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Türkiye has secured €500 million ($587.3 million) in financing from the Asian Development Bank to support exporters affected by the February 2023 earthquakes in the country’s southeast, the Treasury and Finance Ministry said.
The funds will be channeled through the country’s official export credit agency, Turk Eximbank, to meet the financial needs of exporters operating in the earthquake-stricken region.
The ministry said Türkiye also secured additional financing packages from the ADB, including €150 million ($176.1 million) and $150 million, to be used by the Türkiye Development and Investment Bank.
The funds will support post-earthquake recovery efforts, renewable energy investments and cost-effective resources aimed at expanding production capacity.
With the latest packages, total earthquake-related financing secured from the ADB has reached around $1 billion. This figure includes a €150 million loan provided to Ankara-based investment bank Ilbank on Nov. 12, 2025.
Since 2023, Türkiye has secured about $8.4 billion in external financing for the earthquake-affected region in the southeast, according to the ministry.
Treasury and Finance Minister Mehmet Simsek said Türkiye secured a total of $16.5 billion in external financing on favorable terms this year.
“Türkiye broke a record in external financing thanks in part to the confidence in its economic program,” Simsek said.
He said the funding would contribute to reviving economic activity in the affected region, supporting sustainable growth and boosting production capacity.
“We continue our work to help heal the earthquake-stricken region and will continue to secure long-term and favorable resources for our affected businesses and for the development of the region,” Simsek added.
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Separately, Moody’s said Türkiye’s economy is expected to grow 3.2% this year, 3.4% next year and 3.5% in 2027, according to its Global Structured Finance Outlook 2026 report.
The rating agency forecasts Türkiye’s inflation at about 35% this year, with a margin of plus or minus 2%, before easing to 22% next year and 18.5% in 2027.
Moody’s expects the US economy to grow 2% in 2025, 1.8% in 2026 and 1.9% in 2027. The eurozone is projected to expand 1.1% this year, 1.3% next year and 1.4% in 2027.
China’s economy is forecast to grow 5% in 2025, 4.5% in 2026 and 4.2% in 2027, while India’s growth is projected at 7%, 6.4% and 6.5% over the same period.
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