7/3/2009

World Bank gives credit support for Turkish projects

Taraf – During the current conjuncture where the effects of the credit crunch in the international markets have not yet been overcome, the International Finance Corporation (IFC), a member of the World Bank Group, has injected USD 188 million into five different Turkish projects during the past five months, with Sisecam taking the lion’s share. The credit agreement, which includes investments for environmental improvement and energy efficiency in addition to production of solar energy panels with low iron content, is the largest credit granted by the IFC to Turkish projects in the past week.