The World Bank has approved the Access to Finance for Jobs and Growth Project in Turkiye to boost MSME financing and job creation, with a focus on women and youth.
Backed by a €750 million (~$867.8 million) IBRD guarantee, the project aims to mobilise up to €1.5 billion (~$1.74 billion) in long-term funding via VakıfBank, supporting 30,000 MSMEs and potentially creating up to 800,000 jobs.
Backed by a €750 million (~$867.8 million) IBRD guarantee, the project aims to mobilise up to €1.5 billion (~$1.74 billion) in long-term funding via VakıfBank, supporting 30,000 MSMEs and potentially creating up to 800,000 jobs.
