📋 Tender Overview
Countries of Operation TurkeyIdentification Code OP180051Total Operation Cost 50.000.000Developmental and Regional Cooperation Impact The operation will have favorable albeit modest economic benefits for the Turkish economy the most relevant being the tax revenue gains from economic activity increase in employment increase in export capacity and competitiveness and multiplier effects for other parts of the economy. The regional cooperation element is similarly expected to be modest given the size of the loan compared to the size of Turkish economy. Other BSTDB countries are important trade partners for Turkey so to the extent SMEs benefiting from financing from the operation engage in export activities with other BSEC countries there will be regional cooperation benefits. The operation is consistent with the sectorial and operational priorities outlined in the BSTDBs Medium Term Strategy and Business Plan 2015-18 and the Country Strategy for Turkey 2015-2018. Environmental Classification and Impact summaryTKB has developed and implemented an appropriate environmental and social risk management system which is well-functioning and it is integrated in its overall risk management system. The portfolio as of 2017 indicates a large share in energy sector primarily renewables and energy efficiency - 56 manufacturing industry - 16 tourism 14 and FIs 12. The high risk operations undergo the appropriate environmental and social assessment including legal compliance review site visits and monitoring. In 2017 the Borrower revised its Environmental Management System documents in accordance with carbon footprint calculation requirements under TS EN ISO 14064-1 Greenhouse Gas Standard and Protocol. In 2018 it plans to complete the revision of system documents according to TS EN ISO 140012015 Environmental Management System Standard. Generally TKB is active in supporting initiatives related to environmental protection and climate change.
