banking Financial Institution (NBFI) Total: $7.50 million Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47117/slgp-credit-corp-png XM-DAC-903-SII-48852 International Finance Corporation  The proposed Investment is an up to US$ 20 million financing facility to Bismark Maritime Limited (Bismark or the Company), a Papua New Guinean-owned shipping company, operating in the domestic/inter-islands cargo transportation market. The financing will support Bismarks plans to acquire two younger multipurpose cargo vessels (MPVs), in order to increase the cargo carrying capacity. The newly acquired vessels are expected to be more efficient in terms fuel consumption and green-house-gas emissions. The project is expected to be supported by the IDA PSW Local Currency Facility (IDA PSW LCF) as described in the Blended Finance Section. The Project will improve the quality of maritime freight shipping services, and in turn enable an increased access to critical goods in coastal communities of Papua New Guinea (PNG). At the market level, IFC investment will contribute to increasing the resilience of inter-island domestic shipping and logistics consumption hubs and also provide point to point service between small-medium sized ports. This last-mile connectivity at competitive rates is a key element to enabling the functioning of maritime trade, which the larger vessels of main liners cannot service due to infrastructure constraints (iii) Inclusiveness: The Company provides a critical service to the fresh food producers in highland for local. The upgrade incapacity in sustainable transport infrastructure would increase its outreach to suppliers. Bismark Maritime Limited Bismark Maritime Limited Mr. Jamie Sharp Chief Executive Officer +675 4721990 / +675 72026500 jamie@bismark.com.pg Montoro Street, P.O.Box 750 Lae, Morobe Province, Papua New Guinea https://www.bismark.com.pg/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000     IFC Communications, 2121 Pennsylvania Avenue, NW, Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384                                                                                                       Papua New Guinea  Bismark operates solely in Papua New Guinea and connects the major domestic ports of the country. The Company is headquartered in Lae city, the economic hub of the country. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 other Total: $20.00 million 20000000.00 20000000.00 Bismark Maritime Limited Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/48852/project-otto XM-DAC-903-SII-49799 International Finance Corporation The proposed investment is an up to Papua New Guinea Kina (PKG) 70 million A Loan to Wonye No 2. Limited (the Company), a joint-venture company established for the development of a greenfield commercial property in Mount Hagen, Papua New Guinea. The IFC financing will be used to complete construction of a single storey mixed use retail development with total lettable area of 11,646 square meters (the Project). The project is expected to be supported by the IDA PSW Local Currency Facility (IDA PSW LCF) as described in the Blended Finance Section. The most significant project-level outcomes include (i) increased tenant access to high quality modern retail facilities, (ii) supplier effects on development of modern supply chain, and (iii) environmental effects through enhanced energy efficiency. Beyond the Project outcomes, IFC expects the investment to foster competitiveness in the commercial property and retail sectors, through demonstration and capacity building. Wonye No. 2 Limited Steamships Trading Company Alessandro Mistroni Finance Director and Company Secretary 675) 3137400 information@steamships.com.pg PO Box 1, Port Moresby, NCD 121, Papua New Guinea https://steamships.com.pg International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 @345 Building, Levels 1-2, Stanley Esplanade, Section 20, Allotments 3,4 and 5, Port Moresby, National Capital District, Papua New Guinea Papua New Guinea The Project is located in Mount Hagen, Papua New Guinea. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 other Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49799/dobel-project XM-DAC-903-SII-48587 International Finance Corporation IFC is considering extending a fixed rate loan, linked to local currency, of up to US$15 million to TWM PNG Limited (TWM or the Borrower), a leading waste management service provider in Papua New Guinea (PNG), to support the expansion and upgradation of the Integrated Waste Management Facility (IWMF) located at Roku near Port Moresby in PNG, particularly including, but not limited to, the introduction of new incinerator, wastewater treatment equipment as well as the expansion of engineered landfill (the Project). The project is expected to be supported by the IDA PSW (IDA PSW) as described in the Blended Finance Section.   The Project is expected to increase access to integrated waste management services for large commercial and industrial players in PNG and increase the volume of industrial and hazardous waste that is treated. At the market level, the Project contributes to increasing sustainability by demonstrating an integrated business model for the treatment of hazardous industrial waste and support the business case for circularity TWM PNG LIMITED Name: Dhiman Roy Address: 903, Gunjan Tower, Off. Alembic-Gorwa Road. Subhanpura, Vadodara - 390023 Tel: +91-265-6454560 Email: mailto:droy@comemsa.com.mx International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 Bhaskar Ramamoorthy, CFO TWM Group E-mail address: bhaskar.r@twm.com.pg PO Box 473, Waigani , NCD 131, Papua New Guinea Papua New Guinea  TWM and the Project are located in Roku site (Central Province) near Port Moresby in Papua New Guinea Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 C-DA - Waste Collection Treatment and Management Total: $15.00 million 15000000.00 15000000.00 TWM PNG LIMITED Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/48587/twm-roku-project XM-DAC-903-SPI-23626 International Finance Corporation PNG Microfinance Ltd. (PML or the company) was established in 2004 and is sponsored by PNG Sustainable Development Program Ltd. (PNG SDP or the sponsor). PML was granted a license by the Bank of Papua New Guinea to operate as a financial institution in December 2004. PML will provide credit and financial services (including savings) to micro and small businesses in Papua New Guinea (PNG). With a proposed paid up capital of Kina 15 million (approximately $5 million), PML will operate across PNG and will aim at achieving long-term sustainability on a commercial basis. The project comprises of the following components: - an IFC equity investment of up to $1.0 million equivalent for shareholding of approximately 19% in the expanded share capital of PML; and - an IFC senior loan of up to $2.0 million to PML with a tenor of up to five years. PNG MICROFINANCE LTD Paul Thornton, Interim Managing Director PO Box 704 Port Moresby Papua New Guinea Tel: 675-321-2111 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Papua New Guinea PNG Microfinance Ltd. will operate across Papua New Guinea. Its headquarters will be in Port Moresby. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 AC - Commercial Banking - Microfinance and Small Business Total: $3.20 million 2000000.00 1200000.00 2000000.00 PNG MICROFINANCE LTD 1200000.00 PNG MICROFINANCE LTD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/23626/png-microfinance XM-DAC-903-SPI-26295 International Finance Corporation Digicel PNG (Digicel or the company) has obtained a mobile license in Papua New Guinea and plans the construction and operation of a nationwide GSM network. This greenfield project will introduce competition in a low penetration market, where the incumbent, Telikom PNG, currently exercises a monopoly over all fixed and mobile communication services. The project will offer a wide range of standard and value added mobile services; given the poor state of the existing telecommunications infrastructure in the country, the project will have a significant development impact for both individuals and businesses. With fixed line penetration of slightly more than 1% and mobile penetration of 3%, Papua New Guinea ranks with the countries with the lowest tele-density worldwide. Further, telecommunication services in Papua New Guinea are expensive and coverage and quality are very poor. The project will improve the access to reliable and affordable telecommunication services for consumers and businesses. The company projects that mobile penetration will more than triple by 2011. The project will also support the telecom liberalization process of the Government of PNG. PNG began the process of liberalizing the telecommunication sector through the Telecoms Act of 1996 and the ICCC (Regulatory) Act of 2002. In April 2007, the ICCC granted two mobile licenses, one to Digicel and the other to Dawamiba, an Indonesian group. DIGICEL (PNG) LIMITED Ron Goodfellow, CFO Digicel (PNG) Ltd Mobile: +695 697 2520 E-mail: ron.good.fellow@digicelgroup.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Papua New Guinea The project will be headquartered in Papua New Guinea, and will provide mobile telecommunication services to both urban and rural areas of the country. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 AC - Mobile Telephony Total: $40.00 million 40000000.00 40000000.00 DIGICEL (PNG) LIMITED Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26295/digicel-png XM-DAC-903-SPI-27386 International Finance Corporation Kula Fund II Limited (Kula II or the Fund) is a 10-year private equity fund which will make equity and equity-related investments in small and medium-sized enterprises (SMEs) located in the Pacific Islands region. Besides providing its investee companies with much needed equity capital for growth and expansion, the Fund will also provide on-going support to strengthen and professionalize its investees with the aim of improving operations and decision-making and attracting other sources of long-term capital. The projects key development impacts are: Provision of long-term equity capital. The Fund will be an important source of otherwise scarce long-term growth capital in the small and underserved IDA economies of the Pacific Islands region. Financial and managerial support for the development of SMEs in IDA economies in the Pacific Islands region. Besides providing much needed long-term equity capital for growth the Fund will also provide on-going support to strengthen and professionalize its investees with the aim of improving operations and decision-making and attracting other sources of long-term capital. Enhancing corporate governance practices among SMEs. The Manager will adopt international best practices for transparency and corporate governance of its portfolio companies, thus fostering knowledge and skills transfer. KULA FUND II LIMITED Andrew Crompton Partner Pacific Capital Partners (PNG) Ltd Level 24, 10 Eagle Street BRISBANE QLD 4000 Australia Tel: +61 7 3303 0894 Fax: +61 7 3303 0895 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Papua New Guinea The Fund is incorporated in Vanuatu and will focus on investments in SMEs located in the Pacific Islands region including Cook Islands, Fiji Islands, Kiribati, Republic of Marshall Islands, Federated States of Micronesia, Nauru, Papua New Guinea (PNG), Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu (collectively, the Target Countries), though it is likely PNG and Fiji will account for the majority of investments given their relative size among the Target Countries. Up to 20% of the Funds commitments may be invested in IFC non-member countries of Cook Islands, Nauru, and Tuvalu. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 BB - Private Equity/Venture Cap Fund - Regional Total: $4.00 million 4000000.00 4000000.00 KULA FUND II LIMITED Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27386/kula-fund-ii XM-DAC-903-SPI-28111 International Finance Corporation Company Description KK Kingston Limited (the Company) is one of Papua New Guineas leading privately owned companies. The Company is PNG based and has leading positions in businesses such as (i) supplying industrial equipments (including rental of capital equipments) and after-sale services; (ii) manufacturing of plastic bottles, caps and food trays; (iii) manufacturing of rotational-moulded industrial plastic products; (iv) manufacturing of paper products; (v) manufacturing of chemical products; (vi) bottling and distributing of cooking oil; and (vii) importing finished goods for re-sale in the PNG retail market. Project Description The Project consists of supporting the Companys capital expenditures program over the next 2 years and the restructuring plan of its equity base. The capital expenditures program includes (i) refurbishing existing plants and equipments to support the growth of the Company; (ii) replacing existing motor vehicles; and (iii) fitting out the new Port Moresby premise. Demonstration Effect The new ownership structure including external shareholders will be a key step for the Company to access the public market in the future. In addition, the Project will support the formalization of the corporate governance practices of a family-owned private company. The positive impact that good corporate governance practices have on the Companys performance will send a strong message to the market. Import Substitution As a leading manufacturer of tissue paper, cooking oil, household chemicals and plastic products, the Company is one of PNGs main producers of products that would otherwise be imported. The Companys continued growth will be an important contributor to import substitution. Employment Creation The Company currently employs about 550 people in its Lae and Port Moresby operations, 95% of whom are local PNG citizens. As the Company continues to expand it is expected to create additional employment opportunities. K K KINGSTON LIMITED Michael Kingston KK Kingston Limited Milfordhaven Road Lae City Morobe Province 411 Papua New Guinea Tel: +675 472 2745 Fax: +675 472 6175 Website: www.kingston.com.pg International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Papua New Guinea The Company has three sites in Lae and two sites in Port Moresby. The sites in Lae are used for the manufacturing of plastics products, chemical products, paper products, rotational moulded products, bottling of cooking oil, as well as providing warehouse and showroom spaces. The sites in Port Moresby are used for manufacturing of plastics products, as well as providing warehouse and showroom spaces. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 DB - Industrial Machinery Total: $3.92 million 3920000.00 3920000.00 K K KINGSTON LIMITED Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28111/kk-kingston XM-DAC-903-SPI-28398 International Finance Corporation The project consists of the expansion of Digicel (PNG) Limiteds current GSM cellular telephone network in Papua New Guinea, where it was granted a mobile license in 2007. This expansion project will continue to drive competition in a relatively low penetration market and provide cellular telephone services to areas that currently have no mobile, fixed or internet services. The project will offer a wide range of standard and value added mobile services; given the penetration level of existing telecommunications infrastructure in the country, the project will have a significant development impact for both individuals and businesses. With fixed line penetration of slightly more than 1% and mobile penetration of 18%, Papua New Guinea still ranks with the countries in the low end of the tele-density scale worldwide. The project will improve the access to reliable and affordable telecommunication services for consumers and businesses. The company projects that mobile penetration will continue to grow to 25% by 2012. The project will also continue to support the telecom liberalization process of the Government of PNG. PNG began the process of liberalizing the telecommunication sector through the Telecoms Act of 1996 and the ICCC (Regulatory) Act of 2002. In April 2007, the ICCC granted two mobile licenses, one to Digicel and the other to Dawamiba, an Indonesian group. In February 2008, the National Executive Council (NEC) approved the National ICT Policy 2008 (ICT Policy) as PNG Government Policy. The 2008 ICT Policy, primarily drafted to increase competition in the telecommunication industry, set out a two-phased approach with phase-1 as a transition period for a gradual introduction of open competition and phase-2 as an implementation period for prescribed, approved telecom sector reforms. On March 31, 2009, NEC approved the National ICT Policy Phase-2 Reforms Final Report. DIGICEL (PNG) LIMITED John Mangos, CEO Digicel PNG Digicel (PNG) Ltd PO Box 1618 Port Moresby, NCD, PNG Telephone: +675-7222-2222 E-mail: John.Mangos@digicelgroup.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Papua New Guinea The project will be headquartered in Papua New Guinea, and will provide mobile telecommunication services to both urban and rural areas of the country. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 AC - Mobile Telephony Total: $80.00 million 80000000.00 80000000.00 DIGICEL (PNG) LIMITED Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28398/digicel-papua-new-guinea-ii XM-DAC-903-SPI-28852 International Finance Corporation The proposed project consists of (i) an equity investment of up to 10% in Bank South Pacific (BSP or the Bank), the largest bank in Papua New Guinea (PNG); and (ii) a senior loan of up to US$30 million to BSP for on-lending to small and medium enterprises (SMEs) across the Pacific region. The Project is expected to enable BSP to position itself as a significant regional player by strengthening its existing operations in PNG and expanding its presence in the neighboring Pacific islands. The project is expected to achieve a strong development impact through promoting and enabling growth of the financial services sector in the Pacific. This should include the following: Increasing access to finance for MSMEs; Widening the client base for the bank; Introduction of innovative technology in non urban areas; Providing additional longer term USD liquidity within the system; and Diversifying the shareholder base of the bank. BSP Financial Group Limited Robin Fleming Chief Risk Officer Bank of South Pacific PO Box 78 Port Moresby, NCD, Papua New Guinea Tel: +675-322-9168 Fax: +675-320-2683 Email: rfleming@bsp.com.pg Web: www.bsp.com.pg International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Papua New Guinea BSP is headquartered in Port Moresby and has a wide network of branches in PNG and overseas in Niue, Fiji and the Solomon Islands. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 AA - Commercial Banking - General Total: $140.00 million 30000000.00 110000000.00 30000000.00 BSP Financial Group Limited 110000000.00 BSP Financial Group Limited Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28852/bsp-debt-and-equity-financing XM-DAC-903-SPI-29230 International Finance Corporation The Government of Papua New Guinea (GoPNG) has concluded that promoting and supporting the small and medium enterprise (SME) sector in the country would create more job opportunities, as well as diversify the countrys economy. PNG has one of the lowest SME densities in emerging markets, and only 1/3 to 1/2 of all SMEs are active businesses. PNG ranks 136 among 180 countries in the Ease to Get Credit category of IFCs Doing Business 2010 report, and SMEs feel these restrictions the most. The proposed transaction is a SME risk sharing facility (RSF) in PNG to broaden access to finance for the SME sector through a 50% risk sharing by IFC of Bank of South Pacifics (BSP) SME loan portfolio. The RSF is an element of a larger joint initiative between IFC, IDA and GoPNG which aims at bolstering the countrys SME sector in light of increased economic activities in PNG. Apart from the RSF, this initiative also includes advisory services designed and financed by IDA for the GoPNG, for SME sector capacity building, and for SME capacity building for BSP. The Project is expected to have significant development impacts on account of: (1) Access to Finance: The Project will increase access to finance for the underserved SME market in PNG. (2) Support for SMEs: IFC support for the SME sector will greatly enhance the ability for SMEs to engage meaningfully and profitably in the supplier arrangements for the LNG project and subsequent extractive industry projects. (3) Capacity Building: The TA associated with the RSF will increase the capacity of the banking sector to provide services to the SME sector that should continue to have positive impacts beyond the life of the RSF, build the skills and abilities of the SMEs, and provide technical assistance to GoPNG. BANK OF SOUTH PACIFIC LIMITED Robin Fleming; Deputy Chief Executive Officer; Bank of South Pacific Ltd.; P.O. Box 78; Port Moresby, NCD; Papua New Guinea; Phone: +675-322-9168; Fax: +675-320-2683; E-mail: rfleming@bsp.com.pg International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Papua New Guinea BSP has 35 branches throughout PNG, and its headquarters are located in the countrys capital, Port Moresby. The SME portfolio covered under the RSF will contain loans to SMEs across the entire country. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 AH - Commercial Banking - SME Finance Total: $32.01 million 32010000.00 32010000.00 BANK OF SOUTH PACIFIC LIMITED Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29230/png-sme-risk-sharing-facility XM-DAC-903-SPI-30792 International Finance Corporation The Project consists of the expansion of Digicel PNG Limiteds cellular telephone network in Papua New Guinea, where it was granted a mobile license in 2007. This Project will allow the Company to continue to expand geographic and population coverage throughout the country and expand its products and services (including 3G). The Project will improve access to reliable and affordable telecommunication services for consumers and businesses as well as introduce new value added services. Since Digicels initial launch in PNG in 2007, mobile penetration rate has grown from 3% to 31%. The Company expects that mobile penetration will continue to grow over 40% by 2017. The Project will expand mobile services to remote and rural areas where telecom infrastructure is currently poor or non-existent, thus increasing geographic and population coverage. In addition, the Project will improve the speed and reliability of telecommunications services to the business segment, hence enhancing the efficiency and competitiveness of these companies. The Project will create direct and indirect quality employment opportunities in PNG. DIGICEL (PNG) LIMITED John Mangos, CEO Digicel PNG Digicel (PNG) Ltd. P. O. Bos 1618 Port Moreby, NCD, PNG Telephone: +675-7222-2222 E-mail: John.Mangos@digicelgroup.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Papua New Guinea The Project is headquartered in Papua New Guinea, providing mobile telecommunication services to both urban and rural areas of the Country. Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 AC - Mobile Telephony Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30792/digicel-png-iii XM-DAC-903-SPI-31367 International Finance Corporation The proposed transaction involves a credit enhancement facility to a local bank, which is expected to be in the form of an unfunded partial credit guarantee. IFC will support (a) the PNG Kina 9 million (approximately US$4.25 million equivalent) renewable annual working capital need for Kongo Coffee Limited to purchase parchment from local coffee growers and (b) the PNG Kina 6 million (approximately US$ 2.84 million equivalent) long term facility for capacity enhancements, overall technology improvements along with processing capacity expansion. IFC will provide an unfunded partial credit guarantee to a local bank, which may result if called upon in a potential direct exposure to Kongo Coffee Limited. It is expected that the level of guarantee will gradually decrease over time. Kongo Coffee Limited is the only coffee processing company based in PNG Highlands. It operates out of its existing processing facilities in Chuave, Chimbu province. 1. Income generation for small holder coffee growers: Expanded processing capacity will generate increased demand and therefore income for growers. Growers will have access to a local, price competitive coffee buyer who has capacity to demonstrate a consistent buying pattern, thereby promoting security of income. 2. Job creation and upskilling: Additional employees will be required as processing volumes increase, many of which are roles undertaken by women. New machinery and technology will provide the opportunity for the local labour force to develop of new skills. 3. Small holder sustainability: The investment is expected to impact up to 500 coffee growers. This may assist in encouraging younger people to continue participating in local businesses, thereby contributing to industry sustainability. 4. Rural development: approximately 100, 000 people in the Chimbu region are heavily reliant on the coffee industry. Growth of KCL''s business will create additional downstream business opportunities for MSMEs including buyers and other related businesses. 5. Improved financial management and corporate governance: IFC''s involvement will provide an opportunity to improve internal systems and broaden management capacity 6. Skills training for growers: opportunity for IFC technical assistance such as enabling business training and accreditation courses. KONGO COFFEE LIMITED Mr Jerry Kapka Managing Director mailto:pngtopcoffees@msn.com Portion 1004C, Milinch Goroka, Fourmil Karimui, Wawi Coffee Mill, Okuk Highway, Chuave, Simbu Province, Papua New Guinea Telephone: +675 276 7500 Facsimile: +675 2767501 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Papua New Guinea The investment will be located at Portion 1004C, Milinch Goroka, Fourmil Karimui, Wawi Coffee Mill, Okuk Highway, Chuave, Simbu Province, Papua New Guinea Location description A description that qualifies the activity taking place at the location. -6.0000000000 147.0000000000 A-AD - Coffee, Cocoa, Tea Total: $3.00 million 3000000.00 3000000.00 KONGO COFFEE LIMITED Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31367/kongo-coffee