The World Bank's decision to significantly increase its exposure to Türkiye is a further endorsement of our medium-term economic program.
The Bank plans to more than double its funding for Türkiye's public and private sector to $35 billion over the next three years. We appreciate the World Bank’s invaluable partnership and strong commitment to Türkiye’s economic development.
This is in addition to UAE’s previously announced three-year investment plan totaling nearly $51 billion. The availability of such a significant external funding undoubtedly enhances the successful execution of our program.
Our medium term economic program (through well calibrated monetary, fiscal and structural policies) aims to achieve macroeconomic and financial stability, promote inclusive and sustainable growth, and successfully complete the post-earthquake reconstruction.
The program is centered on reviving the reform momentum to boost productivity.