The Asian Infrastructure Investment Bank (AIIB) has inked a $200 million on-lending facility in favor of the Industrial Development Bank of Türkiye (TSKB). The facility will support the Republic of Türkiye’s climate mitigation and adaptation goals in alignment with the Paris Climate Agreement. It is also backed by a guarantee from the Government of Türkiye.
The new facility builds on AIIB’s ongoing partnership with TSKB through two earlier operations, both supporting Türkiye’s climate goals. Furthermore, at least $170 million of the facility is estimated to contribute to climate change mitigation, and an additional $10 million to climate adaptation, according to the joint MDB methodologies for tracking climate finance.
Earlier in May 2025, AIIB and the Nordic Investment Bank inked a memorandum of understanding (MoU) to establish areas of collaboration to advance sustainable infrastructure and green development. The MoU covers areas of cooperation between the two institutions, including joint identification and sharing of investment opportunities and cooperation. It also enables the exchange of knowledge, expertise, best practices, and research in sectors such as clean technology and climate change.
