The Türkiye Transformation of the Agri-Food Sector Project, prepared as part of Türkiye’s efforts to secure external financing on favorable terms, has been approved by the World Bank’s Board of Executive Directors.
The World Bank will provide $750 million in financing for the project. Implementation will be carried out by the Ministry of Agriculture and Forestry and the Agriculture and Rural Development Support Institution.
Agri-food value chains to have their capacity strengthened
The project aims to increase the competitiveness and integration of agri-food value chains in Türkiye. It will develop the production and marketing capacity of agri-food businesses and producer organizations.
- Increasing businesses’ productivity capacity
- Developing opportunities for added value and growth
- Strengthening market access for products and businesses
- Supporting integration among agri-food value chains
With the new financing, the World Bank’s long-term external financing on favorable terms for all sectors in 2026 will exceed $9 billion.
Şimşek: Cooperation will continue
Minister of Treasury and Finance Mehmet Şimşek said cooperation with the World Bank to strengthen Türkiye’s production ecosystem would continue. Şimşek said efforts to secure long-term external financing on favorable terms were continuing במסגרת the economic program and the Medium-Term Program, adding that agricultural and rural development support would continue with the new loan.