Turkey Rapid Support for Micro and Small Enterprises during the COVID-19 crisis

Abstract*

The proposed operation aims to alleviate the economic difficulties of MSEs affected by the COVID-19 crisis by providing emergency financial assistance in the form of performance-based reimbursable support to viable private manufacturing and young innovative firms to help them survive the adverse effects of the COVID-19 pandemic and resulting economic downturn, and adapt to the new operating environment. The main objective is to avert the closure of...

* 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 avert the closure of viable micro and small enterprises (MSEs) affected by the COVID-19 crisis and maintain their employment levels during the crisis.

Key Details

Project Details

  • P174144

  • Closed

  • Stefka Slavova , Ali H. Abukumail

  • Small and Medium Enterprises Development Organization of Turkey/Küçük ve Orta Ölçekli ??let

  • Turkiye

  • October 16, 2020

  • (as of board presentation)

    December 18, 2020

  • April 23, 2021

  • US$ 300.00 million

  • Small and Medium Enterprises Development Organization of Turkey/Küçük ve Orta Ölçekli ??let

  • Europe and Central Asia

  • 2021

  • US$ 300.00 million

  • N/A

  • Moderate

  • June 30, 2023

  • Yes

  • Bank Approved

  • January 1, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 300.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 300.00
IDA Commitment N/A
IBRD + IDA Commitment 300.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 300.00

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

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

Detailed Financial Activity as of October 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Financial Management Satisfactory 2022-11-24
Monitoring and Evaluation Satisfactory 2022-11-24
Overall Implementation Progress (IP) Satisfactory 2022-11-24
Procurement Satisfactory 2022-11-24
Progress towards achievement of PDO Satisfactory 2022-11-24
Project Management Satisfactory 2022-11-24

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 12-21-2023
OutcomesHighly Satisfactory
Risk to Development Outcome
Bank PerformanceHighly Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 06-03-2024PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingHighly Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Share of beneficiary MSEs that survive the COVID-19 crisis for at least six months after receiving performance-based reimbursable support financingValue0.0097.6325.00
    DateJuly 27, 2020October 5, 2022May 31, 2022
    Comment
  • Share of beneficiary innovative young firms that survive the COVID-19 crisis for at least six months after receiving performance-based reimbursable support financingValue0.0096.9720.00
    DateJuly 27, 2020October 5, 2022May 31, 2022
    Comment
  • Share of beneficiary surviving MSEs that increase employment relative to the average employment level of the MSE for the 12-month period preceding on which the app [see description for full name]Value0.0083.1725.00
    DateJuly 27, 2020October 5, 2022May 31, 2022
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • KOSGEB Firm Engagement: Beneficiary firms reporting that the provided reimbursable support financing reflected their needsValue0.0090.0030.00
    DateJuly 27, 2020June 30, 2022January 31, 2022
    Comment
  • KOSGEB Firm Engagement: Beneficiary young firms reporting that the provided reimbursable support financing reflected their needsValue0.0086.0030.00
    DateJuly 27, 2020June 30, 2022May 31, 2022
    Comment
  • Of applicants that are female-led or -owned MSEs or with female majority workforce, share that meet the eligibility criteria and receive reimbursable support financingValue0.0062.0020.00
    DateJuly 27, 2020June 30, 2022May 31, 2022
    Comment
  • Of applicants that are female-led or -owned young innovative MSEs or with female majority workforce, share that meet the eligibility criteria and receive reimbursable support financingValue0.0078.0020.00
    DateJuly 27, 2020June 30, 2022May 31, 2022
    Comment