The European Investment Bank today outlined details of a comprehensive earthquake reconstruction and recovery package of up to EUR 500 million new financial support, within the European Union’s overall response, at the Donors’ Conference for the People of Türkiye and Syria convened in Brussels by the European Commission and Swedish Presidency of the European Council.
The President of the EIB, Werner Hoyer, has called for international humanitarian efforts tackling the refugee crisis to be reinforced by action that helps countries and communities anticipate and respond to crises in a resilient manner. EIB President Werner Hoyer was speaking ahead of the first-ever UN World Humanitarian Summit to be held in Istanbul on 23 - 24 May, gathering world leaders, civil society, multilateral development banks and other key actors in the world of development and humanitarian aid.
A high-level delegation of the EIB led by Vice-President Pim van Ballekom is in Istanbul for a two-day official visit. The delegation will meet today and tomorrow representatives of major Turkish companies and banks for the signature of seven new loan agreements, totalling over EUR 800 million. Small and medium enterprises (SMEs) will attract the largest part of the new funding; other loans will support healthcare and port infrastructure projects.