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LOANS & CREDITS

Turkey: Access to Finance for SMEs - Additional Financing

December 9, 2008



IBRD Loan: US$200 million
TERMS: Maturity = 30 years; Grace = 5.5 years
Project Description: The additional financing will continue to support the project’s development objective "to increase Turkish small and medium enterprises (SME) access to medium term finance". It will scale up the achievements of the original project not only during the implementation period (2008-2012), but also beyond that period as the Borrower will use the reflows repaid from the initial sub-borrowers to finance new investments before the funds are returned to the World Bank.


Media Contacts
Michael Andrew Jones
Tel : 473-2588
mjones2@worldbank.org

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