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The World Bank Group has brought in more than $21 billion in private sector capital for Türkiye since 2022, with annual funding reaching $5.4 billion in fiscal 2026, as the country ranks among the largest recipients of its private investment mobilization worldwide.
The latest figure marks a 520% increase from 2022, reflecting a sharp expansion in the group's efforts to bring private financing into the Turkish economy, according to a statement from the bank.
The group's work in Türkiye has focused on expanding small businesses' access to financing, supporting employment and entrepreneurship, and securing long-term private funding for critical infrastructure projects.
Under the FINGROW program, a World Bank Group guarantee of $868 million has helped mobilize $1.74 billion in private sector capital for small businesses in Türkiye, the group said.
The program aims to reach about 30,000 businesses, including 1,000 youth-led firms and 15,000 women-led firms.
It is also expected to contribute to over 400,000 additional jobs with better pay.
During its first five months, FINGROW had already reached about 8,000 businesses employing around 200,000 people.
The increase extended beyond Türkiye, with the World Bank Group more than tripling the private capital it helped mobilize for developing economies from $35 billion in fiscal 2022 to a record $112 billion in fiscal 2026.
The group attributed the growth to efforts to bring more private investors into development projects through guarantees, financing arrangements and measures to reduce investment barriers. Including the group's own financing, total financing for developing economies exceeded $200 billion in fiscal 2026.
The gains spanned income groups and regions. Private capital mobilization in upper-middle-income economies climbed to $50 billion from $12 billion in fiscal 2022, while lower-middle-income countries saw the figure rise to $37 billion from $14 billion.
In Africa, it jumped nearly 150% to $22 billion from approximately $9 billion.
The figure for low-income countries remained steady at about $3 billion.
The group also issued more than $25 billion in guarantees in fiscal 2026, exceeding its target of $20 billion in annual issuance by 2030, four years ahead of schedule.
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