IFC has announced a $50 million investment in a home textiles manufacturer to enhance sustainable production in Turkiye, including new polyester chip and textile recycling facilities, and solar energy systems.
The project aims to create 700 jobs, boost exports, and advance gender inclusion policies.
Turkiye, IFC’s third-largest exposure, has seen over $20 billion in IFC investments in the past decade.
IFC has announced a $50 million investment in a home textiles manufacturer to enhance sustainable production in Turkiye, including new polyester chip and textile recycling facilities, and solar energy systems.
The project aims to create 700 jobs, boost exports, and advance gender inclusion policies.
Turkiye, IFC’s third-largest exposure, has seen over $20 billion in IFC investments in the past decade.