World Bank to increase exposure to Turkey to $35 billion within three years - Anadolu
Reuters
Published Sep 07, 2023 06:22AM ET
ANKARA (Reuters) - The World Bank plans to increase its exposure to Turkey to $35 billion within three years, the bank's Turkey country director was quoted as saying by Turkish state-owned news agency Anadolu on Thursday.
Humberto Lopez told Anadolu the World Bank planned to add $18 billion worth of new operations to its existing %17 billion exposure in the country, adding this figure included providing direct credits to the government supporting the private sector.
Lopez said the $35 billion package was in response to the "strong commitment" by Ankara to re-establish macroeconomic stability and to support steps in that direction, according to Anadolu.
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Written By: Reuters
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