Funding totalling almost $160 million has been approved by the International Finance Corporation (IFC), the private-sector finance arm of the World Bank, for 12 projects in 1994. They are:

$10 million in a loan and a syndication towards the $39.5 million cost of an aluminium continuous casting line, an aluminium foil mill, and other auxiliary equipment at Assan Demir & Sac Sanayii

$20 million in equity, a loan and a syndication towards the total $75.5 million cost of installing an integrated meat and dairy processing facility to EU standards at Aytac Dis Ticaret Yatirim Sanayii

$25 million in a loan towards the $190 million cost of a cold-rolling mill for steel sheet and coil at Borcelik Celik Sanayii Ticaret

$15 million in equity and credit towards the $34.2 million cost of modernisation and financial restructuring at paint and ink manufacturer CBS Holding

$10 million towards the $24 million purchase by Cerrahogullari of a dry cargo vessel

$50 million in syndications and credits for leasing company Demirbank Turkey

a $7 million loan to Garanti Leasing

$7 million for medium-term leasing activities by Tekfen Investment Bank

a $700,000 equity loan towards the $8.5 million expansion planned by brokerage house Global Securities

$7 million towards the $14.9 million capacity expansion of frozen and processed meat company Pinar Entegre Et & Yem Sanayii

$7.5 million towards the $16.1 million modernisation and expansion of a dairy plant operated by Pinar Sut Mamulleri Sanayii

$600,000 equity loan towards a $4 million project planned by Turkey Life Insurance Company.