World Bank Extends Additional Funding to Turkiye for Construction of Rural Homes in Earthquake-Hit Areas
Turkey, March 18 -- The World Bank will provide additional financing worth €200 million ($207.5 million) in continuation of its support to build rural homes in areas that were devastated by the February 2023 earthquakes in Turkiye. The additional funding by the World Bank is being matched equally by the French development agency AFD, Agence Francaise de Developpement, bringing the total amount of funds available to €400 million. This investment will enable the construction of 2,800 resilient housing units, providing shelter to 9,000 people in earthquake-affected areas.The additional financing is in support of the $1 billion Turkiye Earthquake Recovery and Reconstruction Project, currently under implementation. The project, which...
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