6/22/2012

IFC to invest USD 2 billion in Turkey

Star – International Finance Corporation (IFC), a member of the World Bank Group, plans to invest USD 2 billion in Turkey in the 2012-2015 period, according to the IFC Executive Vice President and CEO, Lars Thunell.


“Turkey’s economy has proven its resilience to the effects of the global financial crisis at a time of increasing global uncertainties and Eurozone debt woes..” , Thunell said in an interview. Expressing IFC’s strong confidence in Turkey, the CEO said that the institution is planning to invest USD 2 billion between 2012 and 2015 to strengthen the business environment and support small and medium sized businesses in the country. “Turkey implemented key reforms that were needed for a strong economy ..”, Thunell added.


IFC uses its Istanbul office, established in 2010, to cover 52 countries in Europe, the Middle East and North Africa (EMENA) regions.

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