"EBRD Board recommends Bank invest in Turkey
The EBRD’s Board of Directors decided today that Turkey should become a recipient of EBRD investments, pending final confirmation by the Bank’s Board of Governors.
Turkey has been a shareholder of the EBRD since the Bank was founded in 1991 and made a request in April this year for a change in its EBRD status to become a Country of Operations.
Its application said the EBRD could contribute to the development of entrepreneurial and open-market initiatives in a wide range of sectors across Turkey and such a change would be “immensely beneficial for the Bank as well as for Turkey”."
More:EBRD Board recommends Bank invest in Turkey [EBRD - Press Release]
