10/17/2008

World Bank head praises Turkish economy

Dunya - Turkey's strategic importance in terms of its location is pivotal, and its economy has grown stronger, said World Bank President Robert Zoellick this week. "Turkey is of great importance for the economic and political stability of its region," he said in a statement during fall meetings of the bank and the International Monetary Fund. "In recent years, Turkey has taken important initiatives towards stability in its region and achieved it." Stating that Turkey has seen a remarkable economic transformation in recent years, he added, "Thanks to the recent years' structural reforms, now Turkey has a more solid and shock-proof financial system and the country's influence on world markets is rising."

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