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Formal Employment Creation 2 Project

Abstract*

Employment rates in the Türkiye have been lower than countries with similar levels of development. Disparities in the labor market are significant, with women, youth, and rural areas experiencing notably lower employment opportunities. The devastating Kahramanmaras earthquakes of February 2023 have further exacerbated the regional disparities in employment opportunities. Building on the successes of the Formal Employment Creation Project (FEC) (P171766)...

* 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 is to enhance the conditions for formal job creation by firms operating in earthquake affected provinces.

Key Details

Project Details

  • P507276

  • Active

  • Sirma Demir Seker , Siddharth Hari, Etkin Ozen

  • TÜRKIYE KALKINMA VE YATIRIM BANKASI A.S.

  • Turkiye

  • October 15, 2024

  • (as of board presentation)

    March 31, 2025

  • N/A

  • US$ 0.00 million

  • TÜRKIYE KALKINMA VE YATIRIM BANKASI A.S.

  • Europe and Central Asia

  • 2025

  • US$ 500.00 million

  • N/A

  • Substantial

  • March 31, 2031

  • TBD

  • BANK APPROVED

  • March 31, 2025

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 500.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 500.00
IDA Commitment N/A
IBRD + IDA Commitment 500.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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

Detailed Financial Activity as of April 30, 2025

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

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.