Türkiye to secure $41 billion in long-term project financing: Finance Minister Simsek - Türkiye Today

Türkiye to secure $41 billion in long-term project financing: Finance Minister Simsek - Türkiye Today

Finance Minister Mehmet Simsek announced Saturday that Türkiye expects to secure approximately $41 billion in long-term, low-cost project financing over the next three years, following a series of meetings with major international financial institutions during his visit to the United States. RecommendedExternal financing in Türkiye surpasses $7.7B, says Finance Minister SimsekSaudi Arabia's water project financing surpasses $6BFinance Minister S…

"Türkiye Targets $41 Billion in Project Financing Over Three Years, Announces Finance Minister Simsek"

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 Türk…

Providing information about his contacts in the US, Treasury and Finance Minister Mehmet Şimşek said that he had held more than 60 meetings in one week in the country where he went for the International Monetary Fund (IMF)-World Bank Spring Meetings and that there was great interest in Türkiye.

Treasury and Finance Minister Mehmet Şimşek made statements regarding Turkey’s development financing. Minister Mehmet Şimşek said, “We are among the countries that use development financing most effectively. Our goal is for Turkey to be among the high-income countries.” Şimşek also announced that they are planning to provide approximately $41 billion in long-term and low-cost project financing in the 3-year period from some international financi…

“We have met to strengthen our cooperation with the World Bank, the International Financial Institution, the European Bank for Reconstruction and Development, the Asian Infrastructure Investment Bank, the Islamic Development Bank and the European Investment Bank,” Mehmet Simsek said.

Treasury and Finance Minister Mehmet Şimşek said that “we are among the countries that use development finance most effectively”, announcing that they will provide long-term and low-cost project financing of about $41 billion from 6 international financial institutions.