International Finance Corporation
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IFC mobilizes huge investment package for Türkiye
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has mobilized a $3.6 billion investment package for Türkiye, in the fiscal year from July 2023 to June 2024.
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IFC invests in digital brokerage company Midas
International Finance Corporation, a member of the World Bank Group, has announced an investment of $6 million in Midas, a leading digital brokerage company in Türkiye, "to accelerate digitalization in the country's brokerage industry and strengthen its competitiveness."
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Karsan obtains financing to boost EV production
The International Finance Corporation (IFC) is helping a leading Turkish automotive manufacturer, Karsan, boost its production of electric vehicles (EVs), strengthen the sector's competitiveness, increase exports and create jobs.
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IFC provides $530 mln financing for quake recovery
The International Finance Corporation (IFC) has announced a financing package of up to $530 million to support thousands of micro and smaller businesses in Turkish provinces devastated by February earthquakes and boost recovery efforts.
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IFC invests $1.46 billion in Türkiye
International Finance Corporation (IFC), a member of the World Bank Group, has said it has invested over $1.46 billion in Türkiye to support private sector development in fiscal year 2023.
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AIIB provides loan for Antalya Airport expansion
The Asian Infrastructure Investment Bank (AIIB) has signed a 140-million-euro loan with Fraport TAV Antalya Yatırım, Yapım ve İşletme (FTA) for the expansion and modernization of Antalya's Airport to improve airport service and the availability of travel options.
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Finance minister meets int’l investors
Treasury and Finance Minister Nureddin Nebati has underlined that the Turkish economy continues to draw interest from international investors during his visit to the U.S. capital.
He met with prominent portfolio investors in a meeting organized by banking giant JPMorgan on April 21.
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Turkish treasury and finance minister joins G20 meeting in US
Turkey's Treasury and Finance Minister Lutfi Elvan said on Oct. 14 he participated in a G20 ministerial meeting in the US.
"We have discussed global inflation pressures, recent increase in commodity prices and rising global debt at the meeting," Elvan wrote on Twitter.
IFC invests in RBRO green bonds to promote climate finance in Romania
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is investing RON 293.5 million (the equivalent of approximately $72 million) in RON-denominated senior non-preferred bonds placed by Raiffeisen Bank SA (RBRO), IFC said in a statement on Monday.
European bank backs women-led businesses in Turkey
The European Bank for Reconstruction and Development (EBRD) has provided a $100 million fund for Denizbank to support companies' investments in green technologies and women-led businesses in Turkey amid the COVID-19 pandemic.
The loan with a long-term maturity of up to seven years will help to build the resilience of the Turkish economy, the EBRD said in a statement on Feb. 19.
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