Loans

9/13/2017

€350.9 Million Was Raken Out As Loan From The World Bank

According to the agreement signed between the Undersecretariat of Treasury and the World Bank on September 11, 2017, the loan will be used to increase domestic savings and to support participation in the labor and supporting the growth...

It is reported that the Undersecretariat of Treasury signed a new loan agreement with the World Bank. 

According to the report, a loan of €350.9 million was taken out from the World Bank under the title of Resilience, Inclusion and Growth Development Policy Loan – RIG-DPF. The period of the loan signed between the Undersecretariat of Treasury and the World Bank on September 11, 2017 is 10 years including a grace period of 3.5 years. 

The loan will be used for reforms intended to increase domestic savings, support inclusion of fragile groups in labor market and remove the obstacles before sustainable growth.