According to the Bank's website,this project will provide financing to the Turkish Private Equity Fund IV for equity and quasi-equity investments in mid-cap companies, predominantly in Turkey.
Turk Venture Partners IV will be responsible for compliance with the European Bank of Reconstruction and Development's Performance Requirements.
The Fund will be managed by Turk Venture Partners IV Limited and advised by Turk Ventures Advisory Limited.
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 email@example.com or you can submit a complaint online using an online form, 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.