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29-05-21
Asian Infrastructure Investment Bank gives loan of USD250M
(MENAFN)The Asian Infrastructure Investment Bank (AIIB) gave a four-and-a-half-year loan worth USD250 million to Turk Eximbank at a competitive level of cost.
The state-owned Eximbank stated that the loan, under Turkish Treasury and Finance Ministry guarantee, plans to decrease the liquidity constraints affected by COVID-19 and to improve the exporters' access to finance.
It further declared that it is also planned to give low-interest and medium-term support in exchange for export commitments.
The fund will be applied within the scope of the bank’s sustainability process, according to the bank's General Manager Ali Guney.
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