The International Finance Corporation (IFC), a member of the World Bank Group, announced that it has invested more than $1.46 billion in the 2023 fiscal year to support the development of the private sector in Turkiye.
In a statement from IFC, it was stated that in the 2023 fiscal year (from 1 July 2022 to 30 June 2023), the organization invested more than $1.46 billion in order to support the development of the private sector in Turkiye, and it was recorded that these investments helped accelerate economic growth, increase employment and support exports in Turkiye.
In the statement, it was stated that a financing package of $200 million was provided to Marport for the expansion and renewal of its piers, and a financing package of €150 million was provided to Fraport TAV for the improvement of Antalya Airport. In order to increase the global competitiveness of Turkish brands, it was noted that $90 million of green energy investment was made in Assan Aluminyum, and €120 million in financing was provided to Arcelik.
It is stated in the statement that IFC’s support for private investments in Turkiye has continued for nearly 50 years and that it has invested approximately $11 billion in the last 10 years, and that Turkiye is the third country with the highest investment in IFC’s total global investments.
Wiebke Schloemer, Director of IFC Turkiye and Central Asia, whose views are included in the statement, said, “IFC continues to support the development of the private sector in Turkiye and increase the competitiveness of the country by investing in critical infrastructure, supporting the manufacturing sector, supporting exports and increasing access to critical finance.”
Source: AA / Prepared by Irem Yildiz