Fostering Inclusive Growth in Türkiye
ICIEC provided EUR 100 million in cover to support Turk Eximbank in financing local SME exports. The project is contributing to the Turkish government’s goal to increase export volumes to USD 500 billion by 2023. Given its mandate to support capacity building in OIC Member Countries, ICIEC partners with Turk Eximbank to assist in financing Turkish companies looking to trade and invest both within OIC and with the world. Currently, Turk Eximbank has a client base of 6000 Turkish companies, a majority of which are SMEs giving ICIEC a significant foothold to effect development impact in the Turkish economy. The SME sector is key to the economic growth of the Turkish economy and plays a major role in facilitating job creation. In financing this sector, Turk Eximbank gives these businesses a greater opportunity to grow, thereby creating more jobs and opportunities for companies in Türkiye.
