Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Turkey, World Bank to focus on sustainable growth

by Daily Sabah

ISTANBUL Sep 01, 2017 - 12:00 am GMT+3
by Daily Sabah Sep 01, 2017 12:00 am

Turkey and the World Bank Group have renewed their partnership with the introduction of a new country partnership framework (CPF), endorsed Thursday by the group's board of executive directors. The CPG covers 2017 to 2071 and focuses on the three core areas of growth, inclusion and sustainability.The CPF serves as a business plan for the World Bank Group to support Ankara's own development and reform agenda outlined in the recently released 10 Development Plan for 2014-2018, the World Bank said in a release. It aims to support the government in achieving more rapid growth that is both inclusive and environmentally sustainable, allowing Turkey to escape the middle income trap and become a high-income country.

In order to facilitate boosting growth, the CPF supports government efforts to address challenges in fiscal management, the financial sector, competitiveness and private investment through increased fiscal space, enhanced access to finance for underserved segments and enhanced competitiveness and employment in selected industries.Acknowledging Turkey's success toward achieving the twin goals of reducing poverty and boosting shared prosperity, the CPF aims to promote inclusion by supporting efforts to reach those left behind through increased effectiveness of social assistance, increased labor force participation of women and vulnerable groups and strengthened performance of education and health.

The framework also highlights sustainability by helping to re-orient growth toward a greener, resilient and sustainable pattern through improved reliability of energy supply and generation of green energy, improved sustainability and resilience of cities and increased sustainability of infrastructure assets and natural capital.Assessing the new cooperation framework, World Bank Country Director for Turkey Johannes Zutt said: "Turkey has the opportunity to build on recent success to bring higher standards of living to all of its population and to enhance its role in the global economy. The new CPF aims to work with Turkey to turn this opportunity into a reality." Zutt also stressed that while Turkey is approaching high income status, the partnership between Turkey and the World Bank Group needs to evolve to ensure that the group's financing, knowledge and global experience help the country to strengthen the institutions needed to sustain social and economic development at higher levels.

  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    business
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Melbourne Fashion Week 2021 kicks off
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021