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Turkey receives World Bank loan

The Turkish Treasury said on Wednesday that the World Bank will loan Turkey 342.8 million Euros for use in boosting job creation and structural reform. The loan is designed to support the programme of reforms implemented in Turkey since 2007.

Ulrich Zachau, the World Bank's country director for Turkey, said, 'Turkey's programme aims to improve international competitiveness and the conditions for private investment and the creation of jobs, particularly in the formal sector.'

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