World Bank Approves New Financing for Turkey as External Funding Hits $7 Billion in 2025
world bank
Turkish Finance Minister Mehmet Şimşek announced that Turkey has secured $7 billion in external resources so far in 2025, underscoring growing international confidence in the country’s economic program.
In a significant development, the World Bank approved a new financing package for the Turkey Transmission System Transformation Project (İSDP). The package includes:
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€625 million in loans from the International Bank for Reconstruction and Development (IBRD)
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€32.798 million (~$38 million) in loans from the Clean Technology Fund (CTF)
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$2 million in grant support from the CTF
Şimşek: “We Reached $7 Billion in 2025 Thanks to Global Confidence”
Commenting on the development via his official X account, Minister Şimşek said:
“Thanks to growing confidence in our economic program, we are increasing long-term and low-cost external financing from international institutions. In line with our development goals, the total funding we’ve secured in 2025 has reached $7 billion.”
What is the İSDP Project?
The Turkey Transmission System Transformation Project aims to modernize and decarbonize Turkey’s power transmission infrastructure. The investment aligns with Turkey’s broader energy and climate goals, focusing on sustainability, clean energy integration, and grid modernization.
Why It Matters
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The newly approved package is part of Turkey’s efforts to secure external financing under favorable terms amid ongoing structural reforms.
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The involvement of the World Bank and the Clean Technology Fund signifies international backing for Turkey’s green transition and energy sector transformation.
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With this latest addition, Turkey has secured $7 billion in international development funding in just eight months of 2025—an indicator of global institutional trust.