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Turkey signs $5.1B accords

Turkey signs $5.1B accords

Turkey signed 10 financing agreements worth a total of $5.1 billion with four international development institutions on the sidelines of the COP31 conference in Antalya, to support infrastructure, energy and green transition projects. The institutions include the Asian Development Bank, the Asian Infrastructure Investment Bank, the World Bank and the Islamic Development Bank. Treasury and Finance Minister Mehmet Şimşek said the funding would support climate and development projects, noting that the Asian Development Bank’s total financing for Turkey would reach $3.1 billion over the course of a year.

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