Turk Eximbank has secured a EUR 1 billion commercial loan, guaranteed by the World Bank, to aid Turkish exporters in adapting to the EU's upcoming carbon import tariff. Signed on May 7, the 10-year loan is provided by Deutsche Bank, Standard Chartered, BNP Paribas, and ING, marking Turk Eximbank's largest borrowing transaction.

The International Bank of Reconstruction and Development (IBRD) is providing a EUR 600 million first-loss guarantee. This is the IBRD's first support for a green export loan. Turkey's Ministry of Treasury and Finance also provided a counter-guarantee.

The funds will assist exporters affected by the EU's carbon border adjustment mechanism (CBAM), effective from 2026. Turk Eximbank's general manager, Ali Güney, highlighted the role of financing in helping exporters decarbonize and maintain competitiveness. Additionally, part of the loan will support Es and companies promoting women's workforce participation.