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 covers the FY18-21 period and sets out the main areas of WBG engagement, both technically and financially. The CPF has an embedded flexibility in the framework that allows the program to be adapted and to respond to evolving country circumstances and development priorities. At the same time, the WBG program continues to maintain a long-term focus that maximizes opportunities to support Turkey’s progression to higherincome status.
The CPF proposes a mix of instruments, drawing on the strengths of the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA).
In FY17-19, IBRD lending delivery totaled US$3.7 billion, including investment operations in energy, access to finance, municipal development, disaster risk resilience, and the water sector. The average annual IBRD lending delivery at US$1.3 billion was aligned with that envisaged in the CPF annual lending targets of between US$1 and $1.5 billion. IFC’s portfolio implementation continued to perform satisfactorily, and its own-account investment program has reached a total of US$3.250 million since the beginning of the CPF. Turkey continued to be MIGA’s largest country by gross exposure, representing about 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 CPF was fully aligned with Turkey’s overarching development goals as outlined in its 10th National Development Plan (NDP 2014-2018). The three focus areas of the CPF’s strategic orientation - growth, inclusion, and sustainability - were confirmed as relevant to the recently released 11th National Development Plan (2019-2023). On September 30, 2019, the Government launched its second New Economic Program (NEP) to respond to the evolving economic challenges and address macroeconomic imbalances.
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 implementing programs in the areas of social support and adaptation, labor markets and the economy, 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: Oct 18, 2019