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Long Term Export Finance Guarantee

Abstract*

The objective of Long Term Export Finance Guarantee Project for Turkey is to improve access to longer-term finance for Export Oriented Small and Medium Enterprises (EOSMEs) and Export Oriented Mid-Cap Enterprises (EOMCEs). The project has a single component that will utilize the market finance raised by Eximbank with the support of IBRD Guarantee to extend sub-loans to eligible SME and Mid-Cap exporters. With the target of 50 percent principal cover...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Project Development Objective (PDO) is to improve access to longer-term fina nce for Export Oriented Small and Medium Enterprises (EOSMEs) and Export Oriente d Mid-Cap Enterprises (EOMCEs).

Key Details

Project Details

  • P171448

  • Closed

  • Birgitte Berg , Etkin Ozen

  • Turkey Export Credit Bank

  • Turkiye

  • June 21, 2019

  • (as of board presentation)

    June 12, 2020

  • N/A

  • US$ 547.16 million

  • Turkey Export Credit Bank

  • Europe and Central Asia

  • 2020

  • US$ 0.00 million

  • N/A

  • Not Applicable

  • June 30, 2024

  • BANK APPROVED

  • December 19, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IBRD Guarantee 273.58

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount N/A
Total Project Cost** 547.16

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)
Jul 6, 2020 IBRD-G3160 Fee Charges 9,073,589.00
May 21, 2021 IBRD-G3300 Fee Charges 3,105,625.00
May 21, 2021 IBRD-G3300 Int Charges 3,105,625.00
Jul 6, 2020 IBRD-G3160 Int Charges 9,073,589.00
Jun 12, 2020 IBRD-G3150 Loan Commitment 273,580,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Satisfactory 2024-04-26
Financial Management Satisfactory 2024-04-26
Overall Implementation Progress (IP) Satisfactory 2024-04-26
Progress towards achievement of PDO Satisfactory 2024-04-26
Project Management Satisfactory 2024-04-26
Monitoring and Evaluation Satisfactory 2024-04-26

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Ratio of the average maturity of sub-loans financed under the Project, over the average maturity of Eximbank’s loan portfolio not financed under the ProjectValuen/a5.1>1
    DateJune 1, 2020December 29, 2023June 28, 2024
    Comment
  • Number of EOSME beneficiaries financed under the Project (cumulative)Value0.00265.00350.00
    DateJune 1, 2020March 21, 2024June 28, 2024
    Comment
  • Number of EOMCE beneficiaries financed under the Project (cumulative)Value0.0040.0050.00
    DateJune 1, 2020March 21, 2024June 28, 2024
    Comment
  • Number of women-inclusive firms financed under the ProjectValue0.0089.0040.00
    DateJune 1, 2020March 21, 2024June 28, 2024
    Comment
  • Volume of support (cumulative, EUR million)Value0.00477.60500.00
    DateJune 1, 2020March 21, 2024June 28, 2024
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Volume of support to MSMEs (cumulative, EUR million)Value0.00342.00350.00
    DateJune 1, 2020March 21, 2024June 28, 2024
    Comment
  • Volume of support to women-inclusive firms (cumulative, EUR million)Value0.00158.0050.00
    DateJune 1, 2020March 21, 2024June 28, 2024
    Comment
  • Ratio of export growth of SMEs and MCEs under the project relative to export growth of their equivalent sectorValuen/a1.15>1
    DateJune 1, 2020December 29, 2023June 28, 2024
    Comment
  • Number of new exporter firms financedValue0.0023.0020.00
    DateJune 1, 2020March 21, 2024June 28, 2024
    Comment
  • Portfolio Quality: Portfolio at risk (percentage)Valuen/a0<5
    DateJune 1, 2020December 29, 2023June 28, 2024
    Comment
  • Eximbank’s compliance with prudential regulationValueYesYesYes
    DateJune 1, 2020December 29, 2023June 28, 2024
    Comment
  • Citizen Engagement: EOSMEs and EOMCEs that report project sub-finance reflected their needs (percent)Valuen/a98.9>80
    DateJune 1, 2020December 29, 2023June 28, 2024
    Comment