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The project represents the largest financing package provided by the World Bank to Turkey in a single instance.

The rapid damage assessment report after the February 6 earthquakes also acknowledges that recovery and reconstruction costs will be much larger, potentially twice as large.

The Minister of Treasury and Finance has been received by the US President after holding several meetings with investors. The investors said it is "the worst they've ever had with a high-ranking government official."

Direnistanbul launched its programme of resistance in Taksim Square yesterday evening.

Prior to the annual IMF and World Bank meeting in Istanbul on 6 and 7 October, protesters will gather tomorrow to launch a series of events in opposition.