‘External resources provided for project financing amount to 7.5 billion dollars’

Minister of Treasury and Finance Mehmet Simsekfrom the European Investment Bank (EIB) stated that they signed an agreement to provide 400 million Euros of financing in order to heal the wounds of the earthquake and contribute to the reconstruction of cities, “Thus, as of November this year, the amount of external resources provided for project financing reached 7.5 billion dollars.” said.

Şimşek made an evaluation regarding the external resource opportunities provided by Turkey in the field of project finance.

Stating that 400 million Euros of financing will be provided to ILBANK, free of charge, to be used within the scope of the “Turkey Post-Earthquake Reconstruction Framework Project”, Şimşek said, “A loan of 400 million Euros will be provided from the European Investment Bank in order to heal the wounds of the earthquake and contribute to the reconstruction of cities. “We signed the agreement,” he said.

Şimşek pointed out that the project aims to contribute to the need for improvement and reconstruction in cities after the earthquake disaster and said, “We are spending approximately 3 percent of the gross domestic product (GDP) this year to rebuild the region affected by the February 6 earthquakes.” used.

“FIRST FINANCING SINCE 2018”

Pointing out that the last financing was provided from the EIB for project purposes in 2018, Şimşek said, “Our communication with the EIB has become much stronger, as with other international organizations. Thus, as of November 2023, the amount of external financing provided for project financing will reach 7.5 billion dollars.” “It has been reached,” he said.

Stating that they welcomed the EIB’s support for Turkey’s restructuring efforts, Şimşek thanked the European Union for its solidarity with Turkey.