Turkey has secured €1.5 billion in financing to support small and medium‑sized enterprises (SMEs) under a new project aimed at boosting employment and growth, the Treasury and Finance Ministry said.
The “Access to Finance for Employment and Growth Project,” approved by the World Bank’s Executive Directors, will be implemented by Vakıfbank. Of the total credit line, €750 million will be guaranteed by the World Bank.
The ministry said the program will prioritize businesses with high female employment and those affected by natural disasters, providing longer‑term and lower‑cost external financing. The initiative is designed to strengthen the real sector by offering favorable credit to SMEs, with a focus on supporting women and youth employment.
Treasury and Finance Minister Mehmet Şimşek said concessional external financing approved by the World Bank in 2025 had reached about $4.2 billion. He added that the long‑standing cooperation with the World Bank would continue, noting that expanding job opportunities for women and young people would make a significant contribution to economic development.