Türkiye Targets $41 Billion in Project Financing Over 3 Years, Says Finance Minister Şimşek

Finance Minister Mehmet Şimşek announced that Türkiye expects to secure approximately $41 billion in long-term, low-cost project financing over the next three years from leading international financial institutions.

In a social media post following his meetings in the United States, Şimşek highlighted Türkiye’s strong performance in utilizing development financing and provided details on future funding plans.

“Türkiye is among the most effective users of development finance worldwide,” Şimşek emphasized.

Global Financial Powerhouses

Şimşek stated that Türkiye aims to strengthen partnerships with major institutions, including:

• World Bank

• International Finance Corporation (IFC)

• European Bank for Reconstruction and Development (EBRD)

• Asian Infrastructure Investment Bank (AIIB)

• Islamic Development Bank (IsDB)

• European Investment Bank (EIB)

These entities are expected to collectively contribute long-term and low-cost resources that will be directed toward green transformation, digital transformation, disaster resilience, infrastructure development, and inclusive growth projects.

Financing to Drive Türkiye’s Economic Transformation

The allocation of the $41 billion in funding will specifically target:

• Enhancing productivity

• Strengthening disaster resilience

• Supporting sustainable, high-growth trajectories

“Our goal is to elevate Türkiye into the ranks of high-income countries,” Şimşek stated.

This strategic investment push aligns with Türkiye’s broader ambitions to modernize its economy, boost competitiveness, and accelerate the transition to a greener, more digital future.

Türkiye’s Global Financing Strategy: A Long-Term Vision

The financing plan represents a significant commitment to securing sustainable growth while addressing climate risks, infrastructure gaps, and economic inclusivity. It also demonstrates Türkiye’s intention to position itself as a key player in green and digital economies over the next decade.

As global financing conditions tighten, Türkiye’s ability to lock in affordable, long-term capital will be critical in maintaining macroeconomic stability and achieving its development goals.