Economics & Development

In a meeting of the Executive Directors of IBRD and IDA, the Board authorized investments for two operations using the Multiphase Programmatic Approach (MPA): in Serbia, the Serbia Strategic Gas Infrastructure and Institutional Strengthening (SGIIS) Project as Phase 1 under the Serbia Gas Sector Development Program; and in Turkiye, the Turkiye Agrifood Sector Transformation for Rural Jobs and Growth (TARGET) Project as Phase 1 under the Europe and Central Asia (ECA) AgriConnect Program.

On September 24, 2026, the Board of Directors approved an investment in Turkiye and Central Asia for the Ronesans Holding A.S. RHOL LTF Project, authorizing support to Ronesans Holding A.S. with provisions that include potential convertibility into equity in its subsidiary Ronesans Altyapi Sistemleri Anonim Sirketi, with the decision taken on an absence-of-objection basis. This document corresponds to the IFC Project ID: 51237.