Baku, Azerbaijan, Jan. 16
By Nigar Guliyeva – Trend:
President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti will inaugurate EBRD-Turkey Donor Fund.
He will pay a two-day visit to Turkey on Jan.18-19 and launch the Fund as the country becomes a benefactor to the EBRD, in addition to being a founding shareholder and the Bank’s largest country of operations by investment volume.
As a donor Turkey, through the Undersecretariat of Treasury, will co-finance socially important EBRD-led projects which help boost economic growth and improve people’s lives.
During his visit, Chakrabarti will meet the country’s leadership to take stock of the Bank’s robust contribution to the Turkish economy and discuss the reforms needed to help the country realise its full economic potential.
The programme also includes meetings with the top management of Turkey’s largest conglomerates and the EBRD’s strong partners, Koç and Sabancı holdings, and the biggest private lender İşbank.
In addition, Chakrabarti will address the general assembly of the leading Turkish business association TÜSİAD to reinforce how innovation, economic inclusion and “green” practices can make Turkey’s economy more competitive.
The EBRD is a major investor in the country. To date, the Bank has invested €10 billion in various sectors of the Turkish economy with almost all investments in the private sector.
The Bank focuses on investment in sustainable energy, improving infrastructure, strengthening the competitiveness of the private sector, including of small firms, deepening local capital and local currency markets, while promoting greater job and training opportunities for women, youth and people in remote areas.