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TURKEY: World Bank in Talks to Increase $35bn Turkey Exposure: Reuters Sources

TURKEY
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  • The World Bank is holding talks with Turkey to increase financing to Ankara beyond the $35bn it has already provided through 2028, Reuters report citing sources. The World Bank last year increased its financing to Turkey to $35bn from $17bn, and signed a financing deal of $1.9bn for four projects this week.
  • Turkey's manufacturing confidence rose to 100.9 in October from 98.8 in September, according to CBRT data. Adjusted manufacturing confidence rose to 102.2 from 99.2 while capacity utilization was unchanged at 74.9%.
  • Treasury & Finance Minister Mehmet Simsek speaks at Brookings Institute in Washington at 14:45BST/16:45 local time. There are no other data releases scheduled for today, with trade balance figures for September providing the highlight next week.
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  • The World Bank is holding talks with Turkey to increase financing to Ankara beyond the $35bn it has already provided through 2028, Reuters report citing sources. The World Bank last year increased its financing to Turkey to $35bn from $17bn, and signed a financing deal of $1.9bn for four projects this week.
  • Turkey's manufacturing confidence rose to 100.9 in October from 98.8 in September, according to CBRT data. Adjusted manufacturing confidence rose to 102.2 from 99.2 while capacity utilization was unchanged at 74.9%.
  • Treasury & Finance Minister Mehmet Simsek speaks at Brookings Institute in Washington at 14:45BST/16:45 local time. There are no other data releases scheduled for today, with trade balance figures for September providing the highlight next week.