The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023.
REUTERS/Elizabeth Frantz/File photo Acquire Licensing RightsANKARA, Sept 7 (Reuters) - The World Bank plans to increase its exposure to Turkey to $35 billion within three years, the bank's Turkey country director was quoted as saying by Turkish state-owned news agency Anadolu on Thursday.
Humberto Lopez told Anadolu the World Bank planned to add $18 billion worth of new operations to its existing %17 billion exposure in the country, adding this figure included providing direct credits to the government supporting the private sector.
Lopez said the $35 billion package was in response to the "strong commitment" by Ankara to re-establish macroeconomic stability and to support steps in that direction, according to Anadolu.
Reporting by Nevzat Devranoglu; Writing by Tuvan Gumrukcu; Editing by Daren ButlerOur Standards: The Thomson Reuters Trust Principles.
Persons:
Elizabeth Frantz, Humberto Lopez, Lopez, Nevzat Devranoglu, Daren Butler
Organizations:
World Bank Group, International Monetary Fund, REUTERS, Rights, Bank, Anadolu, World Bank, Thomson
Locations:
Washington , U.S, Rights ANKARA, Turkey, Turkish, Ankara, Anadolu