Turkey

Partnership overview

Turkey became the 26th State Participant to the African Development Fund (ADF) and a member of the Bank in October 2013. Turkey announced a period of its Africa relationship called the ‘Africa Partnership Policy’ covering the period from 2013 to 2018. The first Turkey-Africa Cooperation Summit was held in Istanbul, in August 2008. In November 2014, the Second Turkey-Africa Partnership Summit took place in Malabo, Equatorial Guinea where a “Turkey-Africa Joint Implementation Plan 2015-2019” was adopted. The Third Turkey-Africa Partnership Summit will be held in Turkey in 2019.

Joint initiatives

Ø  The African Development Bank (AfDB), together with the Undersecretariat of Turkish Treasury and Foreign Economic Relations Board of Turkey (DEiK) organized its first Business Opportunities Seminar (BOS) in Istanbul on January 28, 2016. The BOS was intended to strengthen partnerships between the AfDB and stakeholders in Turkey through a comprehensive learning event about AfDB and to provide a forum for one-on-one discussion with Bank’s experts/professionals on all aspects related to the Bank and its operations. A multi-sectoral delegation from AfDB participated in this BOS to achieve this goal. The BOS was very successful with a high participation rate of private companies and stakeholders.

  • Turkey and the African Development Bank Group are currently discussing further engagement in joint activities and business opportunities. 
  • Turkey’s aviation group, TAV, is the project sponsor and Engineering, Procurement and Construction (EPC) contractor for the Enfidha airport in Tunisia. AfDB’s Private Sector Department was involved in this airport financing.
  • The Bank has issued numerous bonds denominated in Turkish Lira, having raised TRY 1,072.89 million since 2009 through 16 transactions. Turkey’s consent to issue bonds denominated in Turkish Lira was received in March 2014.

Contact

Mr. Hau Sing Tse
Executive Director
African Development Bank, Abidjan, Cote d’Ivoire
Tel: (225) 2026 2021

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