According to project documents, this proposed Turkey COVID-19 Credit Line Project would provide sovereign-backed short-term credit lines to two of Turkey's development banks and existing AIIB Clients, Turkiye Sinai Kalkinma Bankasi (TSKB) and Turkiye Kalkinma ve Yatirim Bankasi (TKYB) to alleviate liquidity constraints faced by infrastructure-related companies, mid-caps and Small and Medium Enterprises serving the transport, energy, water, sustainable cities (including healthcare), information and communications technology, and eligible other productive sectors.
This project will be processed under the AIIB's COVID-19 Recovery Facility, a framework designed to assist members in responding to the COVID-19 pandemic. These credit lines will not be used for infrastructure project finance, already covered in existing AIIB Projects TSKB Sustainable Energy and Infrastructure On-lending Facility (2018) and TKYB Renewable Energy and Energy Efficiency On-Lending Facility (2019).
The expected date of board review is May 2020.
Stefan Shin / Project Team Leader and Principal Investment Officer / email@example.com
Francisco Fortuny / Project Team Leader and Private Sector Operations Specialist / firstname.lastname@example.org
Meral Murathan / Executive Vice President, Financial Institutions & Investor Relations and Development Finance Institutions
Özlem Cinemre / Executive Vice President, Treasury & Financial Institutions
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.