Cost of damage from earthquake in Türkiye reaches $100 billion as donors pledge funds to assist recovery
Turkish President Recep Tayyip Erdogan said on March 20 that the cost of the damage from last month’s devastating earthquake had risen to $104 billion, as donors at a conference in Brussels vowed funds to help Türkiye and Syria.
The European Union and international donors pledged 7 billion euros ($7.5 billion) to help the two nations in the aftermath of the earthquake that devastated parts of the neighboring countries last month.
The European Commission said after the fundraising conference in Brussels that 6.05 billion euros of the total pledge will be going to Türkiye, in grants and loans.
“The European Commission and the EU Member States, as well as the European Investment Bank and the European Bank for Reconstruction and Development represent more than 50% of this total pledge of grants, with 3.6 billion euros,” the Commission added.
The magnitude 7.8 earthquake on February 6 killed more than 52,000 people — the vast majority in Türkiye. Nearly 300,000 buildings in Türkiye either collapsed or were severely damaged, according to the country’s president.
“We have shown to the people in Türkiye and Syria that we are supporting those in need,” said Ursula von der Leyen, the president of the EU’s executive arm.
Von der Leyen added that the global pledge included 1.1 billion euros from the Commission, and 500 million from the European Investment Bank, backed by the EU budget.
Türkiye is a key partner for the EU even if ties are often strained, and the bloc already gives billions in aid to help its eastern neighbor house refugees from Syria’s 12-year war.
Turkish President Recep Tayyip Erdogan addressed the conference via videolink and described some of the reconstruction challenges, including deadly floods that hit parts of the earthquake zone last week.
“Some of the aftershocks have been going on for a while and they are of equal magnitude to a separate earthquake,” he said. “We have been fighting against the flood disasters and challenging weather conditions.”
Erdogan said some 298,000 buildings across 11 provinces affected by the earthquake were destroyed or left unfit for use.
“No single country can fight against such a disaster, regardless of its level of economic development,” he said, putting the cost of reconstruction at $104 billion. “Your contributions made at this conference will contribute to the healing of wounds and wipe clean the traces of this disaster.”
The conference hosted by the European Commission and Sweden — which holds the rotating presidency of the EU — was attended by NGOs, G-20 countries, and U.N. members as well as international financial institutions.
Survivors of the earthquake in rebel-held northwest Syria have received very little assistance because of deep divisions exacerbated by the country’s 12-year war. The EU said 15.3 million Syrians of a population of 21.3 million already required humanitarian assistance before the earthquake struck.
The bloc has been providing humanitarian aid to Syria since 2011 and wants to step it up. But it does not intend to help with reconstruction in the war-torn country, with EU sanctions against the Syrian regime of President Bashar Assad in place due to its continued crackdown against civilians.
Von der Leyen said the Commission pledged an additional 108 million euros ($115.8 million) in humanitarian aid for Syria.
“All together we managed to raise with our partners 950 million euros ($1 billion) for the people in Syria,” she said. “This is just the first step.”
The International Rescue Committee, an aid group responding to humanitarian crises, had urged donors to ensure that the appeal by the United Nations for Türkiye and Syria — calling for $1 billion and $397 million respectively — was fully funded.
The U.N. recently said the appeal for Türkiye had so far only been 16 percent fulfilled, while the figure for Syria stood at 72 percent.
“The people affected by this devastating earthquake are relying on donors meeting in Brussels to step up this week,” said Tanya Evans, the IRC’s Country Director in Syria. “They need to ensure that funding is available for life-saving items including food, shelter, warm clothes and clean water, as well as support to the already weak healthcare system including the provision of medicines and medical equipment. If they fail to do so, the most vulnerable will pay the price.”