Multilateral development banks

European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso has embarked on a four-day visit to Türkiye, where she will engage in high-level meetings in Ankara and Istanbul.

"This visit reaffirms our dedication to supporting Türkiye's vision for inclusive growth, innovation and a greener future," Renaud-Basso said.

European Investment Bank (EIB) Group President Nadia Calvino visited Athens on Thursday to discuss Europe's strategic priorities and investments in Greece with Prime Minister Kyriakos Mitsotakis and National Economy and Finance Minister Kostis Hatzidakis.

Multilateral lender Climate Investment Funds (CIF) has agreed to back a $1 billion plan to upgrade Turkey's electricity grid so it can handle more renewable energy by providing an initial investment to the project, it said on Thursday.

Türkiye has sealed agreements with the World Bank amounting to $1.9 billion in financing for four different projects to be implemented in the country.

The deals were inked on the first day of Finance Minister Mehmet Şimşek's visit to the U.S., where he attends the G20 and World Bank meetings.

Aleksandar Nikoloski, the Minister of Transport of North Macedonia, announced that he expects to meet with Bulgarian representatives to discuss a new joint railway project that would connect the two countries. The railway, which is part of Corridor No. 8, would link Skopje with Sofia and extend to the Black Sea.

Private deposits and loans to the private sector fell in July after surging in the previous month, according to data released by the Bank of Greece.

The foreign financing package for Türkiye worth $2.5 billion is at the final phase for signing, Finance Minister Mehmet Şimşek has said.

European Union governments approved on Tuesday the first regular payment to Ukraine of 4.2 billion euros ($4.58 billion) of the €50 billion the EU has set aside as financial support for Kyiv, the governments, called the EU Council, said in a statement.

With the approved loan of $600 million, the amount of financing provided by the World Bank for Türkiye in 2024 is close to $3.7 billion, Treasury and Finance Minister Mehmet Şimşek has announced.

The European Investment Bank (EIB) and Greece's four systemic banks have agreed to a new collaboration in the form of a 700 million-euro guarantee program to support mid-caps in Greece.