World Bank To Give U.S.D. 3 Billion Of Loan To Turkey In 2002

ANKARA, Jan 29 (A.A) - The World Bank will give 3 billion U.S. dollars of loan including 1.3 billion U.S. dollars of Programmed Public and Finance Sector Special Adjustment Loan (PSFSAL2) to Turkey this year.
Sources said on Tuesday that PSFSAL2 would have a libor+0.75 percent interest rate and seventeen-year maturity and there would not be redemption in first five years.
While the delegation continues its contacts in Turkey about PSFSAL2, the World Bank Board is expected to hold its meeting on this loan through the end of February.
The World Bank puts forward settlement of determination in restructuring of state banks and the action plan on ''Increase of Transparency and Development of Influent Public Management in Turkey'' on a legal basis as a condition of approval of PSFSAL2.
Meanwhile, World Bank Vice President for Europe and Central Asia Johannes Linn is expected to come to Turkey in the middle of February.
Linn will have contacts in Turkey about the additional financial aid that can be given to Turkey this year and the Country Assistance Strategy.