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World Bank approves $650 million Istanbul Resilience Project

World News

09-08-2025 | 01:59

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World Bank approves $650 million Istanbul Resilience Project

The World Bank said on Friday it had approved a $650 million loan to support the Istanbul Resilience Project, an investment aimed at strengthening the city’s capacity for emergency preparedness and its response to disasters and climate risks.

The bank added in a statement that the project focuses on protecting lives, livelihoods, and economic activity in Turkey’s largest city and aims to improve Istanbul’s resilience.

Reuters

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