AIIB, Turkey sign $1.6 bln package to accelerate climate reforms

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MOSCOW. Nov 12 (Interfax) - The Asian Infrastructure Investment Bank (AIIB) and Turkey signed an agreement on a $1.6 billion financing package to accelerate climate reforms in the…

MOSCOW. Nov 12 (Interfax) - The Asian Infrastructure Investment Bank (AIIB) and Turkey signed an agreement on a $1.6 billion financing package to accelerate climate reforms in the country at the COP31 climate conference in Antalya on Wednesday, the bank said in a press release.

"This financing represents AIIB's largest climate policy-based financing package to date, and we look forward to contributing to Turkey delivering on its climate ambitions," AIIB's chief investment officer, Konstantin Limitovsky said in the release.

The financing will be used to support policy and institutional reforms that will help Turkey implement its climate commitments, such achieving net zero emissions by 2053, the bank said.

Turkey will need about $68 billion in additional climate investment by 2030, and there are plans to raise about half this amount from private sources.

The AIIB's climate financing reached a record $7.47 billion in 2025, accounting for 71% of its total approved financing.

Turkey is a founding member of the AIIB and the bank's second-largest market by cumulative approved financing. As of October 24, 2026, AIIB had approved a total of $11.06 billion for 48 operations in the country.

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