The Islamic Development Bank and Turkey this week signed a pact for the preparation of a country partnership strategy, where the country may borrow up to USD2 billion over the next three years, Today’s Zaman reports.

Under the cooperation, between USD1.5 billion and USD2 billion in loans may be granted to Turkey to boost the country’s disaster preparedness, and transportation, education, energy and private sectors.

About the author

  • Tarra Quismundo

    Tarra Quismundo joined Devex Manila as a staff writer in October 2009 after more than six years of working as a reporter for the Philippine Daily Inquirer, a nationwide daily, for which she covered major breaking news in politics, military, police and international affairs. Tarra's Devex News coverage focuses on key Asian donors and top aid officials around the globe.