IFC assisting in waste sector, sustainable cities


June 28, 2016






June 28, 2016





A roundtable brought together international and local waste management companies, the nation’s metropolitan municipalities and the Ministry of Environment and Urbanization to help Turkey’s cities become more sustainable and combat the challenges of rapid urbanization. The event was organized by the International Finance Corporation, a member of the World Bank Group.

Turkey’s population of 75 million produces 32 million tonnes of waste each year, but its landfills complying with the standards of the European Union have a total capacity of 400 million tonnes, and are expected to be full in 10 years, IFC’s report said.

“Beyond the financing that helps us expand our business, IFC’s standards encourage us to maintain excellence at global best practice levels and scale up sustainably,” said Jan Nahum, chairman and chief executive of Hexagon Solid Waste.

While waste management regulations and standards have improved significantly in Turkey over the last decade, the country could face intense challenges in municipal solid waste management, unless integrated and region-specific solutions are introduced, the press release said. Significant portion of municipal solid waste is disposed at municipal dumpsites, resulting in significant environmental challenges and greenhouse gas emissions, the institution adds.

“Turkish cities are among the world’s fastest growing and face many urbanization challenges, which neither the private sector nor the public sector can handle alone,” said Aisha Williams, IFC’s country manager for Turkey. “We not only partner with innovative companies and Turkey’s municipalities to help address these issues, but we also aim to promote further cooperation, knowledge sharing and new partnerships with such events.”

The World Bank Group member said the Cities Initiative aims to scale up its financial and advisory services offerings to help cities become more competitive by strengthening institutions and regulations. It is improving critical infrastructure and environmental sustainability; fostering skills and innovation, and expanding access to finance, according to the statement. In Turkey, IFC is working with the cities of Izmir, Istanbul and Antalya, providing support to develop and finance sustainable urban infrastructure projects such as waste to energy, mass public transport and wastewater treatment. Turkey is IFC’s second-largest country of operations globally and host to its largest office outside Washington D.C.


Related Articles

Full decarbonization of production is Elixir Group's strategic goal for 2030

Full decarbonization of production is Elixir Group’s strategic goal for 2030

10 June 2024 - At the production location in Prahovo, which is the center of Elixir's chemical production, four new greenfield plants with a completely new industrial infrastructure will be built by 2027, which are investments worth around 300 million euros

World Oceans Day 2024 Awaken New Depths

World Oceans Day 2024: Awaken New Depths

07 June 2024 - Awaken New Depths is the slogan for this year's World Oceans Day, which has been celebrated every June 8 since 2008


Serbia’s energy-intensive industries brace for CBAM, seek state support to apply decarbonization solutions

22 May 2024 - Companies in Serbia are not afraid of decarbonization and CBAM, but are worried the state does not recognize what needs to be done to help the affected industries

CBAM ante portas – the ball is in Serbia’s court to facilitate conditions for its companies

CBAM ante portas – the ball is in Serbia’s court to facilitate conditions for its companies

12 May 2024 - Industrial players in Serbia have all the knowhow for minimizing emissions and participating in the country's environmental renewal, according to Lafarge Serbia's CEO Dimitrije Knjeginjić