EBRD Board Says Yes to Turkey Operations

The board of directors of the European Bank for Reconstruction and Development gave the go-ahead to Turkey’s application to benefit from EBRD investments. The bank’s board of governors will need to approve the action, and is due to come out with a decision by the end of October 2008. The proposed EBRD portfolio for Turkey includes projects focusing on small business development, privatization, agribusiness and energy efficiency, among others. (“EBRD Board recommends Bank invest in Turkey” - European Bank for Reconstruction and Development, Sept. 23, 2008)

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