Treasury and Finance Minister Mehmet Simsek announced that Türkiye plans to secure approximately $41 billion in long-term, low-cost project financing over the next three years from several international financial institutions.
Sharing a post on his social media account, Minister Simsek provided details regarding his meetings with representatives of major global financing organizations during his visit to the United States.
Highlighting that Türkiye is among the countries that use development financing most effectively, Simsek stated:
“We held meetings to strengthen our cooperation with the World Bank, International Finance Corporation, European Bank for Reconstruction and Development, Asian Infrastructure Investment Bank, Islamic Development Bank, and European Investment Bank. We foresee securing approximately $41 billion in project financing over a three-year period, with long maturities and low costs. These resources will be utilized for projects focused on green and digital transformation, disaster resilience, infrastructure investments, and inclusive growth. Through these initiatives, we aim to boost productivity and support sustainable high growth. Our ultimate goal is for Türkiye to join the ranks of high-income countries.”
Source: Bloomberght/ Prepared by: İlayda Gök