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The Asian Development Bank (ADB) will provide Türkiye with a three-year financing package totaling $7 billion to support public and private sector projects through the end of 2027, the Treasury and Finance Ministry announced on Wednesday.
The plan includes $1 billion allocated for 2025 and annual commitments of $3 billion for both 2026 and 2027.
The announcement followed a bilateral meeting in Ankara on Wednesday, where Treasury and Finance Minister Mehmet Simsek hosted ADB President Masato Kanda and his delegation for discussions outlining the scope of the new cooperation period.
Before the meeting, Simsek said Türkiye and the ADB have launched an Interim Country Partnership Strategy that sets the bank’s priorities in financing, technical assistance, and policy cooperation. He noted that the framework fully aligns with Türkiye’s development agenda, stating, "This strategy defines the Asian Development Bank’s priorities in Türkiye across financing, technical assistance and policy cooperation, and is fully aligned with our national development goals."
"The strategy will focus on two key areas: resilience and regional connectivity," Simsek said. "Under regional connectivity, the Asian Development Bank aims to reinforce Türkiye’s position as a regional hub in transport, energy and digital integration and to advance the Middle Corridor initiative."
The first public-sector project under the new cooperation framework will be the Ilbank Earthquake Project, designed to support municipal infrastructure in provinces affected by the February 2023 earthquakes. Simsek said the long-term financing will be transferred through the ministry to Ilbank, Türkiye’s state-owned development and investment bank, and used for drinking water, wastewater, and drainage investments.
He emphasized that Türkiye’s new status at the bank has widened access to ADB resources. "With our transition to regional member status, both the public and private sectors are able to benefit from the bank’s financing and technical assistance instruments."
ADB President Masato Kanda said the partnership begins at a critical moment and praised Türkiye’s recovery efforts after the 2023 earthquakes. "Türkiye’s strong recovery following the 2023 earthquake is an extraordinary example of resilience," he said.
"Our support will help maintain financial stability while strengthening Türkiye’s role as a bridge between East and West in transport, energy and connectivity," he said. Kanda also highlighted the central role of private enterprise in the bank’s cooperation with Türkiye, saying, "Türkiye’s entrepreneurs and financial institutions play a key role in the country’s economic growth."
A statement from the Treasury and Finance Ministry said that Kanda’s visit on Nov. 12-13 included meetings in Ankara to review opportunities created by Türkiye’s transition to regional member status, noting that the change expands eligibility for both public institutions and private companies to access ADB’s concessional financing and technical cooperation tools.
The statement also added that ADB introduced its Interim Country Partnership Strategy for 2025–2027, which focuses on disaster-resilient infrastructure, human capital development, and strengthening water, food, and energy security.
According to the ministry, Türkiye’s active project portfolio with multilateral development banks—including the World Bank, European Bank for Reconstruction and Development, International Finance Corporation, Asian Infrastructure Investment Bank, Islamic Development Bank, Council of Europe Development Bank, Black Sea Trade and Development Bank, and ECO Trade and Development Bank—has reached approximately $40 billion, describing this broad cooperation as a reflection of international confidence in Türkiye’s economic program.
Following the meeting at the Finance Ministry, Vice President Cevdet Yilmaz also hosted Kanda. Yilmaz said Türkiye will continue strengthening its partnership with ADB, particularly for projects in earthquake-hit areas and within the country’s sustainable development framework.
"Following our transition to regional membership, the scope of our cooperation in development projects is expanding and our financing and technical collaboration opportunities are growing," he stated.
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