Turkey: Subnational Technical Assistance: Creditworthiness Support for Municipalities
Project Dates :
February 2019 – June 2020
Project Budget :
Project Funder / Donor:
World Bank - TBB
Since 2016 various activities have been carried out in order to support the financial management capacities of Turkish Municipalities and to strengthen their financial performance and access to financial resources in cooperation with the World Bank.
The first stage of this cooperation, “Municipal Finance and Financial Capacity Development Academy”, was successfully held in 2016 with the participation of more than 20 metropolitan municipalities. Based on the issues highlighted by our municipalities and central public institutions, a new program has been developed successfully with the World Bank and the French Development Agency (AFD) and the World Bank in many countries.
The “Local Financial Capacity Building Technical Assistance Project”, whose activities started in 2019, aims to support the self-resource development and income management of the selected municipalities, to develop capacity in climate sensitive capital investment planning and to search alternative financing sources for municipal infrastructure projects.