EBRD helps Turkish pulses producer Yayla meet rising demand

The European Bank for Reconstruction and Development has agreed a €25 million working capital loan to Turkey's Yayla Agro to allow it to increase its production of pulses as demand spikes around the world amid the COVID-19 crisis.

Arvid Tuerkner, EBRD Managing Director for Turkey, said: “As consumers across the globe are stocking up on food essentials, we have seen dry beans and other pulses as well as Yayla’s ready-made meals flying off store shelves here in Turkey."

The new financing is part of the EBRD’s efforts to help countries where it invests combat the impact of the coronavirus and support the recovery.