The World Bank has agreed to award Turkey a $800 million credit in the event that it suffers from a forecasted earthquake in Istanbule, reported Turkiye.
A $1.35 billion loan, in support of Turkey’s financial and public sector reforms, has been submitted for approval of the World Bank’s Board for discussion this month. The loan will be provided in three phases of $450 million each based on completion of agreed actions, stated a WB press release. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
