In collaboration with Vakifbank, Agence Française de Développement (AFD) has launched a comprehensive facility including a dedicated credit line for technical assistance (TA) that aimed to increase access to finance for the Turkish agricultural sector and promote high value-added and sustainable investments.
The TA support provided by Frankfurt School to Vakifbank comprised two consecutive projects as follows: The first TA Project builds the capacity of Vakifbank’s staff to assess agricultural projects and create awareness on environmental issues. The second TA Project helps Vakifbank implement the TA to support rural development in Turkey. It encourages Vakifbank to identify and promote high added-value agricultural and agri-food practices, thereby helping the bank to differentiate itself in the Turkish market and support higher revenue and environmentally and socially (E&S) sustainable agricultural and agri-food enterprises, farmers and cooperatives.
Under the first TA Project (Feb 2018 – Feb 2019), Frankfurt School experts supported Vakifbank through classroom and on-the-job trainings on selected issues while developing new products/schemes for agricultural finance and creating awareness on E&S issues with the following results:
For the second TA Project (June 2018 – December 2019), the Frankfurt School expert team delivered the following activities and outputs: