According to AIIB website, the project aims to support the Government of Turkey in strengthening its healthcare emergency response against the COVID-19 crisis in public hospitals across the country.
The Project will have the following components:
Component 1- Strengthening National Health system for Emergency COVID-19 Response by upgrading designated pandemic hospitals in Istanbul and public hospitals across Turkey through procurement of medical equipment (co-financed by AIIB and EBRD); and
Component 2-Project Management Support as well as Gender and Economic Inclusion (financed by EBRD only).
AIIB loan: EUR 70 million (USD 78.4 million equivalent)
EBRD loan: EUR 130 million (USD 145.6 million equivalent)
EBRD grant: EUR 0.5 million (USD 0.56 million equivalent)
BORROWER: Ministry of Treasury and Finance, Turkey
Izzet Yerdes, General Directorate of Foreign Economic Relations
IMPLEMENTATION AGENCY: Ministry of Health
Zahide Senalp, Director, Project Management Support Unit
Asian Infrastructure Investment Bank
Woo-Hyun Kwon, Senior Investment Operation Specialist
European Bank for Reconstruction and Development
Idil Gursel, Associate Director
ACCOUNTABILITY MECHANISM OF AIIB
In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.