The European Investment Bank (EIB) is renewing its support for climate action in Turkey with a EUR 150 million loan for forest rehabilitation, afforestation and erosion control activities. The new operation builds on the previous one by giving greater emphasis to the improved quality of forest management.
Turkey is one of the most erosion-prone countries in the world, due to its topography, climate, vulnerability of soil type and the tendency towards overexploitation of rangelands and forests.
It is expected to deliver multiple environmental benefits including improvements to forest health, protection of soil and water resources, and increased supply of timber and biomass for energy.
The new EIB finance is expected to include erosion control activities on 155,600 ha, the rehabilitation of 110,000 ha of degraded forest land, and new afforestation on 80,000 ha. It will also include investments in equipment and facilities to carry out these works and to facilitate improvements to the quality of forest management.