Export Finance Intermediation Loan (EFIL)

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The Export Finance Intermediation Loan (EFIL) Project's primary objective is to provide short and medium term working capital and investment finance to private exporting enterprises to assist the Turkish exporting sector hurt by the recent global financial crisis. The secondary objective for long term sectoral development is that the EFIL structure enables a strategic dialogue and close interaction with the major banks and the Bankers Association in Turkey. The project consists of two components. The first, financing of sub-loans, will provide short and medium term financing for the procurement of input goods, equipment, works, and services by private exporters. The second component, provision of institutional development technical assistance to Turk Eximbank, will provide financing for the procurement of consulting services, information technology equipment, and related services and training for the further institutional strengthening of Turk Eximbank, in areas identified during appraisal and agreed between the World Bank and Turk Eximbank.