Turkey to Finance Post-Quake Reconstruction With Special Fund
- The fund will be outside the budget, allow flexible spending
- World Bank sees Feb. 6 earthquakes’ damage at over $35 billion
An excavator travels along a street lined with damaged residential apartment buildings in Hatay, Turkey, on Feb. 26.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
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Turkey is establishing a fund to rebuild areas devastated by last month’s earthquakes, which would sit outside the regular budget and allow the government to act without having to abide by fiscal rules.