News >
|
World Bank Announces New Partnership Framework For Türkiye
|
|
11.04.2024 16:27
World Bank expects to deliver $18B to Türkiye in 2024 2028 period.
|
The World Bank Group on Thursday announced a new country partnership framework (CPF) for Türkiye covering the 2024-2028 fiscal years to support the country's transition to high-income status.
The CPF will focus on three key development strategies in the country – productivity growth, jobs and better public service delivery, and resilience against natural disasters, the bank said.
"The framework reflects the strong and growing collaboration between Türkiye and the Group's institutions: the International Bank for Reconstruction and Development, International Finance Corporation and Multilateral Investment Guarantee Agency," it said.
The World Bank Group expects to deliver $18 billion during this five-year period, adding to the current country portfolio of $17 billion, which is the bank's third-largest country program.
Humberto Lopez, the bank's country director for Türkiye, said: "Türkiye has made tremendous progress in the last two decades, significantly raising living standards for its people, developing modern infrastructure, and integrating its economy into the global economy and global value chains.
"The new CPF will build on this progress and leverage the combined strength of the World Bank Group to support Türkiye as it continues its remarkable development journey. Key areas of future support include the government's energy transition plan and strategic infrastructure."
Wiebke Schloemer, director for Türkiye and Central Asia at the International Finance Corporation, said: "As the CPF highlights, the priorities going forward are clear – to build resilience, drive the country's green transition, and ensure no one is left behind on that journey.
"IFC will continue to work to unleash the Turkish private sector's vast potential through strategic investments and advisory services and by mobilizing private capital to drive strong, sustainable, and inclusive economic growth."
Moritz Nikolaus Nebe, acting director of Economics and Sustainability at the Multilateral Investment Guarantee Agency, said: "As part of the new CPF, MIGA will be excited to leverage the new World Bank Group guarantee platform to assist the country in attracting and mobilizing private capital, including to support the development of green and sustainable infrastructure, fostering resilient growth." -
|
|
|
|
-
Cübbeli Ahmet Hoca was attacked.
-
Ahmet Mahmut Ünlü, also known as Cübbeli Ahmet Hoca, was attacked after a conversation in Istanbul Ikitelli. A person from the crowd grabbed Ünlü by the throat and cursed at him, but the security guards intervened immediately. The moments were captured on a mobile phone camera.
-15 minutes ago...
-
Ümit Özdağ clarified his statements about Engin Polat: A figure was mentioned in the negotiation between the two politicians.
-
Zafer Party leader Ümit Özdağ, who previously stated "I know how Engin Polat got released from prison. Unfortunately, I cannot write about it," has made a new statement regarding his release in the money laundering case. Özdağ, during a live broadcast, said, "Before this decision was made, a friend of mine coincidentally overheard a conversation between two politicians and the content of the conversation. There was a discussion between two individuals, a negotiation took place, and an amount was mentioned. I know what they talked about."
5 minutes ago...
-
Bolu Mountain Tunnel has been opened for service in the Ankara-Istanbul direction.
-
Bolu Mountain Tunnel has reopened in the Ankara-Istanbul direction after the completion of the extension works for both tubes. Minister of Transportation and Infrastructure, Abdulkadir Uraloğlu, stated, "We have extended the Ankara-Istanbul direction by 67 meters and opened it for service today, 12 days ahead of schedule. Our country's busiest highway is now much safer against potential landslides in Bolu Mountain."
-5 minutes ago...
-
AK Party Spokesperson Çelik's new statement regarding lieutenants: If there is intention and indiscipline, necessary actions will be taken.
-
After President Erdogan's remark "Who are you drawing these swords against?" during the swearing-in ceremony of lieutenants at the military academy, AK Party Spokesperson Omer Celik made a new statement. Celik, in a live broadcast he participated in, said, "Intention, negligence, and indiscipline will be examined in this context, and necessary actions will be taken." AK Party Spokesperson had also stated in a previous statement, "It is unhealthy to approach the respect shown to Ataturk in a way that is directed towards our president. If there is indiscipline, it will be investigated."
5 minutes ago...
|
|
|
|