Treasury signs $400M loan agreement with World Bank

Dünya Executive - - OVERVIEW -

Turkey’s Treasury announced on Sept. 11 that t has borrowed $400 m ll on from the World Bank under ts Res l ence, Inclus on and Growth Developmen­t Pol cy F nanc ng (RIG-DPF) program. The loan agreement was s gned to support Turkey’s efforts to ncrease domest c sav ngs, enhance econom c part c pat on among vulnerable groups and address structural bottleneck­s to ensure susta nable growth, the Treasury sa d. It noted that the total matur ty of the loan was 10 years nclud ng a grace per od of three-and-a-half years.

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