IFC Investment to Boost Access to Finance for Farmers, Strengthen Agribusiness in Turkey
A targeted new investment by IFC, a member of the World Bank Group, will help address the critical financing needs of Turkey's underserved micro, small, and medium enterprises (MSMEs) in the agricultural sector, helping preserve jobs and accelerate the country's economic recovery.
IFC is investing $150 million as a part of an approximately$435 million equivalent Diversified Payment Rights (DPR) issuance of DenizBank A.Ş. (DenizBank). Other investors include the European Bank for Reconstruction and Development, Credit Suisse, and Emirates NBD.