Within the scope of rebuilding the earthquake zone, a new financing of 400 million euros has been secured. This brings the total external financing obtained since 2023 to 5.5 billion dollars. Turkey has provided a new external financing opportunity of 400 million euros for the reconstruction efforts in the earthquake zone. According to information from the Ministry of Treasury and Finance, Turkey continues its efforts to secure suitable conditional and long-term external financing in various sectors. In this context, a co-financing of 400 million euros was obtained, with 200 million euros from the World Bank and 200 million euros from the French Development Agency. This financing will be channeled to the Ministry of Environment, Urbanization, and Climate Change for the renewal and reconstruction of rural housing in the earthquake zone. The goal is to renew and rebuild approximately 2,800 rural houses with this financing. The preference will be for on-site reconstruction as much as possible within the project, and the earthquake resistance of these buildings will be improved along with water, energy, and heat efficiency. With this new financing, around 5.5 billion dollars of external financing has been provided for the reconstruction and development of the earthquake zone since 2023. Along with the financing of 400 million euros, the total amount of suitable conditional and long-term external financing provided for project funding has reached approximately 1.1 billion dollars by 2025. “RECONSTRUCTION OF THE REGION IS OUR PRIORITY” Finance Minister Mehmet Şimşek stated in his evaluation of the issue that reconstruction of the region following the earthquakes centered in Kahramanmaraş is one of the most important priorities. Şimşek mentioned that collaborations with international financial institutions for the reconstruction of the region are ongoing, and he expressed, “We expect the financing for the earthquake zone to increase even further by the end of the year. The trust in Turkey’s economy and program is evident in the country’s ability to secure external financing. These resources are a result of rule-based, internationally compliant, and rational policies.”
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