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EBRD, Turkey sign donor fund agreement

Those who invest in Turkey will be winners, says Turkish president

Ersin Çelik
10:14 - 20/01/2018 Saturday
Update: 10:17 - 20/01/2018 Saturday
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The agreement was signed by Deputy Prime Minister Mehmet Şimşek and EBRD head Suma Chakrabarti in the presence of President Recep Tayyip Erdoğan in Istanbul.
The agreement was signed by Deputy Prime Minister Mehmet Şimşek and EBRD head Suma Chakrabarti in the presence of President Recep Tayyip Erdoğan in Istanbul.

Turkey's Treasury and the European Bank for Reconstruction and Development (EBRD) on Friday signed a donor fund agreement to support what they called "socially important projects".

The agreement was signed by Deputy Prime Minister Mehmet Şimşek and EBRD head Suma Chakrabarti in the presence of President Recep Tayyip Erdoğan in Istanbul.

According a statement, the Turkish government will co-finance socially important projects which will be executed in line with EBRD standards and requirements.

Erdoğan said Turkey had an active cooperation with EBRD which had moved to a new phase with the agreement.

"The Turkish economy will continue to grow. Those who invest [in Turkey] will be winners," he added.

Şimşek said Turkey chose EBRD because it supported the economies of countries where it was operating.

Chakrabarti said Turkey had been a "star performer" ever since they began investing there.

#Deputy Prime Minister Mehmet Simsek
#donor fund
#EBRD
#President of the European Bank for Reconstruction and Development Suma Chakrabarti
#President Recep Tayyip Erdogan
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