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.
TEKNOFEST opened its doors on Wednesday (17 September) at Istanbul Ataturk Airport, bringing together technology lovers, innovators, and entrepreneurs...
Venezuela will launch a large-scale, three-day military exercise near La Orchila island, involving thousands of troops, naval vessels, aircraft, and d...
Around 300 local and international media representatives will be accredited at the Media Centre established by the Baku City Circuit Operations Compan...
Chinese President Xi Jinping and U.S. President Donald Trump are expected to attend the Asia-Pacific Economic Cooperation (APEC) summit next month in ...
Saudi Arabia and Pakistan have formalised a mutual defence agreement, reinforcing a decades-long security partnership, Pakistani state television repo...
TEKNOFEST opened its doors on Wednesday (17 September) at Istanbul Ataturk Airport, bringing together technology lovers, innovators, and entrepreneurs.
Türkiye says it welcomes a seven-step Syrian roadmap that aims to preserve calm, ensure stability and prevent renewed conflict in Sweida province in the south of the country.
As India advances its own initiative to link South Asia with Europe, the competition for future trade routes is intensifying. But will India’s corridor become a real rival—or just another headline?
Türkiye’s Foreign Minister Hakan Fidan has stated that once the final signatures are placed on the peace deal between Armenia and Azerbaijan, the normalisation process between Türkiye and Armenia will progress rapidly.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
TEKNOFEST opened its doors on Wednesday (17 September) at Istanbul Ataturk Airport, bringing together technology lovers, innovators, and entrepreneurs.
Around 300 local and international media representatives will be accredited at the Media Centre established by the Baku City Circuit Operations Company to cover this year’s Formula 1 Azerbaijan Grand Prix.
Georgian Prime Minister Irakli Kobakhidze said during a press briefing in Adjara that some non-governmental organisations (NGOs) have engaged in anti-state activities and attempted to instigate revolutionary processes with the support of foreign funding.
European Union Enlargement Commissioner Marta Kos has set off on Wednesday for a three-day visit to Azerbaijan and Armenia. The trip comes at a pivotal moment for EU engagement in the South Caucasus and aims to support the Armenia–Azerbaijan peace process.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment