Investment and Development Banks and Strategies in Turkey

Author(s):  
Ismail Erkan Celik ◽  
Hasan Dinçer ◽  
Ümit Hacioğlu

The World Bank is the most important financier for international investment. The bank opens credits mostly for investment projects in developing countries. Turkey has received various investment credits since its membership to the World Bank on March 11, 1947. The credits were used for economic and social domains. Turkey has also been granted credits from the European Investment Bank (EIB). The credits received are composed of micro credits that belong to Small and Medium Enterprises (SMEs). A regional development bank, Islamic Development Bank, has also received credits through Eximbank and Industrial Development Bank of Turkey (TSKB) to finance Turkish SMEs. This chapter deals with Turkish investment strategies in the framework of basic principles of investment – development banks.

Author(s):  
Ismail Erkan Celik ◽  
Hasan Dinçer ◽  
Ümit Hacioğlu

The World Bank is the most important financier for international investment. The bank opens credits mostly for investment projects in developing countries. Turkey has received various investment credits since its membership to the World Bank on March 11, 1947. The credits were used for economic and social domains. Turkey has also been granted credits from the European Investment Bank (EIB). The credits received are composed of micro credits that belong to Small and Medium Enterprises (SMEs). A regional development bank, Islamic Development Bank, has also received credits through Eximbank and Industrial Development Bank of Turkey (TSKB) to finance Turkish SMEs. This chapter deals with Turkish investment strategies in the framework of basic principles of investment – development banks.


Author(s):  
Ismail Erkan Celik ◽  
Umit Hacioglu ◽  
Hasan Dincer

<p>The World Bank is the most important financier for international investment. The bank opens credits mostly for investment projects in developing countries. Turkey has received various investment credits since its membership to the World Bank on March 11, 1947. The credits were used for economic and social domains. Turkey has also been granted credits from the European Investment Bank (EIB). The credits received are composed of micro credits that belong to small and medium enterprises (SMEs). A regional development bank, Islamic Development Bank, has also received credits through Eximbank and Industrial Development Bank of Turkey (TSKB) to finance Turkish SMEs. This paper deals with Turkish investment strategies in the framework of basic principles of investment – development banks.</p>


2008 ◽  
Vol 10 (2) ◽  
pp. 199-226 ◽  
Author(s):  
Suresh Nanwani

AbstractThis article offers an examination of the development and operation of accountability mechanisms in multilateral development banks. These mechanisms are gateways for citizens, as non-state actors, to file their grievances in projects that adversely affect them against these international organisations at the international level. The study focuses on the accountability mechanisms established at the World Bank (International Bank for Reconstruction and Development and International Development Association) and the Asian Development Bank, and other initiatives and avenues provided by these institutions addressing accountability issues. The article offers an analysis of barriers encountered by claimants in accessing these mechanisms based on insights generated by way of claims filed and participation in accountability procedures. It suggests ways in which civil society's demands for accountability in multilateral development banks and other financial institutions can move forward.


Author(s):  
Lichtenstein Natalie

Chapter 1, Beginnings, introduces the Asian Infrastructure Investment Bank (AIIB), the book and its author. The origins of the AIIB proposal by China are discussed, along with the global economic and geo-political aspects that led to its establishment. There are comparisons to the establishment of other multilateral development banks: the World Bank, and the Inter-American Development Bank (IADB), the Asian Development Bank (AsDB), the African Development Bank (AfDB) and the European Bank for Reconstruction and Development (EBRD). The steps in the negotiating process in 2014–2015 are summarized, and presented in a table of the 57 countries that participated. The author describes her role in drafting the AIIB Charter and some of the considerations in the choice of model.


2018 ◽  
Vol 17 (2) ◽  
pp. 83-99
Author(s):  
Stephanie De Moerloose ◽  
Makane Moïse Mbengue

While judicial bodies have proliferated in the last fifty years in a process that has been deemed “quasi-anarchic” (Guillaume, G., 2000) creating a risk of inconsistency in their decisions which would endanger the international law system, quasi-judicial bodies such as Multilateral Development Banks' accountability mechanisms are not spared by this legal phenomenon. They have diverse proceedings and jurisdictions, operate with different sets of environmental and social safeguards, but may confront similar factual scenarios, especially in the case of co-financing. The recent Kenya Electricity Expansion Project presented before the World Bank and the European Investment Bank’s accountability mechanisms illustrates that, through a managerial approach, potentially conflicting findings can be avoided. This paper aims to show that quasi-judicial bodies can constitute a source of inspiration for the integrated development of international law.


Author(s):  
Stephen Kwamena Aikins

This study investigated the extent and benefits of Africa's broadband connectivity, its impact on e-government and economic growth, and the challenges and best practices for addressing them. Studies by the UN and ITU over the years have revealed Africa lags behind in the global broadband connectivity and e-government diffusion. The Connect Africa summit held in 2007 by the ITU and its partners came out with five specific goals to connect the continent and help improve its economy. This study reviewed the Connect Africa Outcomes Report, and analyzed the publications of three independent studies conducted by: a) the ITU, b) the World Bank and the African Development Bank, and c) Informa Telecoms and Media. The findings reveal that Africa has made substantial progress in international connectivity and mobile broadband penetration. Additionally, broadband connectivity has contributed toward some improvements in e-government initiatives and economic growth. The study concludes with recommendations to address the existing challenges to consolidate the gains made.


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