A new financing of 400 million euros has been secured for the reconstruction of the earthquake zone. This brings the total external financing obtained since 2023 to $5.5 billion. Turkey has provided a new external financing opportunity of 400 million euros 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. Within this framework, a co-financing of 400 million euros was secured, with 200 million euros from the World Bank and 200 million euros from the French Development Agency. 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. The aim is to renovate and rebuild approximately 2,800 rural homes with this financing. The preference will be for on-site reconstruction as much as possible in the project, and besides earthquake resistance, water, energy, and thermal efficiency of these buildings will also be enhanced.

EARTHQUAKE ZONE RECEIVES $5.5 BILLION
With this new financing, approximately $5.5 billion in external financing has been provided since 2023 for the reconstruction and development of the earthquake zone. Along with the financing of 400 million euros, the total amount of suitable conditional and long-term external financing obtained for project finance reached around $1.1 billion by 2025. “RECONSTRUCTION OF THE REGION IS OUR PRIORITY”
Minister of Treasury and Finance Mehmet Şimşek stated in his evaluation on the matter that the reconstruction of the region after the earthquakes centered in Kahramanmaraş is one of the most important priorities. Mentioning the ongoing collaborations with international financial institutions for the reconstruction of the region, Şimşek said, “We expect the financing for the earthquake zone to increase even more by the end of the year. The trust in Turkey’s economy and program is evident in the country’s external financing. These resources are a result of rule-based, internationally normed, rational policies.”