devinitorg/iati-policy-markers huggingface dataset:
Seker SME Covered Bond The project concept is to have a Turkish bank utilize for the first time the Turkish covered bond legislation and help develop domestic capital markets. The bond issued by the bank will be direct obligation of Sekerbank and collaterals be ring-fenced for the benefit of bondholders. The proceeds would be used to fund SMEs in Turkey. Open and create a covered bond market in Turkey and allow banks to raise long-term funding from domestic and international investors in order to finance SME's and other projects.
Banvit II Project Banvit Bandirma Vitaminli Yem Sanayi Anonim Sirketi (Banvit or the company), an integrated poultry producer and existing IFC client, is undertaking a three-year capital investment program designed to expand and modernize its existing broiler and feed milling operations, to enter into the beef sector in Turkey and to establish a hatchery in Romania. Banvit is the leading employer in Bandirma.  The company directly employs about 1,900 employees in Bandirma and Izmir and has exclusive contractual arrangements for the operation of 700 broiler and breeder farms which provide employment to numerous others. In addition to the direct benefits of the project accruing to the current employees and associated farmers, the project will support economic growth of the Bandirma region through forward and backward linkages associated with both increased poultry production and incomes of outgrowers and Banvits employees.
YKL Sustainable The project involves a six year senior loan of up to US$96 from its own accounts and up to US$32 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program. The project is intended to be used by YKL to finance eligible sustainable energy finance (SEF) projects.  YKL has been a pioneer in the SEF space in Turkey, being the first to borrow (US$50 million) from IFC to support SEF in June 2008. YKL borrowed a further US$25 million from IFC, including US$5 million from the Clean Technology Fund (CTF) in June 2010 to promote SEF. Both of these facilities are amortizing; therefore, the proposed project plans to extend another facility to support SEF, a strategic segment YKL has chosen to further grow.  Established in 1987, YKL is the leading leasing company in Turkey.  As of FYE13 YKL had total assets of US$2.2 billion on its balance sheet and registered a net income of US$73 million.  YKL has 12 branches in Turkey. In addition to its own branches, YKL utilizes Yapi Kredi Bank (YKB) for its outreach in Turkey. 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.
Sise ve Cam Expansion The Sisecam Group is one of the largest grass producers in Europe and the industry leader in Turkey.  Its companies are engaged in the production and sales of variety of glass products and glass related chemicals.  The group''s principal companies include    - Trakya Cam Sanayii A.S. (float glass);    - Pasabahce Cam Sanayii ve Ticaret A.S. (glass tableware);    - Anadolu Cam Sanayii A.S. (glass packaging);    - Cam Elyaf Sanayii A.S. (glass fiber); and    - Pasabahce Eskisehir Cam Sanayii ve Ticaret A.S. (glass tableware)    IFC will provide the proposed corporate loan to the Sisecam Group, who has had a long standing relationship with IFC, to finance its major expansion and modernization program.  Such long-term financing is not otherwise available, because the Turkish financial crisis, which started in November 2000, has caused domestic and foreign financial sources to shrink significantly.    The total amount of the capital expansion is estimated at $150 million and the project is expected to include the following:    (i)   Investments in environmental enhancements, modernization and furnace repairs of existing production lines in Turkey;   (ii)  Trakya Cam (Float Glass) furnace cold repair and modernization;   (iii)  Pasabahce-Eskisehir (Tableware) B furnace;   (iv) Cam Elyaf (Fiber Glass) expanding furnace capacity; and   (v)  Trakya Cam (Float Glass) expanding capacity in automotive glass.
GTLP SMBC TUR IV The Project is a funded risk sharing facility (the Facility) whereby Sumitomo Mitsui Banking Corporation and its affiliates (SMBC Group) and IFC would share the risk, on an up to 50-50% basis, in a portfolio of up to US$500 million of senior trade loans that SMBC Group provides to banks in the Europe and Central Asia (ECA) region. The proposed project is a renewal of prior SMBC ECA RSF projects. The proposed project is expected to provide financing to key financial intermediaries in the ECA region, particularly Türkiye in the face of economic, trade, and supply chain disruptions caused by COVID-19. 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.
TSKB Sub Loan The proposed project consists of a subordinated loan of $50 million to Turkiye Sinai Kalkinma Bankasi (TSKB or the company), Turkeys largest term-lending institution.  Founded in 1950 with assistance from the World Bank, TSKB has played an active role in Turkeys economic development and has provided medium term loans to more than 3,500 projects.  It has also invested in the equity of more than 100 companies. The purpose of this investment is to strengthen TSKBs tier II capital and thereby enable it to expand its balance sheet.  TSKB is the borrower of choice for multi-lateral credit lines and therefore, this project will enable TSKB to enhance availability of medium term funding for capital investment by Turkish private sector companies.
Turkish Private Equity Fund II L.P. Turkish Private Equity Fund II L.P. (TPEF II or the Fund) is a closed-end private equity fund formed by Turk Venture Partners Limited (Turkven or the Manager), which will make equity and equity-related investments in companies located primarily in Turkey and opportunistically in neighboring countries of Southeastern Europe and Central Asia.  Target industries will include consumer products and services, distribution, energy, healthcare, logistics, media, telecom, and technology. Project Development Impact:  - Private sector development:    The Fund will add value to its investee companies, by providing managerial and strategic support to improve their competitiveness and sustainability.  -  Adoption of best practice for corporate governance and environmental standards:   The Fund will adopt international best practices for environmental and social risk assessment and management, as well as transparency and corporate governance, thus fostering knowledge and skill transfer, and encouraging best practices across the industry.  -  Support for Small and Medium Enterprises (SMEs):   The Fund is expected to allocate a substantial part of its capital for SMEs.
Burgan Turkey SL&GTFP The Proposed investment involves a senior unsecured loan in the amount of US$40 million for IFCs own account, and additional financing mobilized through IFCs Managed Co-lending Portfolio Program (MCPP) in the amount of US$20 million to Burgan Bank S.A. Turkey. The senior loan proceeds in the total amount of US$60 million will be used by the Bank to finance eligible SMEs in Turkey. The investment will be coupled with a Trade Finance facility in the amount of US$50 million. 1) Improved access to MSME finance 2) Job creation and preservation 3) Promoting environmental and social (E&S) standards: IFC''s requirement to establish an environmental and social management system ("ESMS") will pave the way for Burgan Bank to develop and implement its own system for monitoring E&S risks.
Assan IV Project Assan Demir ve Sac Sanayii A.S. (Assan or the company), established in 1977 and part of the family-owned Kibar Group, is the largest aluminum sheet, coil, and foil manufacturer in Turkey, and also ranks amongst the top Turkish steel galvanizing companies.  

The project comprises of:

-  restructuring of the companys balance sheet; and 
-  implementing a debottlenecking and modernization program, primarily at its aluminum plant. 

As part of the project the sponsors have also committed to improve the corporate governance of Assan.  

The project will significantly improve Assans balance sheet, enable it to focus on its operations, and consolidate and further grow on its market position.
TCE Ege Konteyner Terminal Isletmeleri A.S. The project involves the development and operation of a container terminal (the Terminal) at an existing port facility in Nemrut Bay, Izmir (the Project).  The Project will be implemented by TCE Ege (the Company) based on a long-term lease agreement for the use of the stocking areas of the port facility owned by Ege Gubre as well as a priority right of use of its piers.  The Terminal is expected to have 725 meters of berth, 2 mobile harbor cranes and two ship to shore gantry cranes, a 16.5 hectare container yard, and a total capacity of around 380,000 TEUs.  The Company also has the right to increase capacity to 650,000 TEUs over time. The Project is expected to deliver considerable development impact by (i) contributing to the growth of trade and economy in a region that is important for the Turkish economy by expanding container handling capacity immediately in the Aegean region; (ii) reducing the costs of transportation, thereby benefitting shippers, shipping lines and consumers and (iii) increasing competition in the market and encouraging other terminal operators in Turkey to improve the efficiency of their own terminal facilities, thereby spurring increased trade in the region.
Gunkol/TEBA Project    :  Gunkol Gunes Enerjisi ve Klima Sanayi A.S. (Gunkol, or the Company), the white goods company of the Teba Group, is Turkeys leading profitable exporter of cooking ranges and ovens with 2000 revenues of US$60 million equivalent.  The project is a US$20 million modernization investment to (i) support the Company''s growth to satisfy the increasing international demand for quality low-cost cooking ovens, and (ii) further increase Gunkols export competitiveness through technology improvements and manufacturing cost reduction. The project will raise the Companys cooking range manufacturing capacity from 360,000 units at present to about 700,000 units, mostly for exports primarily through the rationalization of production processes and equipment modernization.  The investment will also support new product development with new designs and features in response to export market demands and specifications.  The project is expected to be completed by end-2002.     Development Impact   :  The proposed project will have a significant direct and indirect development impact on the local economy, especially since Gunkol sources products from over 300 local suppliers, mostly in the Izmir area.  While direct additional employment at Gunkol will be limited to about 40 people, the project will generate significant indirect employment for about 200 people at local suppliers who are expected to provide higher local value-added and technical inputs to Gunkol.  The gradual transformation of Gunkol into a leading global supplier through newer production and design technologies will help the Company and the local suppliers to become globally competitive through increased quality and efficiency demands of export markets.  Gunkol could also serve as a model for other Turkish manufacturing enterprises aiming to become competitive exporters to help the economy.       IFC Role   :  The project gives IFC an opportunity to support a new client in Turkey, which is a growing medium-size, second-tier, export-oriented, family-owned company not associated with any of the large industrial groups in Turkey.  Access to long-term financing in Turkey is limited, especially for second-tier companies such as Gunkol.  IFC will provide a stable longer-term funding base to the Company so that it can instead focus strategically on enhancing production efficiency and exports.  This will directly support the Turkish economy, especially in the current economic climate.
Akbank DPR 2 Akbank T.A.S. (Akbank or the Bank) is one of the leading banks in Turkey with approx. US$93 billion in consolidated assets as of June 30th, 2016. Incorporated in 1948, the Bank is 48.9 percent owned by H.Ö. Sabanc Holding, affiliated Institutions and Individuals, and has 51.1 percent free float as at June 2016. It provides financial solutions to its customers leveraging its capital base, diversified funding base, strong liquidity and asset quality, together with its non-banking subsidiaries: Ak Asset Management, Ak Investment and Ak Lease.  The Bank serves its consumer and corporate clients with a strong and extensive distribution network that utilizes both traditional and digital channels through:  ~ 14,000 Employees ~ 900 Branches Consumer and Corporate Internet Branches The Telephone Banking Center ~ 4,200 ATMs ~ 420,000 POS Terminals  The proposed project will make available a financing of up to US$250 million for the purchase of new Diversified Payment Right (DPR) notes to be issued by A.R.T.S. Ltd., a public limited company incorporated under the laws of Jersey (the IFC Investment), the proceeds of which issuance will accrue to Akbank. The proposed IFC investment will allow Akbank, a long standing partner of IFC, to raise longer term funding to support its lending operations to micro, small and medium enterprises (MSMEs) in Turkey (the Project). 1) Financial Inclusion: Turkey has been identified as one of the 25 priority countries for achieving World Bank Groups 2020 goal of Universal Access and this project is a strong contributor to achieving that goal. Turkey has an unbanked population of 24 million, which represents 0.9 percent of the world''s unbanked population. Despite high growth, only 38 percent of loans to businesses in Turkey were channeled to MSMEs. The proposed Project will leverage Akbanks extensive branch, ATM and POS network, Call Center as well as its digital and mobile banking platform to reach underserved MSMEs.  2) Capital Market Development: IFCs support of Akbanks DPR issuance will help renew market confidence in DPRs given the challenging macro environment where access to medium-long term finance by financial institutions at commercially viable pricing is limited. IFCs active participation in the Turkish capital market should help boost investor confidence.  3) Job Creation: IFC''s experience has shown that MSMEs can achieve higher job creation. MSMEs in Turkey have traditionally grown at more than twice the pace of its GDP and contributed more than 90 percent to employment creation in the country.
YKL Health. EE/RE In response to the global financial crisis and the scarcity in long-term financing, IFC is giving high priority to existing clients to support strategic sectors with potential for repeat business, especially supporting high impact activities such as health and sustainable energy (SE) sectors, which are underserved segments by financial intermediaries in Turkey.

There remains a large gap in Turkey between the strong economic and environmental potential of SE projects versus their limited commercial realization. A major cause of this gap is the perceived risk of SE investments and the lack of effective project delivery capacity and financing mechanisms. Investment is necessary but by itself not sufficient to develop, implement and finance SE projects. Other services are needed to market SE projects programmatically to aggregated sets of energy users, prepare projects for investment working through the full project cycle, and build capacities of market actors including SE equipment and service companies, FIs, energy suppliers/utilities and end-user groups.  

Despite the emergence of several large players, the private health sector in Turkey continues to be fragmented, with the majority of the providers being SMEs. Leasing in Turkey has been a major source of financing to this sector, albeit assets in this sector growing only recently at a reluctant pace given the limited appetite by financial intermediaries. There remains a large need to support financial intermediaries striving to provide SMEs access to finance on acceptable terms, which will in turn enable them to expand and modernize their operations.

This Project meets these strategic priorities both in SE and health sectors, through expanding SMEs access to finance as well as promoting SE among SMEs and indirectly contributing to the development and increased transparency of the private healthcare sector. Yapi Kredi Leasing (YKL or the Company) has a strong reach into SMEs and is keenly interested in expanding its business into health and SE. IFC will collaborate with other IFIs on an advisory services package that would provide assistance to expand the health and SE market in Turkey and particularly to Yapi Kredi Leasing in identifying, financing and monitoring these projects. There are two main areas of expected developmental impact:
(i) IFC would help one of the leading leasing companies to increase its exposure to healthcare sector of the economy in Turkey. This would further have a demonstration impact for other financial intermediaries to start looking into health sector. Indicator would be number and volume of health sector loans made by YKL during the life of the loan.
(ii) The project is also expected to generate a range of environmental and economic benefits related to the development of the sustainable energy finance and stream of Energy efficiency project investments in Turkey.
Soda Sanayii Established in 1969  Soda Sanayii (Soda or the Company)  is Turkeys sole domestic synthetic soda and chromium producer. Soda has a foothold in foreign markets, namely through its subsidiary in Bosnia Herzegovina and joint venture with Solvay in Bulgaria in the soda ash business and Chromital in Italy in the chromium segment. Soda ranks among the top 10 soda ash producers in the world and fourth in Europe, with a 15% market share.  The project entails an IFC equity investment of up to US$25 million in Soda, in which Trakya Cam Sanayii A.S. (or Trakya Cam) and Anadolu Cam Sanayii A.S. (or Anadolu Cam) will be selling shares to IFC and which in turn are expected to use the proceeds in energy efficiency investments. Sisecam (or Group) has invited IFC to become a shareholder in Soda, as part of the Groups program of eliminating cross-ownership in the Group. -IFC investment will generate positive climate change impacts in the Sisecam Group through energy efficiency investments financed by the use of the proceeds from the equity sale, particularly in areas such as waste heat recovery.  -IFC''s proposed equity investment in Soda is expected to have an important signaling effect at a difficult time in Turkish markets and enhance liquidity for Soda shares.
Ikas Project Headquartered in Ankara, Türkiye, Ikas (or the Company) is a Turkish provider of ecommerce-enablement software that serves SMEs. Ikas provides a platform with user-friendly software offering tools required to create and operate online storefronts, facilitating product sales and brand exposure.    IFC is considering an equity investment of up to US$7 million in Ikas Series A round. The funding will support Ikas expansion in Türkiye and Germany. IFC anticipates that the Project would result in improved access to e-commerce software for businesses, especially MSMEs, potentially resulting in improved access to markets and productivity gains for businesses. Beyond the Project, this investment has the potential to increase competitiveness of the market for market for e-commerce software in Turkey via innovation and competition channels.
Tiryaki Project IFC considers an investment up to $50 million A Loan to Tiryaki Agro Foods (Tiryaki or the Company), which is an integrated supply chain manager with activities in sourcing, logistics, processing, storage and marketing of agricultural products (the Project). The Company is headquartered in Istanbul, has a substantial presence in Turkey by operating plants across the country, including processing facilities in the southeast Turkish city of Gaziantep, and has international trade presence. Tiryaki is a family owned private company which is engaged in sourcing, processing, storage and trading of conventional and organic grains (wheat, barley and corn), Pulses (lentils, chickpeas, peas, beans, rice and bulgur),  Oil seeds (sunflower, sesame, kanola and soybean) and  Nuts (pistachio, almonds, walnut and peanuts)  across Europe, Africa, the Middle East, CIS countries, Indian subcontinent and America. -Supply Chain Linkages and Access to Farmers: Tiryaki sources directly from 40 farmers in Turkey through contract farming arrangements, providing them seeds and pre-financing in the process. In addition, the Company works with third-party logistics and service companies. The Project will increase the impact of the Company on SMEs along its supply chain. -Job Creation and Increased Tax Revenues for the Government: Profitable growth of Tiryaki''s business would create new jobs and increase the tax revenues to the Government. -Supporting a Regional Player: The Project will strengthen the Company`s market position, which has substantial room for consolidation, and improve its competitiveness in agribusiness sector regionally.
Farcan Enerji Uretim Anonim Sirketi The purpose of the Project is to finance a greenfield approximately 835 MW combined cycle natural gas fired power plant (CCGT) investment with an estimated project cost of about USD900 million located 50 km east of Ankara, near the city of Kirikkale, Turkey (the Project).    The proposed investment is an A Loan of up to USD125 million and a B Loan of up to USD75 million to Farcan Enerji Uretim Anonim Sirketi (Farcan Enerji or the Company), a special purpose vehicle incorporated in Turkey. Turkey Country Partnership Strategy FY2012-2015 outlines strategic objectives for fast, sustainable, equitable and inclusive growth that respects the environment. In line with this strategy, the World Bank Group aims to contribute to improved supply of reliable and efficient energy, increased use of renewable energy and climate actions under implementation.   The Project will have a significant development impact as it will: (i) increase Turkey's electricity output and help meet the country's growing energy demand and provide power supply security; (ii) in doing so, reduce Turkey's reliance on coal and lignite, thereby reduce carbon emissions in electricity generation; (iii) support power sector reform by increasing the share of private generation in Turkey's overall electricity generation in order to move towards possible EU accession and the creation of a regional energy market; and (vi) by size and nature of the transaction, influence Turkey's ability to continue to attract foreign investment in the energy sector. Through the above, the Project will positively impact the fiscal and macroeconomic stability of Turkey.