EBRD remains committed to Turkey: Country director
ISTANBUL - Anadolu Agency
“To date we have financing worth 9.5 billion euros [$11.2 billion] in almost 250 projects across various sectors of the economy,” he added.
The bank’s portfolio in Turkey currently stands at 7 billion euros ($8.3 billion), Tuerkner noted.
Tuerkner said the bank’s investment volume this year is expected to reach 1.5 billion euros ($1.8 billion).
The EBRD not only provides monetary support for the private sector but also backs it in policymaking, he underlined.
“The Turkish economy has shown an incredible resilience to shocks,” he added.
Turkish government policies such as the Credit Guarantee Fund have helped the country’s economy, Tuerkner said.
He said the country’s growth in the first and second quarters of this year came above expectations.
The economy grew 5.2 percent in the first quarter and 5.1 percent in the second quarter, compared with the same periods in 2016, according to the Turkish Statistical Institute (TÜİK).
Tuerkner added that they want to continue Turkey’s reform efforts for the long term.