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Türkiye has secured nearly $8.7 billion in foreign financing since the February 2023 earthquakes to support reconstruction and economic recovery across the affected provinces, according to the data compiled from the Treasury and Finance Ministry.
On Feb. 6, 2023, two powerful earthquakes struck southeastern Türkiye with magnitudes of 7.8 and 7.5. Over 50,000 people were killed, over 100,000 were injured, and around 3.3 million were displaced.
The quakes destroyed or severely damaged over 230,000 buildings across 11 provinces, making it one of the deadliest disasters in the country's modern history.
The funds are being directed toward rebuilding critical infrastructure, including schools, hospitals, housing, and municipal utilities, as well as supporting small and medium-sized enterprises (SMEs), expanding employment, and strengthening rural development.
More than $5 billion was secured in 2023 and 2024 from the World Bank, European Investment Bank (EIB), and Japan International Cooperation Agency (JICA).
The World Bank provided $990.8 million for programs under the health and environment ministries and extended $450 million to Türkiye’s SME development agency KOSGEB to support small business recovery.
The EIB approved €428.4 million ($505.98 million) in credit for municipal projects, while JICA contributed $387.3 million for infrastructure and urban renewal.
Further World Bank commitments included $600 million to the Industry and Technology Ministry and $241.4 million to the Agriculture and Forestry Ministry in 2024.
In 2025, Türkiye secured €400 million in co-financing from the World Bank and the French Development Agency to rebuild 2,800 rural homes, with funds routed through the Environment Ministry.
An additional $500 million was pledged under a registered employment initiative aimed at increasing formal job opportunities.
The Islamic Development Bank approved €200 million for reconstruction and transport infrastructure in urban areas.
A new Disaster Reconstruction Fund was launched in 2025 with €485 million in soft financing to help coordinate and track international recovery projects.
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