The Republic of Turkey became a member of IFC (International Finance Corporation) in 1956. Turkey represents IFC's second largest country exposure in terms of committed portfolio and IFC’s second largest in terms of outstanding portfolio. Currently, committed and outstanding portfolio for IFC’s own account is US$ 2.6 billion and US$2.2 billion respectively. Committed syndicated loans are US$1.3 billion. Equity accounts for around 10.2% of IFC’s committed portfolio. Financial market financing dominates IFC portfolio (46%). In FY13, IFC delivered a record US$985 million in 20 projects in priority areas: supporting exporters, MSMEs, renewable energy, energy efficiency, cleaner production and energy security, health, education, infrastructure, trade finance, and Turkish companies investing in the region and beyond.
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