IFC is providing a $50 million senior loan to Garanti BBVA to help micro, small, and medium enterprises weather the effects of the COVID-19 pandemic.
Senior loan of EUR 25 million to new Green for Growth Fund (GGF) partner to increase uptake of renewable energy, energy efficiency, and resource efficiency measures in the country.
Women entrepreneurs or those taking on a new career path in Turkey often hear this phrase from society, discouraging them from taking on less traditional roles. But now organizations in the country are working to unpack and overcome the insidious effects of gender-based social norms on women’s financial health.
This targeted new investment will help address the critical financing needs of Turkey's underserved micro, small, and medium enterprises in the agricultural sector.