AIIB

The European Bank for Reconstruction and Development (EBRD) is providing a 500-million-euro financing to support the regions affected by last year's devastating earthquakes.

The agreement regarding the new financing was signed between the Treasury and Finance Ministry and the development bank.

The Asian Infrastructure Investment Bank "serves China's interest" and Beijing wields "undue" influence over what is supposed to be a multilateral organisation, a former executive told AFP yesterday after resigning.

In the wake of his resignation, Canada's Finance Minister Chrystia Freeland announced Ottawa would "immediately halt all government-led activity at the Bank".

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic met with Asian Infrastructure Investment Bank (AIIB) Vice President Konstantin Limitovskiy on Friday and noted that 15 bln euros must be invested in the Serbian energy sector over the next 10 years.

BELGRADE - Serbian PM Ana Brnabic met with Asian Infrastructure Investment Bank (AIIB) President Jin Liqun and Vice President Konstantin Limitovskiy on Wednesday to discuss projects for future cooperation ranging from digitalisation and science to energy, infrastructure and environmental protection.

BELGRADE - Serbian Finance Minister Sinisa Mali met with Asian Infrastructure Investment Bank (AIIB) President Jin Liqun on Wednesday to inform him of Serbia's macroeconomic performance, noting that the country was the region's dominant economy.

The Asian Infrastructure Investment Bank (AIIB) has signed a 140-million-euro loan with Fraport TAV Antalya Yatırım, Yapım ve İşletme (FTA) for the expansion and modernization of Antalya's Airport to improve airport service and the availability of travel options.

Turkey's ever-growing energy industry continues to draw investments from international institutions. The World Bank and Asian Infrastructure Investment Bank (AIIB) have provided a $1.2 billion loan for the capacity expansion project of Lake Tuz underground natural gas storage facility, the Energy and Natural Resources Minister Berat Albayrak announced yesterday at a ceremony in Ankara.

The Greek Prime Minister Alexis Tsipras promoted an agenda of positive relations between Greece and Turkey during his meeting with the Turkish President Recep Tayyip Erdogan this morning in Beijing.

According to some sources, the Turkish president expressed the wish to fully implement the Lausanne Treaty.

The World Bank Group and the China-led Asian Infrastructure Investment Bank said on April 23 they agreed to deepen their cooperation with a framework for knowledge sharing, staff exchanges, analytical work, development financing and country-level coordination.

The China-backed Asian Infrastructure Investment Bank (AIIB) has approved a $600 million loan to finance a natural gas pipeline from Azerbaijan through Turkey, it said Dec. 21, taking its total loans in its inaugural year to $1.73 billion.