KOSGEB signed a loan agreement with the Japan International Cooperation Agency (JICA). JICA loan was provided within the framework of the co-financing project in coordination with the World Bank. The $ 300 million deal includes micro and small businesses in the manufacturing industry affected by the pandemic and technology-based start-ups established after 2017. The agreement will provide businesses with easy access to finance.
Signatures on the agreement, KOSGEB President Hasan Basri Kurt JICA President of Turkey was taken by Nobuhiro Ikuro. Hasan Basri KOSGEB President Kurt Speaking at the ceremony, JICA with the win-win approach, saying they wanted to increase cooperation in the hereafter "Turkey has an important geographical position in terms of investments. We have a lot of young workforce. We will be happy to work together with our Japanese friends to make use of them and make them produce added value. " said.
SOCIAL IS ALSO IMPORTANT
President of JICA Turkey Office Ikuro, by expressing his great satisfaction because of the signing of the loan agreement "a key role in this project which I am aware of the importance of Turkey's economy for micro and small-sized businesses. I think it is an important project especially in terms of protecting the jobs of employees in such enterprises, in other words in social terms. I hope and wish that micro and small businesses will confidently contribute to the Turkish economy in the corona period and beyond. " he spoke.
After the speeches, Kurt and Ikuro signed the agreement to provide rapid support to micro and small businesses. KOSGEB President Kurt gave a coffee cup to Ikuro to commemorate the day.
TECHNOLOGY BASED START-UPS
The agreement covers micro and small enterprises in the manufacturing sector and technology-based start-ups in the manufacturing, computer programming and scientific R&D sectors established after 2017. This agreement is of great importance for technology-based start-ups, who carried out R&D studies with limited economic opportunities before the pandemic, to overcome their financial difficulties during the epidemic period.