Signing of Japanese ODA Loan Agreement with Turkey: Contributing to the recovery of micro-, small, and medium-sized enterprises affected by the earthquake in southeast Turkey

［Goal 8］ Decent Work and Economic Growth
SDGs
［Goal 9］ Industry, Innovation and Infrastructure
SDGs

2023.12.21

On December 20, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of Turkey in Ankara to provide a Japanese ODA loan of up to 20,000 million yen for the Post-earthquake Support Project for Micro, Small and Medium Enterprises.

signing ceremony

signing ceremony

The earthquake that struck southeastern Turkey in February 2023 impacted micro-, small, and medium-sized enterprises (MSMEs) in the region significantly, resulting in deaths of workers, evacuation to other areas, damage to factories and other buildings and equipment, and disruption of supply chains, among other outcomes.

Since MSMEs are the pillars of the country's economy, this project will provide liquidity support to such affected enterprises so that they can resume and maintain operations and employment. The project will thereby contribute to the achievement of SDGs Goals 8 (Decent work and economic growth) and 9 (Industry, innovation and infrastructure).

Details for the loan are provided below.

1. Terms and Amount of Loan

Project title Amount
(million yen)		 Annual interest rate (%) Repayment
period
(years)		 Grace
period
(years)		 Procurement
Project Consulting
services
Post-earthquake Support Project for Micro, Small and Medium Enterprises 20,000 0.1 - 40 10 General untied

2. Executing Agency

Small and Medium Enterprises Development Organization of Türkiye (KOSGEB)
Address: T.C. Küçük ve Orta Ölçekli İşletmeleri Geliştirme ve Destekleme İdaresi Başkanlığı Hacı Bayram Mah. İstanbul Cad. No: 32, 06050 Ulus-Altındağ, Ankara,Turkey
TEL: +903125952800、FAX: +903123680715

3. Planned Implementation Schedule

  • 1 . Completion of project: December, 2025—with completion of the loan disbursements.
  • 2 . Issuing of letters of invitation for consulting services (including detailed design work): no hiring of consultants is planned for this project.
  • 3 . Tendering of announcement of initial procurement package for international competitive bidding on project construction: no hiring of contractors is planned for this project.

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