WB to make large investments in Turkey


June 10, Fineko/abc.az. The World Bank has announced that it is investing large finances in the Turkish economy.

ABC.AZ reports that this bank plans to allocate $400 million for two projects.

The WB approved a $265 million loan to Turkey to strengthen the safety of public buildings against the dangers of earthquakes while also improving energy efficiency to reduce energy bills and harmful carbon emissions.

The Bank also approved $135 million for a project in Turkey to protect 90,000 poor and vulnerable people, half of whom are women, against natural and climate-induced hazards and increase their livelihood opportunities.