$5.1 billion signing between Turkey and development banks at COP31

Within the scope of the 31st Conference of the Parties to the UN Framework Convention on Climate Change (COP31), agreements totaling $5.1 billion were signed between the Ministry of Treasury and Finance and international development banks.

Agreements totaling $5.1 billion were reached at a collective signing ceremony held between the Ministry of Treasury and Finance and multilateral development banks. Within this scope, official signatures were cast between the Ministry and the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the World Bank, and the Islamic Development Bank (IsDB).

While Minister of Treasury and Finance Mehmet Şimşek took part on behalf of Turkey at the signing ceremony in question, the respective banks were represented by ADB President Masato Kanda, AIIB President Zou Ciayi, and World Bank Group President Ajay Banga.