Number of Active Projects
Net IBRD Commitments
Trust Fund Portfolio
The partnership between Turkey 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 has recently been updated and extended to include FY22-23 through a Performance and Learning Review (PLR) that was discussed at the WBG’s Board of Directors on March 13, 2020.
The PLR confirmed that the CPF’s pillars of growth, inclusion, and sustainability remain valid and that most of the objectives set out under these pillars also remain relevant, although some amendments were incorporated into the program to reflect the changes in country circumstances, client demand, and the program’s evolution.
The WBG program ensures continued alignment with the Government’s strategies, including the recently launched 11th National Development Plan (NDP, 2019-23) and the New Economic Program (2018-21) of Turkey. The Bank program continues to maintain a long-term focus that maximizes opportunities to support Turkey’s progression to higher-income status.
The updated CPF (FY18-23) proposes a mix of instruments from across the Bank’s institutions, drawing on the strengths of the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA).
The implementation of the CPF to date has resulted in IBRD lending delivery totaling $3.9 billion, including investment operations in energy, access to finance, municipal development, disaster risk resilience, and the water sectors.
The average annual IBRD lending delivery of $1.3 billion has been aligned with that envisaged in the CPF’s annual lending targets of between $1–1.5 billion. New operations to be approved in the coming months will result in an FY20 lending program of $1.5 billion.
IFC’s portfolio implementation continued to perform satisfactorily, and its own-account investment program has reached a total of $3.250 million since the beginning of the CPF. Turkey continued to be MIGA’s largest country by gross exposure, representing roughly 13 percent of MIGA’s gross portfolio.
Turkey engages the WBG’s analytical and technical knowledge work. An extensive range of knowledge products aim to inform policy discussions in various areas (education, labor, finance, competitiveness, transport, climate change, forestry, land, and energy) and are the Bank’s primary instruments for broadening engagement with all stakeholders in Turkey.
Recently, the increased trust fund portfolio enabled the preparation of broader support programs in refugee response, education, labor market development, energy, disaster risk management, and urban development.
The updated CPF is fully aligned with Turkey’s overarching development goals as outlined in its 11th NDP 2019-23, as is the CPF’s strategic orientation toward growth, inclusion, and sustainability.
One key engagement of the WBG’s program involves supporting the Government’s response to the 3.6 million Syrian refugees living in Turkey. The WBG is partnering with the EU’s Facility for Refugees in Turkey (FRiT) and is implementing programs in the areas of social support and adaptation, labor markets and the economy, municipal services, and education, as well as in the cross-cutting areas of data collection, measurement, and monitoring.
In addition to the FRiT funds, the portfolio is also supported by a broad set of trust funds, most notably, the Clean Technology Fund (CTF), EU Instrument for Pre-Accession Assistance (IPA) funds, Global Environmental Facility (GEF) funds, and Swedish International Development Cooperation Agency (SIDA) Gender Funds.
In FY18, Turkey signed a Reimbursable Advisory Services (RAS) agreement with the World Bank with the objective of helping the Government of Turkey to improve selected aspects of the business environment.
The Government recently reconfirmed its commitment to continuing the RAS and pursuing further reforms in this area.
Last Updated: Apr 16, 2020