The International Finance Corporation (IFC) has announced a $100 million loan to QNB Leasing to accelerate Türkiye’s transition to a low-carbon economy. This investment is aimed at enhancing sustainable energy and blue finance initiatives, particularly focusing on providing capital to small and medium enterprises (SMEs), which make up 99% of Turkish businesses.
Key Highlights
- Energy and Blue Finance Focus: The loan will help finance energy efficiency projects, renewable energy investments, and sustainable water resource initiatives, with at least 10% of the funds dedicated to blue finance projects.
- SME Support: By using a leasing model, QNB Leasing will provide SMEs access to funding without requiring collateral or a strong credit history, enabling them to modernize equipment and reduce energy costs.
- Sustainable Growth: This collaboration aims to foster innovation, create jobs, and drive Türkiye’s economic growth while addressing urgent environmental challenges.
Quotes from Key Stakeholders
Osman Tas, General Manager of QNB Leasing, emphasized the importance of sustainable finance: “This collaboration with IFC is a significant step in driving Türkiye’s economic growth through smart, sustainable investments.”
Momina Aijazuddin, IFC Regional Industry Head for Financial Institutions, highlighted the broader impact: “Our strategic partnership with QNB Leasing will unlock new opportunities for small businesses and inspire other leasing companies to enhance sustainable financing.”
The Bigger Picture
Türkiye is now IFC’s third-largest country exposure, with nearly $5.4 billion in committed investments as of February 2025. This new funding solidifies IFC’s role in supporting Türkiye’s financial ecosystem as it adapts to sustainability challenges.
This partnership between IFC and QNB Leasing not only supports Türkiye’s low-carbon transition but also strengthens the country’s resilience to environmental and economic challenges.
