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.

The EU executive will give 1 billion euros ($1.07 bln) to help reconstruction in Turkey, the head of the European Commission said on Monday in launching an international conference to drum up support following a devastating earthquake there last month.

The European Commission will support Turkey with one billion euros ($1.07 billion) to help with reconstruction in the aftermath of the earthquake that devastated parts of the country and neighboring Syria last month.

Turkish President Recep Tayyip Erdogan said Monday 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 Turkey and Syria.

The EU on Monday will host a conference in Brussels aimed at ramping up funds from international donors to help the victims of the devastating earthquake that hit Turkey and Syria.