The Asian Development Bank has officially launched its operations in Türkiye following high-level meetings between ADB President Masato Kanda and President Recep Tayyip Erdoğan in Ankara. During the discussions, ADB reaffirmed its intention to provide $3 billion annually in project financing for 2026 and 2027, supporting Türkiye’s national development priorities. President Kanda emphasized Türkiye’s strategic importance, noting its regional position and extensive expertise, and expressed ADB’s commitment to strengthening long-term growth and resilience in the country.
The launch of operations coincided with the introduction of ADB’s Interim Country Partnership Strategy for 2025–2027, outlining the bank’s roadmap for supporting Türkiye’s development goals. The strategy was unveiled alongside senior government officials, including the Minister of Treasury and Finance Mehmet Şimşek and Deputy Minister Osman Çelik. ADB also announced its first round of financing under this new partnership, which includes a €150 million sovereign loan for earthquake rehabilitation and two $100 million non-sovereign facilities for Akbank and Denizbank. The sovereign loan agreement was signed on 12 November in Ankara, underscoring ADB’s readiness to deliver timely support.
ADB has collaborated closely with the Turkish government to establish a strong pipeline of projects focusing on resilience, regional connectivity, and private sector mobilization. President Kanda commended Türkiye’s ongoing economic stabilization efforts following the 2023 earthquake and affirmed that ADB will continue to scale up its financial support in 2026 and beyond to help advance national development priorities.
In addition to public sector engagement, ADB is expanding its support for Türkiye’s private sector. Speaking at a business leaders’ gathering, President Kanda highlighted ADB’s commitment to mobilizing investment and sharing global expertise to drive green growth, improve financial inclusion, and enhance connectivity. These efforts aim to support entrepreneurs and strengthen the foundations for sustainable economic progress.
As a major multilateral development bank in the Asia-Pacific region, ADB brings decades of experience in advancing inclusive, resilient, and sustainable growth. Through innovative financing tools and strategic partnerships, ADB continues to work with its members to build quality infrastructure, tackle development challenges, and promote long-term prosperity.
