Today: 14 March 2025
10 February 2023
2 mins read

WB gives $1.78bn to quake-hit Turkey

World Bank Group President David Malpass expressed condolences to the people of Turkey and Syria…reports Asian Lite News

The World Bank has announced providing USD 1.78 billion in assistance to Turkey to help with relief and recovery efforts after devastating earthquakes in Turkey and neighbouring Syria.

The death toll following the earthquakes that hit Turkey and Syria on Monday has risen to 21,051, CNN reported citing authorities. At least 78,124 people in Syria and Turkey were injured after the quakes, CNN cited the figures from the Turkish government, the White Helmets and Syrian state media. The World Bank in a press release said that it has started a rapid damage assessment to estimate the magnitude of the disaster and identify priority areas for recovery and reconstruction support, based on its extensive experience in disaster risk management from around the world.

“The World Bank announced today $1.78 billion in assistance to help relief and recovery efforts following devastating earthquakes and aftershocks in Turkiye that have already resulted in massive loss of life, injuries, and very significant damages in and around southeastern Turkiye,” the World Bank has announced in a statement.

World Bank Group President David Malpass expressed condolences to the people of Turkey and Syria. Malpass stated that they are providing immediate assistance and preparing a rapid assessment of the needs on the ground.

“On behalf of the World Bank Group, we express our deepest condolences to the people of Turkiye and Syria for the great loss you have suffered as a result of the devastating earthquakes,” said World Bank Group President David Malpass said.

“We are providing immediate assistance and preparing a rapid assessment of the urgent and massive needs on the ground. This will identify priority areas for the country’s recovery and reconstruction as we prepare operations to support those needs,” David Malpass added.

According to World Bank’s press release, the assistance of USD 780 million is offered through Contingent Emergency Response Components (CERCs) from two existing projects in Turkey – the Turkiye Earthquake, Floods and Wildfires Emergency Reconstruction Project (TEFWER) and the Climate and Disaster Resilient Cities Project.

It further stated that an additional USD 1 billion in operations is being prepared to support the impacted people as the World Bank provides immediate support for recovery and reconstruction from this catastrophe. (ANI)

ALSO READ: Turkey hails UAE’s immediate help

Previous Story

EU assures Ukraine of support as Zelensky visits Brussels

Next Story

22 UAE aid planes on relief operation

Latest from -Top News

US pullback on Gaza plan welcomed 

The Hamas movement also responded positively, stating that the reversal was a welcome move….reports Asian Lite News Palestinian, Jordanian, and Egyptian officials have welcomed US President Donald Trump’s decision to abandon his

Can AI Transform the Future of India-GCC Ties? 

One area where AI can significantly enhance India-GCC cooperation is in the field of supply chain management and logistics. …writes Sudhanshu Kumar and Rashi Randev  Recently, a few months back, the External

Syrian leader signs constitutional declaration 

The declaration enshrines several fundamental rights, including freedom of opinion, expression, the press, and access to information.  Syrian President Ahmad al-Sharaa signed the draft Constitutional Declaration on Thursday, marking a significant step

Sheikh Mohammed Hosts Ramadan Gathering 

His Highness Sheikh Mohammed bin Rashid emphasised that this year’s Ramadan coincides with “The Year of Community,” offering a significant opportunity to reinforce national unity and strengthen social bonds.  His Highness Sheikh
Go toTop

Don't Miss

Top Arab lawmakers in quake-hit Syria

The eight Arab lawmakers held a meeting with President Bashar

Erdogan says he may meet Syrian President

This was the first high-level contact between Ankara and Damascus