The Asian Infrastructure Investment Bank (AIIB) and the Development and Investment Bank of Türkiye (TKYB) have signed a USD200-million equivalent, 15.5-year sovereign-backed on-lending facility to support Türkiye’s climate and digital transition goals.
The facility, with separate USD and EUR tranches, reinforces AIIB’s long-term partnership with Türkiye under a multi-year rolling investment program signed in February and marks a significant step in scaling climate-aligned infrastructure and technological innovation across the country.
“This facility reflects AIIB’s commitment to supporting its members in achieving their national climate goals and accelerating their digital transformation,” said Kim-See Lim, Chief Investment Officer, Public Sector (Region 1) & Financial Institutions and Funds (Global) Clients at AIIB. “Through this partnership with TKYB, we aim to catalyze private-sector investment into the climate and digital transition of Türkiye’s energy and other productive sectors.”
The TKYB Climate and Digital Transition On-Lending Facility will support private-sector sub-projects in climate mitigation, climate adaptation and digital infrastructure, including renewable energy such as wind and solar, energy efficiency, battery energy storage systems, and decarbonization in energy-intensive industries. The facility will also help finance investments aimed at expanding Türkiye’s digital infrastructure, in line with the country’s goals to embrace digital transformation.
İbrahim Öztop, CEO and Board Member of TKYB, said: “We are very pleased that the financing agreement signed with the Asian Infrastructure Investment Bank will directly contribute to Türkiye’s clean energy, digital transformation and sustainable growth objectives. This facility will channel long-term resources into green energy investments, supporting industrial companies in enhancing their energy efficiency while gaining a competitive edge in global markets. At the same time, it will help businesses strengthen their climate resilience and finance their digital infrastructure investments.”
The facility aligns with Türkiye’s commitments under the Paris Climate Agreement and its updated Nationally Determined Contributions, supporting its ambition to reduce greenhouse gas emissions while fostering sustainable economic development.
The project aligns with AIIB’s thematic priorities – green infrastructure, private capital mobilization, and technology-enabled infrastructure – by financing climate mitigation, adaptation and digital investments. It also advances the Bank’s corporate strategy for sustainable, resilient development, with at least 90% of the facility dedicated to climate finance.
About AIIB
The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “Infrastructure for Tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 110 approved members worldwide, is capitalized at USD100 billion and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity.
About TKYB
The Development and Investment Bank of Türkiye (TKYB) is a state-owned development and investment bank that has played a leading role for 50 years in supporting Türkiye’s economic development through long-term financing solutions. TKYB provides funding to strategic sectors, including energy, industry, infrastructure, and environmental projects, and is a key implementing partner for both national and international financing institutions.
