EBRD Continues To Expand Green Financing In Türkiye
Date
10/9/2022 1:39:59 AM
(MENAFN- Trend News Agency)
The European bank for Reconstruction and Development (EBRD) is
providing a €25 million loan to QNB Finans Leasing to support
sustainable investments in Türkiye, reports citing .
The funds will expand QNB's lending to private-sector small and
medium-sized enterprises (SMEs) for green investments, providing
lease financing to companies implementing green economy
investments, for example, in energy efficiency and renewables.
EBRD President Odile Renaud-Basso was also present at the
signing of the loan agreement. Renaud-Basso arrived in Türkiye on
Oct. 6 for a three-day visit to hold a series of high-level
meetings with senior officials, private-sector clients and
civil-society organisations and foreign policy experts.
“The loan is being provided under the EBRD's Green Economy
Financing Facility Türkiye (GEFF Türkiye) framework and builds on
the success of its predecessor, the Türkiye Sustainable Energy
Financing Facility (TurSEFF),” the bank said in a statement.
This will be the EBRD's third loan under GEFF Türkiye, launched
at the beginning of the year.
The loan also includes a gender-responsive component to support
financial access to green investments for women-led businesses,
including a technical cooperation package that oversees gender
baseline assessments, awareness opportunities and capacity building
on gender-specific supply and demand issues.
The EBRD is committed to promoting a sustainable future in
Türkiye by expanding green financing in the country, the bank
said.
By heavily supporting climate investments in the private sector,
the bank aims to accelerate the country's transition to a green
economy; it is currently carbon-intensive and vulnerable to
climate-related risks.
The EBRD is a leading institutional investor in Turkey. It has
invested almost €16.8 billion in 381 projects in the country since
2009, mostly in the private sector.
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