The European Investment Bank (EIB), the bank of the European Union, has signed a loan agreement worth €400 million with Türkiye. The loan is fully guaranteed by the European Union (EU) and will help to restore water and wastewater infrastructure in the provinces affected by the earthquakes that hit the south-east of the country on 6 February 2023. The loan will be provided by EIB Global, the arm of the EIB that works beyond the European Union, with İller Bankası (ILBANK) acting as the intermediary.