World

World Bank approves $650 million Istanbul Resilience Project

Published August 9, 2025 Updated August 9, 2025 11:37am
By

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

Focused on protecting lives, livelihoods and economic activity in Turkiye’s largest city, the project aims to improve Istanbul’s resilience, the World Bank said in a statement.