World Bank Türkiye Director Jean Christophe Carret said the bank is working to secure roughly $4 billion in new financing for Türkiye this fiscal year, with transport, energy and water among planned uses.
In comments reported by Anadolu Agency on Tuesday, Carret said the bank was working to mobilize additional support during the current fiscal year. He said Türkiye received $5.6 billion in World Bank financing in the year through June and valued active World Bank projects in the country at about $23 billion.
Carret said proposed uses include transport, energy and water projects. Some funding would flow through domestic development banks to help small and medium-sized businesses improve competitiveness and exports. He also said discussions with transmission operator TEIAS cover a planned high-voltage direct-current corridor of about 700 kilometers, linking the Mediterranean coast with Istanbul.
Published data show a different ranking when measured by IBRD commitments. The World Bank’s fiscal 2026 IBRD table lists $5.984 billion for India and $5.615 billion for Türkiye, putting India first. Carret’s description of Türkiye’s use of World Bank resources as ahead of other major developing economies covers a broader category than IBRD commitments, so it does not alter the table’s ranking.
The International Finance Corporation (IFC), the World Bank Group’s private-sector arm, invested $5.5 billion in Türkiye’s private sector over the same fiscal year, IFC Director for Türkiye, Kazakhstan and Uzbekistan Lisa Kaestner said in comments reported by Anadolu Agency. The World Bank and IFC figures together amount to $11.1 billion across separate financing and investment channels; the combined figure is not a single World Bank financing total. Kaestner said IFC activity focused on logistics and sustainable industrial production capacity.
The roughly $4 billion in new financing is additional to, and distinct from, the $23 billion in projects Carret described as already active.
