Economics & Development

The World Bank Executive Directors approved the Europe and Central Asia AgriConnect Multiphase Programmatic Approach (MPA) with a total IBRD/IDA financing envelope of US$2.55 billion. As Phase 1, a EUR 646.8 million (750 million dollar equivalent) IBRD loan was approved for the Republic of Türkiye to support the Türkiye Agrifood Sector Transformation for Rural Jobs and Growth (TARGET) Project, aimed at strengthening the agrifood sector, creating rural employment, and promoting sustainable economic growth.