Turkey and AIIB Agree on 1.6 Billion Climate Deal
The Asian Infrastructure Investment Bank has agreed to a record 1.6 billion dollar financing package with Turkey. The deal aims to support policy reforms, sustainable finance, and national climate goals leading up to net zero targets.
Turkey secured a record $1.6 billion climate policy financing package from the Asian Infrastructure Investment Bank during the fourth day of the UN climate conference in Antalya. The agreement marks the development lender's largest climate policy-based financing package to date. The funding supports broader structural reforms as the country faces rising climate pressures across its population of 86 million.
