Ankara, Türkiye, 20 June 2025 – The Islamic Development Bank (IsDB) and the Republic of Türkiye have signed a US$ 165 million financing agreement to support efforts towards the rapid delivery of inclusive, equitable, and quality education in the earthquake-affected and earthquake-prone regions of the country.

The signing took place in Ankara, the capital of Türkiye, between Mr. Kerem Dönmez, Director General of Foreign Economic Relations, Ministry of Treasury and Finance of Türkiye, and Dr. Walid Abdelwahab, Director of IsDB Group Regional Hub in the country.

The agreement aims to enhance the provision of education services through the construction and operationalization of resilient and environmentally sustainable schools for the population in areas affected by or prone to earthquakes.

During the signing ceremony, Mr. Kerem DÖNMEZ welcomed the ongoing collaboration with IsDB, emphasizing the importance of investments in the education sector and highlighting that rebuilding and restoring educational infrastructure in the earthquake-affected region is one of the top priorities for Türkiye.

Dr. Walid Abdelwahab highlighted that the financing agreement envisages constructing schools that are modern, environmentally sustainable, and seismic-resilient, in line with the latest national standards. This initiative aims to provide a safe and inclusive learning environment for approximately 72,000 students annually.

As part of the project, a total of 93 schools will be constructed, with 33 funded by the IsDB financing, and the remaining schools will be co-financed by the World Bank. These schools will offer state-of-the-art learning environments, equipped with modern educational tools, furniture, and technology to support effective teaching and learning.

The project marks a major milestone under the 2024–2026 Country Engagement Framework between IsDB and Türkiye, one of the founding members of the Bank. The initiative aligns closely with the priorities outlined in the Government’s 12^th Development Plan (2024-2028), reinforcing national efforts to promote sustainable, inclusive, and resilient development.

For more information, please visit: www.isdb.org  or contact:

Kokhorjon Aminov, Operations Team Leader, IsDB | Email:  kaminov@isdb.org

M.A. DinMohammadi, Regional Communications Officer, IsDB | Email: mdinmohammadi@isdb.org  

About Islamic Development Bank (IsDB) Group 

Rated AAA by the major rating agencies of the world, the Islamic Development Bank is the pioneering multilateral development bank (MDB) of the Global South that has been working for over 50 years to improve the lives of the people and communities it serves by delivering impact at scale. The Bank brings together 57 Member Countries across four continents, touching the lives of nearly 1 in 4 people worldwide. It is committed to addressing development challenges and promoting collaboration to help achieve the United Nations Sustainable Development Goals (SDGs) by equipping people to drive their own green economic and sustainable social progress, putting planet-friendly infrastructure in place, and enabling them to fulfil their potential. Headquartered in Jeddah, Kingdom of Saudi Arabia, IsDB has 10 regional hubs and a center of excellence.  Over the years, the Bank has evolved from a single entity into a group comprising: the Islamic Development Bank (IsDB), the Islamic Development Bank Institute (IsDBI); the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC); the Islamic Corporation for the Development of the Private Sector (ICD); the International Islamic Trade Finance Corporation (ITFC); and the Islamic Solidarity Fund for Development (ISFD).