Pointing at a row of new washers and dryers at an industrial laundry in Istanbul, owner İkbal Yiğitalp emphasizes that, especially with today’s higher costs, businesses like hers need help to grow. “That is why accessing financing — with suitable credit, suitable conditions, and suitable rates — is so important. There are many sectors, but that is a common problem for all of us.”
For any business, from İkbal’s laundry operation to the largest multinational, access to long-term financing can make the difference between postponing a critical investment and moving ahead with it: to buy new equipment, to expand production, to enter a new market, or to retain workers during a difficult period.
This matters because the private sector creates nine out of every 10 jobs in developing economies, and Türkiye is no exception. Creating those jobs requires foundations for businesses to succeed: infrastructure to connect with customers and markets; sound economic management; clear and predictable rules; and financing to hire, build, and expand.
Those foundations require significant financial resources, more than are available from public sources alone. One way Türkiye can close that gap is by drawing additional investment from private investors. But attracting private investment can be challenging without the structures that enable firms to invest at scale, the information necessary to assess investment opportunities, or the confidence that an investment matches risk appetite.
