Concept Project Information Document (PID) (English)

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Table of Contents

• The World Bank 1
• The World Bank 2
• BASIC INFORMATION 2
• A. Basic Project Data 2
• Proposed Development Objectives 2
• PROJECT FINANCING DATA US Millions 2
• Maximizing Finance for Development 2
• Is this an MFD-Enabling Project MFD-EP 2
• Is this project Private Capital Enabling PCE 2
• SUMMARY 2
• Total Operation Cost 500.00 2
• Total Financing 500.00 2
• Financing Gap 0.00 2
• DETAILS 2
• World Bank Group Financing 2
• The World Bank 3
• B. Introduction and Context 3
• Türkiyes development achievements over the past two decades have been remarkable. 3
• However the policy framework that ensured a strong economic performance during and after the pandemic 3
• Following the May 2023 elections the Government has taken steps towards normalizing the economy in a 3
• On February 6 2023 two earthquakes of magnitude 7.8 and 7.5 hit southeast Türkiye and Syria these were 3
• The World Bank 4
• Beyond Türkiyes vulnerability to earthquakes the country is also vulnerable to other climate-related disasters 4
• 6. Türkiyes labor market faces structural challenges to formal job creation which have been exacerbated by the 4
• The World Bank 5
• 7. One of the most important factors limiting formal job creation is the poor access to financing among firms with 5
• 8. Addressing credit constraints can promote employment generation through several channels. 5
• 9. Another major challenge affecting the capacity of firms to create jobs and expand is the difficulty in finding 5
• The World Bank 6
• 10. The February 2023 earthquakes caused extensive damage to businesses and disrupted economic activity 6
• 11. The proposed Project aims to address key credit constraints and labor market challenges in the earthquake- 6
• 12. The proposed Project builds on the successes and lessons learned from the ongoing Formal Employment 6
• Creation FEC Project P171766 by strengthening the link between credit access and job creation to support post-earthquake recovery. 6
• The World Bank 7
• 13. The proposed Project is part of a comprehensive package of support from the World Bank Group WBG for the 7
• 14. The proposed project contributes to achieving several objectives in the World Banks Türkiye Country 7
• Partnership Framework CPF for the period FY24-FY28. 7
• The Project is consistent with the 12th National Development Plan NDP 2024-2028 and aligns with the 7
• The project is consistent with Türkiyes updated First Nationally Determined Contributions NDCs submitted to 7
• The World Bank 8
• C. Proposed Development Objectives 8
• The project development objective is to enhance the conditions for formal job creation by firms operating in earthquake affected provinces. 8
• D. Concept Description 8
• Component 1. Lending and capacity building support to firms for job creation US 497.75 Million 8
• The World Bank 9
• Subcomponent 1.1. Expanded credit access to financially viable firms through direct lending. 9
• Subcomponent 1.2 Demand-driven support for firm capacity building and worker skills training. 9
• Component 2. Technical institutional and implementation support USD 1 Million 9
• The World Bank 10
• TKYB will be the project implementing agency 10
• Policies Triggered 10
• CONTACT POINT 10
• World Bank 10
• The World Bank 11
• BorrowerClientRecipient 11
• Development and Investment Bank of Türkiye 11
• Implementing Agencies 11
• Development and Investment Bank of Türkiye 11
• FOR MORE INFORMATION CONTACT 11
• APPROVAL 11
• Approved By 11