devinitorg/iati-policy-markers huggingface dataset:
Ipek Kagit Working Capital Loan Ipek Kagit is Turkey''s leading producer of tissue paper with about 60% market share. Ipek Kagit was established by the Eczacibasi Group in 1970 as Turkey''s first large scale and modern tissue paper operation.  In 1998, Ipek Kagit undertook a US$86 million expansion and modernization project, which increased Ipek Kagits total tissue paper capacity by 50,000 tons per year (tpy) to 87,000 tpy and its converting capacity by 28,000 tpy to 53,000 tpy.       As a response to the economic crisis in Turkey which has caused a contraction in the domestic market, Ipek Kagit intends to increase its tissue paper exports substantially. Consequently, Ipek Kagit has requested IFC to provide a medium-term financing of up to US$12 million to fund its increasing export operations.     After the recent political and macro economical turmoil, interest rates in Turkey have skyrocketed 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.  Without IFCs investment, Ipek Kagit 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 global industrial tissue paper sector, the project critically supports the sustained and competitive evolution of a vital Turkish corporation.      The proposed project will have a significant development impact. IFCs support of the project is critical at a time when higher inflation, shrinking domestic demand and price increases have stagnated the economy, especially manufacturing sector, which has brought about massive layoffs, causing severe economic and social instability in the country. Ipek Kagit is internationally competitive and export about 36,000 tons of its production, resulting in over US$36 million equivalent of foreign exchange earnings per year. Through the proposed investment, IFC will support a Turkish company ride out the financial difficulties to emerge as a stronger and more competitive company in the global setting.  IFCs participation of the project would provide comfort to other foreign investors who are wary of Turkeys perceived macro-economic and political risks, and encourage additional foreign direct financing and investment in Turkey. The devaluation of the currency has made Turkeys exports more attractive.  By providing the timely export financing, IFC will help Ipek Kagit seize the market opportunity, boost export sales and most importantly equip it with the financial resources needed to explore new export avenues, thereby increasing the countrys foreign exchange earnings.
DCM Seker CB 2 The project consists of an IFC investment up to US$60 million equivalent to be invested in Turkish Liras in the new issuances of Sekerbanks Covered Bond Programme with a 5 year tenor. Proceeds of IFCs proposed investment would provide medium and long-term financing to micro, small, and medium enterprises (MSME) in Turkey.  Sekerbank was established in 1953 in Turkey by several sugar beet cooperatives to respond to their financial needs. Sekerbank held an initial public offering in 1997 and subsequently implemented a transformation program in 2002 to restructure and improve its operations. As a result, the bank became a multi-channel, diversified financial institution targeting customer segments with appropriate products and services primarily in MSME banking segment. Sekerbank services 71 of the 81 provinces in Turkey through a network of 301 branch and employs 3,818 staff member. 1. Improved access to MSME finance including the underserved agricultural sector, which will help improve financial inclusion for the MSMEs. Despite high growth, only 38% of loans to businesses in Turkey are channeled to MSMEs;   2. Creation and preservation of jobs, as experience has shown that MSMEs in Turkey grew faster than the Turkish economy, contributing significantly to employment creation;   3. Supporting investments in frontier regions of Turkey as 75 percent of the funded MSME portfolio is located outside the three major Turkish cities.
MNT Project IFC plans to provide up to US$30 million financing package, including an equity investment of up to US$15 million, to MNT Salk Hizmetleri ve Ticaret  A.S. (MNT). MNT is a leading molecular imaging and oncology services provider in Turkey, specialized in diagnosis and oncology treatment services within public and private hospitals. MNT also owns a proprietary oncology clinic in Istanbul, Neolife, which provides outpatient diagnosis and treatment services both to private patients and those covered under the countrys Social Security Institution insurance. The proposed financing will support MNT in the continued expansion of its services in Turkey, and in the region, mainly in Eastern Europe and the Middle East. MNT''s expansion in Turkey and in the region will increase availability and quality of molecular imaging and oncology treatment services in Turkey and in the target countries; where oncology is an area still hugely underserved and facing a strong increase in patient demand. MNT''s unique model of providing outsourced services within public and private hospitals enables the company to reach to a wide spectrum of patient base including the lower income segments. The project will enable creation of a regional healthcare player with high quality, ethical and corporate governance standards, attracting further foreign investor interest to the region''s healthcare sector.
DenizBank A.S. The project aims to provide financing to DenizBank A.S (DenizBank or the Bank),  a former IFC client, up to US$150 million in the form an investment in the Diversified Payments Rights (DPR) medium-term notes. The proceeds of IFC financing would be used to provide access to finance to micro, small, and medium size enterprises (MSMEs) in the agriculture sector, with partial proceeds serving underdeveloped provinces of Turkey which have been impacted by the refugee influx.  In addition, IFC is considering to establish a trade finance guarantee facility for the Bank in the amount of US$100 million under the IFC Global Trade Finance Program (GTFP). 1) Increased access to MSME finance for agribusiness MSMEs in rural areas. IFC's financing through DenizBank will provide much needed financing to local MSMEs that are engaged in agriculture, part of which would be in rural areas. The project will also provide and sustain access to finance to MSMEs affected by the COVID-19 pandemic in Turkey. 
2) Enhance competitiveness and integration. The financing will be provided through structural finance that would provide demonstration effect for raising capital at scale from multiple investors through innovative instruments such as DPRs. Landmark transaction with scalable IFI contribution and in parallel other investors contribution affirms a positive market sentiment.
Istanbul Kadikoy-Kartal Metro The proposed transaction is a EUR 50 million senior loan to Metropolitan Municipality of Istanbul (MMI) in Turkey to help finance a EUR 751 million investment for construction of the 22 km long Kadikoy-Kartal metro rail line on the Anatolian (Asian) side of Istanbul, including 16 metro stations. The project will help reduce travel times and improve mobility along one of the most congested traffic corridors on the Anatolian side of Istanbul by providing a clean, safe and efficient mode of public transit. The project and other ongoing investments to extend the citys mass transit network will help make Istanbul a more attractive business location and improve the living standards of its population.  By extending coverage of an efficient mode of public transit to the Asian side of the city, the project will help improve overall urban mobility, reduce travel times, expand the labor market, improve access to essential social services and improve the functioning of land markets, thereby contributing to increased urban productivity, economic growth and private sector development. By extending coverage of a clean and safe mode of public transit, the project will reduce dependence on road-based transport/ fossil fuels and contribute to climate change mitigation  helping reduce growth of transport related greenhouse gas emissions.  It will also contribute to improved public health outcomes through cleaner air quality and improved road safety (fewer fatalities and injuries) along the project corridor.    The project also presents an opportunity to help MMI move towards greater reliance on market-based financing for its large infrastructure investment programs, enabling the national government to free up scarce concessional resources and sovereign-guaranteed borrowing to meet the investment needs of less creditworthy municipalities.
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        The project comprises a senior loan for an amount of up to US$75 million to Turkiye Sinai Kalkinma Bankasi A.S (TSKB or the Bank), Turkey's first privately-owned development and investment bank.  Loan proceeds will be used to finance climate mitigation and adaptation projects including projects related to externalities of and investments in sustainable energy (energy efficiency, resource efficiency and renewable energy), green buildings, occupational health and safety, and  R&D investments in Turkey. The project is expected to generate a range of environmental and economic benefits related to the development of the clean energy, energy and resource efficiency project investments. Specifically, IFC's investment would: (i) improve the competitiveness of the Turkish economy by increasing the utilization of the energy, water and raw materials more efficiently; (ii) develop energy and resource efficiency and related externality investment projects, R&D investments across all sectors; and (iii) improve the local as well as the global environment through reduced emissions of conventional pollutants and GHGs.
Atilim University Atilim  University, founded in July 1997, has about 1,186 students in its three faculties (arts and sciences, management, and engineering). It also provides graduate degrees to 74 students in engineering and management. Atilim wants to become a top-ranked research institution helping students develop market-needed competencies in engineering and business.  Upon completion of its long-term investment program by the year 2010, the university expects to have three additional faculties: law, fine arts, and communications, a broader science faculty with five additional departments in the faculty of arts and sciences, and two new engineering departments. The engineering faculty will be the largest, followed by the faculty of management. Eventually, about 10% of the total 10,500 students will be enrolled in graduate programs. The project will increase enrollment in Atilim by about 1,300 students. It will add 15,000 m2 of indoor space dedicated to classrooms and laboratories for the faculties of management and engineering. In addition, this phase will include the construction of a waste water treatment facility and a power generation and distribution facility.       Development impact:    The project will help augment the delivery of quality tertiary education in Turkey and alleviate the shortage of slots in Turkish universities. With the expansion, Atilim University will begin to achieve sufficient scale to increase its research activities. The successful implementation of the project will encourage other private initiatives in tertiary education and diffuse best management and academic practices to the public and private education system.       IFC''s role   :   Turkeys financial sector has been unable to provide adequate local currency financing to support long-term investments, especially for not-for-profit institutions such as Atilim.  Financing for these institutions is limited to short-term loans at high spreads or leasing, because they are considered frontier sectors and risk assessment is complicated by their not-for-profit status.  Yet they provide important social services that are directly linked to improving the social capital of the country.  Consequently, the role of IFC is especially important, as it is the only major source of long-term project financing for these clients.  With this investment in a young private university in Turkey, IFC would demonstrate the financial viability of these institutions, structuring innovate ways for securing its loan, while applying some governance measures commonly found in well-managed private institutions.
Elazig Health The project entails the construction, operation and maintenance of an integrated health campus in Elazig, (the Project) as part of the public-private partnership (PPP) program developed by the Turkish Ministry of Health (MoH) which aims at renovating, and enhancing quality and efficiency of healthcare services in state-owned hospitals.
		    
The Project will be developed on a greenfield located on the outskirts of Elazig and will have a 1,038-bed capacity, composed of 4 hospitals: a 493-bed general hospital, a 299-bed womens and childrens hospital, a 96-bed psychiatric hospital, and a 150-bed forensic psychiatric hospital. In addition to the hospitals, there will be a 60-unit mouth and dental health clinic, technical services building, a commercial area and a helipad within the campus.
 
The construction period is 36 months, to be followed by operational period of 25 years under a project agreement. However, the EPC contractor is planning to complete the construction in 23 months which will be followed by 308 months operational period. IFC expects the following development impacts on this Project: 1) Improving patient access to high quality public health services; 2) Re-aligning bed capacities with country needs; 3) Improving efficiencies and quality in service delivery; 4) Improving energy and resource efficiency in public hospitals; 5) Value for government through the transfer of risks to the private sector; and 6) Demonstration effect for capital market issuances.
MP Izopoli Ankara Kimya Sanayii ve Ticaret Ltd. Summary Of Project Information (SPI)    Project NameTURKEY: Izopoli - MP (Montreal Protocol) ProjectRegionEurope   Sector    Project No502231   Projected Board DateOctober 2, 1998   Company NameIzopoli Yapi Elemanlari Taahhut Sanayi ve Ticaret Ltd. Sti.        Technical Partner and/or Major Shareholders    	Kiroglu Group, Ankara   	Polypag, Switzerland (50-50 JV for canister foam production)     Project Cost Including proposed IFC investment    	USD 2,760,000 (USD 1,141,500 provided as a MP grant via IFC)    Location of project and Description of site    	The project will be undertaken at Izopoli''s manufacturing facilities located in Bolu - about halfway between Istanbul and Ankara.    Description of Company and Purpose of Project    	Izopoli is the third largest Turkish manufacturer of metal clad insulation panels for the construction and cold storage industry, but the only producer in Turkey making panels with the highest possible grade of fire protection.  Izopoli is also one of the largest provider of spray-foam services in the country and is the only producer of one-component canister foams.  This project will facilitate the replacement of chlorofluorocarbons (CFCs) as the foam blowing agent in the manufacture of canister foam, spray foam and pour-in-place operations, and production of rigid polyurethane foam panels.  The project is expected to cost-effectively phase out nearly 300 tons of CFC-11 per year.  The purpose of the project is to assist the company in complying with the requirements of the Montreal Protocol and to help Turkey meet its obligations under the Protocol of freezing CFC use in 1999.    Environmental Category and Issues    	The project has been classified as Category B.  The project will eliminate CFC use by Izopoli and will avoid the use of nearly 300 tons of CFCs per year.  Use of CFCs will be replaced with (i) n-pentane in panel production, (ii) HCFC-141b (and ultimately other ODS-free agents) in spray-foam operations, and (iii) HFC-134a in production of canister foams (already complete after an interim switch to HCFC-22).  Use of pentane will involve appropriate storage and piping, installation of proper ventilation & safety measures, and worker training.    The  is  August 28, 1998 from the InfoShop.   Date SPI sent to InfoShop September 2, 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
Sarten II Project Sarten Ambalaj Sanayi ve Ticaret A.S. (Sarten or Company), founded in 1972, is an established family-owned Turkish company specializing in the manufacture of tin cans. In addition, it makes a range of plastic containers, as well as tin and plastic lids and caps for cans and jars. With various factories located in Turkey, the Company preserves a dominant market position and is the largest supplier of (i) containers for food products, (ii) aerosol cans, and (iii) containers for industrial oils. Furthermore, the Sponsors have operations in Bulgaria, Romania and Russia.     Sarten has approached IFC to secure working capital financing due to the current prevailing crisis. Ensure the sustainability of a domestic company and maintaining local employment: The Project will help a leading Turkish tin can producer to sustain its competitive edge over its peers and maintain current employment of close to 1,500. Furthermore, the Company will continue to be a source of revenues to the Government contributing to Turkeys economic performance going forward.  Improved Environmental & Operational Performance: With the Project, improved performance with respect to environmental- and social-matters will be assured while efficiency would be enhanced, which in turn will help the Company to be a benchmark for the industry.
Karaca Hydro The proposed project involves an up to US$94 million debt financing package for Kremna Elektrik Uretim A.S. (the Kremna or the Company). Kremna is a special purpose vehicle owned 100% by Gama Enerji Anonim Sirketi (Gama Enerji or the Sponsor), an IFC equity investee company.  Gama Enerji was the winning bidder at the privatization tender held on November 9, 2015, for Karacaoren-1 (32MW) and Karacaoren-2 (46.4MW) dam and hydroelectric power plants (total of 78.4MW), which have been operational for the last 23 years. The privatization is in the form of Transfer-of-Operating-Rights for 49 years.   The Project purpose of the Project is to finance: (i) acquisition consideration of TL515 million (~US$177 million); (ii) replacement and rehabilitation capital expenditures; and (iii) development, financing costs, and a 12-month DSRA. The Project''s development impact includes: (i) Supporting the Government of Turkey''s ("GoT") on-going efforts to liberalize the power market, and sending a strong signal demonstrating WBG support to the privatization of generation assets in Turkey; and (ii) With the increased efficiency in operations and consequently higher renewable generation capacity, reducing overall GHG emissions in Turkey
Mersin Port Mersin International Port (MIP or the Company) is Turkeys largest container and general cargo port and is located in Mersin in the south eastern part of the country. The Group is looking to upgrade and expand its terminal cargo handling capacity to respond to changing needs of the market. The proposed Project will help facilitate trade between the expansive hinterland of South-Eastern Turkey, the Mediterranean and the rest of the world by expanding MIP''s modern, efficient port operation. The Company''s proposed capital expenditure program will allow shipping lines to deploy larger container vessels, and therefore lower per TEU costs, benefiting shippers, shipping lines and consumers.  This would facilitate trade and assist in the continued economic development of the hinterland served by the port. The proposed capital expenditure program will also generate additional tax revenues for the Government of Turkey, as a result of increased revenues of MIP.    -	Demonstration Effect: MIP is proposing to issue the first project bond issued by a Turkish infrastructure company. The proposed transaction will have a significant demonstration effect, encouraging other Turkish infrastructure corporates to consider accessing international bond markets, which would be an important step in the development of a new source of financing for infrastructure projects. The Eurobond issue will allow MIP to maintain its leading position as a port by providing the financing to expand its capacity and deepen the draft of the facility.   -	Contribute to the development of the Turkish port sector: MIP''s continued success will enhance competition and increase the available container capacity on Turkey''s Mediterranean coastline. The expected increased container traffic and local cargo will enhance linkages with local businesses involved in transportation, warehousing, logistics, etc., many of which are small and medium size enterprises.
Korfezbank Medium Term On-Lending Facility Summary Of Project Information (SPI)       Project Name    Turkey-KORFEZBANK Capital Investments Financing Facility              Region    Europe        Sector       Project No007463   Projected Board DateMay 15, 1996   Company NameKORFEZBANK   Technical Partner and/or Major Shareholders    	Dogus Group, a Turkish conglomerate, and Qatari investors consisting of members of the Qatari royal family and the related Al-Ahli Bank.    Project Cost Including proposed IFC investment    	US$30 million, of which US$15 million will be for IFCs own account and US$15 million will be provided in the form of an IFC B Loan by FMO N.V. the Netherlands.    Location of project and Description of site    	Istanbul, Turkey    Description of Company and Purpose of Project    	KORFEZBANK is a medium-sized wholesale commercial bank.  As of December 31, 1995, the bank had total assets of US$693 million equivalent and shareholders equity of US$103 million equivalent.  The proceeds of the proposed financing package will be on-lent by the bank, to Turkish private sector companies, for financing modernization and expansion programs.    Environmental Category and Issues    	This is an environmental review category FI project.  For relevant operations, KORFEZBANK will undertake an environmental review of each subproject.       Date SPI sent to PIC     March 18, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365