EBRD expands Türkiye investments with Istanbul as regional hub

The European Bank for Reconstruction and Development (EBRD) is significantly expanding its financial activities in Türkiye, with a senior official announcing major new investments and a plan to establish Istanbul as a key regional hub for the institution. EBRD First Vice President Greg Guyett, during an official visit, revealed that the bank has directed over $2.5 billion into 42 projects across the country in the current year.

Strategic Hub and Staff Expansion

Guyett confirmed that Istanbul is set to become one of the EBRD's central regional hubs, a move that underscores the city's growing importance in global finance and trade. "We will be growing our staff significantly here in Istanbul," he stated, highlighting the city's pool of highly talented professionals and Türkiye's pivotal geographic position as a gateway between Europe and Asia.

Confidence in Economic Policies and Key Sectors

The EBRD official expressed firm belief in the effectiveness of the Turkish government's economic program, particularly in tackling inflation. "We are confident that the policies the government has put in place will continue to push the rate of inflation lower," Guyett remarked. The bank's investments are strategically focused on high-priority areas including renewable energy, technological innovation, and critical infrastructure development, aligning with Türkiye's long-term economic goals.

Earthquake Recovery and Future Focus

Beyond its standard project financing, the EBRD has also exceeded its initial commitments to the earthquake recovery program in Türkiye, channeling significant funds into reconstruction and job creation in the affected regions. Looking ahead, the bank's mission in Türkiye will continue to prioritize mobilizing private capital for sustainable growth, clean energy transitions, and bolstering the private sector's competitiveness.