Steering Committee

Undersecretariat of Treasury undertakes the functions of the chairmanships of Public Finance, Foreign Economic Relations, State Economic Enterprises, Incentives and Implementation, Banking and Foreign Investment in Turkey. Undersecretariat of Treasury is the Beneficiary Country Administration and responsible for the management and performance of SELP II.

Council of Europe Development Bank is a multilateral development bank placed under the supreme authority of the Council of Europe having its own full legal status and financial autonomy and granting loans in its 47 member states. Activities within SELP II will also cover the establishment of a revolving loan fund (European Fund for Turkey) which will be co-financed by the Council of Europe Development Bank and KfW.

KfW Entwicklungsbank (KfW Development Bank) belongs to the KfW Bankengruppe (KfW Banking Group) whose majority shares are owned by the Federal Government of Germany. KfW Development Bank finances investments and accompanying consulting services in developing countries. It carries out its work on behalf of the German Federal Ministry for Economic Cooperation and Development. The Bank is committed to the primary goal of German development cooperation, namely to sustainably improve the economic and social conditions of the people in developing countries. Through its Financial Cooperation it focuses on social and economic infrastructure, financial systems and resource protection and contributes to reducing poverty, protecting natural resources and securing peace worldwide.

One of the essential components of SELP II is the establishment of a revolving loan fund (European Fund for Turkey) that will be used in financing SEs in priority development regions. This component will be implemented by KfW Office Ankara with backstopping support from KfW Headquarters. KfW is the co-financor of this revolving loan fund together with the Council of Europe Development Bank.

The European Commission Delegation to Turkey represents the European Commission on the diplomatic and political level. It is the channel for day-to-day relations between the Commission and Turkey, and reports to Brussels on the latest political, economic and commercial developments. The European Commission Delegation to Turkey also supports activities to inform the Turkish citizens about the European Union and to increase the visibility, awareness and understanding of the EU, its values and interests. It is currently the EU's biggest single country delegation in the world, with a staff of over 120 people composed of Turkish and European Union experts.

The State Planning Organisation (SPO) is the responsible government institution for preparing public investment programs and for allocating funds to projects of the central administration institutions. SPO is the major resource of information on the long-term economic planning of the Turkish Government. It also provides information on recent economic developments, statistical information, main economic indicators, etc. in Turkey.

Duties of the State Planning Organisation include, among many others;

  1. Advising the Government in determining, monitoring and co-ordinating economic, social and cultural policies by taking into account every type of natural, human and economic resources,
  2. Preparing long-term development plans and annual programmes,
  3. Providing advisory services for the government as to implementation of financial, monetary, foreign trade and foreign exchange policies,
  4. Preparing the general framework of the incentive policies for the private sector,
  5. Determining and making recommendations on the measures to be taken to accelerate development in priority regions and co-ordinating the progress of their implementation,
  6. Preparing development plans on a regional or sectoral basis.

Turkish Development Bank (TKB) was established in 1975 by law. Its primary function was to support workers' initiatives to build and operate companies with the objective to utilize savings of expatriate workers. In 1988, the Bank has been transformed to a development and investment bank and its status was broadened to include wider developmental issues to foster Turkey's development. TKB's registered capital is TL 500 million, of which TL 160 million has been paid. 99.08 % of the Bank's capital belongs to the Undersecretariat of Turkish Treasury. TKB occupies an important role as a development and investment bank for its contribution to the financing of industry, tourism, education, health and energy sectors primarily. Besides supplying loans with medium and long-term tenors to the above mentioned sectors, TKB is also active in other fields of activity like project assessment, leasing, project rehabilitation, equity participation, fund management banking operations and training activities. As of March 2009, TKB's total asset size amounted to EUR 505 million, EUR 306 million of which is loans extended to private enterprises.

The European Fund for Turkey (EFT) that will be established under the scope of SELP II, shall initially be administered by KfW, then will be handled out to Turkish Development Bank at a later stage of the project.

The Central Finance and Contracts Unit (CFCU) was established by the Memorandum of Understanding signed between the EU Commission and the Turkish Government on 14th February 2002. CFCU has the sole responsibility over the overall budgeting, tendering, contracting, payments, accounting and financial reporting aspects of the procurement of services, supplies, works and grants in the context of EU funded programmes in Turkey. CFCU is located in Ankara and administratively linked to the Undersecretariat of Treasury, however it operates independently.

The Secretariat General for EU Affairs was founded on 4 July 2000 for co-ordinating and harmonising the activities of public institutions in accordance with plans and programmes of Turkey's accession to the European Union. The Secretariat General for EU Affairs' work covers co-ordinating all external relations in the process of Turkey's membership to the EU, which are conducted by the Ministry of Foreign Affairs.

Frankfurt School of Finance& Management is one of Germany's foremost institutes of higher education. Founded in 1956 as Bankakademie, the new institute rapidly became the national benchmark for the continuing education of the financial sector employees. The Frankfurt School's seven fields of activity are Academic Programmes, Professional Programmes, Seminars, Executive Education, Corporate Programmes& Services, Research, and International Advisory. Frankfurt School's International Advisory has a long track record of expertise in microfinance, housing finance, SME finance and fund management (e.g. European Fund for Southeast Europe) and it is represented in Asia, Africa, Eastern Europe, Latin America, Turkey and the Middle East.
   © 2008 All rights reserved.