The World Bank is partnering with Turkey’s Vakifbank (VAKBN.IS) to mobilise up to 1.5 billion euros ($1.76 billion) to expand access to finance for the country’s micro, small and medium enterprises, the multilateral lender said this week.
The project will leverage a 750-million-euro International Bank for Reconstruction and Development guarantee to secure a 10-year financing facility composed of commercial financing from international lenders, the World Bank said.
The initiative, focused
