A statement issued by the bank on Wednesday stated that the “Turkey earthquake recovery and reconstruction project” contributes to restoring health services and rebuilding damaged or destroyed municipal infrastructure.
The statement indicated that the project will cover 11 states, home to about 14 million people affected by the earthquake.
The statement quoted the bank’s director in Turkey, Humberto Lopez, as confirming that they will stand by Turkey during its journey to recover from the effects of the earthquake.
He pointed out that this funding is the largest in one payment that was provided to Turkey, indicating that one of the most important goals of the project is to rebuild the infrastructure and health services, and to build and improve rural housing.
In the same context, the bank announced in another statement a $450 million project to prevent the closure of micro, small and medium enterprises affected by the earthquake and to help them retain the job opportunities they provide.
The statement pointed out that the goal of the “Project to Improve Micro, Small and Medium Enterprises after the Turkey Earthquake” is to ensure the continuity of the activities of these companies and support their sustainable growth.
He stressed that the project will be implemented by the Small and Medium Enterprises Development and Support Department under the guarantee of the Ministry of Treasury and Finance.
The statement quoted Lopez as saying that these companies make significant contributions to the Turkish economy in terms of production, exports and employment, considering that supporting their resilience will have indirect positive effects on the economy by supporting supply chains and employment.
On February 6, a 7.7-magnitude earthquake struck southern Turkey and northern Syria, followed hours later by another with a magnitude of 7.6 and hundreds of violent aftershocks, leaving tens of thousands of victims and injured, in addition to massive damage and destruction to buildings and property.
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