6/4/2008

World Bank says Country Partnership Strategy with Turkey completed

Today’s Zaman - The Turkey director of the World Bank has stated that the preparation process for the bank's Country Partnership Strategy (CPS) with Turkey has been completed. Ulrich Zachau, World Bank director for Turkey, held a meeting with representatives from the Gaziantep chambers of commerce and industry on Monday. Speaking to reporters prior to the meeting, Zachau said the CPS between Turkey and the World Bank will cover the next four years. He noted that cooperation on items such as research and activities concerning economic policies and financing would be carried out within the context of the strategy. "The amount of financing will reach $6.2 billion within the next four years," Zachau said. Zachau also noted that the World Bank together with the Turkish government envisages new loans for both small and medium-size enterprises and exporters within the scope of the new strategy.