Lorry Trans

Main Menu

  • Home
  • Trucking
  • Cargo
  • Shipping Transport
  • Air Freight
  • Capital

Lorry Trans

Header Banner

Lorry Trans

  • Home
  • Trucking
  • Cargo
  • Shipping Transport
  • Air Freight
  • Capital
Capital
Home›Capital›World Bank to grant $ 300 million loan to businesses affected by pandemic in Turkey

World Bank to grant $ 300 million loan to businesses affected by pandemic in Turkey

By Michael K. Davidson
April 19, 2021
0
0


ANKARA (Turkey), Dec.21 (SeeNews) – The World Bank Group has announced that it will provide a loan of $ 300 million (246.5 million euros) to Turkey for the implementation of a project intended to help local micro and small enterprises (MSEs) to fight against the economic crisis. impact of the Covid-19 pandemic.

The project, implemented by the Small and Medium Enterprises Development Organization of Turkey (KOSGEB), will provide repayable funding to businesses affected by Covid-19 by focusing on manufacturing, scientific research and development and programming IT, the World Bank said in a statement last week. .

The project will pay special attention to women-owned businesses, the bank added.

“WB funding provided under the project will go to micro and small enterprises in Turkey, which are the main source of employment for poor and near-poor households and account for over 40 percent of jobs in the manufacturing sector.” , Stefka Slavova, Chief Economist at the World Bank and Project Team Co-Leader, said.

KOSGEB, established within the Turkish Ministry of Industry and Trade in 1990, provides a range of services and support to small and medium enterprises in Turkey.

($ = 0.8215 euro)


Related posts:

  1. Vatican appeal: Pope Francis congratulates Joe Biden on presidential election
  2. Covid-19 prompts Koi to consider abortion
  3. Specta records milestone for N100bn consumer loans
  4. EU refuses to bail out Montenegro’s loan to China
Tagscovid pandemic

Recent Posts

  • 18 students named as inaugural group of MaritimeSG Youth Ambassadors
  • First Foundation Inc. (NASDAQ:FFWM) Expected to Post Quarterly Sales of $92.41 Million
  • Webinar to explore how fleets can work with drivers to increase MPG – Fleet Management
  • US ‘seizes’ Iranian oil shipment in Greek waters
  • LR and its partners unveil the “Silk Alliance” green corridor project.

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021

Categories

  • Air Freight
  • Capital
  • Cargo
  • Shipping Transport
  • Trucking
  • Terms and Conditions
  • Privacy Policy