ANKARA - A delegation of World Bank will come to Turkey to complete the work for 500 million U.S. dollars loan which the bank would give with Financial Restructuring Framework Agreement (Istanbul Approach) in the beginning of September.
Officials told the A.A on Wednesday that the delegation who came to Turkey in beginning of August would prepare the loan documents in September.
The delegation will decide how much loan Small and Medium Sized Enterprises (KOBIs) would use and which banks would be mediators.
World Bank will give the loan to provide the companies which restructure their debts with long term additional financing in Istanbul Approach which was launched for the banking sector to be strengthened and real sector to be supported.
The loan is not an additional loan and it is evaluated under the Country Assistance Strategy loan portfolio which will be given to Turkey.