Supporting urban development
Supporting business development
Preserving natural resources
Promoting employment for all
Turkey, the future 10th largest world economic power in 2023, the year marking the centenary of the Turkish Republic ? It is in any case the stated ambition of this emerging country with 79 million inhabitants and a young and urbanized population. Turkey is at the crossroads of Eastern and Western civilizations, has a foothold in Asia and another in Europe, its main economic partner. It benefits from a strategic position and is asserting itself as a regional power.
Turkey houses a biodiversity that is unique in the world and is bathed by the Black, Mediterranean, Marmara and Aegean Seas. It is aware of the threat of climate change and must ensure that it preserves its natural heritage.
There are other challenges : a slowdown in growth, rising unemployment, political tensions and the terrorist risk, which have weakened the performance of tourism and reduced foreign investments. This is without forgetting the Syrian crisis, which has a strong impact on Turkey.
To address these issues, the country has set out on a path towards more balanced and sustainable growth.
AFD has been operating in the country since 2004 and is supporting its economic emergence through loans to the State, companies and private banks. It is accredited to manage European funds and also wishes to mobilize the Instrument for Pre-Accession Assistance (IPA), and thereby contribute to the European response in the implementation of the Refugee Facility. We have committed a total of EUR 2.2bn in Turkey to finance 44 projects.