Turkey unveils 1 trillion lira manufacturing financing package at NATO summit

President Recep Tayyip Erdoğan announced a total of 1 trillion lira of conditional financing for the manufacturing sector during a cabinet meeting held after the NATO Leaders’ Summit in Ankara. The programme expands the Investment Commitment Advance Credit programme to 750 billion lira and adds a new 250 billion lira credit line for manufacturers. Loans will have up to 36‑month terms, six months without principal repayment, and the state will subsidise 12 percentage points of the financing cost.

Finance Minister Mehmet Şimşek and Denizli Exporters’ Association (DENİB) President Osman Uğurlu praised the package as a boost for production, exports and employment. The summit, attended by leaders of 32 NATO members, also featured cultural promotions, including a showcase of Turkish gastronomy and the decision to establish a NATO‑backed Unmanned‑Systems Counter‑Measure Centre in Konya.

Both the economic initiative and the summit’s diplomatic and defence outcomes were presented as evidence of Turkey’s rising international standing and its commitment to strengthening the domestic industrial base.