Şimşek holds financing talks with World Bank
Under the World Bank Group's 2024–2028 Country Partnership Framework for Türkiye, financing exceeded $28 billion, surpassing the initial $18 billion target set for the first three years. As of September 2026, Türkiye ranked first globally in the World Bank's International Bank for Reconstruction and Development (IBRD) portfolio, with $23 billion in active financing. Meanwhile, EBRD financing provided to Türkiye reached €2.7 billion in the first ten months of 2026, matching the total recorded for the entire year of 2025. The meetings aimed to expand cooperation on green transformation and sustainable development investments.
Turkish Treasury and Finance Minister Mehmet Şimşek held separate meetings with World Bank Group President Ajay Banga, European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso, and United Nations Development Programme (UNDP) Administrator Alexander De Croo on the sidelines of the COP31 Climate Summit in Antalya.
The discussions focused on Türkiye's macroeconomic outlook, ongoing projects, and strengthening international financing partnerships. During the meeting with the UNDP, officials also discussed the Climate Implementation Bridge (BRIDGE) initiative, which aims to accelerate climate investments in Türkiye.
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