Humberto Lopez, the World Financial institution’s director in Turkey, just lately spoke throughout an interview with Reuters in Ankara, Turkey on September 14, 2023. In keeping with Lopez, though the Turkish economic system is on track, there may be nonetheless extra work to be executed. This assertion comes only a week after the World Financial institution introduced its plan to double its publicity to Turkey, growing it to $35 billion over the course of three years.

In the course of the interview, Lopez defined that out of the extra $18 billion funding, $6 billion is meant for the general public sector, whereas the remaining $12 billion is earmarked for the non-public sector. He additionally highlighted the challenges that lie forward, emphasizing the necessity to calibrate a number of insurance policies within the quick time period and tackle productiveness considerations in the long run.

It’s clear that the World Financial institution acknowledges the progress made by the Turkish economic system, but in addition acknowledges the necessity for additional efforts to be able to guarantee sustained progress and growth.