The Dutch development bank FMO is introducing the NASIRA+ program to Türkiye, emphasizing environmental and social sustainability. This initiative aims to increase the positive impact of financed projects on both environmental and social fronts.
A new step in sustainable finance
In collaboration with financial institutions in Türkiye, the program will support projects focused on renewable energy, energy efficiency, and social development. This will promote not only environmental sustainability but also economic growth. With an increase in green investments, Türkiye’s transition to a low-carbon economy is expected to accelerate.
FMO’s move opens up new opportunities in sustainable finance within Türkiye, enabling financial institutions to enhance their social responsibility efforts.
Beeld: © FMO
Supporting SMEs’ access to finance
Building on this momentum, a new credit guarantee fund supported by the European Union is set to launch in Türkiye with the aim of improving small and medium-sized enterprises’ (SMEs) access to financing. SMEs, which form the backbone of Türkiye’s economy, often face challenges securing loans, especially due to collateral requirements and risk perceptions.
By providing a €200 million credit portfolio guarantee, this fund will enable banks to offer loans to SMEs more easily and under better terms. Currently, Şekerbank has been appointed as the implementing bank, with plans to expand participation to other Turkish banks in the near future.
This initiative is expected to increase investments and employment, and to foster economic growth by providing essential funding to SMEs. Managed in collaboration with local financial institutions, the fund serves as a strong instrument to enhance Türkiye’s economic resilience and boost the competitiveness of its SME sector.