Vice President Cevdet Yılmaz held talks on Tuesday with Odile Renaud-Basso, the president of the European Bank for Reconstruction and Development (EBRD), as a part of his official contacts in London.
Yılmaz arrived in London on Monday for investor talks and official contacts and met Renaud-Basso and delegations on the Turkish Embassy in London.
The two mentioned the EBRD investments in Türkiye and the potential for additional cooperation.
“Green financing, high value-added exports and technology-oriented sector investments and the EBRD supports for women and youth were among the other priority topics of our meeting,” the Turkish vp wrote on X, previously Twitter.
Recalling that to this point, the EBRD has supplied greater than 19 billion euros ($20.6 billion) in monetary assist to personal and public establishments in Türkiye, Yılmaz thanked the financial institution’s delegation “for their close solidarity after the Kahramanmaraş-centered earthquakes in Türkiye” and hoped that cooperation would proceed to boost.
The financing supplied by the EBRD to Türkiye climbed to a brand new document excessive of practically 2.5 billion euros in 2023, boosted by the lender’s response within the wake of a pair of highly effective earthquakes that struck the nation’s southeastern area in February.
Türkiye, thus, emerged because the nation that obtained the most important quantity of funding within the EBRD’s portfolio in 2023, adopted by Ukraine, with financing at over 2 billion euros. In 2022, the EBRD had invested 1.63 billion euros within the nation, whereas in 2021, the financial institution’s investments in Türkiye topped 2 billion euros.
Separate conferences with British Deputy Prime Minister Oliver Dowden and representatives of the Turkish Cypriot group had been additionally anticipated throughout the day, based on an Anadolu Agency (AA) report.
Yılmaz can also be anticipated to fulfill with representatives of the Turkish group on the Yunus Emre Institute Turkish Cultural Center and to carry a gathering with traders on the London Stock Exchange for talks on funding alternatives in Türkiye.
The head of the Presidential Investment Office, Ahmet Burak Dağlıoğlu, is accompanying Yılmaz.
Following the shift towards extra typical policymaking and subsequent rate of interest hikes, Türkiye has sought to draw international traders, as prime financial system officers held a collection of conferences to acquaint the worldwide group with insurance policies and the brand new medium-term program focusing on sustainable progress, unveiled final September.
Source: www.dailysabah.com