devinitorg/iati-policy-markers huggingface dataset:
Mediterra CP Mediterra Capital Partners I, LP (the Fund) is a closed end private equity fund that will make investments in small to midsized private Turkish enterprises. The target fund size is  200 million, and the first closing of 100 million was held on May 27, 2011, therefore the final closing is on May 27, 2012 (with a potential 6 month extension subject to LP Advisory Board approval).  The Fund expects to make 10 to 15 investments in various sectors, including: retail, education, healthcare, industrials, automotives and logistics. Approximately 60-70% of investments will be in Istanbul and Marmara, approximately 30-40% will be in Anatolian cities, where SMEs are often underserved for equity capital. The Fund will allocate a minimum of 20 million, or 16.7% of its commitments (whichever is greater) to SMEs. (i)  Support for SMEs: IFC experience has shown that small to midcap companies can achieve higher job creation rates than large cap companies. IFC would support job creation in Turkey since Mediterra's midcap growth strategy is in full alignment with IFC's development impact goals.
(ii) Access to 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 liquidity and depth.
(iii) Private Sector Development: Mediterra will employ a hands on, value added strategy with portfolio companies. Through this knowledge sharing, new management techniques and growth strategies are incorporated by investee companies, leading to improved competitiveness and sustainability.
(iv) The Fund will seek to make investments in Anatolian cities where SMEs are often underserved for equity capital.
Mercury Project Hepsiburada.com (HB) is Turkeys largest online retail business with a diversified product offering covering more than 30 product categories. This funding round is intended to support HBs growth initiatives and expansion of its product and service offerings. i) High-skilled job creation benefiting youth and women, ii) Benefit to consumers: Online retail allow consumers to search for goods and services, combining price discovery, increased selection and convenient service iii) Logistics and supply chain development
Seker MSME Project The proposed project involves providing a 5-year senior loan of up to US$75 million to Sekerbank T.A.S. (the Bank or Sekerbank). Proceeds of the proposed investment would provide medium and long-term financing to micro, small, and medium enterprises (MSME) in Turkey. (i) Greater financial inclusion: The Project would raise the level of financial inclusion in the country by helping to scale up Sekerbank''s lending capacity to MSMEs, an underserved market;   (ii) Catalyzing growth in the MSME sector: IFC''s MSME-focused long-term funding to Sekerbank would engender positive impact by boosting economic growth; and helping create and preserve jobs, as MSMEs are a major employment source;  (iii) Stimulating competition in the banking sector: This Project would help stimulate a competitive environment in the MSME segment of the Turkish banking sector.
ACTERA PARTNERS III LP The proposed project consists of an equity investment of up to USD50 million in 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.
- Integration: (i) Through the capacity building activities of the Fund, the project will help investee companies expand their businesses abroad, promoting greater market integration. (ii) Actera III will expand access to private capital through introducing new institutional investors to Turkey.
GTLP MUFG TUR II The project (Project) is a three-year, funded risk sharing facility whereby MUFG Bank, Ltd. (MUFG) and IFC would share the risk up to 50%-50% in a portfolio of up to US$350 million of senior loans that MUFG provides to banks in the Europe, Central Asia and Türkiye Region. MUFG also uses the funds provided by IFC to invest in new Sustainable Energy Finance (SEF) projects. This Project is a renewal of prior projects. The Project is expected to provide financing to key financial intermediaries in the ECA/ Türkiye region, particularly Türkiye in the face of economic, trade, and supply chain disruptions caused by COVID-19 and other macroeconomic challenges. Indirectly, this increased capacity will also improve the availability of credit to local importers and exporters along key value chains and in a wide variety of sectors as well as increase climate-related financing.
Soktas Pamuk ve Tarim Urunlerini Degerlendirme Ticaret ve Sanayi A.S. Summary Of Project Information (SPI)       Project Name    Turkey-Soktas              Region    Europe        Sector       Project No008372   Projected Board DateNovember 30, 1997   Company NameSoktas Pamuk ve Tarim Urunlerini Ticaret ve Sanayii A.S.   Technical Partner and/or Major Shareholders    	None.    Project Cost Including proposed IFC investment    	US$33.0 million including an IFC senior loan of up to US$13 million.    Location of project and Description of site    	The project will be at the Companys existing facilities in Soke, 120 km south-east of Izmir, Turkeys largest seaport. Soke is a town located in a primarily agricultural area and has good transportation and communication facilities.        Description of Company and Purpose of Project    	Soktas, one of Turkeys leading manufacturers in the shirting business, has proposed an expansion and modernization project.  The project would increase the Companys total fabric capacity by 5 million meters up to 22.2 million meters by increasing its yarn-dyed shirting fabric capacity from about 7.2 million meters to about 12.2 million meters.  The Companys main objective is to solidify its position as one of the dominant manufacturers in the European color woven shirting fabric market.  The primary components of the investment program are: (i) in weaving, 72 new looms and a new building; (ii) in fabric finishing, additional washing, dyeing and mercerizing machines; (iii) in yarn dyeing, three winding machines; and (iv) in ring spinning, three spinning frames and two combing machines.    Environmental Category and Issues    	This is a category B project according to IFCs environmental review procedure.  Environmental issues include air emissions, liquid effluents, and solid waste disposal.  Occupational and safety issues include exposure to high temperatures and potentially hazardous aerosols.  Following appraisal, IFC has concluded that the proposed project will meet all World Bank environmental, health and safety policies and guidelines and host country requirements.      The  is  from the Public Information Center.       Date SPI sent to PIC     October 24, 1997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
TSKB Sustainable The project is to lend up to $75 million to TSKB, Turkeys first privately-owned development and investment bank.  Loan proceeds will be used to finance energy efficiency and renewable energy investments in Turkey. The project is expected to generate a range of environmental and economic benefits related to the development of the sustainable energy finance and stream of SE project investments. Specifically, the Program would: (i) develop SE investment projects across all sectors; (ii) improve the competitiveness of the Turkish economy by increasing the SE of end-user's operations; and (iv) 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.
MMI Metro Line The Project is an IFC A/B Loan of up to EUR 110 million to support Metropolitan Municipality of Istanbul (MMI) to finance the construction and electromechanical works of the 5.3 km Kabatas-Mecidiyekoy metro line including three stations. The metro line will be constructed on the European side of Istanbul and will establish an important east-west public transit axis running through seven northern districts of Istanbul and interconnecting four existing tram/metro lines. Construction of the metro project would help MMI to reduce road congestion and promote alternative environmentally-friendly modes of public transportation in Istanbul. The Project constitutes an integral part of MMI''s transportation master plan with the main goal of improving urban mobility and connectivity through an integrated, efficient and environmentally-friendly public transportation system that aims to eventually shift, from the current 13%, up to 48% of the total daily trips to rail transit by 2019. A more efficient public transportation will reduce travel times and contribute in the long run to higher productivity and economic growth in Istanbul. By alleviating congestion on the urban road network, the Project is also expected to lead to a significant reduction in CO2 emissions.
Logo Project The proposed project is a 20 million Turkish Lira (approximately US$ 10 million) corporate loan to Logo Yazlm Sanayi ve Ticaret A.. (Logo or the Company) to fund its growth plans through acquisitions and investments in product development. Logo is a leading Turkish software company that offers integrated business applications to mainly small and medium sized enterprises (SMEs). The proposed investment also includes an equity co-investment of EUR 2 million (approximately US$  3 million) with Mediterra Capital Partners I, LP (Mediterra or the Fund), a closed-end private equity fund that into which IFC invested into in 2012, through EAS Solutions Sarl (EAS Solutions or the SPV), a holding company incorporated in the Grand-Duchy of Luxembourg. -     Improved private-sector efficiency: Software development and IT services play an increasingly important role in supporting domestic growth and efficiency. ERP software solutions, such as the ones developed by Logo, are changing the manner in which businesses operate making them more efficient by enabling them to automate functions, analyze historical trends, make effective forecasts and create added value.   -     Improving SME Business Practices: Whereas international players like SAP, Oracle and Microsoft have a strong presence with large enterprises Logo has focused on the SME segment. It provides them with ERP solutions, at reasonable prices, that result in improvements in their business practices in areas such as accounting, internal controls and financial reporting. Because of its high penetration rate amongst SMEs, Logo is the largest ERP vendor in Turkey, in terms of total number of subscribers, and by expanding its product offering, this project will enable the Company to reach a wider spectrum of Turkish companies. The wider adoption of ERP solutions by SMEs will help improve compliance with the requirements of Turkish commercial, labor and tax laws, and support the Government''s effort to grow the formal economy.     -     Employment: The IT sector creates employment for highly skilled staff. Logo offers graduates the opportunity to apply their training in the development and support of ERP software both directly and through its business partners in Logo''s eco-system. Logo grooms these business partners through training and structured programs such as the Logosphere conferences.
MESA Hospital Established in 1969, MESA Housing Industries (MESA HI) is a construction and real estate development company with operations in Turkey and abroad.  The main company of the MESA Group (MESA),  MESA HI is carrying out an estimated  $45 million project to build and commission a 115-bed general tertiary level greenfield hospital in central Ankara, addressing the demand for high quality healthcare in the city.
HKA Project Heksagon Kati Atik A.S. (the Company or HKA) is the first private solid waste management company that converts municipal solid waste into commercial organomineral fertilizer in Turkey. The Company has four concession contracts in Turkey for waste management and has finished its first facility in Pamukova, Turkey. Over the course of the next three years, HKA plans to develop three new greenfield waste management facilities in Turkey (existing project and planned investments collectively the Project) (i) Being among the first of what is expected to be a series of solid waste concessions in Turkey, the Project will introduce a market based structure and establish a contractual basis for the provision of solid waste management services by the private sector in Turkey (ii) The Project will contribute towards achieving waste management targets in Turkey''s EU accession national program (iii) The Project fundamentally addresses our drivers of environmental care and agricultural growth by: a)  reducing burden on municipalities by processing 200,000 tons pa of  municipal solid waste and thereby freeing up space from landfills which have limited capacity, b) widening the use of an organic product with soil enriching nutrients, c) supporting smallholders and large farmers to maximize yields and income through increasing availability of a highly productive fertilizer, d) reducing Turkey''s dependence on fertilizer imports e) prevention of underground water pollution. (iv) The technology to treat waste reduces GHG emissions carbon footprint through the prevention of methane and carbon dioxide release caused by improperly disposed waste and displacing fossil fuel based electric generation.  In addition, the use of organic fertilizer displaces the use more carbon intensive chemical fertilizer derived from fossil fuel. The Project meets the criteria for an IFC Climate Smart investment. (v) Renewable base load electric energy generation displacing in part fossil fuel based generation
RC Ronesans Insaat Taahhut A.S. Renaissance Group is a diversified conglomerate with activities mainly in construction and real estate businesses. IFC is planning to provide a corporate revolving facility of up to US$[50-70] mln to support the working capital (WC) needs of RC Rönesans naat Taahhüt A.. (RCI, or the Borrower) and direct and indirect subsidiaries in Turkmenistan, Russia and Turkey between 2014-2017. RCI specializes in design and construction of shopping centers, offices, hotels, mixed-use facilities, heavy industry plants, infrastructure facilities and civil engineering and enjoys a ranking of 64th on the ENR Top 100 International Contractors list. 1. Employment preservation and creation; 2. SME support, by channeling funds to subcontractors through RCI; 3. Payment of taxes (directly from RCI and indirectly from subcontractors);
Gama Enerji Gama Enerji Anonim Sirketi (Gama Enerji or the Company) is a private power and water company headquartered in Turkey with operational assets in Turkey and Jordan.   The purpose of the Project is to invest in secondary shares of Gama Enerji and to subscribe to share capital increases of the Company in order to provide equity for the pipeline projects that are expected to materialize in the next 2-3 years. The expected Development Impact of the Project includes:  i) Equity contribution: Securing sufficient equity is a critical issue for Turkish sponsors in becoming owners/operators of infrastructure assets. IFC''s involvement in the Project would help achieve this not only directly but also facilitate a potential future equity raising by Gama Enerji / an IPO.  ii) Demonstration effect: IFC will be supporting the Government of Turkey''s (GoT) comprehensive strategy aimed at insuring the power sector''s financial viability through increased private sector investment in the sector. Through privatizations and creating a liberal market environment, the GoT is aiming to attract more private investments to the power sector.  iii) Economic impact: Given the strong link between growth and the consequent increase of power demand, Gama Enerji''s investments will contribute to the country''s infrastructure, and help meet the requirements of a growing economy as well as ensuring affordable electricity prices.   iv) Supporting the water sector in Turkey and in the near region: Only a portion of the population in the region is currently connected to adequate wastewater treatment facilities, and while a larger portion is served by public drinking networks there are still a number of people who are under-served.  At the same time, much of the existing water infrastructure requires rehabilitation and new water facilities are needed to keep up with urbanization, population growth and industrial water demands. While still at early stages of private participation, Gama Enerji is well placed to engage in water sector projects in Turkey and the region.   v) Promoting south-to-south investments: Based in Turkey, Gama Enerji envisages investments not only in Turkey but also in the near region. In this regard, the Company is expected to become an investment platform through which IFC will be supporting south-south investments.    vi) Lower carbon emissions: Gama Enerji envisages continuing to invest heavily in renewable energy projects which will help reducing GHG emissions. Additionally, compared to other energy sources such as coal and lignite, natural gas power generation presents a better alternative in terms of carbon emissions.
Turk Ekonomi Bankasi A.S. - II Summary Of Project Information (SPI)       Project Name    Turkey-TEB-II              Region    Europe        Sector       Project No009106   Projected Board Date   September 30, 1998   Company NameTurk Ekonomi Bankasi   Technical Partner and/or Major Shareholders    	The Colakoglu Group fully owns and controls TEB.    Project Cost Including proposed IFC investment    	Project cost - US$45 million.  The project consists of a US$45 million syndicated medium-term loan package to TEB and its leasing subsidiary.  This includes a US$15 million A Loan for IFCs account, and a US$25 million B Loan for the account of participants, both to TEB.  A C Loan of US$5 million, also for IFC''s account, would be lent jointly to the Bank and to TEB Leasing (TEBL), TEB''s subsidiary, in order to provide leasing services to small- and medium-sized enterprises (SMEs).    Location of project and Description of site    	TEB is a medium-sized bank headquartered in Istanbul, with 34 branches across the country.      Description of Company and Purpose of Project    	TEB is a commercial bank, lending primarily to medium-sized enterprises.  TEB and TEBL are part of the Colakoglu Group, one of Turkey''s largest conglomerates, with interests including financial services, steel production, shipping container production, power generation and shipping.  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 and leasing sectors, through the imposition of stringent covenants.  The loans would also lengthen the average maturity of the funding base of TEB and TEBL.    Environmental Category and Issues    	This is an environmental review category (FI) Tier 2 project.  TEB and TEBL will be required to undertake an environmental review of each sub-project.  In addition, IFC will assess the capability of TEB and TEBL to carry out environmental reviews.       Date SPI sent to InfoShop     August 26, 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
Oyak Bank II Oyak Bank (Oyak, the bank or the company) was formerly the Turk Boston Bank, which was established in 1984 as a branch of the First National Bank of Boston, then converted to a wholly-owned subsidiary in 1990, and subsequently sold to a group of local investors, including Ordu Yardimlasma Kurumu (OYAK). OYAK acquired majority ownership of the bank at the end of 1993 (it now owns 100%), and changed banks name to Oyak Bank in mid-1996.  With a strong owner and conservative management, the bank has survived nearly three years of recession in Turkey as well as a devastating financial crisis in 2001/2002 which led to nearly a dozen banks being taken over by the State Deposit Insurance Fund (SDIF). Oyak Banks merger with Sumerbank on January 11 2002, one of the banks auctioned by SDIF, is a clear sign how the Bank is committed in its growth strategy. With this merger the Banks total assets reached around $2.1 billion (pre merger total assets were around $300 million) and total shareholders equity amounted to roughly $228 million (as opposed to pro merger figure of $90 milion).
The project would consist of a flexible, multi-purpose facility, which would allow Oyak Bank to 

-  lengthen the average maturity of its liabilities, both strengthening its balance sheet and enabling it to fund longer term assets; 
-  build up its consumer finance activities; and 
-  make opportunistic acquisitions as the Turkish banking sector undergoes further consolidation.  

This would be IFCs second loan to OB; the first, a $40m syndicated facility is almost fully repaid.
Superfilm Project The Project is related to the investment programs of Sanko Holdings two subsidiaries. Superfilm is a manufacturer of packaging film, while Sanko Tekstil  is a vertically-integrated textile operation. The Project includes proposed investment by Superfilm in new production lines which will increase capacity and expand its product mix, and by Sanko Tekstil which will increase the production capacity in Gaziantep and Corlu facilities. 1)Preservation of employment in frontier region of the country: Combined Superfilm and Sanko Tekstil have around 6,000 employees most of which work in the frontier regions of Turkey. The increased capacity at Superfilm and Sanko Tekstil will enable the Borrowers to be more competitive and retain the existing work-force. 2)Exports: Superfilm and Sanko Tekstil are exporters. The investments will enable them to improve their standings in the export markets and help increase export activity and hard currency inflows into Turkey. 3)Environmental Benefits: New machines will be more energy-efficient which will increase overall energy efficiency of Superfilm and Sanko Tekstil.