international finance corporation (ifc)

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 European Bank for Reconstruction and Development (EBRD) is providing a 500-million-euro financing to support the regions affected by last year's devastating earthquakes.

The agreement regarding the new financing was signed between the Treasury and Finance Ministry and the development bank.

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.

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.

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.

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.

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.