Friday, October 31, 2008

EBRD set to fund Turkey

"EBRD set to fund Turkey

By Stefan Wagstyl

Published: October 29 2008 02:00 | Last updated: October 29 2008 02:00

Turkey is set to secure nearly €1bn ($1.2bn, £800m) a year in extra foreign financing once the European Bank for Reconstruction and Development fully rolls out its funding programmes across the cash-strapped country. Thomas Mirow, EBRD president, announced yesterday that the bank had decided to expand its activities to Turkey."

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