Donors at a European Union-led conference on Monday pledged 7 billion euros ($7.5 bln) to help to rebuild Turkey after last month's devastating earthquakes, while Ankara estimated the costs at more than ten times that.

The European Union's lending arm, the European Investment Bank, is to provide 500 million euros ($540 mln) for Turkey's post-earthquake rebuilding efforts, suspending an almost-total ban on financing for Turkey.

Ankara is scrambling to find reconstruction funding as the economic toll from last month’s earthquakes tops $100 billion, posing challenges for a country already struggling with a depressed currency.

Qatar says it has sent 4,000 cabins built to house fans at last year’s World Cup to earthquake survivors in Turkey and Syria.

Donors at a European Union-led conference on Monday pledged 7 billion euros ($7.5 bln) to help to rebuild Turkey after last month's devastating earthquakes, while Ankara estimated the costs at more than ten times that.

The EIB stopped virtually all lending in Turkey after a row over oil and gas drilling off Cyprus in 2019, but the severity of last month's earthquake, which killed nearly 56,000 people in Turkey and neighbouring Syria,

A destroyed business in Antakya Kucuk Sanyi Sitesi Industrial Estate is pictured in the aftermath of the deadly earthquake in Antakya, Hatay province, March 7, 2023. REUTERS/Susana Vera/File Photo