IFC's investment in Turkey has exceeded 23.5 billion dollars in 10 years.

IFC's Investment Vision for Turkey

The International Finance Corporation (IFC), a member of the World Bank Group, stated that Turkey is a priority country for IFC, said Riccardo Puliti, Regional Vice President for the Middle East and Central Asia. Puliti remarked, 'We have been supporting the development of the private sector in Turkey for more than half a century. In the past 10 years, we have invested approximately $23.5 billion. '

Leading in Innovative Finance

Puliti expressed that Turkey has reached a pioneering position in innovative finance, stating, 'We are proud to be a part of this transformation. In recent months, we invested in the Turkey İş Bank's first digital bond issuance to provide financing to small businesses affected by the earthquake. This was a significant milestone in digital finance in emerging markets.'

Macroeconomic Stability and Investment Environment

Puliti emphasized that the recent steps taken by Turkey to strengthen macroeconomic stability, particularly the efforts to combat inflation, have created a more favorable environment for private investments:

'Macroeconomic stability allows the private sector to make long-term plans and confidently take investment decisions.'

The Role of IBRD and MIGA

Puliti announced that the investment commitments in Turkey through the International Bank for Reconstruction and Development (IBRD) and the Multilateral Investment Guarantee Agency (MIGA) have doubled over the past three years. Puliti stated, 'Reducing exchange rate volatility supports direct foreign investment inflows and economic growth.'

Future Workforce Potential

Furthermore, Puliti noted that Turkey's young and educated population has significant potential, stating, 'In the next 10 years, 1.2 billion young people will join the global workforce. Creating quality job opportunities that support inclusive growth is of critical importance.' He highlighted that unemployment rates in Turkey, particularly among youth and women, remain high, and stated that they expect general unemployment to be around 8.5% and youth unemployment to be about 16% by September 2025.

Puliti indicated that Turkey's working-age population is expected to increase, expressing that sectors such as trade services, logistics, and renewable energy present significant opportunities to increase employment.