AIIB and Turkiye formalize strategic partnership for green and resilient infrastructure

Asian Infrastructure Investment Bank (AIIB) President Jin Liqun met with Turkiye Minister of Treasury and Finance H.E. Mehmet Simsek at the Conference for Emerging Market Economies in Al-Ula to 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 Turkiye from 2025 to 2027, with an expected total of around USD5 billion.

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

"As a founding member, Turkiye 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 Turkiye's long-term climate strategy."

"AIIB has been a trusted partner in Turkiye'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 Turkiye's evolving infrastructure needs and AIIB's operational priorities. The partnership underscores AIIB's commitment to supporting Turkiye's long-term growth through investments that foster sustainable economic growth and climate adaptation.