International Finance Corporation

World Bank Türkiye Director Humberto Lopez has announced plans for a $750 million project to upgrade the country's electricity transmission lines within the next six months, with an additional $750 million investment planned in the coming years.

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.

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."

The International Finance Corporation (IFC), a financial division of the World Bank, intends to invest 1.9 billion USD in projects in Ukraine over the next 18 months, according to a statement from an IFC official to Reuters.

The way for the sale of Avramar has been opened through the agreement reached between the leading Greek fish farming company and the creditor banks for the granting of the much-discussed loan of 20 million euros.

On Thursday night, the agreement for the disbursement of the money was finally signed, after mutual concessions by the parties involved.

The World Bank is planning to give Egypt more than $6 billion in financial assistance over the next three years to help it meet its development priorities, the Washington-based lender has announced 

"Over the coming three years, the World Bank Group intends to provide more than $6 billion of support to Egypt," the development lender said in a statement.

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.

The Japan International Cooperation Agency (JICA) is providing loans of up to 20 billion yen ($139 million) to support micro, small and medium-sized enterprises that were affected by the February earthquakes.

The loan agreement was signed between JICA and the Small and Medium Enterprises Development Organization of Türkiye (KOSGEB) in the capital Ankara.

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.

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.