Turkish government to inject TRY 1 billion into Loan Insurance Fund

Haber Turk – The Turkish Prime Minister Recep Tayyip Erdogan announced that the government will inject TRY 1 billion to the Loan Insurance Fund, as a measure against the financial crisis. Erdogan attended a live program on NTV, a Turkish private TV channel and announced that the Treasury will pump TRY 1 billion into the fund in order to enliven the banking sector. He said most probably the new measure will be voted in the cabinet on Monday, March 30.