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ANKARA/WASHINGTON - The direct foreign capital Turkey will have drawn by the end of this year is to be around 22 billion USD, said a report of the Institute of International Finance (IIF).
According to the report, Turkey draws more foreign capital each passing day thanks to its economic growth, reduction in tax rates, privatization projects, and EU membership negotiations.
The report indicated that Turkey is expected to attract not only foreign capital but also direct investments thanks to its reforms on the road to EU membership.
Noting that ''implemented policies will increase the confidence in markets'', the Institute stressed that foreign companies are also interested in the Turkish banking sector.