devinitorg/iati-policy-markers huggingface dataset:
Eldor Electronics Turkiye A.S. -  II Summary Of Project Information (SPI)       Project Name    Turkey-Eldor Elektronics Turkiye A.S.                Region    Europe      Sector   Project No007310   Projected Board DateApril 1, 1996   Company NameEldor Elektronics Turkiye A.S.   Technical Partner and/or Major Shareholders    	Eldor S.p.A., Italy         100%    Project Cost Including proposed IFC investment    	Project Cost:  $15.36 m                                                 IFC Investment: $6.00 m    Location of project and Description of site    	Expansion of factory in Istanbul, relocation to Manisa Industrial area.    Description of Company and Purpose of Project    	Eldor Electronics Turkeiye A.S. will produce FBTs (fly-back transformers) and SMTs (switch mode transformers) for the European TV industry.  Eldor Italy plans to shift most of current production to Turkey and concentrate on automation, R&D and other emerging new products in Italy.    Environmental Category and Issues    	This is a category B project according to IFCs environmental review procedure.  Environmental issues of potential concern with this project are air emissions and workplace air quality, waste disposal, fire prevention, and employee exposure to noise.  Information provided by the project sponsor confirms that the project will use CFC free washing technology and that appropriate mitigation is included in project design to address the waste disposal, fire prevention and employee exposure to noise issues.  The project complies with all applicable Government of Turkey environmental regulations as well as applicable World Bank environmental guidelines and policies.    The  is  from the Public Information Center.       Date SPI sent to PIC     March 1, 1996      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).
YMI WC Project table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }        The proposed investment in Yapi Merkezi Holding A.S. (Yapi Merkezi, YMH, the "Company," or the Borrower) consists of an IFC A Loan of up to US$75 million and an IFC B Loan or Parallel Loan of up to US$25 million for a working capital loan to the Borrower (the Revolving Credit Facility, RCF, or the Facility). The Facility will be in the form of a US$50 million Dollar tranche and a US$50 million-equivalent Euro tranche.    The RCF will be used towards the working capital needs of YMHs 99.9%-owned subsidiary, Yapi Merkezi Construction and Industry Inc (YMI). YMI is one of the leading construction companies in Turkey operating in rail-systems. YMI also has interests in concession businesses including Eurasia Tunnel, and Dardanelles Bridge projects. The Facility will support YMI as YMI expands its construction activity in Africa, the Middle East, and Turkey (the Project). The expected development impact of the Project includes (i) help improve infrastructure, especially those of the rail-based transport networks in Middle East, Sub-Saharan Africa and North Africa and Turkey, (ii) create substantial employment opportunities since construction sector is one of the largest employment generators through contractors and sub-contractors, (iii) stimulate industries in the supply chain including building materials and logistics.
Izmir Muni Project The proposed Project aims to support the investment plan of the Metropolitan Municipality of Izmir (the "City"), focusing specifically on the following two Project components:  1. Traffic management system, including the construction of a new traffic control center and the installation of an intelligent traffic signal system to replace the current outmoded and unconnected signal controllers, thereby reducing the congestion of the urban road network.  2. Emergency response vehicles: a substantial part of the loan proceeds will be used for strengthening the Citys fleet of fire trucks and other emergency response vehicles to meet the needs of a growing city and provide a more effective response to its citizens. The installation of an Intelligent Traffic System infrastructure will contribute to the City''s efforts to create a more efficient road transportation system in Izmir, reducing travel times and fostering higher productivity and economic growth. Moreover, there will be a number of environmental and social benefits due to reduced air pollution, traffic accidents, noise and congestion in the City center. In addition, strengthening its fleet of fire trucks and other emergency vehicles will enable the City to provide a more effective response to its citizens in case of emergencies.
Eurasia Capital Partners, L.P. Eurasia Capital Partners L.P. (the Fund) is a newly-formed private equity fund that will make equity and equity-related investments in Turkish companies.  The Fund will target EUR150 million in commitments and will seek majority or control stakes, alone or with co-investors, in 8-10 mid-size companies with sustainable competitive advantage and strong growth and value-creation potential.  Investments are expected to be in a variety of sectors, including consumer goods, logistics, telecom, technology and health care. - Private sector development:   The Fund will add value to its investee companies, by providing managerial and strategic support to improve their competitiveness and sustainability.  - Implementation of best practice for corporate governance in portfolio companies:  The Fund will adopt international best practices for corporate governance and management, as well as transparency, thus fostering knowledge and skill transfer, and encouraging best practices across the industry.  - Growth in employment and labor productivity:    The Fund is expected to invest in growth stage companies that will increase employment at a high growth rate.  - Support for Small and Medium Enterprises (SMEs):    Many of the Funds investee companies are expected to be SMEs at the time of acquisition.
Astra Dorms Astra Yapi Sanayi ve Ticaret A.S., (Astra or the Company) has invited IFC to acquire equity stake in the company to support the development and operations of high-quality student housing properties that addresses the unmet demand in multiple cities of Turkey. To date, the company is the largest private dormitory operator with 2,000 beds in the Anatolian city of Afyon which were developed under a Build-Operate-Transfer (BOT) agreement with the Afyon Kocatepe University. The Company has secured an additional pipeline of 4,000 beds in 3 sites which are expected to be fully-implemented by September 2015. The pipeline is composed of a mix of BOT and fully-owned projects and is spread across 3 secondary cities with significant unmet demand for student accommodation. The project cost is estimated to reach approx US$50m and IFC is proposed to fund a portion of this investment. (i) Increase access by providing much needed education infrastructure in second tier cities, increasing access for students from out of city (especially female students) to attend these universities.  (ii) Provide value-added services to students including on-site training and career services which will enhance their post-graduation employability. (The company strives to establish links with local academic and local businesses to provide additional training and internship opportunities for students, to be better assessed at appraisal). (iii) Lead to job creation and local supply linkages both during construction and operation of the student dormitories;  (iv) Demonstration effect to encourage other financial partners and strong sponsors for similar projects.
Karsan Project The proposed investment is a senior A-Loan of up to EUR 35m (the IFC Loan) to Karsan Otomotiv Sanayii ve Ticaret A.S. (Karsan, or the Company), a Turkish manufacturer of conventional and electric light commercial vehicles (LCVs) and buses.  The IFC Loan aims at (i) refinancing Karsans transition to electric vehicles (EV) including the acquisition of EV-linked intellectual property rights; and (ii) financing working capital requirements linked to EV sales (the Project).   Karsan is a manufacturer and seller of commercial vehicles and spare parts with a special focus on conventional and electric LCVs and buses. The Company operates in four main fields: (i) strategic partnerships (including manufacturing, marketing, sales, and after-sales services for brands, which target growth in the region), (ii) contract-based production (iii) original equipment manufacturing, and (iv) integrated & industrial solutions. The Project has an Anticipated Impact Measurement and Monitoring (AIMM) rating of Good based on an AIMM score of 53. The most significant, expected project-level outcomes are: (i) economy-wide effects through value addition; (ii) an increase in exports; and (iii) job creation. Beyond the project-level outcomes, IFC anticipates that the Project will promote competitiveness by strengthening Türkiyes position in the global automotive value chains.
Earthquake Relief Facility Company NameAlternatifbank, Demirbank, Finans Bank, Kocbank, Ottoman Bank, Oyak Bank and Turk Ekonomi Bankasi Technical Partner and/or Major Shareholders.    The EarthquakeRelief Facility would comprise individual lines of credit for IFCs own account to existing banking clients of IFC in Turkey. An initial discussion with seven of these banks, namely Alternatifbank, Demirbank, Finans Bank, Kocbank, Ottoman Bank, Oyak Bank and Turk Ekonomi Bankasi, has shown strong interest. The banks are owned by the Anadolu Group, Cingillioglu Group, Fiba Group, Koc Group, Dogus Group, Oyak Group and the Colakoglu Group respectively, all strong groups with whom IFC has a long-standing relationship.    - Project Cost Including proposed IFC investment    Project cost: $50 million. The individual lines of credit would amount to IFC A loans of $7 million on average to each bank with a maximum of $15 million to each.    - Location of project and Description of site    All of the seven banks are located in Istanbul, Turkey. Several of the banks have extensive nationwide branch networks and all of the banks have exposure to the areas affected by the earthquake, namely Izmit, Bursa and Adapazari.    - Description of Company and Purpose of Project    The facility is available to the above-mentioned banks for on-lending to earthquake-affected companies. One of the main criteria of eligibility is a clearly defined prospective client pipeline. The sub loans will be directed to privately owned companies, which have been affected by the earthquake and need funding for working capital purposes, minor reconstruction and bridge funding. The sub loans must be granted to small and medium-sized companies with total assets below $10 million and should amount to below US$2 million per client. A part of the loan may, at the discretion of the banks, be utilized through their leasing subsidiaries.    - Environmental Category and Issues    This is an FI Type 2 project. Each bank will be required to undertake an environmental review of each subproject. IFC will assess each banks capability to carry out environmental reviews. Each bank will be required to submit an annual environmental performance report.        Date SPI sent to InfoShop     October 15, 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   Fax: (202) 974-4384
Denizbank Covered Bond IFC proposes to purchase of up to TRY125 million of covered bonds with a term of up to 3 years bullet to be issued by Denizbank The bonds will be direct obligation of Denizbank, and will be over-collateralized by a pool of SME loans ring-fenced for the benefit of bondholders. - Capital Markets Development: Successful issuance by Denizbank would provide additional momentum to Turkey''s capital markets by replicating the first two transactions by Sekerbank and Yapikredi. - Access to Finance for MSMEs: Help strenghten the newly opened covered bond market in Turkey and allow banks (including tier 2 banks) to raise long-term funding from domestic and international investors in order to finance MSME''s especially in the agribusiness sector.
Fibabanka Equity Fibabanka A.S. (Fibabanka or the Bank) is a medium sized bank in Turkey with a focus on SMEs. The Project involves an equity investment of up to 10% stake in Fibabanka, to support the Bank in implementing its growth strategy (the Project). The Project aims at supporting a well-managed, medium-sized Turkish Bank with a strong management to implement its growth strategy and increase access to finance for MSME''s in the Country.
Mediterra III The proposed project consists of an IFC equity commitment of up to EUR 25 million to Mediterra Capital Partners III LP (MCP III or the Fund) a closed-end private equity fund targeting investments in Türkiye. The Fund will be domiciled in Guernsey with a target size of EUR 165 million The Fund is expected to increase access to private equity capital and value creation for companies in Türkiye. Following the 2018 Lira crisis, Türkiye has experienced a notable downturn in private equity investment causing limited access to equity capital. Within this context, Mediterra will provide growth capital to mid-market companies in the country and support value creation in its portfolio through management improvement, expansion strategies and optimizing operations. Additionally, it will assist companies with macroeconomic risk management and facilitate stress testing, focusing on pricing, financials, and foreign exchange. 
Beyond the project, IFC will support the PE market to remain functioning and provide capital to growth stage companies after a decline in investment due to macroeconomic and political uncertainty. Protracted growth and poor commercial returns have driven many investors and fund managers out of the market, leaving a limited number of active players. IFCs investment with Mediterra III will support one of the mid-market fund managers to sustain activity and sends a signal to other funds seeking to raise in the region. This signal builds on IFCs recent support to other funds in the region and will help to sustain activity during the current environment, support market recovery by preserving critical market capacity, and encourage commercial investors to return to the market.
Sarten Project Sarten Ambalaj Sanayi ve Ticaret A.S. (Sarten or the company) is specialized in manufacturing small and medium-sized tin cans. In addition, it makes a range of plastic containers of similar sizes, as well as tin and plastic covers for cans and jars.  Sartens corporate investment program to be supported by IFC includes:     - capital expenditures to modernize Sartens factories in Turkey;    - support to the companys expansion to Russia and    - refinancing of part of Sartens existing debt. The project will help increase Sartens competitiveness and export capacity. The project will also enable the company to supply the customers with high quality products at affordable prices in a timely manner as a result of modernization of its plants and other efficiency improvements. Once the project is implemented, it will also support the company in its efforts to become a regional player through an investment in an affiliate in Russia, as well as expanding its Bulgarian and Romanian affiliates. This is in line with IFCs strategy to promote South-to-South investments. The investment in Russia will increase competition in the Russian packaging sector for higher quality products. In addition, the project will employ 50 new staff for its green-field expansion in Russia, and an additional 20 employees for the brown-field expansions in Turkey.
Sise Ve Cam Working Capital The project is a proposed corporate loan to the Sisecam  Group, with Sise ve Cam Fabrikalari (the holding company of the Group) as the borrower, and Trakya Cam, Pasabahce Cam, Anadolu Cam and Cam Elyaf as co-borrowers; all are long standing clients of IFC.  The co-borrowers have been identified as principal users of the loan, with indicative amounts as incremental working capital requirements allotted to each of them.  However, on disbursement of the loan, the borrower will decide on the actual amount of distribution depending on the immediate and current working capital needs of the co-borrowers.    The recent crisis in Turkey has severely curtailed domestic market demand in the manufacturing sector, presenting challenges for the corporate sector at large.  The Sisecam Group, which is dominant in the domestic glass market (67% of total sales), is attempting to mitigate the impact of falling sales by increasing exports. With an existing export base of about $330 million, which is expected to grow, the Group is faced with the challenge of finding dependable source of funding to finance its exports. Exports typically require higher working capital due to the longer receivables period and additional inventory carrying costs. The Group 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, Sisecam is finding it increasingly difficult to extend its short term debts from local or foreign banks.  Local Turkish Lira loans from Turkish Eximbank 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, the Group is looking to IFC to provide a dependable and stable source of future financing for working capital needs with a $35 million loan.  This loan would mitigate some of Sisecam''s liquidity constraints and increase its export marketing capacity.     After the recent political and macro economical turmoil, interest rates in Turkey have increased sharply and credits have become very scarce.  More importantly, local financial institutions do not provide the financial depth required for the long-term, outward looking strategic development of major corporations in Turkey.  Loan maturities exceeding even a one year range are currently not available to the Turkish market.  In addition, Turkish Eximbank does not have sufficient resources to provide Sisecam''s export credit requirements and to process the applications in a timely manner.  Without IFCs investment, the Group would be forced to rely on extremely limited, short-term and more expensive financing which would adversely affect liquidity.  In the context of the uncertain economic environment and competitive pressures in the regional glass sector, the project critically supports the sustained and competitive evolution of a vital Turkish corporation.
Enerjisa-II The proposed IFC investment will extend corporate loans to EnerjiSA Enerji Üretim A.S. (EnerjiSA or the Company), secured with its underlying portfolio of energy assets and contracts, to finance the second phase of EnerjiSAs capital investment program for the 2011 to 2014 period.  IFCs proposed investment will be in parallel with financing arranged by the the two European commercial banks WestLB headquartered in Germany and UniCredit headquartered in Italy.

The Project consists of the construction of a portfolio of one natural gas-fired thermal plant (TPP) and  according to current planning  two hydroelectric power plants (HPP) and one wind power plant (WPP)  in various locations throughout Western and Southern Turkey with total capacity of approximately 1.1 GW  with an estimated cost of $1.2 billion  (EUR1.0 billion) (Phase II), representing the second phase of  Enerjisas overall capital investment aimed at developing 5.0 GW in generation capacity by 2015. The Project will have a significant development impact as it will: (i) increase Turkey's electricity and renewable energy output and help meeting the country's growing energy demand; (ii) in doing so, reduce Turkeys reliance on coal, thereby reduce carbon intensity and contribute to the effort to reducing global warming (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.
Seker II Agri The proposed project consists of a EUR30 million unsecured senior loan of five years to Sekerbank T.A.S. (Sekerbank) for on-lending to farmers and agribusiness companies engaged primarily in agriculture and agricultural products processing in Turkey, and a potential equity investment of up to five percent of Sekerbank. In the current international financial crisis, the senior loan facility would provide with medium-term funding for on-lending to the underserved agribusiness sector. Through increased access to finance, Turkish farmers and entrepreneurs would be able to meet their funding needs and thereby contribute to economic growth and job creation, promoting better corporate governance and increased capacity.
CPLF-ModernKarto Modern Karton Sanayi ve Ticaret A.S. (Modern Karton or the Company), an existing IFC client since 1998, is engaged in manufacturing of cardboard (i.e., testliner, white-top testliner and fluting) from waste paper and straw pulp since 1998. Being the domestic leader in corrugated paper business, the Company is the flagship company of Eren Group in paper and packaging business with its operating facilities that have 600,000 tons per annum production capacity. This major player in the corrugated paper and cardboard industry in Europe and Middle East is seeking to expand its cooperation with IFC in establishing a waste water recovery system with 15,600 m3/day treatment capacity utilizing ultra filtration and reverse osmosis technologies (the Project). - Resource Efficiency: Thanks to the environmental and climate friendly benefits of the Project, at optimum capacity after implementation Modern Karton will be able to consume less fresh water and discharge less waste water per paper produced compared to the current levels.  - Demonstration Effect: The Project is likely to have strong demonstration and replication potential thanks to being a pioneering investment in the sector.
Acibadem Hospital The Acibadem Healthcare Group (Acibadem or the company), a leading private provider of healthcare services in Istanbul, Turkey, is undertaking an expansion in Istanbul and Bursa.  The project includes constructing and putting into operation two new hospitalsa 80-bed specialized oncology and neurosurgery hospital in Istanbul (Kozyatagi Hospital) and a 200-bed general hospital in Bursa (Bursa Hospital).  In the longer term, Acibadem is planning further expansion, including construction of a 200-bed general hospital to be located in the Maslak district of Istanbul (Maslak Hospital).
Fiba Sub Loan The project would provide a subordinated loan to Fibabanka A.. in Turkey (Fibabanka or the Bank) of up to $40 million to support Fibabankas strategic business plan targeting an increased focus on small and medium enterprises (SMEs) (the Project). IFC is working to mobilize an additional US$15 million from parallel lenders. The project aims at supporting a mid-tier, well managed bank in Turkey through strengthening its capital base. With increased capitalization, the Bank will be able to implement its growth strategy with a focus on the underserved SME segment in Turkey.