IMF approves $1.1-billion loan for Turkey under three-year $17-billion stand-by credit

Article Abstract:

The International Monetary Fund approved a $1.1 billion loan for Turkey, the latest installment in a $17 billion package designed to support the government's economic program as it battles a banking crisis and steep recession. According to The New York Times, Turkey has received about $31 bil in IMF funding since 1999. Turkey's 2002-2004 economic program rests on three key elements: continuation of the floating exchange rate so as to stabilize interest rates; reform of the financial system to boost confidence in banks; and spending and tax reform to ensure debt sustainability.

Government expenditures, Financial management, International Monetary Fund, Finance, Economic policy, Company financing

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Turkey turns to renewable energy and private sector to help meet soaring demand for electricity

Article Abstract:

The Turkish authorities are hoping to encourage foreign investors to invest in its power industry to help increase energy production. The need for power is growing and it is estimated some $4 billion-$5 billion of investment is required to ensure sufficient supplies. The government is also considering renewable energy sources.

Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Energy Policy NEC, Analysis, Investments, Supply and demand, Energy policy, Energy industries, Power resources, Energy industry, Alternative energy sources, Renewable energy

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Turkey: survey of antitrust merger notification requirements

Article Abstract:

Turkish competition laws concerning pending international acquisition, merger or joint ventures are discussed. Antitrust lawyers are needed to help promote good practice in emerging Middle Eastern countries.

Laws, regulations and rules, Brief Article, Antitrust law, Middle East

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