It has been reported that Turkey is engaging in discussions with the World Bank to expand its financing package. The amount of financing the organization will provide to Turkey had increased to $35 billion last year. It is expected that this figure will be further increased as a result of the ongoing negotiations. A source familiar with the matter stated that the discussions are regarding an increase in the $35 billion financing and expects the process to result in a further increase in the amount. Additionally, as part of the G-20 and World Bank meetings in the United States, a financing agreement totaling $1.9 billion for four projects was signed with the participation of Turkey’s Treasury and Finance Minister Mehmet Şimşek. The World Bank had announced last year that it would provide an additional $18 billion in financing to Turkey. Thus, the size of the financing package provided to Turkey had increased to $35 billion. The majority of the financing provided by the World Bank to Turkey was allocated to areas such as renewable energy, disaster management, climate change, and export support. Humberto Lopez, the World Bank’s Country Director for Turkey, had previously stated that the reason for increasing the institution’s financing to Turkey last year was due to the change in economic policies and the trust in this process.