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Turkish parliament ratifies bill on Development Bank

- Bill aims to restructure country鈥檚 development bank

Turkey's parliament ratified a bill early Thursday that aims to restructure the Development Bank of Turkey.

According to the bill, the Development Fund of Turkey will be established under the bank.

Turkey's strategic and development plans will be financed with the development fund, which will contribute to the country鈥檚 economic growth and manufacturing industry.

The Development Bank of Turkey will also play an important role in financing the strategic sectors.


By Muhammet Emin Avundukluoglu

Anadolu Agency

energy@aa.com.tr