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LOANS & CREDITS March 31, 2020

Turkey Formal Employment Creation for Refugees and Turkish Citizens

WASHINGTON, March 31, 2020 - The World Bank's Board of Executive Directors today approved:

Turkey - Formal Employment Creation Project 

IBRD Loan: Eur 316 million ($ 347.35 million equivalent)

Term: Maturity = 25 years, Grace = 10 years

Project ID: P171766

Project Description: The Project aims at enhancing the conditions for formal job creation by firms operating in provinces with high incidence of Syrian under Temporary Protection, for the benefit of refugees and host-community members.

For more information, please visit:


Tunya Celasin
Washington, DC
Kym Smithies