Strategy
Number of Active Projects | 22 |
Lending | US$2 billion/year |
TOTAL | US$10.9 billion |
The partnership between Türkiye and the World Bank Group (WBG) is outlined in the Country Partnership Framework (CPF), which was initially designed to cover the FY18–21 period but was updated and extended to include FY22–23 through the Performance and Learning Review (PLR) in 2020. The PLR confirmed that CPF objectives remain valid and ensured continued alignment with the government strategies including the 11th Development Plan (DP, 2019-2023) and the New Economic Program (launched in 2021). The World Bank Group program continues to maintain a long-term focus that maximizes opportunities to support Türkiye’s progression to high-income status.
There are 28 active IBRD operations amounting to $10.9 billion. The portfolio also includes one Global Environment Facility (GEF)-financed project and five trust –fund-supported projects, including almost $600 million in European Union trust funds through the Facility for Refugees in Türkiye. Actual deliveries in the amount of $12.51 billion during the CPF period have surpassed the proposed IBRD financing envelope for the FY18–23 period at $7-10.5 billion.
The World Bank Group Program for FY23 supports the government’s goals on mobilizing climate financing. The climate response related lending pipeline in FY23 is rich and is focused on climate change adaptation or mitigation projects that are directly linked to the implementation of Türkiye’s Intended Nationally Determined Contribution (INDCs). As part of the Country Climate and Development Report (CCDR), discussions are underway to step up the ambition under a revised nationally determined contribution (NDC). The World Bank is providing assistance to this.
The World Bank Group Program has supported the government’s strategy to boost human capital, expand opportunities for vulnerable youth and women, and prepare and respond to pandemics. The portfolio has expanded support to firm-led job creation in vulnerable regions impacted by a high influx of refugees; mitigating learning loss through hybrid and online education; and boosting the government’s health system response to COVID. The World Bank is in discussions with authorities regarding boosting investments in green human capital, skills and jobs, particularly for vulnerable youth and women.
As part of the EU’s response to the Syrian refugee crisis, the World Bank Group was entrusted with managing a total of $600 million of the EU funded Facility for Refugees in Türkiye (FRiT). In the first tranche agreed in 2016, three projects for a combined total of $205 million were targeted towards education, employment and entrepreneurship. The second tranche ($395 million) supported socio-economic and municipal services projects. In addition, the trust fund portfolio has increased with projects funded by Clean Technology Fund (CTF), EU Instrument for Pre-Accession Assistance (IPA) funds, and GEF funds.
Key Advisory Services and Analytics (ASA) Activities: The ASA portfolio is strategically consolidated around core and extended core ASAs including: Country Climate and Development Report, Programmatic Public Finance Review, Pandemic Preparedness and Response, Country Green Growth, Quality Learning and Emergency Response Roadmap, Understanding the Drivers of Regional Disparities in Türkiye and Sustainable, Efficient and Safe Transport for Türkiye. Also, a new Systematic Country Diagnostic (SCD) is expected to be finalized in October 2024, as a foundation of the new CPF that will be finalized in Q3 FY24.
Last Updated: Oct 09, 2023