Turkey now third-largest country in IFC's global investment portfolio
The International Finance Corporation, the World Bank Group's private-sector arm, says it has invested more than $25 billion in Turkey over the past decade. According to IFC's regional director, Turkey is now the third-largest country in IFC's global portfolio. The ranking is a key reference point for private-sector financing.
The International Finance Corporation has invested more than $25 billion in Turkey over the past decade, according to Anadolu Agency. Lisa Kaestner, IFC's director for Turkey, Kazakhstan and Uzbekistan, said Turkey is now the third-largest country in IFC's global portfolio.
Kaestner said most of those funds went into project finance and bank credit lines aimed at strengthening private-sector competitiveness. She added that energy transition, green industry and digitalisation projects are expected to retain a significant share of the portfolio in the coming period.
The IFC data underline Turkey's standing as a major counterparty for multilateral development finance institutions. Kaestner also highlighted the importance of a stable medium-term regulatory framework for private investment, and said the corporation plans to continue its work in the country.
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