Cop31: Turkey signs $5.1bn loan deals to boost green transition

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Cop31: Turkey signs $5.1bn loan deals to boost green transition Submitted by Ragip Soylu on Thu, 11/12/2026 - 10:23 Deals with four multilateral development banks will support…

Turkey signed 10 loan agreements worth $5.1bn with multilateral development banks on Thursday to accelerate its green transition.

Speaking at the signing ceremony on the sidelines of the UN climate conference Cop31 in Antalya, Treasury and Finance Minister Mehmet Simsek said no country could finance the green transition alone.

"No country's budget can meet the investment needs of this transformation on its own," he said. "That is why support from multilateral development banks is critically important to us."

The agreements were signed between the ministry and the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the World Bank and the Islamic Development Bank (IsDB).

Simsek said Ankara had done its homework by thoroughly preparing projects and securing the financing needed to implement them.

The projects, he said, would create jobs and strengthen the Turkish economy. He added that Turkey had secured approximately $50bn in external financing from its development partners since 2023.

Turkey signed its first loan agreement with the ADB in November 2025, Simsek said.

With the latest deals, the bank's financing for Turkey would reach $3.1bn within a year, helping accelerate climate investment and improve access to finance for small and medium-sized enterprises.

ADB President Masato Kanda said the new agreements would support the construction of disaster-resilient hospitals, strengthen healthcare services and help train the next generation of doctors.

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