$5.1 Billion Agreement Signed at COP31 Conference in Antalya

At the COP31 Climate Conference hosted by Turkey in Antalya, a total of 10 agreements worth $5.1 billion were signed between the Ministry of Treasury and Finance and international development banks. Minister of Treasury and Finance Mehmet Şimşek emphasized that green transition investments cannot be met solely through the public budget, drawing attention to the importance of support from international financial institutions.

Minister of Treasury and Finance Mehmet Şimşek and senior executives of international financial institutions attended the mass signing ceremony held within the framework of the COP31 Climate Conference in Antalya. According to the announcement, partnerships were established with the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the World Bank, and the Islamic Development Bank (IsDB).

ADB President Masato Kanda, AIIB President Zou Ciayi, and World Bank Group President Ajay Banga also took part in the ceremony. Stating that the costs required for the green transition cannot be met by a single country's public budget, Minister Şimşek expressed that the financing provided by development banks plays a critical role in bringing projects to life.

Stating that the 10 signed agreements support Turkey's goals of achieving a greener and economically more resilient structure, Şimşek noted that international cooperation must be developed on the basis of mutual trust and concrete projects.