World Bank Group to locate regional headquarters in Turkey

Posted on 31 May 2011

30 May 2011 – IFC (The International Finance Corporation) part of the World Bank Group is to invest 3 Billion USD in Turkey during the next 3 years.

Lars Thunell, Executive Vice President and CEO of IFC, said “We are aiming to increase our investments in Turkey due to the high competitiveness levels of the local industry. The total projected amount for the next 3-4 years is around USD 3 billion”.

IFC provides funds to SMEs through local country financial institutions especially in the Turkish energy sector.

Currently IFC’s Istanbul office covers 52 countries in Europe, the Middle East and North Africa regions. Turkey is the 5th largest beneficiary of IFC funds.

Source Invest in Turkey.

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