Turkey plans to join China-led Asian infrastructure bank: Treasury

Turkey plans to join China-led Asian infrastructure bank: Treasury

ANKARA
Turkey intends to become a member of the China-led Asian Infrastructure and Investment Bank (AIIB), the Treasury said on March 26 by a written statement.

“Turkey has informed the Interim Secretariat of AIIB regarding its intention to become a member of the AIIB on March 25th, 2015. It is expected to finalize the negotiations to establish the Bank in the end 2015,” the statement said.

China has initiated efforts to establish the AIIB since October 2014 with the aim of providing finance to infrastructure investments in the Asian region. At least 35 countries will join the China-led AIIB by the deadline of March 31.

India, Indonesia and New Zealand have also expressed interest in joining the bank, following a request by Britain, France, Italy and Luxembourg to become founding members.

Since then, several countries from Asia and Europe have declared their intention to become a member of the AIIB.

Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant() Türkiye’s external assets at $320 billion

Türkiye’s external assets at $320 billion
LATEST NEWS

  1. Türkiye’s external assets at $320 billion

    Türkiye’s external assets at $320 billion

  2. Nine sentenced to prison six years after Çorlu train accident

    Nine sentenced to prison six years after Çorlu train accident

  3. Dawn ceremony held to remember Anzac soldiers in Çanakkale

    Dawn ceremony held to remember Anzac soldiers in Çanakkale

  4. Ministry puts autographed Jordan sneakers up for sale

    Ministry puts autographed Jordan sneakers up for sale

  5. Türkiye seeks positive momentum in Eurofighter negotiations, sources say

    Türkiye seeks positive momentum in Eurofighter negotiations, sources say
Recommended
Türkiye’s external assets at $320 billion

Türkiye’s external assets at $320 billion
Business morale improves, capacity utilization rises in April

Business morale improves, capacity utilization rises in April
Annual rise in home prices continues to slow

Annual rise in home prices continues to slow
Boeing to give $425 million advance payments to Spirit

Boeing to give $425 million advance payments to Spirit
Meta more than doubles profit in first quarter

Meta more than doubles profit in first quarter
Short-term external debt at $174 billion

Short-term external debt at $174 billion
Domestic tourism spending rises 100 percent in 2023

Domestic tourism spending rises 100 percent in 2023
WORLD Hamas official says group would lay down weapons in case of a two-state solution

Hamas official says group would lay down weapons in case of a two-state solution

A top Hamas political official told The Associated Press the Islamic militant group is willing to agree to a truce of five years or more with Israel and that it would lay down its weapons and convert into a political party if an independent Palestinian state is established along pre-1967 borders.
ECONOMY Türkiye’s external assets at $320 billion

Türkiye’s external assets at $320 billion

Türkiye’s external assets declined by 2.4 percent compared to the end of 2023 to $320.2 billion as of February, official data have shown.
SPORTS Tour of Türkiye embarks on 8-stage journey

Tour of Türkiye embarks on 8-stage journey

The 59th Presidential Cycling Tour of Türkiye (TUR) kicks off on April 21 in the Mediterranean resort city of Antalya with the participation of 25 professional cycling teams.