Evaluation Summary - Credit line to the Industrial Development Bank of Turkey (TSKB)

For the “Climate” sector, the credit line to the Industrial Development Bank of Turkey was subject to an evaluation in May 2015.

In the context of the Turkish economy’s rapid growth and development, actions to limit negative environmental impacts need to be taken. The credit line to the Industrial Development Bank of Turkey (TSKB) aimed at facilitating financing of green projects and raising awareness and knowledge of all stakeholders on environmental issues.

The credit facility is considered highly successful, thanks to the combined experiences of the AFD and of TSKB in the renewable energy market. It contributed to the reduction in fossil fuels and to fighting climate change, and many of the benefits identified at project completion were still sustained at the time of the evaluation. In order to better assess the success of the technical assistance activities, taking a snapshot of internal capacities and know-how at the beginning of the project implementation is highly recommended.