Turkey's Membership For African Development Bank Approved

ANKARA - Turkey`s application to be a member of African Development Bank (AFDB) was approved.
Turkish businessmen will be able to join all projects in Africa thanks to the membership.
Turkey has become the 25th Non-Regional Member of the bank.
Turkey`s membership will increase commerce and investment volume and help Turkish contractors to undertake business (annual worth of 2-3 billion USD) which will be held with AFDB`s financing.
Trade volume between Turkey and African countries is currently 10 billion USD. Turkey aims to increase this figure to 30 billion USD by 2010 after the membership.
Currently, the AFDB has 53 African (Regional Members) and 25 Non-Regional members --Argentina, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, India, Italy, Japan, Korea, Kuwait, Netherlands, Norway, Portugal, Saudi Arabia, Spain, Sweden, Switzerland, Turkey, United Kingdom and the U.S.
AFDB was established on September 10th, 1964 to develop economic cooperation among independent African countries.
(GC-AÖ)