World Bank Increases Financial Support for Turkey’s Economy

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World Bank gives Turkey more cheap loans

09/07/2023 1:23 p.m

Die World Bank expands its financial commitment to support the economy in Turkey clearly. Director Humberto Lopez, responsible for the emerging market, told the Turkish state news agency Anadolu that an additional $18 billion should flow within three years. This would be in addition to the $17 billion already planned.

The funds were to be used, among other things, for direct loans to the government to support the private sector. This package, which has now been increased to a total of $35 billion, is a reaction to the government in Ankara’s “strong commitment” to ensuring macroeconomic stability in the country.