The source indicated that a "further increase" beyond the $35 billion is anticipated but declined to be named due to the confidentiality of the discussions. Neither the World Bank nor Turkey's treasury and finance ministry responded to requests for comment. Last year, the World Bank raised its financing to Turkey to $35 billion from $17 billion. Humberto Lopez, the World Bank's Turkey director, stated last year that the $35 billion package was a response to Ankara's "strong commitment" to re-establish macroeconomic stability and to support related initiatives. This week, Turkey and the World Bank also signed a financing deal worth $1.9 billion for four projects. Turkish Finance Minister Mehmet Simsek attended the G20 and World Bank meetings in Washington this week. World Bank financing for Turkey primarily targets renewable energy, flood management, climate change adaptation and mitigation, and support for the export sector.