EBRD Unveils Turkey Strategy for 2024-2029

The European Bank for Reconstruction and Development (EBRD) has announced its five-year investment strategy for Turkey until the end of 2029. The bank has identified four key areas for investment priorities in the country: intensifying the green transition, supporting the development of human capital, enhancing Turkey's global competitiveness, and strengthening the country's infrastructure and regional integration.

In its statement, the EBRD noted, "Over the past five years, the Bank has provided nearly €10 billion for the investment targets under the previous country strategy, helping Turkey make significant progress in green investments, digital transformation, and inclusive policies in its private sector. In 2023 alone, with the contribution of the Bank's €1.5 billion support package for the earthquake-affected region, the EBRD has invested a record €2.5 billion in the country. Drawing on a strong track record, the EBRD will guide investments and policy dialogue within a strategic framework with a strong emphasis on the green transition and climate resilience."

The announcement indicated that key investment areas for the EBRD continue to be the green transition and climate change mitigation, stating, "The Bank is committed to providing support for increasing renewable energy integration, resource efficiency, decarbonization, the sustainability of municipal services, and enhancing climate resilience."

The EBRD's second priority is defined as developing Turkey's human capital through investments aimed at promoting greater gender equality and economic and regional inclusivity, stating, "The Bank aims to achieve this by focusing on skills development, gender equality, and access to inclusive economic participation in projects while addressing regional inequalities."

The third investment priority for the EBRD is expressed as enhancing Turkey's competitiveness through investments leading to increased efficiency, innovation, and stronger governance.