Türkiye has secured a groundbreaking $5 billion financing deal with the Asian Infrastructure Investment Bank (AIIB), marking the beginning of a multi-year partnership to fund vital infrastructure and sustainable development projects across the country.
In a significant step towards deepening international financial cooperation, Türkiye’s Treasury and Finance Ministry has formalized a $5 billion financing deal with the Asian Infrastructure Investment Bank (AIIB) to support key public projects across the country.
The Memorandum of Understanding (MoU), signed on Monday, marks the first-ever multi-year framework between Türkiye and AIIB, setting the stage for a robust partnership through 2027.
The deal will fund crucial infrastructure projects in sectors such as energy, transportation, water management, and export financing, with an emphasis on sustainable and green development. This financing commitment underscores Türkiye’s growing prominence as a preferred partner in global development, driven by its strategic economic plans and strong ties with international development banks.
In addition to the public sector financing, AIIB plans to inject another $5 billion into Türkiye’s private sector, further diversifying funding sources for businesses and infrastructure projects. By the end of 2024, Türkiye’s active portfolio with international financial institutions is expected to reach an impressive $35 billion, a testament to the confidence global partners have in the country’s economic stability and growth potential.
This landmark agreement positions Türkiye as a key player in regional and global development efforts, unlocking new opportunities for both public and private sector growth.
Iran will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior ...
A known Islamist suspected of driving a minivan into a crowd near a major LGBTQ Pride gathering in Berlin was shot dead during a police operation at a...
Britain's new Prime Minister Andy Burnham "will always put Britain's interests first", he told the BBC in an interview when asked whether he was willi...
Russian authorities said 11 people, including four children, had been killed by Ukraine in an overnight attack on a holiday camp, accusing Kyiv on Saturday of deliberately targeting civilians.
Iran will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior Iranian source told on Sunday.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 25th of July, covering the latest developments you need to know.
Italian Defence Minister Guido Crosetto recently offered the dismissed Ukraine’s Defence Minister, Mykhailo Federov an adviser role in Italy.
U.S. President Donald Trump says Israeli Prime Minister Benjamin Netanyahu will visit Washington next week as tensions continue to rise across the Middle East.
Israeli settlers attacked Palestinian villages in the West Bank early on Sunday, setting fire to two mosques and scrawling graffiti on buildings, Palestinian officials said.
A new state agency wants the world to take Georgian food as seriously as Georgians already do.
Kazakhstan and Uzbekistan have signed regional and commercial agreements worth more than 80 billion tenge ($146 million). The deals aim to expand cooperation between the two Central Asian neighbors in trade, transport, industry and cross-border development.
UN Secretary General António Guterres arrived in Damascus on Saturday for the first trip to Syria by a serving United Nations' chief since 2009, before the start of a civil war that killed hundreds of thousands and displaced millions.
More than 100 Afghan business representatives travelled to Uzbekistan this week for a business forum aimed at expanding trade and investment, as Uzbek investors also expressed interest in Afghanistan’s mining sector.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment