EBRD's Ongoing Support for Turkey's Economic Path
The EBRD President Odile Renaud-Basso emphasizes the importance of Turkey maintaining its course in battling inflation. Despite regional challenges, the EBRD's investment in Turkey remains substantial, with considerations for funding large-scale projects like a major electricity transmission system in the coming decade.
- Country:
- Turkey
The European Bank for Reconstruction and Development (EBRD) has expressed strong support for Turkey's economic stability. Speaking to Reuters, EBRD President Odile Renaud-Basso urged Turkey to remain steadfast in its fight against inflation.
Renaud-Basso praised recent measures by Turkey's central bank to mitigate market impacts from the ongoing conflict in the Middle East. She emphasized the EBRD's unwavering commitment to high investment levels in Turkey this year.
The bank is also exploring opportunities for funding significant projects, including a high voltage electricity transmission system that Turkey plans to implement over the next decade, showcasing a forward-looking approach to economic development.
(With inputs from agencies.)
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