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Turkey - Fourth Export Finance Intermediation Loan (EFIL IV) Project : restructuring (Vol. 2) : Data sheet (Inglês)

The objectives of the Fourth Export Finance Intermediation Loan (EFIL IV) Project are: 1) to support exports by providing medium and long term working capital and investment finance to exporting firms; and 2) improve the ability of the financial sector to provide financial resources to firms through development of financial intermediaries. The project has progressed well. There are no non-performing subprojects loans, disbursements are ahead of schedule, and 12 financial intermediaries are participating in the project, including the two borrowers. Following three changes are there in the project. a) removing the limitation in the Operational Manual (OM) that Turk Eximbank provides sub-loans only in the ship building, shipyard building, and machine building sectors; b) revising the environmental framework for Turk Eximbank described in the OM; and c) replacing the outdated version of the loan agreement for the additional loan that had been inadvertently printed and signed on April 5, 2011 with the correct, updated version.




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