ÌýTürkiye and theÌýWorldÌýBankÌýsigned aÌýfinancingÌýdealÌýof $1.9 billionÌýforÌýfour importantÌýprojectsÌýon energy efficiency, flood and drought risk management, green transition, and reconstruction of industrial sites in the earthquake-stricken zone of southeastern Türkiye.
TheÌýprojects, which will be carried out by their respective Turkish ministries, will aim to improve energy efficiency in public buildings and disaster resilience, give support to those negatively affected by green transition, and ensure sustainabilityÌýforÌýmicro, small and medium-sized enterprises in the earthquake-stricken zone.
With the new fourÌýprojects, Türkiye’s totalÌýfinancingÌýreceived from the lender reached $3.9 billion so far.
Turkish Trade Minister Mehmet Simsek visited the US on TuesdayÌýforÌýthe G20 and theÌýWorldÌýBankÌýmeetings, where the bilateral meetings took place.
Simsek told Anadolu that theÌýWorldÌýBankÌýsignificantly increased the funding allocated to Türkiye immediately after the announcement of the Medium-Term Program (MTP) last year and added another $18 billion to the ongoing $17 billion program, which is expected to be provided in three years, and the totalÌýfinancingÌýamount will reach $35 billion.
“TheseÌýprojectsÌýstrongly reaffirm theÌýWorldÌýBank’s confidence in our economic program, and theÌýbank’s efforts to increase the total package continue as the lender considers our development priorities,â€� he said.
Reporting by DilaraÌýZengin Okay in Washington
Writing by Emir Yildirim in Istanbul
Anadolu Agency