News
27 April 2020
World Bank agrees $100m COVID-19 loan to Turkey
In:
Social infrastructure
Region:
Europe
The World Bank has approved a $100 million loan to Turkey for an Emergency COVID-19 Health Operation.
The project will be implemented by the Ministry of Health and consists of two components to support the government to curb the spread of COVID-19 pandemic and strengthen the overall health system to detect and treat cases.
Component 1 - Emergency COVID-19 Response ($98 million) will help:
- Strengthen testing and surveillance systems and procurement of front-line equipment to address the immediate health system needs for medical equipment, supplies and training to diagnose and triage cases affected by the COVID-19 emergency;
- Support disease management and treatment through financing medical equipment and supplies required for diagnosis and treatment of COVID-19 patients in intensive care;
- Enhance public health awareness and behavioral change, which will expand community engagement and outreach activities.
Component 2 - Project Management, Monitoring and Evaluation ($2 million) will support the and human administrative resources needed to implement the project and monitor and evaluate progress.
The project is funded through an Investment Project Financing with a 10.5-year repayment period, including a five-year grace period.
