Published September 01,2023
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Türkiye and the World Bank on Friday signed the deal of $1 billion in financing to help the earthquake-ravaged southern area.
The Türkiye Earthquake Recovery and Reconstruction Project will assist restore well being providers, rebuild broken or destroyed municipal infrastructure, and restore and rebuild rural properties broken or destroyed by the twin earthquakes that struck southern Türkiye on Feb. 6.
More than 50,000 folks have been killed by earthquakes with magnitudes 7.7 and seven.6 that hit 11 provinces, that are house to about 14 million folks.
The World Bank introduced the approval of the financing on June 27.
Some $296.5 million of the mortgage shall be used within the tasks of the Ministry of Environment, Urbanization, and Climate Change, $252.2 million within the Ministry of Health and $388.3 million in Iller Bank (ILBANK) tasks.
Commenting on the financing, Treasury and Finance Minister Mehmet Şimşek stated: “With the support and opportunities provided by both international and domestic parties, we will continue to work with all our strength so that the region can quickly return to its old good days.”
Source: www.anews.com.tr
