With a population of 77 million inhabitants, GDP at USD 800bn (making it the 18th largest economy in the world in 2014) and annual per capita income higher than USD 10,000, Turkey is experiencing remarkable economic and social development. It is an emerging power in the Euro-Mediterranean region, as well as a member of the OECD and “G20” Economic Forum (Presidency in 2015), and a candidate for EU membership. The country is located in a strategic position at the crossroads of Europe, Asia and the Middle East.

In order to meet the challenges posed by employ- ment, energy and the environment, combined with marked regional disparities, Turkey has embarked on a path of more inclusive and low-carbon growth, fully integrating the place of people in society.

The country ratified the Kyoto Protocol in 2009, has adopted a strategy to combat climate change, and renewed its commitment to sustainable development at the United Nations Rio+20 Conference.

The cooperation between France and Turkey is based on a long-standing relationship, close consultation othe major issues of international and regional agendas, and significant levels of trade. A framework agreement on bilateral cooperation for environmental protection was signed in 1996.


TOMORROW screened in Turkey with the support of AFD


The movie “TOMORROW” directed by Mélanie Laurent and Cyril Dion, winner of the César 2016 for the best documentary and supported by AFD shows that there are solutions to solve the ecological, economic and social crises that our countries are facing.

The AFD Turkey Office, in partnership with the Institut Français de Turquie, had the pleasure to cooperate with the "Sustainable Life" Film Festival and the universities of Akdeniz and Galatasaray to present these solutions to a large Turkish audience. The movie was screened simultaneously in 20 cities during the Film Festival in November 2016 and reached around 17,000 people.

The movie was also screened in two universities in order to foster debate in the academic community about the issues raised in the film:

  •  On 22 March at Akdeniz University in Antalya as part of World Water Day. The screening organized by Guillaume CODRON, lecturer in the international relations department at the Akdeniz University, was followed by a discussion on solutions for sustainable development.
  • On 18 May at Galatasaray University, followed by an exchange between the students and Goksen SAHIN LICHA, Environment Project Officer at the AFD Istanbul Office. The questions focused on the applicable solutions in Turkey and the results of the Paris Agreement.

AFD and TSKB launch first project on women's employment and working conditions in Turkey


AFD and Turkish Industrial Development Bank launched their innovative project to support the companies promoting women employment and Occupational Health and Safety.

  PRESS RELEASE (in turkish)   



 CEO TSKB, Mr. Suat İnce

 AFD Director for Turkey, Mr. Bertrand Willocquet

The French Development Agency commit with two new financing: 250 M € for the low-carbon development of Turkey


İstanbul, 19 December 2016. Since its establishment in 2005, the Agence Française de Développement (AFD) has supported Turkey's efforts for green and solidarity-based growth. In this context, AFD has just renewed its support for public transport and the forestry sector with two exemplary operations.
Last week, AFD signed two new credit agreements to finance Turkey's low-carbon projects on urban transport in Istanbul and the national forestry program.

AFD supports sustainable urban development

The agreement signed with the Metropolitan Municipality of Istanbul (MMI) concerns the partial financing of the project of the new metro line M7 Mahmutbey-Mecidiyekoy-Kabatas which will be commissioned in 2019.
This new financing, amounting to € 100 million, is a continuation of a long-term partnership started with the MMI in 2008 in the field of public transport, first with the northern extension of the line Metro M2 (Sishane-Levent-Haciosman), then in 2012 with the south extension of the same line to Yenikapi.

With a length of 22.7 km, the new M7 metro line will serve more than 8 borough municipalities on the western shore of Istanbul and will facilitate access to many business centers (Sisli, Levent, Maslak) (T1 Kabatas-Bagcilar, M2 Yenikapi-Haciosman, M3 Kirazli-Olimpiyat-Basaksehir) as well as maritime transport (Embarkation of Kabatas and Besiktas).

The commissioning of this new line will provide a fast, reliable, comfortable and less carbon-emitting means of transport to the population of Istanbul, since it is expected to reduce CO2 emissions by more than 42,000 t / year.

AFD contributes to the preservation of natural resources and adaptation to climate change

Covering 22.3 million hectares, or about 28.6% of the national territory, Turkish forests are very rich reservoirs of biodiversity and provide economic and ecological services of the utmost importance.

However, climate change and erosion, combined with industrial and urban development resulting from strong economic growth, lead to forest degradation, which must be preserved. To tackle this problem, Turkey has launched a very active policy of reforestation and maintenance of its forests, which aims to increase forest cover from 27% to 30% of the national territory by 2023 and to improve the production potential of Goods and services of these ecosystems.

AFD has been supporting this policy since 2011 and is renewing its support to the Turkish state in the management of its forestry program through a third financial assistance. The € 150 million agreement signed with the Turkish Treasury Under-Secretary-General helps to support the Turkish Forestry Directorate in the sustainable management of its forest resources, thus contributing to the reduction of the carbon footprint from the country.

The operations will involve new plantations on about 375,000 ha, anti-erosion plantations on 688,000 ha and also the rehabilitation of forests and pastures. They will also cover fire-fighting devices, the development of geographic information systems and socio-economic support for forest villagers.

This signature completes a technical collaboration initiated in 2013 between the Turkish General Directorate of Forests and the French National Office of Forests around exchanges of experiences, tools and know-how in the fight against erosion, Forest fires, and the adaptation of forests to climate change, particularly sensitive in the Mediterranean.

These two loans reflect AFD's continued support to Turkey in the implementation of its climate and environmental policies.

Un projet innovant sur l’emploi des femmes et les conditions de travail en Turquie


Press release

TSKB has obtained 100 million EUR loan from the French Development Agency for the purpose of
financing occupational health and safety investments as well as the investments of the companies which support gender equality and women employment in Turkey.

100 million EUR loan to TSKB for supporting the women employment

The Industrial Development Bank of Turkey (TSKB) has obtained 100 million EUR loan from the French Development Agency (AFD) in order to provide financing for the investments of companies, which support gender equality and the employment of women in the work environment, as well as the occupational health and safety investments of the companies, in Turkey.

TSKB has obtained 100 million EUR loan from the French Development Agency (AFD). The loan agreement was signed between AFD and TSKB in Istanbul, on December 7, 2016.

With this loan, it is aimed to finance occupational health and safety investments as well as the investments of the companies which support gender equality and women employment in Turkey.

Suat İnce, the CEO of TSKB, who stated that this loan has great importance in terms of the support, provided by TSKB for women employment, said, “Gender equality is among our priorities in TSKB. The 55 percent share of our women employees is one of the indicators that we are mostly proud of, which shows the importance of this topic. With the agreement signed between AFD and TSKB, we are aiming to extend our approach on women employment throughout our country, in particular to increase the awareness of the real sector. With every woman who participates the business life and improves her economic condition makes us to move a step closer to our objective.”

Suat İnce, who pointed out the esteemed cooperation between TSKB and AFD dating back to 2005, continued as follows: “With AFD, we have cooperated in numerous different areas, such as energy, SMEs, and sustainable tourism within the last 10 years. Through this loan agreement we have signed today, the total amount of the loans we have obtained from AFD has reached 310 million EUR. Although every single project that we finance by AFD loans is very valuable, our new cooperation on the women employment has a particular importance.”

Press release in Turkish   

Environmental performance in the industrial sector: AFD and Halkbank launch a new SUNREF project


On April 27th AFD has organized a seminar in Istanbul dedicated to AFD’s SUNREF label and aiming at identifying market opportunities in the field of renewable energy, energy efficiency and environmental performance in the Turkish industry. On this occasion, AFD and Halkbank have launched a new SUNREF project.


5 green credit lines in Turkey

Between 2006 and 2015, AFD has development 5 green credit lines with its Turkish partner banks. Among these projects:

  • 4 were specifically dedicated to the financing of renewable energy and energy efficiency investments,
  • while the fifth is split between innovative renewables (solar, biomass) on the one hand and sustainable tourism on the other hand.


 These credit facilities are now lying under the umbrella of AFD’s global label SUNREF (Sustainable Use of Natural Resources and Energy Finance).
The SUNREF label and the projects it encompasses were presented on April, 27th during a seminar gathering its various partners in Turkey. On this occasion, eight Turkish companies were rewarded for their successful green investments. KOSGEB, TSKB and Halkbank also received an award for their commitment on AFD’s side for a sustainable development.



Supporting the industry and fostering its environmental and energetic performance

During the seminar, AFD and Halkbank also signed a new SUNREF credit facility aiming at financing Turkish industrialists’ green investments (water, waste, energy, depollution, etc.). Half of the funds of the project will target Organized Industrial Zones (OIZs).

A technical assistance program to ensure the sustainability of the project

AFD’s financing is complemented by a technical assistance program that will ensure a good communication around the project, the promotion of French expertise and know-how, technical support to the project’s main stakeholders (bank, companies, OIZs). It will also seek to create and implement a certification mechanism for Green OIZs.

By bringing together participants from diverse horizons (public institutions, partner banks, French and Turkish companies, etc.) AFD was willing to give this event a broader scope and offer all stakeholders an opportunity to exchange on market opportunities for energy and environmental technologies in the Turkish industry.


Rémy Rioux appointed Chief Executive Officer of Agence Française de Développement by the Council of Ministers today, 25 May 2016


Today, on a proposal made by François Hollande at the Parliament on 27 April 2016 and following a unanimous favorable vote of MPs and a majority of Senators, Mr. Rémy Rioux, 46, Deputy Secretary General of the French Ministry of Foreign affairs and International Development, has been appointed Chief Executive Officer of Agence Française de Développement, a Public Industrial and Commercial Establishment responsible for development in Southern countries and the French overseas territories. Rémy Rioux, AFD’s 11th Chief Executive Officer, will take over as head of AFD on 2 June 2016.

Rémy Rioux was born in June 1969 in Neuilly-sur-Seine and is an alumnus of the Ecole Normale Supérieure, rue d’Ulm, Sciences Po, and the Ecole Nationale d’Administration. He is a historian by training, a former student of Alain Corbin and Pierre Nora, and Senior Advisor at the Court of Auditors. During his career, he has alternately held responsibilities in France and for development in Africa.

Rémy Rioux appointed Chief Executive Officer of AFD © Alain Buu

At the age of 26, Rémy Rioux discovered Africa during an ENA internship in Benin, and subsequently by campaigning to promote the harmonization of business law in Africa. He has a love of this continent and has travelled across it throughout his career, established close ties there, and acquired a recognized expertise in development issues. He worked at the Directorate of the Treasury from 2004 to 2007, and subsequently from 2010 to 2012, where he contributed to modernizing monetary cooperation with African Franc Zone member countries, participated in the resolution of the Ivorian crisis, and contributed to making the issue of infrastructure and development central to the international agenda of the G20. At the time, he was a Member of the Boards of Directors of AFD and its subsidiary PROPARCO.

Rémy Rioux also conducted control missions in the energy and defense sectors at the Court of Auditors between 1997 and 2004. He worked at the Ministry of the Interior from 2000 to 2002, at the Office of the Minister Daniel Vaillant, where he was responsible for the budget and changeover to the euro. He also held a position at the State Holdings Agency (APE), from 2007 to 2010, as Chief Investment Officer responsible for the transport and media sectors, and sat on the Boards of Directors of various companies (SNCF, RATP, ADP, Renault, France Télévisions, France Médias Monde, Arte, le Grand Port Maritime du Havre).

In 2012, he was Director of the Office of the Minister of the Economy, Finance and Foreign Trade, Pierre Moscovici. He was actively involved in redefining economic relations between Africa and France and in the work conducted by Jacques Attali on economic Francophonie. Two years later, Laurent Fabius, Minister of Foreign Affairs and International Development, appointed him Deputy Secretary General of the Ministry, in charge of economic issues. Alongside the Minister, he managed the financial component of the negotiations for COP21.

Following the announcement made by the French President in September 2015 of a revival of France’s Official Development Assistance policy and an increase in development and climate finance (by EUR 4bn by 2020, to reach EUR 12.5bn of annual commitments, including EUR 5bn for the climate), he was entrusted with a preparatory mission for the establishment of closer ties between Agence Française de Développement and Caisse des Dépôts, which aims to provide France with a tool capable of meeting the challenges of the Sustainable Development Goals.

He is a man of dialogue and conviction and is deeply attached to the Massif Central region, particularly Corrèze and Lozère, where he regularly stays with his wife and three children.

Key Dates

  • 26 June 1969: Born in Neuilly-sur-Seine, France
  • 1997: Auditor at the Court of Auditors on leaving ENA (Marc Bloch Class), where he became Senior Advisor in 2013
  • 2001 and 2002: Budget Advisor at the Office of Daniel Vaillant at the Ministry of the Interior
  • 2003: Control missions in the energy and defense sectors at the Court of Auditors
  • 2004: General Directorate of the Treasury, Head of the Office for Monetary and Development Cooperation with African, Caribbean, Pacific and Franc Zone countries
  • 2007: Deputy Director for the transport and audiovisual sectors at the State Holdings Agency (APE)
  • 2010: Deputy Director for international financial affairs and development at the General Directorate of the Treasury
  • 2012 to 2014: Director of the Office of Mr. Pierre Moscovici at the Ministry of the Economy and Finance
  • 2014: Deputy Secretary General of the Ministry of Foreign Affairs and International Development in charge of economic affairs
  • 2015: Responsible for financial matters in the French negotiation team for COP21.
  • June 2016: Appointed the 11th Chief Executive Officer of Agence Française de Développement.

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