Early Warning System

Countries

Turkiye

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Government of Turkiye - Ministry of Industry and Technology (MoIT)

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Industry and Trade
Law and Government
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 30, 2025

Disclosed by Bank Feb 18, 2025

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the Corporate Governance Assistance Programme for Turkish small and medium sized enterprises (SMEs) and mid-cap companies aims to support their growth and competitiveness by addressing challenges such as limited access to expertise, finance, and professional management. The European Bank for Reconstruction and Development (EBRD) has collaborated with Turkiye's Ministry of Industry and Technology (MoIT) to develop this programme, which aligns with the goals of the Industry and Technology Strategy 2023. The programme highlights the importance of corporate governance for these companies, particularly in the aftermath of the Covid-19 pandemic, to improve risk management, business continuity, and access to capital.

The TC project objective is to develop the Programme in cooperation with MoIT and deliver tailored corporate governance assistance to selected medium-sized (ME) and mid-cap companies as Ultimate Beneficiaries of the Programme.

The Project is envisaged as a multi-year programme in which the advisory services would be delivered in line with the EBRD ASB project methodology through engaging local consultants and international advisers; upon the request of interested MEs and mid-caps, and upon a positive grant decision following an eligibility assessment.

Pillar 1 will involve the following Phases:

Phase 1 - Market assessment to identify enterprise needs in the area of corporate governance to inform Programme design;

Phase 2 - Programme preparation, including capacity building and awareness raising; and

Phase 3 - Delivery of a pilot corporate governance advisory Programme.

In particular, it is envisaged that under Pillar 1, the consultants that will be retained by EBRD will perform a market assessment to identify target companies and their needs in the area of corporate governance to inform Programme design as well as all activities related to Programme preparation, including developing eligibility criteria for beneficiaries and services that will be provided and conducting related capacity building and awareness raising initiatives. Subject to availability of funds, this may be followed by a delivery of a pilot corporate governance advisory under the Programme.

Pillar 2 will be dedicated to actual delivery of advisory services under the Programme, while for Pillar 3 additional internal consultants will be sought to assist with the coordination of various EBRD teams and external stakeholders (e.g. MoIT and its agencies) during Programme preparation and provide support in the subsequent roll out and implementation of the Programme.

Pillars 1 and 3 will therefore be implemented by consultants for which separate Terms of Reference will be drafted and submitted to Grant Review, whereas Pillar 2 advice delivery is planned to be provided using ASB delivery mechanisms.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Investment type and amount not available at the time of disclosure.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html