AIIB to Provide $5 Billion in Financing to Turkey for Public Projects (2025-2027)

The Asian Infrastructure Investment Bank (AIIB) will provide approximately $5 billion in financing to Turkey for public projects over three years (2025-2027). This commitment was formalized through a memorandum of understanding signed by Turkish Treasury and Finance Minister Mehmet Şimşek and AIIB President Jin Liqun in El Ula, Saudi Arabia. This agreement marks the first multi-year framework between the AIIB and Turkey, strengthening their collaboration. The financing will support development-oriented projects in sectors including energy, transportation, the real sector, export finance, health, and water management. An additional $5 billion in financing is planned for private sector projects in the future. According to the Ministry, this will increase resource diversity for the real sector and exporters, while providing suitable financing for infrastructure projects across various sectors and regions. Turkey's active portfolio with multilateral development banks reached $35 billion by the end of 2024. The AIIB, headquartered in Beijing, is an international financial institution with 110 members. Turkey holds a 2.5% voting share with a capital of $2.6 billion, making it the 10th largest shareholder in the bank and 7th among regional countries. Since 2018, the AIIB has provided $5.5 billion in financing to Turkey, making it the second-largest beneficiary of AIIB financing after India. Minister Şimşek stated that Turkey is an important partner for international institutions in the field of development, thanks to the strengthened trust environment and strong cooperation with international financial institutions. He added that the program will continue to increase access to external financing for the public and private sectors under suitable conditions.