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  HOME PAGE 07/10/2024 13:23 
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Support of 2.3 billion dollars for small and medium-sized enterprises.

Support of 2.3 billion dollars for small and medium-sized enterprises.

07.10.2024 11:23

The Minister of Treasury and Finance, Mehmet Şimşek, announced that they have allocated approximately 2.3 billion dollars this year to be directed towards SMEs and exporters. The support will be used for the reconstruction of economic activities and green transformation projects.

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The Minister of Treasury and Finance, Mehmet Şimşek, stated that they have provided approximately 2.3 billion dollars in resources this year to be directed to SMEs and exporters through Eximbank and development banks, saying, "In this context, we will continue our efforts to facilitate SMEs' access to finance during the disinflation process. We are also working on measures to enhance the competitiveness of certain sectors affected by the disinflation process."

Minister Şimşek said they continue to support the real sector, primarily SMEs and exporters.

Emphasizing that they are continuing their efforts to eliminate the difficulties experienced after the earthquakes centered in Kahramanmaraş and to support businesses outside the earthquake zone, Şimşek stated, "In this context, we are providing our businesses with long-term, favorable condition loans in close cooperation with international organizations. These loans not only enable the realization of our businesses' investment projects but also support the acceleration of projects prioritizing sustainability within the scope of green transformation." he said.



2.3 BILLION DOLLARS SUPPORT FOR SMEs



Şimşek drew attention to the fact that they have provided approximately 2.3 billion dollars in resources this year to be directed to SMEs and exporters through Eximbank and development banks from many international organizations, providing the following information:



"Through Eximbank, approximately 1 billion dollars in resources have been provided for exporters' green export projects, green infrastructure support projects, and working capital needs. Through our development banks, approximately 1.3 billion dollars in resources have been secured to support our SMEs."



WILL ALSO BE USED FOR THE EARTHQUAKE REGION



Minister Şimşek also stated regarding the areas where these resources will be used, "This resource will be used to contribute to the food security projects of SMEs in the earthquake region and to rebuild their economic activities. Additionally, it aims to support the financing of businesses' international trade, support investments for emission reduction across the country, and finance electricity production investments and energy storage system projects to meet the private sector's domestic consumption needs." he expressed.



Şimşek noted that the private sector has started to use these resources and that the allocations will continue, stating, "We are always by the side of our small and medium-sized enterprises. Our close cooperation with international organizations continues, and our efforts to secure long-term and favorable condition loans to support the real sector will continue. In this context, we will continue our efforts to facilitate SMEs' access to finance during the disinflation process. We are also working on measures to enhance the competitiveness of certain sectors affected by the disinflation process."



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