Export credit agencies
The Turkish Wealth Fund (TWF) and China Export and Credit Insurance Corporation (Sinosure) have signed a Memorandum of Understanding (MoU) to promote bilateral economic, trade and investment cooperation.
Sinosure will consider providing support up to $5 billion with respect to the financing activities, according to a statement from TWF on March 26.
Türk Eximbank, Turkey's major export incentive instrument, on March 24 introduced a support package for exporters to mitigate the impact of the coronavirus pandemic.
The move aims for exporters to continue production and maintain employment as they see orders falling or being canceled due to virus fears.
Serbia is negotiating a $400 million loan from Turkey's Exim Bank to develop infrastructure it needs to spur investments and growth, Serbia's trade minister said on March 20.
A Turk Eximbank committee last week met investors with business volume worth more than $1 trillion in the U.S., the bank said on Feb. 26.
Turk Eximbank has stepped up its road shows to raise medium- and long-term financing to support Turkish exporters.
Turk Eximbank has gained resident member status in the Asian Exim Banks Forum (AEBF), a regional group of export-import institutions, the bank announced on Nov. 15.