The World Bank has approved a loan of 255.4 million euros ($399.5 million) to strengthen public management, public services, social security and health insurance in Turkey, said a bank statement Thursday. The credit's maturity will be 22-1/2 years with 12-1/2 years grace.
The World Bank issued a 255.4 million euro ($399.5 million) loan to Turkey
The PPDPL series is aimed to support a sustained medium-term process of legal, institutional, and structural development that promotes growth, improved public governance and service delivery and strengthened social conditions.
According to the statement, the program aims to achieve policy targets by maintaining an enabling macroeconomic framework; reforming the country’s social protection system, continuing the ongoing process of upgrading financial controls and public expenditure management, and improving the administration and governance of the public sector.
The newly approved loan will also be utilized for the judicial public sector in Turkey
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