World Bank approves $600M for Türkiye to strengthen resilience to both floods, drought
Bank also supports Türkiye achieving its target of becoming carbon neutral by 2053, says World Bank country director
ANKARA
The World Bank on Friday approved $600 million in financing to support Türkiye’s efforts to protect people and strengthen resilience in the face of both floods and drought.
The Türkiye Flood and Drought Management Project will help increase flood controls for people living in flood-prone areas, enhance farmers’ drought-monitoring capacity, and strengthen the country's institutional capacity for flood and drought risk management, said a statement from the bank.
More than 150,000 people living in seven river basis will directly benefit, and some 10,000 farmers will be provided with vital drought monitoring data.
Highlighting the country's awareness of climate change, Humberto Lopez, the bank's country director for Türkiye, said: "The World Bank is delighted to support Türkiye in its wide-ranging efforts to build resilience against climate-related risks to protect people and the economy as well as achieve the country’s target of becoming carbon neutral by 2053."
