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.
Armenia remains hopeful that talks with Türkiye on reopening the border will yield positive results, with National Assembly Speaker Alen Simonyan reaffirming the country’s commitment to regional peace and stability, as reported by Armenian media.
Turkey has begun exporting around 15,000 tonnes of eggs to the United States as a devastating outbreak of bird flu is slashing U.S. production and sending prices soaring, a leading sector official said on Wednesday.
Ukrainian President Volodymyr Zelenskyy met with Turkish President Tayyip Erdogan on Tuesday, February 18, to discuss the ongoing war in Ukraine.
Turkish police arrested 282 individuals allegedly connected to the PKK terrorist group during nationwide raids over the last five days. Turkish Interior Minister Ali Yerlikaya announced on Tuesday.
Türkiye commemorates 73 years of NATO membership, emphasising its vital role in global security. As a key ally since 1952, Ankara continues to strengthen the alliance through its strategic position and military capabilities, reinforcing shared values amid evolving Euro-Atlantic security challenges.
Pope Francis is showing improvement, the Vatican said, as the pontiff began his eighth day in hospital. Francis was admitted after struggling with breathing and is being treated for pneumonia.
EU boosts undersea cable security with nearly €1B reallocation, enhancing surveillance, deterrence, and rapid response. A new data-sharing system, drone program, and emergency repair fleet aim to protect critical infrastructure amid rising sabotage concerns.
China's centuries-old treasures have been pulled out of storage to be restored for display at Beijing's Forbidden City and Palace Museum. Meticulous repairs are needed ahead of the museum's 100th anniversary this year.
USAID has long promoted itself as a supporter of press freedom, but reports suggest its media funding may have influenced domestic narratives in Europe and post-Soviet states. With the Trump administration freezing its grants, the agency’s role in shaping global information is under scrutiny.
A Delta Air Lines regional jet flipped upside down upon landing at Toronto Pearson Airport on Monday, injuring 18 people. Officials are investigating whether strong winds and snow played a role in the incident.
A tragic crowd crush at New Delhi Railway Station on Saturday night left 18 dead and 10 injured as thousands of people, many heading to the Kumbh Mela festival, attempted to board delayed trains. The incident highlights the ongoing risks of overcrowding at public transportation hubs in India.
The Asian Development Bank approved a $125 million loan to support Uzbekistan in modernizing water management, improving water security, and increasing access to safe and reliable water in the country.
Afghanistan’s Taliban leaders dismissed the International Criminal Court’s (ICC) jurisdiction over the country, labeling their predecessors' 2003 decision to join the Hague-based court’s founding treaty as "unlawful."
Armenia remains hopeful that talks with Türkiye on reopening the border will yield positive results, with National Assembly Speaker Alen Simonyan reaffirming the country’s commitment to regional peace and stability, as reported by Armenian media.
Israel has accused Hamas of violating a ceasefire agreement after discovering that one of the bodies handed over during Thursday’s exchange did not belong to any known hostage. The military is demanding the return of the missing remains.
Pope Francis is showing improvement, the Vatican said, as the pontiff began his eighth day in hospital. Francis was admitted after struggling with breathing and is being treated for pneumonia.
EU boosts undersea cable security with nearly €1B reallocation, enhancing surveillance, deterrence, and rapid response. A new data-sharing system, drone program, and emergency repair fleet aim to protect critical infrastructure amid rising sabotage concerns.
China's centuries-old treasures have been pulled out of storage to be restored for display at Beijing's Forbidden City and Palace Museum. Meticulous repairs are needed ahead of the museum's 100th anniversary this year.
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