World Bank Approves $750 Million for Agricultural Transformation

September 25, 2026 · CNN Türk

The World Bank has approved a $750 million financing package to modernize Turkey's agricultural food value chain and boost productivity.

The World Bank Board of Executive Directors has officially approved a $750 million financing package under the "Turkey Agricultural Food Sector Transformation Project." According to information obtained from the Ministry of Treasury and Finance, efforts to secure long-term and cost-effective external financing are ongoing. The project, which will be undertaken by the Ministry of Agriculture and Forestry and the Agricultural and Rural Development Support Institution (TKDK), aims to provide a strong financial foundation for rural development investments. Minister of Treasury and Finance Mehmet Şimşek stated that international collaborations to strengthen Turkey's production ecosystem will continue as part of the economic program, and support for agricultural development will be resolutely maintained.

The approved $750 million external financing package aims to enhance the competitiveness of agricultural food value chains and accelerate sectoral integration. In this regard, the market access, growth, productivity, and value-added generation capacities of agricultural enterprises and producer organizations will be developed. Data from the Ministry of Treasury and Finance indicates that with this latest financing, the total long-term external financing secured from the World Bank for all sectors across Turkey in 2026 is expected to surpass $9 billion. The project will safeguard the export and production structure of the agricultural sector.

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