devinitorg/iati-policy-markers huggingface dataset:
Oyak Bank A.S. Summary Of Project Information (SPI)       Project Name    Turkey-Oyak Bank, A.S.            Region    Europe        Sector       Project No007925   Projected Board DateFebruary 10, 1997   Company NameOyak Bank, A.S.   Technical Partner and/or Major Shareholders    	Ordu Yardimlasma Kurumu (OYAK)    Project Cost Including proposed IFC investment    	US$50 million, of which US$15 million will be for IFCs own account and US$35 million will be for the account of participants in an IFC B Loan.    Location of project and Description of site    	Istanbul, Turkey    Description of Company and Purpose of Project    	Oyak Bank is a relatively small, well-capitalized bank with an excellent track record.  It has a strong shareholder, experienced management, a sound portfolio and good financial performance.  The proposed loan would be Oyak Banks first internationally syndicated term loan.  The proceeds of the loan would be used to provide term finance to the banks corporate clients (at least 75% of the loan)and mortgage loans to its retail customers (up to 25% of the loan). The project would continue IFCs efforts to support both the Turkish banking sector and private sector enterprises.  Additionally the project would support new product development in the form of home mortgages.    Environmental Category and Issues    	This is a category FI project according to IFCs environmental review procedure.  For relevant operations, the company will be required to implement an environmental risk management system.       Date SPI sent to PIC     January 8, 1997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
Demir Finansal Kiralama, A.S. - multi-leasing (see also 7795, 7796 and 7797) Summary Of Project Information (SPI)       Project Name    Turkey-Lease Finance Program            Region    Europe        Sector       Project No007398   Projected Board DateJuly 16, 1996   Company Name(1) BNP-Ak-Dresdner Leasing (2) Demir Leasing (3) Finans Leasing (4) Toprak Leasing (5) Yapi Kredi Leasing   Technical Partner and/or Major Shareholders    	(1) BNP-Ak-Dresdner Bank (2) Demir Bank; Cingilli Holding (3) Fiba Factoring; Fiba Holding (4) Toprak Bank (5) Yapi Kredi Bank; Cukurova Group.    Project Cost Including proposed IFC investment    	US$30 million, IFC line of credit.    Location of project and Description of site    	Istanbul, Turkey    Description of Company and Purpose of Project    	This project involves a US$30 million IFC credit program to be channeled through five Turkish leasing companies; the proceeds would fund medium-term leasing of productive equipment by Turkish enterprises, particularly those in the small and medium scale sector. The proposed project includes leasing companies across the market spectrum, from start-up to relatively mature.  Each of these companies has in common strong shareholders (all are majority owned or controlled by reputable banks), strong management, good growth prospects and good financial performance.  Each company also has a sound portfolio, with little or no bad debt.  The project would be integral to IFCs ongoing efforts to support Turkeys growing leasing industry, through technical assistance, institution building, and funding.    Environmental Category and Issues    	This is a category FI project according to IFCs environmental review procedure.  For relevant operations, each leasing company will be required to implement an environmental risk management system.  In addition, IFC will assess each companys capability to conduct environmental reviews.         Date SPI sent to PIC     June 6, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
AkCez II Project The proposed investment is a senior loan to Akcez Enerji Yatirimlari Sanayi ve Ticaret A.S.(Akcez) in Turkey, which is a holding company of the electricity distribution, Sakarya Elektrik Dagatim A.S. (Sedas) and electricity supplier, Sakarya Elektrik Perakende Sats A.S (Sepas). Sedas, which was acquired through privatization in February 2009, is the exclusive electricity distributor in its license region covering provinces of  Sakarya, Bolu, Duzce and Kocaeli. Electricity supplier, Sepas, was unbundled from Sedas in 2013.  The scope of the proposed project is to: refinance the outstanding debt of USD 250mln raised in 2010 for the acquisition of Sedas, and to finance the Sedas capital expenditures in amount of approximately USD 150 mln in electricity distribution sector in the new regulatory period (2016-2020). Capital expenditures are aimed at providing continuous and high quality electricity distribution services through renewal of the distribution network and capacity increase in order to meet new customers and decrease of technical losses. - Enhancing sustainability of the private power distribution sector - Supporting investments in the sector aimed at ensuring security of supply for the growing customer base, increasing efficiency, lowering operating expenses and introducing innovation, which shall ultimately lead to higher customer satisfaction.
MEDITERRA CAPITAL PARTNERS II LP The proposed project is an equity investment of up to EUR 15 million in Mediterra Capital Partners II L.P. (Mediterra or Fund II), an England incorporated, generalist, lower mid cap, private equity fund focusing on export driven manufacturing, B2B services, industrials, technology and logistics sectors in Turkey. The Fund is targeting EUR 300 million in commitments and expects to make 8-10 investments with an average ticket size of EUR 20-30 million resulting an expected gross IRR of 20- 25%. (i)  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 through Mediterra's midcap growth strategy.
(ii) Access to long-term equity/risk capital is limited in Turkey. Midcap companies usually access short term bank loans in the absence of equity investors. IFC's investment would support Turkish companies by providing access to equity capital. 
(iii) 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
Unye Cement Summary Of Project Information (SPI)       Project Name:    TURKEY: Unye Cement      Region:Europe   Sector:   Project No:009499   Projected Board Date:June 30, 1999   Company Name:Unye Cimento Sanayi   Technical Partner and/or Major Shareholders    	The project sponsor is Unye Cimento Sanayi ("Unye" or "the Company"), an integrated cement mill located in the Eastern Black Sea coast of Turkey.  The company is publically traded with the majority shareholder being OYAK, a pension fund for the officers of the Turkish Armed Forces.  Unye began operations in 1969 and has grown to become the largest cement plant in the Eastern Black Sea coast of Turkey.      Project Cost Including proposed IFC investment    	Total project cost is estimated at US$85.2 million including IFC senior loan of up to US$25 million.    Location of project and Description of site    	The Company, located in town of Unye, is an integrated pulp and paper mill.  The site is positioned on the hill above the town and above the Black Sea coast.      Description of Company and Purpose of Project    	The project involves investments  to expand Unye''s clinker manufacturing capacity, improve the plant''s environmental standards, reduce production costs, debottleneck the plant''s operations, and help the Company meet the increasing regional demand.      The proposed project is in the Black Sea region of Turkey, a less developed region, where IFCs investment would have a substantial impact on the economic development of the region.  The Project will boost competition, which will result in better quality cement and lower prices.  In addition, the project will have an important environmental component which would enable the Company to comply with all IBRD guidelines upon project completion.    Environmental Category and Issues    	This is a category B project according to IFC''s environmental and social review procedure.  Environmental and social issues associated with this project include:  air emission control, management of solid waste and liquid effluents, sustainable raw material supply (quarry operations), and employee health and safety.  The project includes upgrades with electrostatic precipitators to control dust emissions, and is carried out as an upgrade of an existing operation without expanding the plant area.     The  is available from the InfoShop.        Date SPI sent to InfoShop:     May 28, 1999      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384  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).
Akfen Energy The proposed investment is an equity participation in Akfen Yenilenebilir Enerji A.S. (Akfen Energy or the Company), a pure renewable energy platform company set up by Akfen Holding A.S. (Akfen Holding or the Sponsor) to develop, acquire and operate a portfolio of renewable power projects in Turkey (the Project).  IFCs investment proceeds will be used to finance: (i) completion of under construction projects of the Company; and (ii) acquisition of multi-stage renewable power projects in Turkey. Through this investment, IFC will be supporting an existing client and a strategic partner which has demonstrated strong operational and management capacity in diverse sectors including ports, airports and hotels that IFC has provided financing for. The project''s development impact is expected to be through:  (i) Increased private participation in Turkeys energy sector; (ii) Support for the development of renewable energy;  (iii) Contribution to economic growth and employment of Turkey; and (iv) Demonstration effect by way of sending a positive signal to other interested potential international investors, thus expanding equity financing in the Turkish power sector.
Ronesans Holding A.S. Ronesans Holding A.S., (RHOL, or the Group), is a well-known company with operations in construction, real estate development, healthcare PPPs, and energy businesses. IFCs investment will help finance the Groups corporate funding needs for (i) Turkish healthcare PPPs and real estate operations; (ii) its expansion plans into new emerging markets including Africa, Middle East and Caucuses and (iii) strengthening its presence in infrastructure segment of the construction business across regions. (i)	Business infrastructure and infrastructure development to facilitate economic growth across the emerging markets; (ii)	Promoting south-south investments: Based in Turkey, operational mostly in CIS countries, RHOL is expected to become an investment platform through which IFC will be supporting S-S investments in EMENA and Africa regions; (iii)	Increased employment opportunities: The Group employs both qualified engineers and construction workers on sites,  from the base of pyramid including labor migrants from lower GDP per capita economies; (iv)	Supporting MSME development through subcontractors
Izmir Railcars The Project is an IFC A-Loan of up to EUR 20 million to support IMM to purchase 85 railcars for the Izmir Metro system. The investment will provide significant additional capacity to the Izmir Metro system to carry a growing passenger flow, contributing to the Citys ambitious plans to shift a major part of urban transport from road to rail. The railcars will complement the sea transportation, traffic management and the tramway projects 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. Complementing past IFC investments in the Konak and Karsiyaka tramways as well as the traffic management project, the proposed investment is expected to yield high development benefits by promoting railways as an efficient and environmentally-friendly mode of transportation. By supporting expanded metro ridership, the Project is expected to help reduce travel times and road network congestion, as well as contribute to higher urban productivity, economic growth and private sector development.  The project will also contribute to greenhouse gas reduction of 120 tonnes per annum CO2  equivalent over the medium to long term.
Earlybird Venture Capital Earlybird Digital East Fund 2012 SCA SICAR (EDEF or the Fund) is a venture capital fund dedicated to investing in early stage technology companies originating primarily in Turkey, Poland, Hungary, Slovakia, Romania, Bulgaria, Ukraine, Czech Republic and opportunistically in Former Yugoslav Republics, Southern/Eastern Mediterranean and Baltics. EDEF intends to invest in the next generation of leading companies in a number of industry sectors, with a focus on technology-enabled scalable services; web applications and online services; digital media; financial services; e-commerce, communication and mobile technologies and services; scalable IT services; IT components and green technology. (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 and the broader region as the Fund's strategy is in line with IFC's development impact goals (ii) Demonstration effect:  Support for a new fund concept (early-stage TMT VC fund) raising funds in a difficult environment (iii) Support local entrepreneurship and private sector development: Support growth and innovation in the high-growth technology/media/telecom sectors. The Fund's ability to identify best practices and superior management skills in its invested companies and subsequently disseminate them across the portfolio may lead to increased competitiveness and sustainability
OzU Project Ozyegin University (OzU or the University) is a private foundation university in Turkey, founded in 2007, and started education in 2008-2009 academic year with 210 students admitted to its Undergraduate Business Administration Program. Today, the Unievrsity has in excess of 1,700 students in its 4 faculties, 2 vocational schools and 2 graduate schools. The vision of the University is to be a financially accessible, entrepreneurial research university. Until 2011, the Unievrsity operated out a rented building in Altunizade, Istanbul.   In 2010, the University embarked on a project (the Project) to build a state-of-art campus in Cekmekoy, Istanbul (the Campus). The Campus is designed by international architects, and its first phase, which was completed in summer of 2011, has received the internationally acclaimed LEED certificate granted to environmentally friendly buildings. The University has started education in the Campus in 2011-2012 academic year, in addition to its existing site in Altunizade, Istanbul.   The Projects first phase, which was completed in the summer of 2011, comprises an academic building with 3,000 student capacity, a dormitory building with 400 student capacity, laboratories, student center, library, dining hall, auditorium and open sports and recreational activities.  The second phase of investments, which IFC will be financing, will include a new faculty building, a new dormitory and closed-area sports center. The University aims to obtain LEED certification for most of its buildings upon completion. (i) Incerased access to higher education.  (ii) Through its focus on enterprenurial research and application and industry-oriented education, support its students in establishing the SMEs of the future or taking their place in the work force with the right skill sets. (iii) Create a demosntration effect by being the first environmentally friendly university campus in Turkey, with international accreditation.  (iv) Create a center of excellence for computational finance, enterpreneurship and energy efficiency through its research centers.
TURKISH CREDIT RATING AGENCY Summary Of Project Information (SPI)       Project Name    Turkey-Credit Rating Agency              Region    Europe        Sector       Project No004960   Projected Board DateJune 15, 1996   Company NameIBAR/DCR Duff & Phelps Credit Rating, Turkey   Technical Partner and/or Major Shareholders    	The technical sponsor of the Company will be Chicago-based Duff & Phelps Credit Rating Company (D&P), one of the largest U.S. rating agencies. In recent years, D&P has expanded its operations to emerging markets and has set up joint-venture rating companies in a number of Latin American countries.  D&Ps assistance to the Company will include training of local staff, participation in rating decisions, and the provision of its name to the joint-venture.  The local partner will be the International Banking Advisory and Research Group (IBAR), a reputable independent Istanbul-based corporate research firm.    Project Cost Including proposed IFC investment    	Up to US$500,000, in equity to be paid as follows:   	40% (IBAR)   	40% (D&P)   	20% (IFC)    Location of project and Description of site    	Istanbul, Turkey    Description of Company and Purpose of Project    	The project involves the establishment of Turkeys first credit rating agency whose objective will be to provide independent professional risk assessments of corporate debt with a view to facilitating the development of an efficient market in debt instruments.  IFC has played a critical role in developing this project by first identifying a suitable local partner and then by attracting an internationally reputed technical partner.  IFCs participation will also lend credibility to this new concept in Turkey, whose success depends on its being perceived as an objective and independent organization.    Environmental Category and Issues    	This is a category C project according to IFCs environmental review procedure therefore no further environmental review is required.       Date SPI sent to PIC     April 30, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
Recordati Ilac Recordati Ilac (the Company), a fully owned Turkish subsidiary of Recordati S.p.A. (Recordati or the Sponsor), is one of the leaders in the Turkish pharmaceuticals market for urological and cardiovascular disorders. Recordati Ilac has an existing manufacturing plant in Istanbul, Turkey.  The Project involves establishment of a new pharmaceutical manufacturing plant in the Marmara region of Turkey, addressing the Companys need to relocate, expand and upgrade its existing production activities. (i) Increased availability of quality drugs in Turkey. (ii) Adoption of industry best practices as the Project will be Turkish Good Manufacturing Practices (GMP) compliant; and (iii) Import substitution: the Project is aimed at import substitution of the higher-margin products, in line with the Turkish government''s call for local production.
Revo Capital Fund I B.V. The proposed project is an investment in Revo Capital Fund I B.V., a Netherlands incorporated entity, (Revo I or the Fund), which will invest in equity and equity-linked instruments of fast-growing early stage technology companies in Turkey. 1.	Supporting innovation and technology: Revo invests in early stage technology firms, supporting and empowering entrepreneurs and innovation. 2.	Job creation and economic growth: According to IFC's experience, venture capital funds such as Revo play an important role in job creation and economic growth. 3.	Financial inclusion and access to capital: Access to long term equity capital is difficult for asset light businesses such as technology firms, and IFC commitment would provide necessary risk capital for such businesses in Turkey, where startup fund raising is not as mature as in other emerging markets 4.	Governance, operational and E&S improvements: IFC will continue guiding the fund manager and ensuring that local businesses implement best practices in various fields.
ISC-500 Istanbul IFC is considering an investment of up to US $2.0 million, as well as a US $0.5 million WeFi investment in 500 Startups Istanbul Fund II (500 Istanbul or the Fund), a Turkey-based seed fund that is raising up to 30 million to invest in early stage technology companies in Turkey and the East Europe region.  The fund will be managed by Rina Onur Sirinoglu and Enis Hulli who both have strong investment and entrepreneurial experience, having started their first fund in 2016.
FIT Solutions FIT Solutions (FIT or the Company), founded in 1999, is an e-invoicing solution company headquartered in Istanbul, Turkey. FIT provides a range of services to businesses to facilitate online factoring and invoice management in accordance with rapidly changing Turkish regulations.    IFC is considering an equity investment in FIT Solutions (the Project), which will be used to finance inorganic and organic domestic growth in addition to opportunistic international expansion. (i) Private Sector Development and E-Transformation: The investment will help support a leading provider of e-invoicing and other business e-transformation services in Turkey. FIT's services result in more efficient markets, faster transactions, cost reduction, working capital advantages for SMEs, and increased financial transparency. (ii) Access to Financial Services for SMEs: FIT will support, through its factoring platform, access to financial services to SMEs that are often underserved by banks and other financial institutions. FIT's factoring platform will enable SME clients to improve their liquidity/working capital positions and lower their financing costs.
May Seed Project The company, headquartered in Bursa-Turkey and operational since 1937, develops, produces, and distributes agricultural seeds, such as vegetable, corn, and sunflower to farmers mainly in the domestic market.  The company plans to invest in a seed production plant in Turkey and enhance its R&D capability to support its growing business. The project is expected to support the modernization and expansion of a second-tier agribusiness company in seed industry, which is historically dominated by government agencies.  The project is also expected to increase the availability of certified quality seeds and improve agricultural productivity in a country where land resources are constrained.