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Turkey, AIIB signs MoU for $5 billion financing to public sector projects

Channel News Asia LogoChannel News Asia4d ago

Turkey, AIIB signs MoU for $5 billion financing to public sector projects - Channel News Asia

Quick Summary:

ANKARA : Turkey's Finance Ministry said on Monday that it has signed a memorandum of understanding with the Asian Infrastructure Investment Bank (AIIB) for $5 billion financing for public sector projects in three years.

FILE PHOTO: Business and residential buildings are seen in Sisli district, in Istanbul, Turkey, July 26, 2024.

In a statement, the finance ministry also said that an additional $5 billion financing will be provided in future for private sector projects in Turkey.

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Turkey, AIIB signs MoU for $5 billion financing to public sector projects - Channel News Asia (Picture 1)Turkey, AIIB signs MoU for $5 billion financing to public sector projects - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-17 @ 17:40:44 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 164 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26218666

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 31 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 6 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://beamstart.com/news/turkey-aiib-signs-mou-for-17397859135579

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