international finance corporation (ifc)

Japanese agency provides financing for quake relief

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.

IFC investment to boost Turkish farmers access to finance

A new targeted investment will help address the critical financing needs of Türkiye's micro, small, and medium enterprises in the agricultural sector, the International Finance Corporation (IFC) has said.

It will help in preserving jobs and aiding economic recovery, with a particular focus on earthquake-impacted areas, the IFC, a member of the World Bank Group, said in a statement.

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.