devinitorg/iati-policy-markers huggingface dataset:
TAXIM CAPITAL PARTNERS I LP The proposed project is an equity investment of up to EUR 18 million (~USD 20 million) in Taxim Capital (Taxim or the Fund), a Jersey incorporated, generalist, lower mid cap, first time private equity fund focusing on consumer oriented sectors (such as healthcare, education, food and non-food consumer products, etc.), business services sectors, and niche manufacturing sectors in Turkey. The Fund is targeting EUR 200 million in commitments and expects to make 8-12 investments with an average ticket size of EUR 15-20 million resulting an expected gross IRR of 25-30%. - Job Creation: IFC's experience has shown that small to midcap companies can achieve higher job creation rates than large cap companies. The Fund's midcap growth strategy is in full alignment with IFC's development impact goals. Midcap companies in Turkey grew significantly faster than the Turkish economy.
- Access to Finance: Long-term equity/risk capital is limited in Turkey. SMEs usually access short term bank loans in the absence of equity investors. IFC's investment would support Turkish companies by providing additional equity to the small /midcap market.
- The Fund also intends to  invest in companies in the Anatolian region. This will drive investments and will in turn generate employment and improve social and economic standards in Anatolia that have traditionally suffered from under-investment.
- Turkey has a much lower ratio of private equity investments to GDP compared to  its peers in the emerging markets. This highlights the scarcity of capital in Turkey and  underlines the need to support new private equity managers.
Turk Ekonomi Bankasi III TEB had unconsolidated total assets of US$1.7 billion equivalent and US$110 million in shareholders equity as of end-March 2001. The main focus of the bank is to provide short-term trade finance to a select client base, which include multinationals and leading Turkish conglomerates. The bank also has a strong private banking business, treasury operations, asset management, and is developing its retail operations.    The project would be structured in two tranches.  The first tranche, of up to US$15 million would be a subordinated convertible loan to further strengthen the balance sheet of TEB. The second tranche would be a syndicated three-year facility of up to US$20 million for IFC''s own account and up to US$80 million for the account of participant banks, depending on demand.    Through the project IFC intends to provide capital to the Turkish banking sector and provide finance to Turkish corporates for the purpose of working capital, investment and trade.     By investing in TEB, IFC would send an important signal of support to the Turkish banking system at a time when confidence is low and banking activity is severely constrained. Secondly, Turkish private corporates are constrained by lack of adequately priced finance, a sector which is critical to the recovery of Turkey from the current crisis.
Abank EE Project The proposed project consists of a senior loan facility of up to US$50 million, a possible mobilization of parallel loans of upto US$25 million, as well as US$25 million under IFC''s Managed Co-Lending Portfolio Program, to Alternatif Bank A.S. (Abank). This is to support the Banks lending program in Sustainable Energy Finance. 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)	Further develop sustainable energy investments across all industry sectors;  (ii)	 Improve the competitiveness of the Turkish economy by decreasing energy intensity and increasing the number of clean energy projects on the market;  (iii) Improve the local as well as the global environment through reduced emissions of GHGs and other conventional pollutants and reduce the country''s dependence on imports of fossil fuels and natural gas;
Sanko Climate The proposed investment consists of a senior, secured debt financing package arranged by IFC for an aggregate amount of up to US$150 million or its EUR equivalent (the IFC Financing) to the following three companies in Turkiye: (i) Sanko Tekstil Isletmeleri Sanayi ve Ticaret A.S. (Sanko Tekstil)  a vertically integrated premium yarn manufacturer; (ii) Super Film Ambalaj Sanayi ve Ticaret A.S. (Super Film)  an export-oriented flexible packaging manufacturer; and (iii) Cimko Cimento ve Beton San. Tic. A.S. (Cimko)  a leading local cement manufacturer (together, the Project Companies). The IFC Financing will partially finance (i) the construction of a ring spinning mill to be certified as a green building and a recycling facility with roof-top solar panel installations at Sanko Tekstil; (ii) the construction of a greenfield plant to be certified as a green building at Super Film, (iii) several energy efficiency and renewable energy investments at Cimko; and (iv) some earthquake recovery investments by the Project Companies (the Project). Job Creation and Exports: The Project will generate economy-wide effects including enabling growth in exports and job creation. In addition to 1,400 direct job creation at the Project Companies, close to 4,000 jobs along the value chain of the Project Companies will be supported through indirect and induced effects in less developed cities of Turkiye.   
 Reduction in the Carbon Footprint of the Turkish Manufacturing Industry: The Project will support critical exporting sectors for the Turkish economy (textiles and flexible packaging) and help greening of the operations at the Project Companies by enabling them to utilize state-of-art efficient technologies and increase renewable energy in production.   
 Competitiveness: The Project will improve competitiveness of the local textiles, flexible packaging; and cement industries by (i) supporting increased circularity and use of recycled content in production at Sanko Tekstil, (ii)  enabling capacity/product portfolio optimization at Super Film to better meet growing demand for more sustainable/environmental products in Europe; and (iii) helping implement a decarbonization strategy to increase use of renewable sources and alternative fuels with improved resource efficiency at Cimko.
Soktas Working Capital The project is a proposed working capital loan to Skotas, Turkeys leading producer of  fabric for color woven shirting, and one of the leading manufacturers in Europe in this sector.  Soktas has three principal products: (i) fine count, yarn-dyed fabric (shirting); (ii) piece-dyed  fabric (sportswear); and (iii) grey, unfinished fabrics.      The recent crisis in Turkey has severely curtailed domestic market demand in the manufacturing sector, presenting challenges for the corporate sector at large.  Soktas is attempting to mitigate the impact of falling domestic sales by increasing its exports.  With an existing export base of about US$21 million as of end 2000 (representing 40% of total sales), which is expected to grow to reach about US$34.0 million (70% of sales) as of end 2001, the company is faced with the challenge of finding dependable sources of funding to finance its increasing exports.   Exports typically require higher working capital, due to the longer receivables period, and additional inventory carrying costs. The company is funding its existing working capital requirements through short term debt financing, payable in one year, subject to rollover at renewal.  In the past, such rollovers were routinely granted but, given the present state of the Turkish economy, Soktas is finding it increasingly difficult to extend its short term debts from local or foreign banks.  Local TL loans are harder to obtain, while foreign banks have reached their Turkish exposure limits and are unwilling to extend existing or new loans.  As a result, Skotas is looking to IFC to provide a dependable and stable source of future financing for its working capital needs.  This loan would mitigate some of Soktas''s liquidity constraints and increase its export marketing capacity.     The proposed project gives IFC an opportunity to support an existing client at a critical time, when higher inflation, shrinking domestic demand and price increases have stagnated the economy, and especially the manufacturing sector. By financing Soktas''s working capital needs on a long-term basis, IFC will allow the company to focus on building its export base, while also helping it to weather out the difficulties in the domestic market. Through the proposed investment, IFC will thus support a Turkish company to emerge as a stronger and more competitive company in the global setting. IFC''s participation in the project will also provide comfort to other foreign investors who are wary of Turkey''s perceived macro economic and political risks, and will thus encourage foreign direct financing and investments in Turkey. Furthermore, the devaluation of the currency has made Turkey''s exports more attractive. By providing the timely export financing, IFC will aid the company in seizing the market opportunity, boosting its export sales, and will most importantly equip the company with the financial resources it needs to explore new avenues, thereby increasing the country''s foreign exchange earnings
Martur LTF Project Martur Sunger ve Koltuk Tesisleri Ticaret ve Sanayi A.S. (Martur or the Company) engages in design and manufacturing of seats as well as other interior parts for passenger cars and light commercial vehicles. Martur has production facilities in Turkiye, Romania, Morocco, Algeria, and Slovakia. The project entails financing of Marturs investment program in Turkiye which includes expansion and maintenance capex during the period of 2024-2027 (the Project). The expansion capex will include Marturs new machinery and equipment purchases required for its products, majority of which will be used in electric vehicle production. Economy-wide effects: The Project is expected to increase value-addition, employment, exports, and economic activity in Marturs supply chain. 
Competitiveness: The Project is expected to modernize Marturs operations, enhance firm-level productivity and develop its production lines for electric vehicle components, enabling the Company to preserve its competitive position in the global markets.
Maple II Project Mersin International Port (MIP) is the largest multi-purpose terminal in Türkiye by total throughput, providing container and conventional cargo services, as well as marine services in the southeast of the country, at the northeast corner of the Mediterranean Sea. MIP is looking to use proceeds of IFCs financing to expand its operations by increasing its berth and yard capacity as well as installing new equipment in light of anticipated capacity constraints. IFC expects the Project to generate significant stakeholder impacts in terms of (i) increased access and service quality achieved through the port's expansion; (ii) contribution to meeting the strong demand from Türkiyes diverse manufacturing industry and thereby supporting value-add and jobs; (iii) reduction in GHG emissions achieved through greening of the port infrastructure; and (iv) increased gender diversity in the workplace. The anticipated market creation effects are (i) to deepen Türkiyes connectivity to world markets by enabling the port to accommodate larger vessels; and (ii) the demonstration effect of MIPs expansion though a Green Loan as well as MIPs sustainability practices to other port projects in Türkiye and other emerging markets.
Finansbank DPR IF C proposes to purchase up to US$75 million in bonds (up to five years) issued via a Special Purpose Vehicle (SPV) under a Diversified Payment Rights (DPR) securitization structure by Finansbank in Turkey. The proceeds will be used to finance Micro, Small and Medium Enterprises (MSMEs). 1. Provide & mobilize term financing: the Project will provide a significant amount (US$150-200 million) of long-term funding to the bank, which would otherwise be difficult to obtain under current market conditions.  2. Access to finance for the underserved markets: the Project will increase access to finance for MSMEs, thereby supporting economic growth and job creation.
YKB DPR Project IFC proposes to purchase up to $75 million in bonds (up to 5 years) and act as one of the core investors to facilitate a successful issuance of a Diversified Payments Rights securitization by Yapi ve Kredi Bankasi A.S. in Turkey. The proceeds would be on-lent i) to small farmers and agribusiness companies and ii) sustainable energy financing -energy efficiency and renewable energy finance projects. - The Project would generate a range of social and economic benefits, including economic growth, higher productivity of farming and food & beverages processing, as well as enhance banking penetration in rural areas, which represent around 35 percent of Turkey's total population.
- The Project would directly support the renewable energy sector in Turkey by increasing access to long-term funding at attractive pricing levels for RE borrowers, and also contribute to a reduction of green-house gas emissions.
Women-inclusive Enterprises The proposed senior loan of up to US$100 million to Turkiye Sinai Kalkinma Bankasi A.S. (TSKB, or the Bank) aims to support Banks lending to Women-inclusive Enterprises, which are private sector mid-cap companies in Turkey that meet an established gender equality criteria. -	Increase in accessibility of finance for gender-inclusive businesses:
IFC anticipates that the Project will support TSKB to increase access to finance for women inclusive businesses, with the whole IFC's proceeds earmarked for this purpose. 
-	Improved outcomes for women employees of borrowing gender-inclusive businesses:
IFC anticipates that the Project will support TSKB's women inclusive mid-caps to support women employment and to improve the gender score.
-	Inclusiveness: 
By promoting greater gender equality through wider use of gender certification tools by the Bank's customers, this project will contribute to an increased inclusiveness of the Turkish labor market.
Izsu Wastewater The proposed IFC investment is a EUR 28 million A loan to IZSU, the Water and Sewerage Administration of the Izmir Metropolitan Municipality (IMM or the Municipality), to help finance its wastewater treatment investment program in the service area of the Metropolitan Municipality of Izmir. IZSU has an investment plan of nearly EUR 200 million for 2013-2014 including major wastewater and sludge treatment as well as water and sewerage network infrastructure projects.  The IFC loan will specifically finance the expansion of the Cigli Wastewater Treatment Plant (WWTP), for which IZSU obtained approval from the Ministry of Development and the Turkish Treasury for foreign borrowing.   The Cigli WWTP was built in 2000-01 to treat wastewater from some of the most densely populated districts of the Izmir Metropolitan Municipality, accounting for 82% of Izmirs total population. Due to rapid population growth and possible infiltration from ground and sea water, the facility currently operates near maximum capacity (605,000 cubic meters per day) and experiences overflows especially during rainy periods. Moreover, important maintenance is needed to replace some facility equipments which have exceeded their useful lives. Hence the need to construct a fourth WWTP phase, which would expand treatment capacity to 821,000 cubic meters per day, avoiding overflows and allowing to shut down earlier modules for maintenance. At the same time, IZSU intends to undertake a study to analyze possible sources of infiltration into its sewerage network. Increased wastewater treatment capacity at Cigli is expected to: - avoid overflows, benefiting the environment by reducing the risks associated with the discharge of untreated effluents; - treat the additional wastewater that will be generated by urban growth in Izmir; - allow Izsu to shut down the prior phases of Cigli WWTP, one at a time rerouting wastewater flow, to complete mandatory maintenance, as several facility assets are past their useful life; - help Turkey progress towards compliance with EU environmental standards for wastewater treatment.
Rant Leasing Summary Of Project Information (SPI)       Project Name    Turkey-Rant Finansal Kiralama A.S. (Rant Leasing)            Region    Europe        Sector       Project No007813   Projected Board DateFebruary 10, 1997   Company NameRant Finansal Kiralama A.S.   Technical Partner and/or Major Shareholders    	GSD Foreign Trade Company    Project Cost Including proposed IFC investment    	US$5 million, all for the account of IFC.    Location of project and Description of site    	Istanbul, Turkey    Description of Company and Purpose of Project    	Rant Leasing is a medium-sized, non-bank owned leasing company, whose niche is the small and medium enterprise (SME) sector in which it has a competitive advantage since its majority shareholder, GSD, represents hundreds of small manufacturers in their export transactions. The project is an integral part of the Turkey Lease Finance Program, under which IFC has provided medium-term financing to several leasing companies, either directly, or indirectly through parent banks. It continues IFCs efforts to support both the Turkish leasing industry, through funding and institutional development, and the SME sector.      Environmental Category and Issues    	This is a category FI project according to IFCs environmental review procedure.  For relevant operations, Rant Leasing will be required to implement an environmental risk management system.       Date SPI sent to PIC     January 9, 1997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
Palgaz Project Palgaz Dogal Gaz Dagitim Sanayi ve Ticaret Anonim Sirketi (Palgaz) is an incorporated joint stock company that was created on December 10, 2003 to carry out the natural gas distribution activities in Gebze per its license.  Palgaz is 89% owned by Palmet and an aggregate of 10% by the municipalities of Gebze, Tavsancil, Darica, Sekerpinar, Dilovasi and Caryirova, and with the balance owned by three Palmet employees.

The purpose of the Palgaz project is to develop, construct and operate a natural gas distribution system in the city of Gebze, located outside of Istanbul, Turkey. This will involve the construction of medium and low pressure gas distribution pipelines throughout the city and connecting residential, commercial and industrial consumers in the license areas, primarily in the first three years of the 30-year license. BOTAS, the state-owned oil and gas company, will supply natural gas to the project.
TUR-ER ISBANK The proposed financing package to Isbank consists of (i) IFC A Loans of up to US$60 million on own account (including US$10 million credit insurance); (ii) B1 Loans of up to EUR20 million and US$5 million, respectively, and (iii) parallel loans of up to EUR55 million.  The proposed investment is a part of IFCs wider earthquake response project (FIG TUR-ER, Project #48230) which entails up to US$600 million to 5 Turkish banks. The tenor of the investment is 367 days in a so called 1+1+1 year structure - if requested by Isbank, from date of 1st disbursement to be renewed annually for up to two additional extensions upon mutual agreement of IFC and the Bank. The investment will support Isbank to meet the immediate liquidity needs Farmer/Retail/Micro/Small business loans in the Earthquake Region, and further support the Bank to extend new loans to the aforementioned segments in the Region, thus supporting post-earthquake relief and recovery efforts. The Project has an AIMM rating of Good, based on an AIMM score of 53. On an unadjusted basis (i.e., without likelihood factor), the full potential AIMM score could reach 64. The most significant expected project-level outcome is increased access to finance for retail and MSME segments in the Earthquake Region. Beyond the Project, IFC anticipates that its financing will promote greater market resiliency by supporting the ability of the market to withstand shocks in the aftermath of disasters.
Arcelik III The Project consists of a US$500 million equivalent corporate investment program which supports the continued growth and strategic development of Arcelik, Turkey''s market leader in the home appliance sector.  The Project supports key corporate-wide initiatives   that allow the Company to maintain its leading position in Turkey and expand its regional presence  , including those related to the modernization of existing plants, research and development, information technology, production capacity increases, and acquisitions.  In parallel, and through support of a leading corporate model, the Project supports the strengthening and continued development of the SME sector in Turkey.  Arcelik reinforces the development of this sector through the implementation of quality management programs, technical training, and plant layout and design support for its regionally-diversified suppliers.  By supporting the Company''s acquisition program, the Project also fosters the transfer of first-class production methods and best practices to new production sites, including potentially to countries that have strong historical and economic ties with Turkey.  IFC participation in the transaction is expected to extend the availability of term lending in Turkey, by mobilizing funding from a new investor class - institutional investors- and stimulating greater participation of the commercial bank sector.  Term lending, as required by Arcelik, is not available locally at reasonable terms.
Sanko Cement The proposed project will support the expansion of the cement activities of the Sanko Group, a prominent private conglomerate in Turkey, through a financing package to Çimko, its wholly owned cement subsidiary.  Çimko, which was acquired by the Group in 1995, has an operation in Adiyaman with a clinker capacity of 620,000 tons per annum (tpa) and a cement grinding capacity of 910,000 tpa.    The project will assist Çimko fund:     - the acquisition (through privatization) of an existing cement plant located in Bartin, Turkey;   - the construction of a greenfield 3.1 million tpa cement plant in Kahraman Maras; and    - an investment program to be implemented at the Bartin and Adiyaman plants.    The project will serve predominantly the local demand in proximity to the three plants as well as exports to Iraq and Syria.  The Turkish cement sector is currently on an upswing as demand is being driven mainly by increased investments in housing and infrastructure.  The project fits well with the Sponsors overall diversification strategy from its traditional textile business.
GHP RSE Nobel The proposed IFC investment consists of a senior loan to Nobel Ilac Sanayii ve Ticaret A.S. (Nobel or the Company) in form of an A Loan up to EUR10 million or its USD or TRY equivalent. The IFC loan fits into IFCs crisis response for Covid-19 financing and will reduce Nobels working capital pressure triggered by the effects of Covid-19. That way, Nobel will uninterruptedly carry out its ongoing capex program in the areas of injectables and bio-technology.  Nobel is a Turkish generic pharmaceuticals company that produces, markets, distributes and sells products domestically and exports across Europe and Central Asia. Its product portfolio is spread across chronic, acute and consumer health therapeutic areas. Access to Pharmaceuticals: IFC will support Nobel to continue supplying high quality medication to around 50 countries. Nobel's sales are largely in Europe and Central Asia with a focus on countries such as Turkey, Bulgaria, Ukraine, Kazakhstan, Uzbekistan, and Kosovo. 
Job Preservation: IFC will support job preservation during this unprecedent time at Nobel, which has more than 1,500 employees in Turkey.
Resilience: IFC will promote resilience of the Turkish pharmaceuticals market through supporting a leading local drug maker during a pandemic. With Covid-19, the market is under significant strain as service providers face depleted supplies. IFC's support to Nobel will contribute towards strengthening the local supply chain.