EBRD will provide loan to TSKB
Jobs for women and youth
Extra 15% for earthquake regions
The European Bank for Reconstruction and Development (EBRD) will provide a €75 million ($86 million) loan to Türkiye Sınai Kalkınma Bankası (TSKB), the country’s development bank, to support businesses that offer opportunities to women and young people.
The funding will also back companies impacted by the 2023 earthquakes.
At least 15 percent of the funds will be allocated to companies with policies that support youth employment, EBRD said in a statement last week.
An additional 15 percent will be allocated to companies operating and investing in earthquake-affected regions.
The remainder will be loaned to inclusive companies with policies and practices that promote female employment and leadership.
EBRD has conducted six direct-lending transactions with TSKB since 2011, primarily supporting green projects in the country.
Last month, the European lender announced that it will provide €195 million to two infrastructure projects in Turkey’s earthquake-hit cities of Adıyaman and Hatay.
EBRD is among Turkey’s largest investors, with more than €22 billion ($25 billion) committed through 482 projects.
