| Project Detail |
As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information. As per section 1.4.2 (iii) of the Directive on Access to Information: For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD. A senior unsecured loan of up to EUR 25 million or its USD equivalent, with up to 3-year final maturity, to finance digital transformation investments of the Turkish manufacturing SMEs under the Digital Transformation Financing Facility (DTFF or Programme), a blended programme established under the Financial Intermediaries Framework (FIF). Project Objectives The DTFF Programme tackles significant obstacles faced by SMEs preventing most of them from growing and becoming more competitive, such as lack of capacity to handle, sort and prioritize, adopt best industry practices, relevant industry standards and pursue innovation in various strategic and operation areas of their activities. DTFF aims to spread the use of digital technologies among Turkish SMEs through promoting and financing digital transformation to significantly boost their competitiveness. The DTFF Programme will be implemented in close cooperation with KOSGEB, which will engage Digital Transformation (DT) Consultants to conduct digital maturity assessments and develop DT actions plans (DT Roadmaps) for eligible SMEs. These action plans will aim to improve SMEs productivity and efficiency through implementation of new and improved technologies. KOSGEB is also committed to provide interest rate rebates on sub-loans disbursed under the DTFF to incentivize SMEs participating in the Programme. The rebates will be administered directly by KOSGEB to SMEs, without involvement of partner banks and the EBRD. The operation is also aligned with the second priority of Türkiye Country Strategy 2019-2024, approved by the Board on 24 July 2019: Foster Turkiyes Knowledge Economy and Higher Value-Added Activities, and Promote Good Governance. It is also aligned to the Small Business Initiative (BDS15-050). Finally, the project is consistent with the Banks Strategy for the Promotion of Gender Equality (BDS21-133 (Rev 1)) and the Equality of Opportunity Strategy ((2021-2025) BDS21-134 (Rev 1)) as it fosters people access to digital technologies and aims to address the disproportionate barriers faced by women entrepreneurs. |
