EBRD to invest up to €1.5 billion in Türkiye’s earthquake-hit region
The European Bank for Reconstruction and Development (EBRD) plans to invest up to €1.5 billion in Türkiye’s south-eastern region over the next two years to address the impact of the devastating earthquakes that took place on 6 February 2023.

The EBRD response aims to support the recovery, reconstruction and reintegration of the region’s economy to preserve human capital, livelihoods and jobs in the affected cities.

The Bank’s response will include board approved €600 million in credit lines to local banks for businesses and individuals directly affected by the earthquakes, as well as new lending to companies participating in recovery and reconstruction efforts in the area, strengthening the private sector’s role.

The EBRD will also support the reconstruction of sustainable infrastructure in the affected cities, building on the Bank’s strong track record of cooperation with municipalities such as Hatay and Gaziantep. It will also focus funds on the reconstruction of the railway network to re-establish connectivity between the south-eastern region and the rest of the country.