devinitorg/iati-policy-markers huggingface dataset:
Modern Karton Working Capital Modern Karton is  the largest private sector producer of corrugating packaging materials in Turkey, with the third largest capacity in Europe. MK is targeting sales of US$52 million this year, with exports of about US$16 million. The proposed project will be the IFC''s second project with the company, the first being for MK''s US$110 million capacity expansion program for 1998-2000, which increased the company''s production capacity from 90,000 tons p.a. to 290,000 tons p.a. Full capacity utilization by MK is expected to be reached by 2004, which, along with the increase in exports, will create additional working capital needs. The proposed investment will be used to finance the incremental working capital needs of the company until full capacity utilization is reached.    The recent crisis in Turkey has severely curtailed domestic market demand in the manufacturing sector, presenting challenges for the corporate sector at large. MK is finding that it has to increasingly rely on exports to make up for the loss in the domestic market. With an existing export base of US$4 million in 2000, which is expected to grow to US$30 million by 2004, the company is faced with the challenge of finding dependable sources of funding to finance its exports. However, the financial crisis has made access to bank financing very difficult for Turkish corporates such as MK, since interest rates have increased sharply and credits have become very scarce. Loan maturities exceeding even a one year range, are currently not available to the Turkish market and financing from the Turkish Eximbank is inadequate.  As a result, MK is requesting a medium-term working capital loan of US$10 million from the IFC to finance an increased volume of sales and inventory over the next few years. Under the circumstances, without the IFC''s investment, MK would be forced to rely on extremely limited, short-term and more expensive financing which would adversely affect its liquidity. Therefore, in the context of the uncertain economic environment and the competitive pressures in the sector, the project critically supports the sustained and competitive evolution of a vital Turkish company.      The project is expected to have the following developmental impacts, which are in line with the IFC''s mission to reduce poverty and improve people''s lives:    - support the industrial packaging sector through paper production and further investments in corrugated box manufacturing;    - increase exports for both MK and the country;   - create employment in the paper plant and related fields, such as waste paper collection and shipping;    - increase waste paper recycling and use of non-wood fibers (such as straw);   - improve energy efficiency through cogeneration, which will also benefit surrounding enterprises (that buy the excess energy produced by Modern Enerji); and    - disseminate modern technologies and advanced know-how in paper-making.
Yapi Kredi Lease Energy Efficiency The proposed project has the dual aim of expanding SMEs access to finance and promote energy efficiency among SMEs in Turkey.  The proposed project is a loan of up to $50 million equivalent to Yapi Kredi Finansal Kiralama A.O. (YKL or the company), one of IFCs longstanding partners in Turkey with extensive reach, especially in the SME market segment.  The proposed project is IFCs first significant initiative to help develop Turkeys nascent market for Energy Efficiency (EE).  The loan will finance the expansion of YKLs leasing portfolio to SMEs with a special focus on financing EE projects. 

In addition, the German development agency, Kreditanstalt für Wiederaufbau (KfW), is also considering to finance up to EUR30 million for EE related subloans on similar terms and conditions to IFCs financing. In this respect, the proposed project is part of a broader partnership between IFC and KfW to support the development of EE finance through Financial Intermediaries (FIs) in Central and Eastern Europe. The project is expected to have multiple development impacts, including: 

- Promoting EE Finance: 

IFC support in development of leasing financial products for energy efficient and renewable energy equipment will help the end users to find proper financing and to raise awareness.  

- Reduced Energy Consumption and Reduced Pollution: 

The leasing sub-projects are expected to reduce energy consumption for the relevant industries i.e. light industries (textile, printing, food), power and heat generation etc.) as well as in industrial and commercial buildings. Reduced energy consumption is a global priority, as well as important at the national level in the interest of reducing dependence on imported energy.  Investments in energy efficiency offer a cost effective way to meet growing energy demand while reducing emissions.  Benefits to environment will result from reducing pollution emissions (as a result of reduction of energy use and materials).  Reduced pollution may result in improved health and living-environment quality for those in the vicinity of the plants. Reduced pollution, particularly CO2, will also contribute to efforts to mitigate the effects of global warming. 
 
- Increasing Access to Finance for SMEs: 

This project will help expand SMEs access to critically-needed term finance for non-EE projects as well.  Leasing companies have traditionally been one of the key providers of term finance for SMEs, and this project will help make term finance available to more SMEs by working with an SME-focused leasing company.
SoktasTekstil Sanayi ve Ticaret Anonim Sirketi Soktas Tekstil Sanayi ve Ticaret Anonim Sirketi (Soktas or the company), an existing and valued IFC client, and a leading Turkish manufacturer of high-end yarn-dyed and piece-dyed shirting fabric, has approached IFC requesting support for its first investment in India.  The proposed project consists of a $83 million Greenfield investment to produce 14 million linear meters of shirting fabric annually in Kolhapur in the State of Maharashtra in Western India; the project is expected to be implemented in two phases and completed over a 5 years period.  The company has requested IFC to consider providing a long-term loan of up to $18.25 million and an equity participation of up to $2.5 million equivalent (representing approximately 10% of the share capital) in the Greenfield investment in India.  The company has also requested a long term corporate loan of up to $25 million to the existing operation in Turkey.  The corporate loan will be used: 

- for various strategic corporate investments initiatives, 
- to provide working capital for its existing operations in Turkey, and 
- to partially fund Soktas equity participation in India. Improving Efficiency and Competitiveness:  

The project will allow Soktas to upgrade its capital equipment and shift into higher value-added products, due to the increased competition in Soktas export markets, caused by the elimination of the quotas. The project is therefore expected to improve the overall competitiveness of the company and hence its financial sustainability.  The expansion of its operation in India will also allow it serve a rapidly growing new market, which is especially important after the eliminations of the import quotas in its traditional markets.

South-to-South Expansion:

The project will allow Soktas to set up an operation in India, which is in line with IFCs South-to-South strategy, and the sector strategy, which supports expansion of manufacturing capacities in cost competitive environments.  The investment in India will reduce the overall manufacturing cost of the group and improve its access to its traditional markets.

Employment:  

The project will create new jobs in Turkey and India, which will benefit the local economies of both countries. It will also provide additional direct employment with a multiplier effect along the supply chain.

Transfer of Technology and Know-How:  

The company will use the latest state of the art technology in the Indian plant, which will require significant training of the Indian work-force.
Izmir tramway The proposed investment is a EUR 55 million A loan to the Metropolitan Municipality of Izmir to help finance the construction of two new tramway lines on opposite sides of the Izmir Bay in Konak and Karsiyaka districts and the purchase of the related rolling stock.   The Konak line (F. Altay-Halkapinar) has a route length of 12.4 km, and will operate with 19 stations and 21 vehicles; while the Karsiyaka line (Mavisehir-Alaybey) has a route length of 9.6 km, and will operate with 16 stations and 17 vehicles.  The tramways will complement the sea transportation project and the traffic management project recently financed by IFC and other IFIs, with the goal to reduce road congestion and promote alternative environmentally-friendly modes of public transportation in Izmir. By construction and operation of tramways, which represent an efficient and environmentally-friendly alternative to cars, the project aims to create a more functional multi-modal public transportation system, leading to reduction in travel times and contributing in the long run to higher productivity and economic growth in Izmir. By alleviating congestion on the urban road network, the project is also expected to lead to significant environmental and social benefits, including reduction in CO2 emissions, noise and traffic in the City center.
Kordsa Global Kordsa Teknik Tekstil A.S. (Kordsa Turkey) and its subsidiaries (together with Kordsa Turkey, Kordsa) is a leading Turkish group involved in the production of industrial nylon & polyester yarn, tire cord fabric and single end cord in addition to composite and construction reinforcement materials. The proposed IFC investment is up to US$110 million to fund (i) Kordsas investment program that will be undertaken in emerging markets between 2022 and 2025 to scale up research and development activities, acquire technology, improve operational efficiency and grow product capabilities in high margin products and (ii) increased permanent working capital need (the Project). Up to 25% of the proposed IFC investment will be utilized by Kordsa Inc., a wholly owned subsidiary of Kordsa Turkey in the US, for technology acquisitions. This component will benefit Kordsas operations in various emerging markets, such as Turkey, Brazil, Indonesia and Thailand. The Project's expected development impacts include (i) higher export generation with increased sales, higher taxes; (ii) improved competitiveness of Kordsa; and (iii) job preservation and creation with skill development in a highly technical industry.
Iyzico Project Iyzico is a Turkish payment service provider (PSP) that offers ecommerce merchants an easy way to accept payments online plus various value added services such as analytics, fraud protection, and settlement. The Company was founded in May 2012 by two entrepreneurs who had previously worked at leading ecommerce payment companies in Europe. IFC is considering an equity investment of up to US$3m to help the company become of one the key payment service providers in Turkey. Facilitation of electronic payments: The investment in Iyzico will promote the development of a low cost and pervasive payment infrastructure in Turkey and the region. Making payments electronically rather than in cash has been shown to generate efficiency and promote economic development  Wider Availability of Goods and Lower Prices: PSPs are an integral part of the online payment infrastructure and are an enabler for the e-commerce sector. Therefore a good payment infrastructure will result in better availability and distribution of goods and services.
Cimko Cement II Cimko Cimento ve Beton Sanayi ve Ticaret A.S. (Cimko, theCompany) is an existing IFC client which produces cement and ready mixed concrete. The Company has two cement plants in Kahramanmaras, and Adiyaman; and various ready mix concrete plants in the Southern-Anatolian region of Turkey. The project includes efficiency improvement investments, addition of three new Ready mixed concrete plants to its existing facilities, and working capital needs of the Company. This is a brownfield-investment. The purpose of the project is to make Cimko more efficient and cost-competitive. Benefits to the employees: The IFC investment will increase the competitiveness of Cimko and preserve employment in Southeast Anatolia, least developed region in Turkey.   Increased exports: By improving its competitiveness, the Company is expected to export more of its products regionally.  Energy efficiency: Investment program, which is designed to improve energy efficiency, will enable the Company to have sizeable energy savings.
Demirbank A.S.:  Term Lending Facility Summary Of Project Information (SPI)       Project Name    Turkey-DEMIRBANK Capital Investments Financing Facility              Region    Europe        Sector       Project No007433   Projected Board DateApril 15, 1996   Company NameDEMIRBANK   Technical Partner and/or Major Shareholders    	Cingilli Holding A.S., a leading Turkish financial services group controlled by the Cingillioglu family.    Project Cost Including proposed IFC investment    	US$30 million, of which US$15 million will be for IFCs own account and US$15 million will be provided in the form of an IFC B Loan by FMO N.V. of the Netherlands.    Location of project and Description of site    	Istanbul, Turkey    Description of Company and Purpose of Project    	DEMIRBANK is a medium-sized commercial bank, wholly owned by the Cingillioglu family.  As of December 31, 1995, the bank had total assets of US$843 million equivalent and shareholders equity of US$118 million equivalent.  The proceeds of the proposed financing package will be on-lent by the bank to Turkish private sector companies for financing modernization and expansion programs.    Environmental Category and Issues    	This is an environmental review category FI project.  For relevant operations, DEMIRBANK will undertake an environmental review of each subproject.         Date SPI sent to PIC     March 13, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
TEBTierILoan The proposed investment consists of a $100 million note which would qualify as Tier I capital under relevant Turkish banking regulations.  The transaction would be the first of its kind in Turkey and would introduce a new capital instrument to the country that provides an innovative solution for banks to strengthen their capital structure. This investment is timely as IFC steps in to support the banks capital base allowing its continued lending growth.  It also introduces an efficient capital strengthening solution to the countrys banking sector.  The development impact of this investment would further include:   - creating a best practice example and supporting product innovation through IFCs work on the new instrument; - strengthening the banks capital structure and balance sheet and enabling it to expand its financial intermediation capacity, particularly to SMEs and households in a way that achieves the highest lending impact possible for each dollar of IFC investment.
Fibabanka Women The project consists of a senior loan facility of up to US$30 million to Fibabanka A.. (Fibabanka or the Bank). The proposed investment would be used to finance the Banks lending operations to women-owned SMEs (at least 50% of the facility amount) and the remaining 50% will be on-lent to other SMEs. IFC is working to mobilize funds from parallel lenders to increase the total financing package to the Bank to increase up to US$70 million. 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 Fibabanka, a well-run, mid-tier bank with a particular focus on SMEs, this project is intended to demonstrate the business opportunity presented by women enterpreneurs as an under-served market
Zorlu Disco 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 1.6 million customers. The Company is implementing its FY2017-2020 capital expenditure program of approximately US$350 million equivalent to rehabilitate, upgrade and expand its electricity distribution network (the Project). 
       
       
        The proposed investment will support the Companys FY2017-2020 capital expenditure program and will help contribute to improving the quality and reliability of the distribution network. The Project will support the Company to undertake much-needed major rehabilitation and modernization of the distribution network in the OEDAS Region, helping to improve power supply quality and reliability, reduce technical and commercial losses, and expand network access to new customers. By strengthening the network and investing in new technology, the Project will also support further integration of renewable energy and help leverage information technology to improve the Company's operational efficiency and customer service capabilities.
Is Leasing EE/RE The project would expand access to sustainable energy finance (i.e. energy efficiency and renewable energy) by working with I Finansal Kiralama A.S. (Is Leasing or the Company), a well established partner that has reach and is keenly interested strategically in developing its sustainable energy portfolio.  In particular, this project would allow IFC to expand financing for energy efficiency and to have development impact on sub-scale renewable energy projects which are not feasible for direct IFC investment.  IFC was one of the founding shareholders of Is Leasing in 1988 along with Societe Generale and Turkiye Is Bankasi A.S. (Is Bank). Is Bank became the majority shareholder in 1995 and the Company was listed on Istanbul Stock Exchange in 2000.  Is Leasing is among Turkeys leading leasing companies (fifth in terms of total assets among 48 leasing companies in Turkey as of September 30, 2012) with a market share of around six percent in new lease volume for 2012. The Company has recently prioritized SME segment as an area of growth in order diversify its portfolio. New products such as sustainable energy and renewable energy financing are seen strategically as high growth areas. The Project''s development impact is expected to be high, as it generates a range of environmental and economic benefits related to the development of sustainable energy finance and related investments. Specifically, the Project would:  (i)	develop sustainable energy investments across all industry sectors;  (ii)	improve the competitiveness of the Turkish economy by increasing the number of sustainable energy end-users and lenders;  (iii)	improve the local as well as the global environment through reduced emissions of greenhouse gases and other conventional pollutants and reduce the country''s dependence on imports of fossil fuels and natural gas; and (iv)	improve quality of life through reduced pollution and healthier living conditions.
UHG - ADM Project IFC, alongside ADM Capital (ADM) and a large European pension fund (collectively, the Consortium), is proposing to invest in Universal Saglik Yatirimlari Holding A.S. (UHG or the Company), one of Turkeys largest hospital networks and healthcare providers. 

The Consortium will provide capital to UHG to support its regional expansion across 1st and 2nd tier cities in Turkey. The project will i) improve access to quality healthcare, particularly for publicly-insured patients; and ii) contribute to government movement to better integrate private businesses into health sector. UHG's national presence is anticipated to extend the reach of services and create stable employment to specialized medical personnel, even beyond the traditional Istanbul market.  The project may also be expected to strengthen over time the position of Turkey as a healthcare tourism destination.
Ottoman Bank Summary Of Project Information (SPI)       Project Name    Turkey-Ottoman Bank              Region    Europe        Sector       Project No008625   Projected Board DateMay 2, 1998   Company NameOttoman Bank   Technical Partner and/or Major Shareholders    	 Ottoman Bank is wholly owned by Garanti Bank (99.9%), which in turn is majority owned (86%) by the Dogus Group, one of Turkeys largest conglomerates.  Garanti Bank is one of Turkeys largest private commercial banks and provides a wide range of services to both corporate and retail customers.      Project Cost Including Proposed IFC Investment    	The total project cost is US$104 million, broken down as follows: (i) IFC A Loan: US$15 million;  (ii) IFC B Loan: US$85 million;     (iii) IFC Swap Facility: US$4 million (loan equivalent amount).    Location of Project and Description of Site    	n/a    Description of Company and Purpose of Project   (include IFCs Role and Development Impact)    	The proposed project will introduce Ottoman Bank to a new class of international investors which will enable the Bank to further diversify its sources of funding and also to lengthen the maturity of its funding base.  The proceeds of the funding program would be used by the Bank to provide term finance to private sector clients.    Environmental Category and Issues    	This is a Financial Intermediary (FI) category project according to IFCs environmental review procedures.  For relevant operations, Ottoman Bank will be required to undertake an environmental review of eligible borrowers environmental performance and each sub-projects compliance with the Government of Turkeys environmental, health and safety laws, regulations and standards as well as applicable World Bank policies and guidelines.  In addition, IFC will assess Ottoman Banks capability to carry out environmental reviews.        Date SPI sent to InfoShop     April 2, 1998      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
TEB IV Sub Loan TEB is a medium size bank having 93 branches and employing over 2,200 people. The Bank is a conservatively run, high quality bank with total assets of $2.67 billion equivalent and shareholders equity of $295 million equivalent as of end December 2004. In February 2005 BNPP and Colakoglu family agreed to have 50% ownership in TEB Mali that is 84% owner of TEB. Following the strategic investor coming in, TEBs strategy will be focused on expanding its retail operations and increasing its SME lending operations.

TEB is an existing client and this is IFCs fourth project with the Bank. IFCs investment aims to support Tier 2 capital of the Bank through a subordinated loan of up to $50 million.