The Director of the World Bank in Turkey Umberto Lopez announced the allocation of additional funding in the amount of one billion dollars for a seismic zone in 2025.
Lopez noted that the bank has been implementing projects and research in cooperation with the state and private sectors of Turkey, and recently the main attention is focused on improving efficiency in the country.
According to him, the bank has implemented and continues to implement projects related to infrastructure, healthcare, water distribution system, medical institutions and hospitals in the earthquake zone in Turkey.
The director noted that the earthquake has affected the company’s company, in connection with which the bank, with the support of the International Financial Corporation (IFC), is taking initiatives aimed at providing money to needing companies in the disaster zone.
Lopes indicated that along with initiatives in relation to industrial enterprises and companies in the earthquake zone, projects related to agriculture and livestock are also important.
“In addition to $ 3 billion allocated at the moment for the earthquake zone, we allocated another 1 billion for this year. Thus, a total of $ 4 billion will be allocated,” he said.
Lopez also attracted attention to the desire of Turkey to become a logistics center.
“The country makes very clear efforts in this direction. The location of Turkey is important. Turkey is physically a bridge. But, on the other hand, it is a country that is also moving geopolitically in the direction of the West, – he said.
Meanwhile, Vibka Schlömer, director of the IFC for Turkey and Central Asia, also noted the importance of Turkey in terms of cooperation.
“Turkey is one of the leading developing economies of the world. I can say that this is being watched with great interest, judging by our special contacts with financial centers, banks in London and New York, especially in capital markets. Turkey is not Just a country, this is an important economy.
Schlomer noted that the Turkish private sector has high adaptability and capabilities.
According to her, the strategic geographical position of Turkey and the presence of young labor provide advantages to its economy.
“A positive trend in relation to the Turkish economy from the point of view of macroeconomic stability and improvements coming from credit -rating agencies is carefully and positively monitored by foreign direct investors,” said Schlomer.