On the first day of his visit to the US, Minister of Treasury and Finance Mehmet Şimşek signed a financing agreement with the World Bank for 4 projects with favorable conditions.
Şimşek held a series of bilateral meetings in the U.S., where he was in for the G20 and World Bank meetings. Under the agreement, loans were provided for four important projects such as energy efficiency, flood and drought risk management, green transition and reconstruction of industrial sites in the earthquake zone. These projects will be implemented by the Ministry of Environment, Urbanisation and Climate Change, the Ministry of Agriculture and Forestry and the Ministry of Industry and Technology.
The projects aim to increase energy efficiency in public buildings, strengthen disaster resilience, support groups adversely affected by the green transition, and ensure the sustainability of micro, small and medium-sized enterprises in the earthquake zone.
With these projects, Türkiye received approximately 1.9 billion dollars in financing from the World Bank. Thus, the total amount of financing obtained from the World Bank this year reached 3.9 billion dollars.
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