Within the scope of reconstructing the earthquake zone, a new 400 million euro financing has been secured. This brings the total external financing provided since 2023 to 5.5 billion dollars. Turkey has offered a new 400 million euro external financing opportunity for the reconstruction efforts in the earthquake zone. According to information obtained from the Ministry of Treasury and Finance, Turkey continues its efforts to provide suitable conditional and long-term external financing in various sectors. In this context, a co-financing of 400 million euros, with 200 million euros from the World Bank and 200 million euros from the French Development Agency, has been secured. This financing will be allocated to the Ministry of Environment, Urbanization, and Climate Change for the renewal and reconstruction of rural housing in the earthquake zone. It aims to renew and rebuild approximately 2,800 rural houses with this funding. As much as possible, on-site rebuilding will be preferred within the project, improving not only the earthquake resistance of the buildings but also their water, energy, and heat efficiency.

With this new financing, approximately 5.5 billion dollars of external financing has been provided for the reconstruction and development of the earthquake zone from 2023 to date. Along with the 400 million euros in financing, the total amount of suitable conditional and long-term external financing provided for project financing by 2025 has reached approximately 1.1 billion dollars. “RECONSTRUCTION OF THE REGION IS OUR PRIORITY” Minister of Treasury and Finance, Mehmet Şimşek, stated that the reconstruction of the region after the earthquakes centered in Kahramanmaraş is one of the most crucial priorities. Şimşek emphasized that collaborations with international financial institutions for the reconstruction of the region are ongoing, saying, “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 our programs is reflected in the country’s ability to secure external financing. These resources are the result of rule-based, internationally compliant, and rational policies.”