Tapping Sustainable Finance to Tackle Climate Change
Izmir, Turkey’s third-largest city, is one of the most livable cities in the Mediterranean region, surrounded by beaches and historic sites. The city’s port has been a major hub for regional trade for thousands of years. But like many cities around the world, Izmir faces major sustainability challenges such as water scarcity, regional forest fires, earthquakes and a substantial gender imbalance in the workforce. To help Izmir in its fight against climate change, IFC has signed its first global sustainability-linked loan in the infrastructure space.
