[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-112342-en":3,"doc-seo-112342-105":28,"detail-sidebar-cat-0-en-105":88},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":20,"language":21,"language_code":22,"site_id":23,"html_lang":22,"table_of_contents":24,"faqs":25,"seo_title":13,"seo_description":14,"update_tm":26,"read_time":27},112342,4398048949847,"Eliana","https://ap-avatar.wpscdn.com/avatar/400002536579ef2da7f?_k=1778318612642679267",8,"Research & Report","Record of Approval on an Absence of Objection Basis - June 15, 2026 - Accelerating the Market Transition for Distributed Energy Program（Türkiye）","Executive Directors approved an IBRD envelope increase of US$2.96 billion for the Europe and Central Asia Renewable Energy Scale-up (ECARES) Program under the Multiphase Programmatic Approach (MPA). The decision includes additional financing and restructuring for the Accelerating the Market Transition for Distributed Energy Program in Türkiye (Phase 1 of the MPA). Two IBRD loans to Türkiye’s Development and Investment Bank and Industrial Development Bank total EUR 400 million, and are guaranteed by the Republic of Türkiye under the President’s Memorandum.","Public Disclosure Authorized Public Disclosure Authorized  \nThe following item has been approved on an Absence-of-Objection Basis  \non Monday, June 15, 2026  \nTürkiye-Accelerating the Market Transition for Distributed Energy Program as part of Europe and Central Asia (ECA) Renewable Energy Scale-up (ECARES) Program using the Multiphase  \nProgrammatic Approach (MPA)  \nAdditional Financing and Restructuring  \nThe Executive Directors approved an IBRD envelope increase in the amount of US$2.96 billion for the Europe and Central Asia (ECA) Renewable Energy Scale-up (ECARES) Program using the Multiphase Programmatic Approach (MPA), an additional financing (AF) and restructuring for the Accelerating the Market Transition for Distributed Energy Program in Türkiye (Phase 1 of the MPA) . The additional financing comprises two IBRD loans of EUR 200 million each (US$234.2 million equivalent): a loan to the Development and Investment Bank ofTürkiye A.Ş . (Türkiye Kalkınma ve Yatırım Bankası [TKYB]) and a loan to the Industrial Development Bank ofTürkiye A.Ş. (Türkiye Sınai Kalkınma Bankası[TSKB]) together totaling EUR 400 million (US$468.4 million equivalent), guaranteed by the Republic ofTürkiye on the terms and conditions set out in the President’s Memorandum (R2026-0129, dated May 27, 2026). Alexey Nickolaevich Morozov wished to be recorded as objecting and Jiandi Ye wished to be recorded as abstaining.","cbCaip4j3GRaMnQ9","https://ap.wps.com/l/cbCaip4j3GRaMnQ9","pdf",130417,1,"English","en",105,"# Approval decision\n## IBRD envelope increase and scope\n## Additional financing and restructuring\n## Loan structure and guarantee terms\n## Board member recorded positions","[{\"question\":\"What was approved on an absence-of-objection basis on June 15, 2026?\",\"answer\":\"The Executive Directors approved an IBRD envelope increase of US$2.96 billion for the ECARES program, including additional financing and restructuring for the Türkiye distributed energy program (Phase 1 of the MPA).\"},{\"question\":\"What does the approval cover under the Multiphase Programmatic Approach (MPA)?\",\"answer\":\"It covers additional financing and restructuring for “Accelerating the Market Transition for Distributed Energy Program” in Türkiye, as part of Phase 1 of the MPA for ECARES.\"},{\"question\":\"How is the additional financing structured and guaranteed?\",\"answer\":\"It consists of two IBRD loans of EUR 200 million each to Türkiye’s development and investment bank and industrial development bank, totaling EUR 400 million, guaranteed by the Republic of Türkiye under the President’s Memorandum 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