Asian Development Bank (ADB) ushers in its Türkiye operations
File photo shows the logo of the Asian Development Bank (ADB) displayed on a smartphone screen, with the official ADB website visible in the background. (Adobe Stock Photo)
The Asian Development Bank (ADB) decided to commence operations in Türkiye, following the country’s transition from “non-regional member” to “regional member” status on Dec. 12, 2024.
Both public and private sectors in Türkiye will now have access to ADB’s long-term and advantageous financing opportunities across various fields, including infrastructure, environment, education, finance, and energy.
ADB delegation visits Türkiye
Türkiye’s Ministry of Treasury and Finance announced that a delegation from ADB visited Ankara to engage with public and private sector representatives to outline their operational strategies in the country. The delegation also met with the Minister of Treasury and Finance, Mehmet Simsek, during their visit.
The Ministry’s statement noted: “Thanks to the strong relationships established with multilateral development banks and our effective project financing management, Türkiye has become a preferred development partner. The active portfolio size with these institutions has reached $35 billion. This achievement is a significant indicator of the confidence in our economic program.”
ADB is an international financial institution headquartered in Manila, with 69 member countries. The bank has a total registered capital of $142.7 billion, with $7.1 billion in paid-in capital. Türkiye’s registered capital in the bank amounts to $480.7 million, corresponding to a voting power of 0.56%.
