Islamic Development Bank to provide Trkiye $6.3B worth of financing

RIYADH: The Islamic Development Bank (IsDB) Group will provide $6.3 billion worth of financing to Trkiye for development projects, the country's treasury and finance minister said Monday. Mehmet Simsek, attending the bank's annual meeting in the Saudi capital Riyadh, underlined on X that international institutions trust Trkiye's economic program. He noted that the IsDB has provided $12.9 billion worth of financing to Trkiye since the multilateral lender was founded in 1975. Simsek will also deliver a speech at the meeting later on Monday. On Saturday, the bank approved a pound 120 million fund ($128.6 million) for a highway project in Trkiye. Source: Anadolu Agency