Dutch lender FMO invests $360 million in Turkey ANADOLU AGENCY
Published 15 hours ago
Director at the Netherlands' Development Finance Company says Turkish green businesses are its main investment target.
A senior figure from a Dutch development agency has described Turkey – with an investment portfolio of $360 million – as "an important country".
Frederik Kummersteiner, director of Infrastructure, Manufacturing & Services at the Netherlands Development Finance Company (FMO), was speaking to Anadolu Agency this week, ahead of a Turkish Central Bank decision on interest rates.
FMO is one of the most important private sector development agencies in the world, with an investment portfolio of €8 billion [$8.7 billion], spanning 85 countries.
Turkey is an important investment target for the agency, Kummersteiner said, saying their focus had shifted to funding green projects.
"Despite the recent turmoil, Turkey remains a country with a generally well-educated and entrepreneurial population," he said, adding:
"Its judicial and legislative institutions are well developed and there is a well-functioning market economy.
Dutch lender FMO invests $360 million in Turkey - Daily Sabah