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Türkiye’s state-run Development Investment Bank (TKYB) has signed a financing agreement worth the equivalent of $200 million with Beijing-based Asian Infrastructure Investment Bank (AIIB) to back the country’s climate and digital transformation goals.
The financing, which carries a maturity of 15.5 years, was secured under a repayment guarantee from Türkiye’s Treasury and Finance Ministry. According to TKYB, the agreement aims to expand climate-friendly infrastructure and scale up technological innovations nationwide.
In a statement on Monday, TKYB highlighted that this marks the fourth large-scale collaboration between TKYB and AIIB. With this latest deal, the total funding provided to Türkiye through their joint initiatives has reached $800 million since 2019.
TKYB, which continues its operations in line with the country’s sustainable and inclusive development goals, said the partnership reflects its strategy of strengthening cooperation with international development finance institutions.
TKYB General Manager Ibrahim Oztop said the agreement would directly contribute to Türkiye’s clean energy, digital transformation, and sustainable growth targets.
He noted that the loan would provide long-term resources for green energy investments, enabling industrial companies to improve energy efficiency while gaining competitiveness in global markets. Oztop added that the financing would also help businesses enhance climate resilience and fund their digital infrastructure projects.
Kim-See Lim, AIIB’s chief investment officer, stated that the financing demonstrates AIIB’s support for its members in achieving national climate targets and accelerating digital transformation.
Lim emphasized that the collaboration seeks to boost private sector participation in Türkiye’s energy and manufacturing sectors, particularly in projects focused on climate action and digital transition.
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