World Bank Country director for Turkey praises Turkey

Martin Raiser, the new World Bank Country Director for Turkey, said in a televised interview yesterday that Turkey's monetary policy has become stricter, and thus  it would be able to decrease its current account deficit in a steady way. Stating that the amount of loan to be granted by the World Bank to Turkey does not seem to be important, Raiser said, "We have been previously providing $2 billion annually, but we will decrease this amount to $1 billion. These rates might be further diversified following the crisis. The energy efficiency, Small and Medium Sized Enterprises (SME's) and investments to be made in education will be supported.  Some countries consider Turkey as a model in the region. It's important to connect all these countries to each other and share their experiences."