Banking and Finance European bank’s $86m aid to create jobs in Turkey By Pramod Kumar June 10, 2025, 9:36 AM Louisa Gouliamaki/Reuters EBRD funds will be allocated to companies whose policies encourage the employment of young people and women EBRD will provide loan to TSKB Jobs for women and youth Extra 15% for earthquake regions The European Bank for Reconstruction and Development (EBRD) will provide a €75 million ($86 million) loan to Türkiye Sınai Kalkınma Bankası (TSKB), the country’s development bank, to support businesses that offer opportunities to women and young people. The funding will also back companies impacted by the 2023 earthquakes. At least 15 percent of the funds will be allocated to companies with policies that support youth employment, EBRD said in a statement last week. An additional 15 percent will be allocated to companies operating and investing in earthquake-affected regions. The remainder will be loaned to inclusive companies with policies and practices that promote female employment and leadership. Turkey gets $219m to develop projects in quake-hit cities Development bank targets female employment in Turkey Turkey’s new strategy targets skilled jobs for youth EBRD has conducted six direct-lending transactions with TSKB since 2011, primarily supporting green projects in the country. Last month, the European lender announced that it will provide €195 million to two infrastructure projects in Turkey’s earthquake-hit cities of Adıyaman and Hatay. EBRD is among Turkey’s largest investors, with more than €22 billion ($25 billion) committed through 482 projects. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
