Turkey - Third Export Finance Intermediation Loan Project : Turkey -Third Export Finance Intermediation Loan Project

Page 1 PROJECT INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: AB1337 Project Name Third Export Finance Intermediation Loan Region EUROPE AND CENTRAL ASIA Sector Banking (35%);Micro- and SME finance (35%);Other domestic and international trade (30%) Project ID P093568 Borrower(s) TURKISH INDUSTRIAL DEVEL'T BANK (TSKB) Implementing Agency Turkiye Sinai Kalkinma Bankasi (TSKB) Turkey Environment Category [ ] A [ ] B [ ] C [ X ] FI [ ] TBD (to be determined) Safeguard Classification [ ] S 1 [ ] S 2 [ ] S 3 [ X ] S F [ ] TBD (to be determined) Date PID Prepared January 18, 2005 Estimated Date of Appraisal Authorization April 8, 2005 Estimated Date of Board Approval June 23, 2005 I. Key development issues and rationale for Bank involvement 1. Turkey is steadily recovering from the economic and financial crises of 2001, but tight macroeconomic management and structural reforms remain key for future stability and growth. After significantly shrinking in 2001, the Turkish economy has grown at a rapid pace in the last three years, and inflation, supported by a stable Turkish Lira, has gone down to historically low levels in 2004