devinitorg/iati-policy-markers huggingface dataset:
WCS COVID Garant The proposed investment consists of a one-year, renewable senior loan of up to US$50 million to Garanti BBVA under the FIG COVID-19 Emergency Response WCS Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. The global effect of Covid-10 crisis is expected to be observed in Turkish banking sector, which Garanti BBVA is a part of, in line with the rest of the world due to its negative impact on MSMEs in finding liquidity to service their debt. Proposed short term facility will alleviate the pressure on short term cash requirements on MSMEs as well as help them to sustain current employment levels by providing them financing for working capital needs. By supporting Garanti BBVA's capacity to sustain operations during this acute shock, IFC best positions the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities. The project has an AIMM rating of Good based on a score of 53. 
The Project Outcome rating is Strong with High likelihood of achievement, which will be realized by providing access to finance/liquidity to Garanti BBVA and, through it, its customers). This will support stakeholders' capacity to sustain operations and to expedite post-crisis recovery.  Specifically, this project intends to provide approximately US$150,000,000 of working capital and trade-related lending to 7,500 MSME clients.
The Market Creation rating is Strong with Medium likelihood of achievement. Emerging Market banks provide working capital and trade finance to support their customers' operating cash flows.  By sustaining banks' ability to provide these services, the project intends to promote the resilience of trade finance markets as well as broader stability that comes about by providing for the going concern of market participants in Turkey.
YKL SME COVID The project is a senior unsecured loan of up to US$50 million to Yapi Kredi Finansal Kiralama A.O (YKL or the Company), an existing IFC client in Turkey. The proposed project will enable the Company to provide long-term financing to sustain the operations of small and medium enterprises (SMEs) affected by the Covid-19 pandemic on the economy and continue supporting SME clients engaged in critical sectors during the outbreak, such as healthcare, production of medical equipment, food production, packaging, e-commerce and logistics . Furthermore, some portion of the loan proceeds may also be used to support climate-related initiatives of the affected SMEs.  Established in 1987, YKL is a fully owned subsidiary (99.99%) of Yapi Kredi Bank (YKB), the third largest private bank in Turkey by assets. The Company benefits from the extensive network of YKB, its client base, underwriting procedures and risk management policies. The potential development impact of the project is composed of the following: 

i) increased access to finance for SMEs negatively affected by the Covid-19 economic downturn; ii) provide financing support to SMEs operating in key sectors during the Covid-19 outbreak, including healthcare, production of medical equipment, food production, packaging, e-commerce, and logistics; and,  iii) increased access to climate finance for affected SMEs.
Assan CPLP Project Assan Demir ve Sac Sanayi A.S. (Assan Demir or the company) has a series of projects targeting overall energy efficiency improvement in its aluminum processing plant in Tuzla-Istanbul, Turkey. Most of the companys investments target reducing the heat loss in its melting and casting operations through measures including adjustments to furnace charging practices and furnace design. The company also plans to install variable speed controls on pumps, take measures to improve efficiency of internal lighting; and install a new generation degreasing machine that uses hot water instead of detergents. Together, these Cleaner Production investments qualify for funding via IFCs Board-approved Cleaner Production Lending Pilot, a $20 million facility via which IFC can provide Cleaner Production sub-loans to its existing portfolio clients.    Assan Demir, established in 1977 and part of the family-owned Kibar Group, is the largest aluminum sheet, coil, and foil manufacturer in Turkey, and also ranks amongst the top Turkish steel galvanizing companies. Assan Demir is an existing IFC client. Assan Demirs Cleaner Production investments are expected to result in:  - Reduced Greenhouse Gas (GHG) Emissions: The packaged of energy efficiency investments included within this project are expected to reduce the Tuzla sites annual GHG emissions by some 7,000 tons CO2 equivalent.  - Cleaner Process for Coil Degreasing: The existing degreasing machine will be replaced with a new generation machine that uses hot water instead of detergents. This machine will have a positive environmental impact along with improving the product quality.  - Improved Product Quality: Better design of the proposed metal transfer system and the detergent-free degreasing system will positively impact the product quality.  This project will also serve to demonstrate that the investments proposed by Assan Demir at its Tuzla plant are cost-effective; this is expected to lead to their wider adoption within the industry.
Assan Aluminyum San. ve Tic. A.S Assan Aluminyum San. ve Tic. A.S. (Assan or the Company), established in 1988, is the largest manufacturer of aluminum flat-rolled products in Türkiye. The Company has launched a multi-year investment program with an estimated cost of US$130 million over a period of 2022-2024. The program, delayed due to the spillover effects of the COVID-19 pandemic, will modernize Assans operations, reduce carbon footprint, and expand processing capacity for flat rolled aluminum products and scrap by 60,000 tons per annum. It will also address the changing demand profile in its target markets post pandemic and eliminate imports of semifinished products. IFC will be partially advising and financing this program with a senior loan in form of an A Loan up to US$90 million that potentially will be structured as a Green Loan (the IFC Loan). Through the capacity expansion (processing capacity increase for ingots and scrap by 60,000 tons per annum) and increase in exports, the Project will support higher value-addition and employment creation for the Turkish economy. Furthermore, by implementing measures to improve production efficiency, the success of the Project will incentivize Assans competitors and other players in the market to upgrade the efficiency of their operations and improve production capacity.
Tamek Project Established in 1955 by Mr. Mehmet Melih Sipahioglu, Tamek Gida ve Konsantre Sanayii ve Ticaret A.S. (Tamek or the Company) concentrates on two main areas: (i) fruit juice and concentrates; and (ii) processed food, including tomato and pepper pastes, ketchup, mayonnaise, canned and stewed products, ready dishes, pickles, jams and marmalades. 
The proposed corporate loan will be utilized for refinancing part of the Companys existing short-term debt, working capital requirement and additional/maintenance capital expenditures (collectively the Project). The Project will have following development impact:
   - Increased Competition: The Project will strengthen Company's position in the market as well as improve its competitiveness, which in turn will promote the competition in the fast growing fruit juice and branded processed food sectors.
   - Local Supply Chain Linkages & Farmers Reached: The Company works with various distributors throughout Turkey and applies contracted farming for various raw materials. So, with the Project the Company would be able to (i) collaborate more with its distributors to increase efficiencies, (ii) support more individual farmers; and (iii) further extend its local supply chain coverage thanks to improved operational and financial performance at corporate level. 
   - Job Preservation & Increased Tax Revenues: With the Project, the Company will be able to retain its existing labor force while improved financial performance would lead to higher revenues/profitability resulting in returns to the society in form of taxes.
OSMANGAZI ELEKTRIK DAGITIM AS Osmangazi Elektrik Dagitim A.S.  (the Company) is the electricity distribution company operating in five provinces (Afyon, Bilecik, Eskisehir, Kütahya and Usak) in inner western Anatolia, Turkey. It serves approximately 1.8 million customers. The Company is implementing its FY2021-2025 capital expenditure program of approximately US$400 million equivalent in Turkish Lira to further rehabilitate, upgrade, and expand its electricity distribution network (the Project).   The proposed investment will support the Companys capital expenditure program for the 4th regulatory period in the Osmangazi region. The most significant project-level outcome is the improvement in the quality of electricity supply, which will benefit 1.8 million electricity users in five provinces of Turkey with reduced outages. At the market level, the Project will contribute to strengthen resilience of electricity supply by demonstrating replicable smart grid technologies and systems to withstand faults across distribution network.
DEF III Project The proposed project consists of an IFC equity commitment of up to $25 million with a co-investment envelope of $15 million in Digital East Fund III, SCSp (the Fund, or Fund III or DEF III), a venture capital (VC) fund that will invest in technology companies in Turkiye and Central Eastern Europe (CEE). The Fund is expected to increase access to early-stage venture capital and provide operational support for technology startups in Turkiye and CEE, potentially resulting in business growth. The project is also expected to strengthen market integration in the real and financial sector in Turkiye and CEE, through the expansion of investees with disruptive business models, via demonstration and replication and/or innovation channels. Moreover, the project will strengthen the digital entrepreneurship ecosystem in the target regions, through inducing further investment by venture capital funds and establishment of local digital ventures, via demonstration and replication channels.
Unitim Holdings A.S The project is the multi-year retail and textile manufacturing expansion of The Unitim Group (Unitim), a leading garment manufacturer and retailing company in Turkey.  The project includes:  - the expansion of the companys existing retail networks;  - the expansion of the companys textile production base to Egypt and;  - the refinancing of the companys short-term debt.    The financing will consist of an A Loan of $20 million and a C Loan of $10 million.  The project will contribute to the diversification of the retail sector in Turkey and support the establishment of strong Turkish companies in the sector and the region. The project will transfer new manufacturing technologies and management and production techniques to Egypt during the course of the manufacturing expansion.  Unitims garment production unit has pioneered the application of the auto industrys lean production technique to the textile industry in Turkey and the expansion will allow the company to export this technology to Egypt.  This knowledge transfer will not only add to the modernization of the manufacturing industry but also lead to the increased skill development of Egyptian managers and workers.    A diverse and modern retail sector attracts commercial investment by creating dynamic commercial centers.  The retail expansion will raise the standard of the retail experience in Turkey, provide local consumers with greater choice of higher quality goods and increase competition in the retailing sector by setting new international standards for service.  The expanded franchise network will give local entrepreneurs the opportunity to further develop and grow their own businesses within the framework of a larger corporate structure, introduce franchise partners to innovative marketing and brand management techniques, and allow them to participate in the overall profitability of the brands.
WCS COVID Abank The proposed investment consists of a one-year, renewable senior loan of up to US$25 million to Alternatif Bank under the FIG COVID-19 Emergency Response WCS Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. In line with the banking sector in Turkey, the COVID-19 crisis is expected to impact Alternatif Banks asset quality negatively through the challenges faced by SMEs, including hardship in finding liquidity to service their debt. Proposed short term facility will alleviate the pressure on short term cash requirements for SMEs as well as help them to sustain current employment levels by providing them financing for working capital needs. Alternatif Bank with its presence and expertise in SME segment and its branch network covering the whole country is a well-suited partner for IFC to reach out to SMEs during this crisis. By supporting its clients' capacity to sustain operations during this acute shock, IFC supports the private sector in the economic recovery process, shortening the time for the most vulnerable to return to their traditional income-earning opportunities.
ATF I Project The proposed project consists of an equity investment of up to US$50 million in Abraaj Turkey Fund I, L.P. (ATF I or the Fund), a closed-end private equity fund domiciled in the Cayman Islands. The Fund targets US$600 million in total commitments and will invest in midcap private companies with regional growth potential based in Turkey and operating in healthcare, education, retail, logistics, consumer goods and services and niche industrials.  The Fund is expected to make 8 to 10 investments with ticket sizes ranging between US$30million and US$75 million. (i) Job creation: The Fund will focus on mid-market companies in Turkey which in IFC's experience achieve high job creation rates.  (ii) Access to finance: Long term equity/risk capital is limited in Turkey. IFC's investment will support Turkish companies by providing additional equity to the midcap market. (iii) Private sector development: Abraaj hands-on management style in the Fund's portfolio companies will help companies improve operational efficiency, achieve national and regional growth, and explore exit opportunities through cross border M&A activities or listing on national/ regional stock exchanges, which will further support the development of the equity capital markets in Turkey and the region.
FinansL EE II Finans Finansal Kiralama A.. (the Company or Finans Leasing) is a subsidiary of Finansbank with primary operations in Leasing in Turkey.  The Company commenced operations in 1990 and has a strong niche in the SME segment and a noticeable market share of 6.2% by business volume as of December 2014 in a very competitive market. The Company offers mainly finance leases to, SMEs, Commercial and Corporate clients.   The proposed project consists of up to US$50 million straight senior loan for IFCs own account and up to US$25 million senior loan under the Managed Co-lending Portfolio Program (MCPP) to the Company. The purpose of the proposed IFC investment is to support the Company''s leasing operations in energy efficiency and renewable energy for SMEs (the "Project"). - Access to Finance: The proposed project will increase access to finance to underserved segments by on-lending to SMEs, pivotal to economic growth. - Development of the Sustainable Energy sector: The proposed project is expected to have high developmental impact as it will support the growth of sustainable energy projects undertaken by SMEs in Turkey. Energy efficiency potential for Turkey-based industrial SMEs is estimated at about 7% of their total energy consumption. Improvement of electrical efficiency of utilities (motors, light, heating, compressed air) represents a significant portion of this potential. Significant investments are needed to reach this economy potential in the mid- to long-term. - Cost Savings to SMEs: Contribution to the reduction of SMEs'' energy costs through improvement in utilization of sustainable energy resources. - Support Cleaner Environment: Improvement of the local and global environment through reduced emissions of greenhouse gases and other conventional pollutants and reduction of Turkey''s dependency on imports of fossil fuel and natural gases.
Garanti Impact Region The proposed financing package involves an (i) up to US$50 million A Loan from IFCs own accounts; (ii) a B1 Loan of up to US$22 million; and an additional (iii) up to US$18.75 million Trust Loan from IFC acting as in its capacity as implementing entity for the Managed Co-Lending Portfolio Program to Türkiye Garanti Bankasi A.S. (Garanti BBVA), which is a systematically important Turkish bank headquartered in Istanbul (the Project).  The tenor of the financing package is six-years with two-year grace and proceeds of the investment will be used to support small enterprises located in the southeastern and eastern provinces of Turkey with a high presence of Syrians under Temporary Protection (SuTP) with the aim to contribute to the sustainable development of the country. 1. Increased access to finance for small enterprises: The proposed investment will increase access to finance to small enterprises 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 need and commercial viability of expanding credit in less developed regions
UNIT Equity UNIT Investment NV (UNIT or the Company) is an owner and developer of power generation assets primarily in Turkey and other countries in Europe and the Middle East. IFCs investment in the Company will provide financing for potential power generation projects. - Power Generation: IFC''s investment will be used to finance power projects, increasing power generation to meet growing power needs in the Middle East as well as potentially in Turkey and Africa.  - Economic impact: UNIT''s energy investments will contribute to the infrastructure in Turkey and other countries. - Employment Generation: Generate direct and indirect employment opportunities through the greenfield projects developed by UNIT.
Kusadasi Cruise Ship Terminal Ege Liman Isletmeleri A.S, (Ege Ports) is a special purpose Turkish company specifically incorporated to operate a cruise ship terminal in Kusadasi (the Kusadasi Port) under a 30-year concession granted by the Government of Turkey (GOT) in July 2003 following a competitive bidding process.  Kusadasi Port is the largest cruise ship terminal in Turkey and is a popular port of call on cruises that originate in Greece, Italy, France, Spain and Turkey.  Ege Ports offers the following basic services to ships calling at the port:  
-  tugging, 
-  pilotage, 
-  sheltering, 
-  clean water supply, 
-  disposal of solid waste, 
-  underwater diving inspection, and 
-  fuel supply.

The proposed project comprises the operation and expansion of the Kusadasi Port, including the financing of the $24.3 million concession payment to the GOT;  construction of a new passenger terminal;  extension of the existing berths and purchase of equipment necessary for carrying out operations of the Kusadasi Port.  The proposed project will bring Kusadasi Port operations into compliance with the International Port and Facility Security (ISPS) Code.
Otosan Project Ford Otomotiv Sanayi A.S. (Otosan or the Company) is a leading Turkish automotive manufacturer and exporter of commercial and passenger vehicles. The proposed IFC investment is up to EUR equivalent of US$150 million to partially fund Otosans capex program during the period of 2020-2024 including the launch of new commercial vehicle models, capacity expansion and other climate related investments such as (i) production of electric and hybrid cars; (ii) efficiency; and (iii) modernization and automation (the Project). The Project's expected development includes: (i) economywide and employment effects; (ii) skills/know-how development via increased technical jobs and skills development, and (iii) promotion of sector integration via product and process innovation and increasing manufacturing complexity.
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         The proposed investment entails a purchase of up to US$150 million in new notes issuances from TIB Diversified Payment Rights Finance Company (TIB DPR Company) under the existing Diversified Payment Rights (DPR) securitization program of Turkiye Is Bankasi A.S. (Isbank, or the Bank). The proceeds from IFC's investment, with a potential co-investment from the Clean Technology Fund (CTF), would support Isbank's residential mortgage lending, including green mortgages, which meet IFC's green mortgage criteria. 1)	Access to Housing Finance: IFC's funding will help improve access to housing finance to the fast growing and young population of Turkey.
 
2)	Development of the Green Mortgage Sector: IFC's investment will support increasing an awareness about green mortgages and thereby supporting further development of the sector.

3)	Reduce Greenhouse Gas Emissions: High potential to decrease greenhouse gas emissions by supporting energy efficiency in the building sector in Turkey. The project is expected to reduce total GHG emissions by about 10,000 tCO2e per year.
Arcelik LTF Arcelik A.S. (Arcelik or the Company) is a major Turkish white goods manufacturer with global operations. The proposed investment is an IFC A loan of up to EUR150 million (the IFC Loan) which will fund Arceliks working capital needs in Turkey and construction of a new all-in-one facility by Singer Bangladesh Limited (Singer), Arceliks subsidiary in Bangladesh (the Project). The Project's expected development outcome includes (i) economywide effects, through exports and job creation, and (ii) promotion of sector integration in terms of novel productive capabilities and technology transfers in Bangladesh.