World Bank: Turkey will receive financing worth $18 billion

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The World Bank’s regional director in Turkey, Humberto López, said Thursday that Ankara will receive financing worth $18 billion within 3 years.

López indicated that the new financing will be higher than all current financing ($17 billion currently).

He expressed his optimism about the Turkish economy, noting that Treasury and Finance Minister Mehmet Şimşek and his staff are actually fighting inflation.

He explained that the process of combating inflation will be difficult, but it will provide many opportunities.

The World Bank Regional Director pointed out that Turkey has a strong infrastructure and workforce.

He said: “$12 billion out of $18 billion will be given to the private sector and $6 billion to the public sector.”