17.02.2025 15:34
The Ministry of Treasury and Finance announced that approximately $5 billion in financing has been secured from the Asian Infrastructure Investment Bank (AIIB) for public projects in Turkey between 2025 and 2027. The signed Memorandum of Understanding will support projects focused on sustainable development.
In a statement made by the Ministry of Treasury and Finance, it was reported that approximately 5 billion dollars of financing has been provided from the Asian Infrastructure Investment Bank (AIIB) for public projects in Turkey for a period of 3 years. In the statement made through the official social media account of the Ministry of Treasury and Finance, it was noted that approximately 5 billion dollars of financing has been provided from the Asian Infrastructure Investment Bank (AIIB) for public projects in Turkey between the years 2025-2027.
"STRONG PARTNERSHIP STRENGTHENED"
The statement recorded that the provision of this financing from AIIB was solidified by the Memorandum of Understanding signed at the meeting where Minister of Treasury and Finance Mehmet Şimşek and AIIB President Jin Liqun met in Al-Ula. The statement included the expressions, "With this Memorandum of Understanding, a multi-year framework has been established with AIIB for the first time, and our cooperation has been further strengthened." The statement used the following expressions: The signed Memorandum of Understanding will reinforce the strong partnership between Turkey and AIIB, while providing significant contributions to projects aimed at sustainable and green development. Development-oriented projects will be supported in many areas, primarily in energy, transportation, the real sector, financing of exports, health, and water management.
In addition to the financing to be provided to the public sector, it is anticipated that an additional financing of 5 billion dollars will be provided for private sector projects in the future. Thus, while the diversity of resources for our real sector and exporters will increase, conditional financing will be provided for infrastructure and superstructure projects in different sectors and regions."