(MENAFN- Qatar News Agency) The World Bank has launched a new lending strategy for Turkey by providing up to $4.45 billion over the next four years. The plan for 2012-2015 also provides for about $US2 billion for financing of private sector investments by the International Finance Corporation, the World Bank said in a statement last night.
The strategy aims to support Turkey in its ambition to become one of the ten largest economies in the world by 2023 through fast, sustained and inclusive growth that respects the environment, the Bank said.
'Turkey has the opportunity to build on a decade of success to bring high standards of living to all of its population and further increase the country's role in the global economy,' World Bank Country Director for Turkey Martin Raiser said.
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