European Union (EU)

The European Union (EU) provides grant funding for the two main components of the Project and has designated KfW Development Bank as the contractual partner to structure and coordinate the design, implementation, and reporting of the FOSTER II Project.

The EU Delegation to Türkiye (“EUD”), under the European Union Neighbourhood, Development and International Cooperation Instrument (NDICI-Global Europe), provides financing via KfW Development Bank amounting to up to EUR 63 million for the “Empowering the Private Sector to Foster Social and Economic Cohesion in Türkiye II Project,” where up to EUR 20 million is allocated for the Interest/Profit Share Subsidy Mechanism, up to EUR 2 million for KGF Guarantee and up to EUR 43 million for the SME Support Mechanism.

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This website was created with the financial support of the European Union. The content is the sole responsibility of KOSGEB and does not necessarily reflect the views of the European Union.