The European Bank for Reconstruction and Development (EBRD) has decided to invest up to 1.5 billion euros over the next two years in the regions affected by the earthquakes on February 6 in Turkey.

The EBRD statement indicated that this step aims to strengthen the recovery, restructuring and integration of the region’s economy to protect human capital, livelihoods and jobs in the affected cities.

LOAN OF 600 MILLION EUROS TO DIRECTLY AFFECTED

It was indicated that within the scope of the investment, the bank will provide loans of 600 million euros to local banks for individuals and companies directly affected by the earthquake, and will strengthen the role of the private sector by providing loans to companies involved in the recovery. and restructuring efforts in the region. (Reuters)