| Project Detail |
Location:
Türkiye
Project number:
55052
Business sector:
Financial institutions
Notice type:
Private
Approval date:
21 Feb 2024
Status:
Exploratory
PSD disclosed:
17 Jan 2024
Project Description
The proposed Framework is an extention and builds on the successful roll-out of the previous Türkiye Green Economy Financing Facility ("GEFF"). It will further accelerate the FI Green Economy Transition ("GET") delivery in Türkiye by allocating up to EUR 1.25 billion of EBRD financing to qualifying private sector partner financial institutions ("PFI") for financing green economy investments in the commercial, public and residential sectors in line with the Banks Green Economy Transition (GET) Approach.
Project Objectives
The proposed Framework builds on the positive experience of Türkiye GEFF. Eligibility under the proposed Framework will be extended to include new categories of eligible green projects, thereby improving PFIs skills in assessing a wider range of projects for the first time, such as sustainable tourism and transport, sustainable agriculture, nature and biodiversity including blue economy and working capital for end-beneficiaries engaged in certified activities according to recognised sustainability certification schemes. |
