World Bank Provides Financing for Viable Micro, Small and Medium Sized Firms in Türkiye - Türkiye reliefweb.int - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reliefweb.int Daily Mail and Mail on Sunday newspapers.
World Bank to help Turkey s Organized Industrial Zones become more sustainable
Turkey’s 346 OIZs, across 81 cities, contribute to more than one-third of the country’s exports and employ 2.1 million workers - approximately one-third of total industrial employment in the country. World Bank | Washington DC | Updated: 26-01-2021 10:40 IST | Created: 26-01-2021 10:40 IST
A smaller part of the loan will also be dedicated to enhancing the competitiveness OIZs through investment in innovation and training centres linking OIZs with science and research organizations, and academia. Image Credit: ANI
A new World Bank-funded project will help Organized Industrial Zones (OIZs) in Turkey become more efficient, environmentally sustainable, and competitive. The new, $300 million Organized Industrial Zones Project for Turkey, to be implemented by the Ministry of Industry and Technology (MoIT), will support investments in basic infrastructures - such as new roads, water and gas pipelines, pow
Modern Diplomacy
Published 3 months ago
A new project will help avert the closure of viable micro and small enterprises (MSEs) affected by the health and economic shocks of the COVID-19 pandemic and maintain employment levels during the crisis. The $300 million Rapid Support for Micro and Small Enterprises Project for Turkey, implemented by the Small and Medium Enterprises Development Organization of Turkey (KOSGEB), will help people and firms by providing reimbursable support financing for manufacturing firms and other, innovative young firms focusing on manufacturing, scientific research and development, and computer programming.
The Project will provide financing in the form of performance-based reimbursable support to eligible MSEs, including innovative young firms that have been negatively impacted by COVID-19 but remain financially viable and are likely to survive the crisis, if they can access funding to meet their temporary liquidity needs.
World Bank to provide $300 mln loan for pandemic affected firms in Turkey Source: minsvyaz.ru
ANKARA (Turkey), December 21 (SeeNews) - The World Bank Group said it will provide a $300 million (246.5 million euro) loan to Turkey for the implementation of a project intended to help local micro and small enterprises (MSEs) fight the economic impact from the Covid-19 pandemic.
The project, implemented by Small and Medium Enterprises Development Organization of Turkey (KOSGEB), will provide reimbursable financing to Covid-19-affected firms focusing on manufacturing, scientific research and development, and computer programming, the World Bank said in a statement last week.
The project will pay special attention to women-owned firms, the bank added.