devinitorg/iati-policy-markers huggingface dataset:
TT & TIM Iletisim Hizmetleri A.¿. In February 2004, Aria, the third largest mobile telephony operator in Turkey, owned by Telecom Italia Mobile (through TIM Intl. N.V.) and the Is Bankasi Group, merged with Aycell, the fourth mobile telephony operator, owned by Turk Telecom.  The resulting entity, Avea, is a company with a nation wide GSM network, covering over 80% of the Turkish population, with a market share of about 15% at end of September 2004.  The company had about 4.7 million subscribers as of June 2004 and about 1,000 employees.    The project financing will include the restructuring of Aveas existing debt and the funding of the following:  -  working capital requirements and  -  the integration, expansion and maintenance of the combined GSM network.    Total project cost is estimated at $2.1 billion, inclusive of approximately $1.1 billion of refinancing of existing debt .
Arkas Project The Arkas Group (Arkas or the Group) is a diversified transportation conglomerate and Turkeys leading company in the field of container transportation.  The Groups subsidiaries are primarily involved in agency services, port operations, and sea, road, and rail transportation.  They also provide complementary services such as freight forwarding, machinery and vehicle maintenance, and warehousing.    Arkass technical capabilities, integrated logistics chain, and strong, long-term relationships with international shipping companies have allowed it to develop a strong market position, offering an excellent platform for continued successful growth.  IFCs corporate loan would provide Arkas with the financial flexibility to proceed with some or all of a number of transportation sector development opportunities in different regions of the country, which will allow the Group to meet the regions expected growth in container traffic.     Investments currently being considered by Arkas, inter alia, include:     - enhancements to the Groups port operations, including the greenfield development of Autoport (formerly known as Zeyport), a car export terminal located on the Sea of Marmara;   - the potential acquisition of a concession to develop Iskenderun port (located near the Syrian border), once its privatization proceeds;    - the acquisition of additional port equipment to support Arkas current port operations; and    - the acquisition of logistics equipment such as railway wagons to feed its port operations.
Akbank Impact Region The proposed financing package involves an up to US$50 million senior loan from IFCs own accounts to Akbank T.A.S. (Akbank, the Bank), which is a systematically important Turkish bank headquartered in Istanbul.     The tenor of the financing package is 3-year plus 1-week and proceeds of the investment will be used to support MSMEs located in the southeastern provinces of Turkey  those that are most affected by the influx of Syrians under Temporary Protection (SuTP)  with the aim to contribute to the sustainable development of the country. 1. Increased access to finance for MSMEs: The proposed investment will increase access to finance to MSMEs with a special focus on regions that are the most affected by the SuTP influx.
2. Inclusiveness: IFC anticipates that the investment will foster financial inclusiveness by demonstrating to other industry players the positive impact and commercial viability of expanding credit in less developed regions.
Ekim Turizm Ticaret ve Sanayi A.S. II The proposed project involves the structuring and implementation of an asset-backed securitization (ABS) program consisting of an immediate warehousing loan of up to Euro 40 million to and a credit enhancement facility (CEF) of up to Euro 20 million to Ekim Turizm Ticaret ve Sanayi A.S. (Intercity or the company), an existing IFC client and the leading fleet management and vehicle leasing company in Turkey.  The lease receivables financed by the warehousing loan are expected to be used as assets to back the securitization issuances under the proposed ABS program.  The objective of the project is to enable the company to diversify its funding base by accessing more competitive and sustainable term funding both in the domestic and international capital markets.
Denizbank A.S. Agribusiness DPR IFC proposes to purchase up to EUR50 million in bonds (up to 7 years) and act as one of the core investors to facilitate a successful issuance of a Diversified Payments Rights securitization by Denizbank in Turkey. The proceeds would be on-lent to small farmers and agribusiness companies. The proposed project would send signals of confidence in the DPR financing market which had been dormant. The project would generate a range of social and economic benefits, including economic growth and employment creation, as well as financial deepening with services and products tailored to low income populations especially in agribusiness sector including farmers.
Finansbank A.S. Summary Of Project Information (SPI)       Project Name:    Turkey: Finansbank      Region:Central and Southern Europe   Sector:   Project No:009286   Projected Board Date:May 15, 1999    Company Name:Finansbank A.S.   Technical Partner and/or Major Shareholders    	Mr. Husnu Ozyegin, an experienced banker and his family own some 64% of Finansbank through his family''s wholly owned companies Fiba Factoring, Fiba Holding and Fina Holding. Commercial Union Assurance Co Plc. of UK owns 5% and the remaining shares are held by the public.    Project Cost Including proposed IFC investment    	Project cost.  The project consists of a syndicated medium-term loan package to Finansbank of up to US$55 million.  This includes a loan of up to US$20 million for IFCs own account, and a US$35 million B Loan for the account of participants. Some of the loan for IFC''s own account could be convertible into equity in Finansbank. The B loan may be larger if market demand so warrants.    Location of project and Description of site    	Finansbank is a medium-sized bank headquartered in Istanbul, with 65 branches across the country.     Description of Company and Purpose of Project    	Finansbank is a commercial bank, lending primarily to medium-sized enterprises.  Finansbank is a part of the Finansbank Group which offers financial services such as banking, leasing, brokerage, insurance, asset management and factoring through a variety of subsidiaries. Finansbank has subsidiary banks located in Switzerland, Holland and Russia which offer mainly trade related financial services to Turkish and foreign corporations. The project consists of a US$55 million loan package for onlending to small-and medium size enterprises for modernization and/or expansion needs. The project would have the dual objectives of easing the medium-term funding constraint of private sector enterprises, including for SMEs, and at the same time supporting the institutional development of the Turkish banking sector, through the imposition of stringent covenants.  The loans would also lengthen the average maturity of the funding base of Finansbank.    Environmental Category and Issues    	This is an environmental review category (FI) Tier 2 project.  Finansbank will be required to undertake an environmental review of each sub-project.  In addition, IFC will assess the capability of Finansbank to carry out environmental reviews.      The  is  from the InfoShop.        Date SPI sent to InfoShop:     April 15, 1999      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact: Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384
Actera III add The proposed project consists of an additional equity commitment of up to $15 million to Actera Partners III L.P. (Actera III or the Fund), a generalist, closed-end private equity fund domiciled in Jersey. Fund will invest in mid-market growth capital/buyout transactions in Turkey. Project Outcomes
- Stakeholder: Access to growth capital for Fund investees: The Fund, while maintaining a generalist strategy, will provide access to much needed long-term equity capital for mid-market companies in Turkey.
- Stakeholder: Increased Investee Growth: IFC expects the Fund to help in knowledge transfer and bring operational value-add to its investees.
Contribution to Market Creation
- Competitiveness: The project is expected to increase PE market activity in Turkey by demonstrating the viability of PE investments given the challenging fundraising environment.
Seker Bank Project The proposed investment consists of:    - EUR18 million subordinated loan to support microfinance downscaling which would qualify as Tier II capital for 10 years (5 year grace) and    - EUR18 million senior loan to support Sekerbanks SME lending operations for up to 7 years (2 year grace). The developmental impact of Sekerbanks down-scaling program is expected to be high and far reaching in terms of its economic support for productive micro enterprises, stimulus for employment generation and confidence building for the Turkish financial sector. Microfinance in Turkey is in its early stages and there is significant opportunity for portfolio growth in this underserved sector. In Turkey, there are about 3.2 million informal micro and small businesses operating in sectors that represent about 40% of the workforce and about 15% of the countrys GDP.  This project is expected to reach an estimated 150,000 micro entrepreneurs during the tenor of the Financing Package through Sekerbanks 214 branch office network located throughout Turkey.
Otosan EV Project Ford Otomotiv Sanayi A.S. (Otosan or the Company) is a leading automotive manufacturer and is an existing IFC client. The proposed IFC investment is up to EUR150 million in 2022 and up to EUR90 million in 2023 to partially fund Otosans multi-year, 1.0 billion electric vehicle investment program, including the production of its new Ford Transit Custom commercial vehicle, a one-ton, medium-sized electric vehicle manufactured at the Yeniköy plant in Türkiye (the Project). The Project has an Anticipated Impact Measurement and Monitoring (AIMM) rating of Good, based on an AIMM score of 58. On an unadjusted basis (i.e., without a likelihood factor), the full potential AIMM score could reach 64. 

The most significant project-level outcomes are expected to be: (i) economy-wide effects through value addition, an increase in exports, and employment creation; and (ii) stakeholder benefits through skill building and training for employees. Beyond the project-level outcomes, IFC anticipates that the Project will promote integration by introducing novel know-how in Türkiyes automotive industry through higher value-added and more complex manufacturing processes. The Project is also expected to improve the countrys position in the GVCs.
TSKB Climate Smart The project is to provide a senior loan for an amount of up to US$75 million to Turkiye Sinai Kalkinma Bankasi A.S (TSKB or the Bank), Turkeys first privately-owned development and investment bank.  Loan proceeds will be used to finance climate mitigation projects including projects related to sustainable energy (energy efficiency and renewable energy) and resource efficiency investments in Turkey. The project is expected to generate a range of environmental and economic benefits related to the development of the renewable energy, energy and resource efficiency project investments. Specifically, IFC''s investment would: (i) improve the competitiveness of the Turkish economy by increasing the utilization of the energy, water and raw materials more efficiently; (ii) develop energy and resource efficiency investment projects across all sectors;  and (iii) improve the local as well as the global environment through reduced emissions of conventional pollutants and GHGs.
Odea Bank SME Odea Bank A.S. (Odea Bank or the Bank)  is a newly formed green-field bank in Turkey that obtained its banking license on October 2, 2012.  Odea Bank commenced its operations with US$300 million as paid in equity from its parent, Bank Audi- Saradar Group.  Odea Banks business model and strategy is covering all business segments as a universal bank.   IFCs proposed investment aims to increase access to finance for small and medium enterprises (SMEs) in Turkey through providing a senior loan to Odea Bank that targets SMEs. IFC''s SME credit line would further help the Bank to extend longer term loans to the SMEs and therefore provide sustainable financing to expand their businesses. As the primary beneficiaries of the proposed senior loan would be SMEs, who is lacking access to especially long term finance from banks, the proposed loan is also expected to have positive impacts in terms of job creation and preservation because SMEs are the major source of employment in Turkey. Lastly, IFC''s partnering with Odeabank, a south-south investment, would have an important demonstration impact in terms of motivating other strong sponsors in the region to enter into the Turkish market
Standard Profil Established in 1977 and headquartered in Istanbul, Standard Profil (SP or the company) is the largest manufacturer of automotive sealing systems in Turkey.  Its product line includes a wide range of rubber seals such as door seals, trunk seals, engine cover seals and rear window gaskets.  These products are sold to various Original Equipment Manufacturers (OEMs) in the automobile industry who use them in the vehicle production process.    IFC is considering an investment in the company.
Borcelik Celik Sanayii Ticaret A.S. Summary Of Project Information (SPI)       Project Name    Turkey: Borcelik IV            Region    Europe        Sector       Project No008012   Projected Board DateJanuary 20, 1997   Company NameBorcelik Celik Sanayii Ticaret A.S.   Technical Partner and/or Major Shareholders    	Borusan Holding A.S. (61.18%) and IFC (16.275%)    Project Cost Including proposed IFC investment    	US$58 million, including an IFC A loan of $10 million, approximately $4.5 million of IFC equity, and a $1 million IFC risk management facility.     Location of project and Description of site    	The projects site, adjacent to Borusans (parent company) existing pipe factory in Gemlik on the Marmara Sea coast, is close to Bursa and about 100 km south of Istanbul.    Description of Company and Purpose of Project    	Borcelik is a stand-alone, cold-rolling steel mill, whose sponsor, Borusan, is a successful former client of IFC.  Plant construction started in June 1993 and was completed in April 1994; after trials, commercial production commenced in September 1994.  The plant is operating satisfactorily.  The project supplies Turkeys growing domestic market for cold rolled flat products.  IFC participated in the initial financing of the project, and following project completion, is now participating in a capital re-ordering of the project.       Environmental Category and Issues    	This is a category C project according to IFCs environmental review procedure because the project is a purely financial restructuring of an existing IFC investment without any physical changes to the project.Key environmental and occupational health and safety issues include air emissions, liquid effluents, and employee exposure to noise and toxic substances.  Environmental, and Health and Safety permits for the project have been obtained from the governmental authorities.  The company provides IFC with annual Environmental Monitoring Reports. The company has installed its treatment plants and they are in operating condition.  The company has been granted a Discharge Permission Certificate by the Local Environmental Board and an Environmental License by the Turkish Government.       Date SPI sent to PIC     December 20, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
TGF IV Project The proposed project consists of an equity investment of up to USD50 million in Turkey Growth Fund IV L.P. (TGF IV the Fund), a generalist, closed-end private equity fund domiciled in Guernsey. The Fund will invest in mid-market growth capital/buyout transactions in Turkey. Project Outcomes
- Stakeholder: Increase access to growth capital for Fund investees: The Fund, while maintaining a generalist strategy, will provide access to long-term equity capital for mid-market companies in Turkey.
- Stakeholder: Increased Investee Growth: IFC expects the Fund to bring operational value-add to its investee companies and help them scale.
Contribution to Market Creation
- Competitiveness: The project is expected to increase PE market activity in Turkey by demonstrating the viability and sustainability of PE investments.
ACWA Kirikkale This Summary of Investment Information (SII) is an update to the initial SII of Farcan ACWA Project (ID: 32503), disclosed on July 30th, 2012.      IFC received its board approval on October 18, 2012, to provide an A Loan of up to USD125 million and a B Loan of up to USD75 million to a greenfield approximately 835 MW combined cycle natural gas fired power plant (CCGT) investment located 50 km east of Ankara, near the city of Kirikkale, Turkey. The financing documents were signed on December 28, 2012.  After the signing, International Company for Water and Power Projects (ACWA Power) decided to develop the project on its own, as the sole sponsor, under a new generation license issued to Acwa Guc Elektrik Isletme ve Yonetim Sanayi ve Ticaret Anonim Sirketi (ACWA Guc or the Company) with an installed capacity up to about 928 MW (net) on a new location that is close to the previously planned location (the Project). Turkey Country Partnership Strategy FY2012-2015 outlines strategic objectives for fast, sustainable, equitable and inclusive   growth that respects the environment. In line with this strategy, the World Bank Group aims to contribute to improved supply of   reliable and efficient energy, increased use of renewable energy and climate actions under implementation.   The Project will have a significant development impact as it will: (i) increase Turkey''s electricity output and help meet the   country''s growing energy demand and provide power supply security; (ii) in doing so, reduce Turkey''s reliance on coal and   lignite, thereby reduce carbon emissions in electricity generation; (iii) support power sector reform by increasing the share of   private generation in Turkey''s overall electricity generation in order to move towards possible EU accession and the creation of   a regional energy market; and (vi) by size and nature of the transaction, influence Turkey''s ability to continue to attract foreign   investment in the energy sector. Through the above, the Project will positively impact the fiscal and macroeconomic stability of   Turkey.
Tiryaki II Project As an agricultural commodity trade and supply chain manager since early 80s, Tiryaki Agro Gida Sanayi ve Ticaret A.S. (the Company or Tiryaki) is engaged in sourcing, processing and storage of both conventional and organic agricultural products with a storage capacity of more than 500,000 tons. The proposed project involves refinancing of the existing working capital facility of and to finance incremental working capital needs required for the Companys growth in operations at an estimated cost of US$330 million (the Project). The Project will ensure Tiryakis continued access to working capital funding which is critical for the Companys growth. - Supply Chain Linkages & Access to Farmers: Tiryaki sources directly from more than 2,850 farmers (all of whom are MSMEs) in Turkey, providing them seeds and pre-financing in the process excluding 30-40 wholesalers who have supply linkages with individual farmers.  - Supporting a Regional Player: The Project will improve competitiveness of the Company as well as underline its market position in Turkey which has substantional room for competition. - Job Preservation and Tax Revenues for the Governments: Given that agribusiness is a strategic sector for Turkey, accounting for 25% of employment, the Project will help the sector to preserve the job while increasing tax revenues to the Government on the back of improved supply chain linkages as well as sound operations of the Company.
Revo Capital Fund II B.V. The proposed project is an equity investment of up to EUR15 million in Revo Capital Fund II B.V. (Revo II or the Fund), a venture capital (VC) fund domiciled in the Netherlands. The Fund will invest in early stage technology companies in Turkey and the Central Eastern Europe. Project outcomes: 
- Stakeholder: The Fund will provide access to early-to late-stage capital for tech entrepreneurs and bring value-add to portfolio companies while helping them scale.  

Contribution to Market Creation: 
- Competitiveness: The project is expected to increase competitiveness of the venture capital market within Turkey.
ABank-Banking on Women The proposed project is comprised of a senior loan investment in Alternatifbank A.S. (ABank or the Bank) of up to $25,000,000 which would be used to support women-owned small and medium enterprises (SME) and SMEs in general in Turkey. The key development objective of this project is to increase financial inclusion in Turkey. The project is designed to improve access to finance for SMEs in Turkey, with a special focus on women owned businesses (at least 50% of the project amount will be used to on-lend to women owned SMEs). By working with ABank, a well-run, mid-tier bank with a particular focus on SMEs, this project is intended to demonstrate the business opportunity presented by women entrepreneurs as an under-served market.
Abank Sub Loan The proposed project is comprised of a subordinated loan investment in Alternatif Bank A.S. (Abank or the Bank) of up to $50,000,000 which will qualify as Tier II capital.   IFCs role and additionality in the proposed project is to provide long-term support which will enhance the stability of a well-managed, mid-tier Turkish client. The proposed investment is intended to strengthen the Banks balance sheet by expanding its capital base, as well as support its growth strategy, focusing on the SME segment. The Project is expected to support a growing Turkish bank through a subordinated loan facility, which will qualify as Tier II capital. The proposed investment is intended to strengthen the Banks balance sheet by expanding its capital base, as well as support its growth strategy, focusing on the SME segment.
Ulker Fin. Project IFC committed a EUR75 million A-Loan on March 29, 2024, to Ülker Biskuvi Sanayi A.S. (Ülker). The IFC Loan will support Ülkers multi-year corporate investment program.         IFC also had an approval to invest EUR75 million, by subscribing to a US$-denominated senior unsecured fixed rate Eurobond to be issued by Ülker. As a result of the book building that took place on July 1, 2024, IFC has been allocated US$65 million of the notes issued (the IFC Subscription). Proceeds of the IFC Subscription will be used to refinance working capital needs of Ülkers facilities located in Topkapi and Gebze in Türkiye, and its subsidiary Hamle`s factory in Kazakhstan. Expected Project-level outcomes are contribution to the value addition to the operating countries economy and creation jobs in countries with high unemployment rates and positive environmental effects driven largely by climate adaptation measures and mitigation measures. In addition, part of the investment will be used towards earthquake strengthening works in the existing factories in Istanbul (Topkapi, Gebze) which are expected to result in enhancement in safety standards and creation of temporary construction employment opportunities. Beyond the Project level, IFC expects the investment to increase the resilience of the sector through adoption of sustainability measures and improving buildings to withstand earthquakes. Finally, investment in Kazakhstan Hamle factory will cover process enhancements and technological adjustments which are expected to lead to greater efficiency in resource utilization as well as improvement of safety environment at the factory.