Skip to Main Navigation

Green Finance Project

Abstract*

The development objective of the Green Finance Project for Türkiye is to support the greening of firms through equity financing and mobilized private capital and expand climate financing in Türkiye’s capital markets. The project has a single component under which International Bank for Reconstruction and Development (IBRD) will lend to Türkiye Sınai Kalkınma Bankası (TSKB) (as borrower) and TSKB (in its capacity as sponsor and Limited Partner) will...

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

Show More

Development Objective

The development objective is to support the greening of firms through equity financing and mobilized private capital, and expand climate financing in Türkiye’s capital markets.

Key Details

Project Details

  • P178274

  • Active

  • Birgitte Berg , Etkin Ozen

  • Ministry of Treasury and Finance,Türkiye Sinai Kalkinma Bankasi (TSKB)

  • Turkiye

  • (as of board presentation)

    November 9, 2023

  • US$ 460.00 million

  • Ministry of Environment, Urbanization and Climate Change,Maxis Private Equity Portfolio Management A.S.,Türkiye Sinai Kalkinma Bankasi (TSKB)

  • February 22, 2024

  • December 31, 2029

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 155.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 155.00
IDA Commitment N/A
IBRD + IDA Commitment 155.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 460.00

Summary Status of World Bank Financing (US$ Millions) as of December 31, 2024

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

Detailed Financial Activity as of December 31, 2024

Download:
No data available.
Period Financier Transaction Type Amount (US$)
Nov 9, 2023 IBRD-96070 Loan Commitment 155,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Project Management Satisfactory 2025-01-21
Overall Implementation Progress (IP) Satisfactory 2025-01-21
Progress towards achievement of PDO Satisfactory 2025-01-21
Financial Management Satisfactory 2025-01-21
Monitoring and Evaluation Satisfactory 2025-01-21
Procurement Satisfactory 2025-01-21

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • CO2 emissions per megawatt avoided through TGF renewable energy investmentsValue0.000.001350.00
    DateJune 30, 2023January 31, 2024December 31, 2029
    Comment
  • Carbon emission intensity reduction at greening manufacturing investees through TGF investmentsValue0.000.0010.00
    DateJune 30, 2023January 31, 2024December 31, 2029
    Comment
  • Amount of investments in green or greening firmsValue0.000.00300.00
    DateJune 30, 2023January 31, 2024December 31, 2029
    Comment
  • Amount of private capital mobilized at TGF levelValue0.000.00100.00
    DateJune 30, 2023January 31, 2024December 31, 2029
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Türkiye Green Fund established with green investment frameworkValueNoNoYes
    DateJune 30, 2023January 31, 2024December 31, 2029
    Comment
  • Number of firms financed through TGFValue0.000.0020.00
    DateJune 30, 2023January 31, 2024December 31, 2029
    Comment
  • Number of women-inclusive firms financed through TGFValue0.000.006.00
    DateJune 30, 2023January 31, 2024December 31, 2029
    Comment
  • Amount of private capital mobilized at investee levelValue0.000.00150.00
    DateJune 1, 2023January 31, 2024December 31, 2029
    Comment
  • Share of enterprises that report financial and non-financial support through TGF reflected their needs through periodic surveysValue0.000.0080.00
    DateJune 30, 2023January 31, 2024December 31, 2029
    Comment