Humberto Lopez
World Bank provides financing for green transition
The World Bank has said it is providing $400 million in financing to help women and youth access jobs and economic opportunities being created by the green transition in Türkiye.
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World Bank has confidence in economic team’s policies: Lopez
The World Bank has confidence in the policies of Türkiye's new economic team, says Humberto Lopez, the bank's country director, adding that the economic outlook for the Turkish economy will improve in mid-2024.
Earlier in September, the global lender decided to more than double its funding for Türkiye to $35 billion over the next three years.
World Bank provides financing for quake-hit enterprises
A new World Bank project will help avert the closure and maintain employment in viable micro, small and medium enterprises (MSMEs) affected by the economic shocks of the earthquakes that hit southeastern Türkiye.
The $450 million project's objective is to support business continuity and sustainable growth of viable MSMEs in the 11 earthquake-hit provinces.