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Tiryaki Helps Bolster Food Security, Diversify the Economy in Iraq with support from IFC, FMO and Proparco

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IFC, FMO and Proparco are supporting Sama Al-Manar, a subsidiary of Türkiye-based Tiryaki Agro, in developing a new state-of-the-art agro-industrial complex in Iraq's Umm Qasr Port, including a soybean crushing plant and warehouses, which will help bolster food security, create jobs, and diversify the country’s economy away from fossil fuels.
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COP28: Ecobank Transnational Incorporated signs its 1st Sustainability-Linked Loan for US$200m with a syndicate of EDFIs led by Proparco

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A syndicate of European Development Finance Institutions (EDFIs) led by Proparco, and including Norfund, DEG, FMO and EFP, has announced a US$200 million Sustainability-Linked Loan to support Ecobank Group’s Sustainability and Climate strategy. This is a significant milestone as it is the first ever sustainability-linked loan to a sub-Saharan African financial institution. The facility is linked to two major climate commitments including Climate Disclosures and the definition of a Climate Strategy.

The facility also includes a Climate Action Plan. Proparco, in partnership with the German consulting firm IPC, will provide long-term advisory support to Ecobank Transnational Incorporated’s teams to achieve these ambitious targets.
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TBC and Proparco sign a EUR 100 million loan agreement

TBC-Proparco
Proparco has granted a €100 million loan to JSC TBC Bank (TBC Bank) in Georgia. The loan facility, of a maturity of seven years, will be primarily used to finance climate-related investments and female entrepreneurs in Georgia. The facility will reaffirm TBC’s leadership position in the Georgian banking sector for green and sustainable lending and contribute to inclusive economic growth in the country.
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