IDB Financed Turkey with More than $ 1.5 Billion in 2016

The IDP Group office director in Turkey "Saleh al jelassi " revealed that the total funds provided by the bank to Turkey amounted about one billion and 511 million dollars during the last year...

IDB Financed Turkey with More than $ 1.5 Billion in 2016
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2017-01-19 Last update 2020-02-12

IDB Financed Turkey with More than $ 1.5 Billion in 2016

The IDP Group office director in Turkey "Saleh al jelassi " revealed that the total funds provided by the bank to Turkey amounted about one billion and 511 million dollars during the last year.

 “The financial funds were distributed between the infrastructure sectors, hospitals, roads, and the support for trade and the Islamic finance industry in Turkey” as "jelassi" has stated to the Anadolu agency.

Jelassi has pointed out also that more than 45% of the total funds provided are “long-term".

The Islamic Development Bank is active in the currency market, and issuing it, where it was the leading of investors in both versions of the Turkish Treasury, and a partner with the Turk-Kuwait and al Baraka banks.

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