TWF, Sinosure sign pact

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.

According to the MoU, Sinosure will look at providing support up to USD5 billion with respect to financing activities, according to a statement.

In addition, Sinosure will recommend relevant Chinese enterprises to the Turkish fund as investors, contractors and financial institutions for projects in energy, petrochemicals and mining sectors addressing the current account of Turkey.