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 temporarily override its near 4-year long ban on financing in Turkey to provide 500 million euros ($540 million) for the country's post-earthquake rebuilding efforts.

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.

A street collection organised by the Island's One World Centre has raised more than £17,000 for the Turkey Syria Earthquake Appeal.

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