Thursday, December 29, 2005

Stability in Turkey Encouraged World Bank to Increase the Credit

The World Bank (WB) has increased the $4.5 billion-credit intended for Turkey under the scope of the Country Support Strategy up to $6.6 billion. The WB declared the increased credibility of Turkey as the reason for the raise in the credit amount. According to the progress report regarding the Country Support Strategy, a $3.4 billion-portion of the credit amount consists of credits approved in late 2005.

Read the whole story on Zaman

See also: Turkey and the US: More Deepening Economic Convergence (Turkish Weekly)

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