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 on Monday announced donor pledges worth seven billion euros to help Turkey and Syria recover from last month's earthquake. Ankara estimates the bill for rebuilding at well over

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.

The United States has announced $50 million in fresh funding for victims of last month’s powerful earthquakes that caused billions in damage to both Syria and Turkey.  An international donors conference in Brussels was held Monday,

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 and international donors pledged Monday to donate $7.5 billion in relief money to earthquake-stricken Turkey and Syria.