According to the bank, the loan is the first of two development policy loans, which is grounded in the development of goals for Turkey.
The loans are aiming at supporting Turkey s goal of continued socially and environmentally sustainable growth that it sees as key to fostering shared prosperity. The loan is an IBRD flexible loan with an interest rate equal to six months EURIBOR term, plus a variable spread. It has a final maturity of 15.5 years, including an 8.5-year grace period.
World Bank Country Director for
The loans will help for enhancing competitiveness and improving transparency; sustaining job creation and boosting female employment; increasing financial inclusion; and creating a regulatory framework to attract long-term, quality investment in
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