The International Finance Corporation (IFC) has invested $1.1 billion in Turkish companies over the course of a year, to support the development of the private sector, increase its resilience against the effects of the COVID-19 pandemic, and accelerate economic recovery.

The Foundation said in a statement, Wednesday, that it transferred $1.1 billion to Turkish companies between June 2020 and the same month of 2021.

She explained that her investments in Turkey came with the aim of facilitating financial access for affected companies, increasing the country’s competitiveness, combating global warming and reducing the effects of Corona.

Webek Schulmer, director of IFC in Europe and Central Asia, stated that Turkey ranks third in the world in IFC investments.

He added that the Foundation is ready to do its utmost to help develop the private sector, economic development and provide new job opportunities in Turkey.

It is noteworthy that the International Finance Corporation has allocated $ 8 billion to reduce the effects of the Corona pandemic globally since March 2020.