(AGENPARL) – ven 10 marzo 2023 OFFICIAL USE
EBRD news story
EBRD Vice President to visit Türkiye
High-level meetings follow the Bank’s earthquake response package
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Date: 10/03/2023
Contact: Dilara Sari
Tag: #EBRD, #Türkiye
– EBRD Vice President Jürgen Rigterink to visit Türkiye
– Meetings scheduled with officials and private sector clients
– Earthquake response will be on visit’s agenda
[]The First Vice President and Head of Client Services Group of the European Bank for Reconstruction and Development (EBRD) Jürgen Rigterink, will be embarking on a four-day visit to [Türkiye](https://www.ebrd.com/t%C3%BCrkiye.html) on 12 March, with stops scheduled in Istanbul and Ankara.
The key item on the agenda will be the EBRD’s response to the devastating earthquakes that shook the country on 6 February, causing widespread damage and more than 45,000 fatalities.
The Bank [plans to invest up to €1.5 billion](https://www.ebrd.com/news/2023/ebrd-to-invest-up-to-15-billion-in-trkiyes-earthquakehit-region.html) in the country’s earthquake-hit region in a package that includes credit lines, infrastructure investments, and support for the private sector and small and medium-sized enterprises.
In Ankara, the First Vice President will meet, among others, Nureddin Nebati, Minister of Treasury and Finance and EBRD Governor for Türkiye, and representatives of The Union of Municipalities of Türkiye, including the union’s president and the Mayor of Gaziantep, Fatma Sahin. Mr Rigterink will also conduct a site visit to the city’s Etlik Hospital, the [development](https://www.ebrd.com/news/2015/ebrd-supports-new-1-billion-hospital-near-ankara-under-publicprivate-scheme.html) of which the Bank supported in 2015 with a long-term financing package.
The First Vice President will also meet representatives of Türkiye’s leading financial institutions and private sector clients to discuss the Bank’s operations in the country and the implementation of the its €1.5 billion earthquake relief response.
Ahead of his visit, Mr Rigterink said: “Turkey is a very important country for the EBRD. The devastating loss of life and livelihoods, as well as the unprecedented economic cost of the disaster, requires a robust and meaningful response. That is why the EBRD plans to invest up to €1.5 billion in Türkiye’s south-eastern region over the next two years, including an approved framework of €600 million to be lent to banks for them to assist their clients. We are also working on expanding this to cover areas such as infrastructure investments and private sector support.
“At the EBRD we are committed to providing effective, long-term support to the country in its recovery and reconstruction efforts.”
He added: “I will be meeting with government officials and private sector clients during my visit to further detail our cooperation in the aftermath of this terrible disaster. I am certain that these meetings will yield insightful discussions.”
The EBRD invested more than €1.6 billion in Türkiye in 2022, with most of those investments in the private sector. To date, the Bank has invested nearly €17 billion in the country.