TSKB XIII

closed

The Thirteenth Turkiye Sinai Kalkima Bank (TSKB) Project aims to encourage and assist TSKB to: (i) increase substantially the amount and proportion of its lending for export-oriented projects; (ii) continue the emphasis in its resource allocation on the less developed regions and small- to medium-sized, labor-intensive projects; and (iii) bridge a part of its foreign exchange resource gap up to end-1980, as it continues its efforts to increase and diversify such resources. TSKB's new drive to escalate its lending and technical assistance to export-oriented projects will have a major direct impact on the Government's efforts to increase such investments in Turkey. The risk that Government policies may not maintain sufficient incentive to achieve this objective, is being addressed by inter alia financing of exporters' imported requirements and a dialogue on export policy under the Bank's Program Loan.