10/15/2008

World Bank's Katsu: "Turkey's economy is well-placed to weather the global economic turmoil"

Dunya - Shigeo Katsu, vice president of the World Bank, said that Turkey's economy is in good condition to weather the current global financial crisis. Addressing a meeting on European and Central Asian economies, held as part of the annual International Monetary Fund-World Bank meetings in Washington, Katsu said, "Turkey is a very interesting country. It rebuilt and modernized its economy in the past seven years after going through a serious economic crisis in 2001." He added that the Turkish economy is more powerful now.

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