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Türkiye has obtained a total of $6.4 billion in international financial support to bolster reconstruction and employment in regions severely affected by the 2023 earthquakes, the Treasury and Finance Ministry announced on Monday.
The latest tranche came from the World Bank, which approved a $500 million loan to Türkiye’s Development and Investment Bank to support job preservation and boost employment across 18 provinces—11 directly hit by the Feb. 6, 2023, earthquakes and seven neighboring regions still grappling with economic hardship.
The loan agreement was signed on May 23 and is expected to play a pivotal role in stabilizing labor markets and supporting business continuity in the disaster-hit region.
According to the Treasury and Finance Ministry, of the $6.4 billion raised since February 2023, approximately $2.4 billion has been allocated to the real sector and Türkiye’s exporters.
The term “real sector” refers to the portion of the economy that produces goods and services, excluding financial services.
This allocation underscores the government’s strategy of strengthening the country’s industrial base and boosting international trade to facilitate long-term recovery and economic growth.
Finance Minister Mehmet Simsek stated that the government remains focused on policies that support employment, promote high-value-added production, and provide wide access to affordable financing.
“We continue to mobilize long-term and favorable external resources to heal the wounds of the earthquake and support economic activity in the region,” Simsek stated in his post on X.
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