Home Mobile games Living community 5G technology Commercial street Fashion icon More

AIIB and Türkiye Formalize Strategic Partnership for Green and Resilient Infrastructure

2025-02-19 AIIB HaiPress

ALULA,Saudi Arabia,Feb. 18,2025 -- Asian Infrastructure Investment Bank (AIIB) President Jin Liqun metwith Türkiye Minister of Treasury and Finance H.E. Mehmet Simsek at the Conference for Emerging Market Economies in Al-Ulato discuss how to further strengthen the strategic partnership between the Bank and the Republic of Türkiye.

They signed a memorandum of understanding that outlines an investment program guiding AIIB's sovereign-backed financing in Türkiye from 2025 to 2027,with an expected total of around USD5 billion.

The signing marks a milestone in AIIB-Türkiye relations,formalizing a framework for collaboration that aligns with Türkiye's 12thDevelopment Plan (2024-2028)and AIIB's commitment to green and resilient infrastructure.

"As a founding member,Türkiye has been a key partner of AIIB since the Bank's inception,with USD5.5 billion in approved financing for critical projects across energy,transport,urban resilience,and disaster response," President Jin said. "Our investments in 2025-2027 will focus strategically on climate resilience,water management,sustainable transport,earthquake preparedness and other productive sectors,such as healthcare,and will support Türkiye's long-term climate strategy."

"AIIB has been a trusted partner in Türkiye's development,supporting our efforts to build resilient infrastructure and strengthen economic sustainability," H.E. Minister Şimşek said. "This agreement reflects our shared vision for mobilizing investments that enhance climate resilience,improve disaster preparedness and achieve green and digital transition."

The three-year program will be reviewed semi-annually to ensure alignment with Türkiye's evolving infrastructure needs and AIIB's operational priorities. The partnership underscores AIIB's commitment to supporting Türkiye's long-term growth through investments that foster sustainable economic growth and climate adaptation.

Disclaimer: This article is reproduced from other media. The purpose of reprinting is to convey more information. It does not mean that this website agrees with its views and is responsible for its authenticity, and does not bear any legal responsibility. All resources on this site are collected on the Internet. The purpose of sharing is for everyone's learning and reference only. If there is copyright or intellectual property infringement, please leave us a message.

Newest

us officials 'have stopped ukraine firing missiles at russia for months'

'vibrant' woman dies after rare allergic reaction during common scan

israel carries out dozens of strikes on yemen's capital near presidential palace

mystery billionaire behind \u00a310,000,000 plans for first titanic trip since titan disaster

fears over nuclear plant safety after drone strike on russian border region

british woman, 69, feared killed in russian drone strike in ukraine

©Copyright 2009-2020 Startup Weekly    Contact Us  SiteMap