Original disclosure @ AIIB website
Updated in EWS Jul 9, 2024
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As stated by the AIIB, the project development objective is to contribute to the Republic of Turkiye's climate mitigation and adaptation goals in line with the Paris Climate Agreement.
A sovereign-backed multi-sector facility (the Phase 2 Facility) in favor of the Borrower to support Turkiye's climate mitigation and adaptation commitments under the recently ratified Paris Climate Agreement (Oct. 2021). Proceeds from the Phase 2 Facility will be on-lent in the form of Sub-loans to eligible private sector entities (the Sub-borrowers) to finance eligible climate mitigation (CM), climate adaptation (CA) and climate industry (CI) projects in Turkiye's energy, infrastructure, and other productive sectors (the Sub-projects).
The proposed Phase 2 Facility is a follow-up to the project P000132 TSKB Sustainable Energy and Infrastructure On-lending Facility (the Phase 1 Facility) which reached loan closing on April 1, 2022. The Project Closing Note was submitted to the Board on Sep. 26, 2022.
The Bank may co-finance alongside TSKB selected non-sovereign-backed Sub-projects under the Phase 2 Facility on a case-by-case basis.
The ivestment is guaranteed by the Government of Turkiye.
The AIIB categorized the project E&S risk as 'FI'.
As stated by Bloomberg, Turkiye Sinai Kalkinma Bankasi Anonim Sirketi is a private investment and development bank. The Bank offers medium and long term loans, and treasury, securities underwriting, mergers and acquisitions consulting, research, and securities brokerage services. Turkiye Sinai Kalkinma Bankasi serves customers in Turkey.
AIIB Team Leader:
Francisco-José Fortuny Carod - Senior Investment Operations Specialist
Email: fj.fortuny@aiib.org
Financial Intermediary - Turkiye Sinai Kalkinma Bankasi A.S.:
Meral Murathan - Executive Vice President, Financial Institutions & Investor Relations, Development Finance Institutions, Treasury and Loan Monitoring
Email: murathanm@tskb.com.tr
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan 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 AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó 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