ANKARA: With the approved loan of $600 million, the amount of financing provided by the World Bank for Trkiye in 2024 is close to $3.7 billion, said the Turkish Treasury and Finance Minister Mehmet Simsek. The loan of $600 million to ensure the sustainability of economic activities in the region by building disaster-resistant and low-emission small industrial sites in the earthquake-ravaged region, he told Anadolu. The World Bank had decided to increase its $17 billion support to Trkiye under the medium term program to $35 billion by adding another $18 billion, he also reminded. 'In addition, the amount of financing approved by the World Bank so far for projects in earthquake-affected provinces has reached approximately $2 billion. 'This financing is an indication of the World Bank's confidence in our country and our economic program,' he emphasized. Simsek also stated that the government continues to cooperate with the World Bank on projects in the disaster area to revive the regional industry, which ma de a significant contribution to the economy before the earthquake, and to strengthen employment. Source: Anadolu Agency
World Bank’s contribution to Trkiye reaches $3.7B
News For
RECENT POSTS
Tourism Decline Over First 7 Months of 2026 Limited to 8%, Says Koumis
September 20, 2026
Cyprus Sea Weather Forecast Highlights Weak Low Pressure
September 19, 2026
S&P Elevates Cyprus Credit Rating to A/A-1 with Positive Outlook
September 19, 2026
S&P Upgrades Cyprus’s Credit Rating Amidst Global Geopolitical Instability
September 19, 2026
S&P Upgrade Signals Renewed Confidence in Cypriot Economy, President Affirms
September 19, 2026
UN Mission in Cyprus Cautions Against Hunting in Buffer Zone
September 19, 2026