{"id":2385,"date":"2019-04-13T19:33:13","date_gmt":"2019-04-13T18:33:13","guid":{"rendered":"https:\/\/www.medyaolusum.com\/en\/world-bank-to-fund-modernization-of-turkeys-irrigation\/"},"modified":"2019-04-13T19:33:13","modified_gmt":"2019-04-13T18:33:13","slug":"world-bank-to-fund-modernization-of-turkeys-irrigation","status":"publish","type":"post","link":"https:\/\/www.medyaolusum.com\/en\/world-bank-to-fund-modernization-of-turkeys-irrigation\/","title":{"rendered":"World Bank to fund modernization of Turkey\u2019s irrigation"},"content":{"rendered":"<\/p>\n<h2>A project to modernize irrigation in Turkey will be implemented with $254 million in financing from the World Bank.<\/h2>\n<p>The bank approved the funds \u2014 a $252 million loan plus $2 million in grants \u2014 for the project, which will modernize irrigation infrastructure, the bank announced late Tuesday.<\/p>\n<p>The project will provide farmers better access to water, the bank said.<\/p>\n<p>Mariam Sherman, World Bank acting country director for Turkey, said: \u201cThe agriculture sector employs about 21 percent of the population and accounts for 60 percent of the rural workforce in Turkey.\u201d<\/p>\n<p>The bank stressed that the project was started by Turkey\u2019s Treasury and Finance Ministry and State Waterworks.<\/p>\n<p>As part of the modernization, irrigation systems will be rebuilt and improved in selected areas with $249 million, the bank stressed.<\/p>\n<p>Meanwhile, another $5 million will be used for innovation, institutional support, and project management, it added.<\/p>\n<p>\u201cThe project is funded through an IBRD [International Bank for Reconstruction and Development] Investment Project Financing (IPF) instrument, with a 10.5-year repayment period, including a five-year grace period,\u201d the bank underlined.<\/p>\n<p>Source: <a target=\"_blank\" href=https:\/\/www.nationalturk.com\/en\/world-bank-to-fund-modernization-of-turkeys-irrigation\/?utm_source=source&#038;utm_medium=medyaolusum&#038;utm_campaign=english&#038;utm_content=news rel=\"noopener noreferrer\">NationalTurk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A project to modernize irrigation in Turkey will be implemented with $254 million in financing from the World Bank. The bank approved the funds \u2014 a $252 million loan plus $2 million in grants \u2014 for the project, which will modernize irrigation infrastructure, the bank announced late Tuesday. The project will provide farmers better access &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-2385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.medyaolusum.com\/en\/wp-json\/wp\/v2\/posts\/2385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.medyaolusum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.medyaolusum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.medyaolusum.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.medyaolusum.com\/en\/wp-json\/wp\/v2\/comments?post=2385"}],"version-history":[{"count":0,"href":"https:\/\/www.medyaolusum.com\/en\/wp-json\/wp\/v2\/posts\/2385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.medyaolusum.com\/en\/wp-json\/wp\/v2\/media\/2386"}],"wp:attachment":[{"href":"https:\/\/www.medyaolusum.com\/en\/wp-json\/wp\/v2\/media?parent=2385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.medyaolusum.com\/en\/wp-json\/wp\/v2\/categories?post=2385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.medyaolusum.com\/en\/wp-json\/wp\/v2\/tags?post=2385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}