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Free AccessTurkey Signs EUR985m Loan Agreement with World Bank
As per Anadolu Agency, Finance Minister Simsek said the following: “We signed a loan agreement with the World Bank with a total amount of 895.7 million euros. 570.75 million euros of these loans are allocated and 325 million euros are Treasury guaranteed. The World Bank announced that it would provide a financial package of 35 billion dollars for Turkey. The financing amount from the bank has now reached approximately 3.2 billion dollars with the new agreements we signed."
- Simsek stated that the resources can be used in new investments of the real sector, especially in the rehabilitation of the earthquake zone and green transformation.
- Simsek pointed out that if renewable energy investments are carried out in 3 years instead of being spread over the next 10 years, the current account deficit and foreign dependency will decrease.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.