Page 41 - TURKRptOct19

5.3 FDI
TURKEY -FDI
2013
2014
2015
2016
2017
2018
Jan-Jul
FDI Net (BoP)
9,927
6,287
14,178
10,812
8,845
9,354
3,737
FDI net inflows (BoP)
13,563
13,337
19,274
13,950
11,546
13,002
5420
FDI net inflows (% of GDP)
1.43
1.43
2.24
1.62
1.36
1.69
-
FDI net outflows (% of GDP)
0.38
0.75
0.59
0.36
0.32
0.48
-
The European Bank for Reconstruction and Development’s (EBRD’s) investments in Turkey amounted to $1.2bn last year and the lender has already invested $622mn in the country this year, according to the development bank’s president Suma Chakrabarti.
“I am pretty confident that we will come close to a billion this year," Chakrabarti said.
Chakrabarti noted that the bank has invested $7.5mn in Turkish supermarket chain Migros to support a project on environmental sustainability, and nearly $1mn in Arcelik, a house appliances producer, with the capital going into R&D
41 TURKEY Country Report October 2019 www.intellinews.com