International Finance Corporation

Avramar and banks strike deal on loan of 20 mln euros

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.

World Bank plans $6 billion of financial support for Egypt

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.

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.

Int’l funds ‘will be at your doorstep on May 15’

The Istanbul Finance Center (IFC) is an important project for the Turkish economy that will allow international funds to flow into the country, Environment, Urbanization and Climate Change Minister Murat Kurum has stated.

"The Istanbul Finance Center project will have a very important place in the future of the Turkish economy," Kurum said at a news conference at the IFC.