EBRD’s investment amount in Turkey will exceed 2.4 billion dollars
Evaluating the investments in Turkey, European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso said, “It is the largest country in which EBRD operates. We made our first investment in 2009. The first country we invested in outside the bloc is Turkey. We are a little more focused on the private sector.” We focus on the private sector, so 90 percent of our investments are in the private sector, and I think we have invested around 19 billion dollars since our operations started. Today will be a year in which our investments will increase even more. We invested 2.4 billion dollars. We invest a lot in the private sector, “We come together with Turkish companies and manufacturing companies. We also work with financial institutions and try to move forward with channels that support SMEs in some way. We want to continue this support for our customers despite macroeconomic difficulties, fluctuations in the economic situation and high inflation. And we want them to do more.” We want them to make a green transformation. For example, we want half of the investments you make now to support the green transformation, so they can invest in new capacities. We have important plans, especially after the earthquake. We want to make an investment of 1.5 billion dollars related to the earthquake in 2023-2024. “We want to provide financial support for SMEs and local people, especially through financial institutions.” said.
Speaking to Bloomberg HT and stating that the total volume of investments will reach a level of 2.4 billion dollars or more, Renaud-Basso said that they expect the investments to be at the level of 2.5 billion dollars at the end of the year.
“We want production, especially regarding earthquakes. There are also large infrastructure projects. 5 different cities in Turkey are participating in our Green City program. For example, we have a city program in Istanbul or Ankara, and 5 different cities will be involved here. Istanbul, We work with city municipalities such as Izmir, Ankara and Gaziantep, where we evaluate their investment processes and how we can make all these cities better quality.
