Islamic Development Bank (IBR) allocated Turkey financing in the amount of $ 6.3 billion to implement projects.
This was announced by the Minister of Treasury and Finance of Turkey Mehmet Shimshki in an interview with Anadola.
The Minister said that as part of the IBR meeting in Riyadh, the country’s strategy provided for the implementation of a number of IBR projects in Turkey for 2024-2026.
He noted that with the head of the IBR Muhammad Sulaiman Al_jasser, a framework program was signed.
“The strategy provides for the allocation of the Islamic Bank for the development of financing in the amount of $ 6.3 billion. Thanks to the economic program we are going on, the flows of foreign resources to Turkey are ongoing,” Shimshka said.
Shimshka emphasized that the strategy under consideration is compatible with the priorities of development included in the 12th development plan and the medium-term program of Turkey.
According to him, financing of the IBR will be used to support activities in areas such as education, healthcare, transport, finance, agriculture, industry, energy and infrastructure.
“It is stipulated that $ 3 billion will be provided with IBR, $ 900 million – the International Islamic Trade and Financial Corporation (ITFC), $ 300 million – the Islamic Institute for the Development of the Private Sector (ICD) and $ 3.1 billion – $ 3.1 billion – Islamic Corporation for Investment Insurance and Export loans (ICIEC), ”added the head of the Ministry of Finance.
He noticed that the Islamic Bank of Development allocated Turkey as a whole financing in the amount of $ 12.9 billion.