Türkiye to receive $18B in funding for 3 years, says World Bank’s director for Türkiye
The World Bank’s director for Türkiye, Humberto Lopez, praised the efforts of Türkiye’s Central Bank and Treasury and Finance Ministry in combating inflation, highlighting the significant steps taken by the country’s economic team.
“I think the efforts that have been made by the economic team, both the Central Bank and the Ministry of Finance, have to be recognized, as they have been tackling inflation,” Lopez told Anadolu on Thursday. He also emphasized Türkiye’s strong infrastructure and human capital, noting a positive outlook despite potential challenges.
Lopez mentioned that the World Bank’s executive board discussed a new strategy for the fiscal year during a meeting in April. The proposed strategy includes a financial package of $18 billion for the initial three years, in addition to the existing $17 billion.
“Of the $18 billion we are proposing, $12 billion will be directed to the private sector, $6 billion will be directed to the public sector,” he added.
