$1.78 billion in World Bank support for Turkey
A rapid damage assessment has begun to estimate the scale of the disaster and identify priority areas for recovery and reconstruction support, the bank said in a statement.
In the statement, it was noted that $1.78 billion will be provided to assist in rescue and recovery efforts following the devastating earthquakes and aftershocks that caused great loss of life, injuries and major damage in southeastern Turkey.
In the bank’s statement it was indicated that a resource of 1,000 million dollars was prepared to support the people affected by the earthquakes.
In the statement, it was stated that $780 million was provided in the first stage through the Contingent Emergency Response Components (CERC), which are within the scope of 2 existing projects in Turkey, and that these projects are the Earthquake , Flood and Forest Fire Emergency Reconstruction Project (TEFWER) and Climate Change and Disaster Resilient Cities Project.
In the statement, it was stated that the Contingent Emergency Response Components allow beneficiary countries to quickly access the project funds they need for emergency responses when needed, as is the current case in Turkey.
The aid will be used to rebuild basic infrastructure at the municipal level, the bank said in a statement.
“WE PREPARATE A QUICK ASSESSMENT FOR THE MAIN NEEDS”
In his statement on the subject, World Bank Group President David Malpass expressed his condolences to the people of Turkey and Syria for the great loss suffered as a result of the devastating earthquakes.
“As a bank, we are preparing a rapid assessment for urgent and major needs in the field, in addition to emergency assistance. This assessment will identify priority areas for the country’s recovery and rebuilding as we prepare operations to meet the needs.” he used the phrase.
Humberto Lopez, World Bank Country Director for Turkey, said: “Turkey’s immediate and future needs are enormous and run the gamut from aid to reconstruction.” he performed the assessment of it. (AA)