IsDB, Türkiye Sign $740 Million Financing Agreements
The Islamic Development Bank (IsDB) and Türkiye have signed two financing agreements totaling some $740 million to support the country's recovery through investments in disaster-resilient healthcare systems and the advancement of green, resilient, and inclusive education.
According to SPA, the agreements were signed in the Turkish capital of Ankara.
Over the past 50 years, the IsDB Group has allocated more than $14.7 billion to development finance projects and initiatives in Türkiye, focusing on 587 projects across sectors including healthcare, renewable energy, education, and modern transportation.
This latest series of financing agreements marks another milestone in the long-standing development partnership between Türkiye and the IsDB Group. It aligns with the partnership framework and Türkiye's Twelfth Development Plan for 2024–2026.
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