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    IIF: Credibility Of Turkey Is Increasing

    Hürriyet Haber
    06.10.2003 - 00:00 | Son Güncelleme:

    Charles Dalara, the Secretary General of the International Institute of Finance (IIF), said that stability in the economic program and positive developments in the macroeconomic indicators increased that credibility of Turkey in international financial markets.Dalara said that the macroeconomic data of Turkey were in a better condition than what was planned. According to Dalara, investors started to view Turkey in longer terms since the government implemented the economic program, which was personally supported by the Prime Minister.Dalara said that the credibility, raised by the stability in economic program, positively affected the cost of borrowing for Turkey. According to Dalara, Turkey borrowed at favorable terms, when compared to many other developing markets. Dalara further said that all these positive developments also increased the interest of institutional investors in Turkey.
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