World Bank Supports Istanbul's Disaster Resilience with New $650 Million Project
Turkey, Aug. 8 -- The World Bank has approved a $650 million loan to support the Istanbul Resilience Project, a critical investment to strengthen the city's emergency preparedness and response capacities for disasters and climate risks. Focused on protecting lives, livelihoods, and economic activity in Turkiye's largest city, the project aims to improve Istanbul's resilience.With Istanbul generating nearly one-third of Turkiye's gross domestic product (GDP) and home to over 15 million people, the city's vulnerability to earthquakes and climate shocks poses risks not only to its population but also to the national economy. The project will help ensure that key public services can function during and after disasters, protect communities, and ...
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