The European Bank for Reconstruction and Development (EBRD) and Citi are jointly supporting the rollout of a sustainable supply chain finance programme for Finnish technology and services company Metso Outotec and its suppliers in Türkiye, the majority of which are small and medium-sized enterprises (SMEs).
The EBRD’s funded risk participation of up to €25m in Metso Outotec’s supply chain finance programme in Türkiye – administered by Citi – will support eligible suppliers based in the country, providing them with access to affordable working capital finance.
This programme will benefit from grant funding from the Türkiye-EBRD Cooperation Fund, which will be used to incorporate an outcome-based incentive that delivers financial rewards to suppliers for meeting pre-defined emissions reduction targets.
