This time not Qatar but China seemed to have saved Erdoğan’s government:
Bloomberg – Kerim Karakaya – Aug 9, 5:54 AM
Turkey received around $1 billion worth of funds from China in June under a swap agreement that dates back to 2012, two people with direct knowledge of the matter said, asking not to be identified because the information isn’t public.
Turkish lira leads emerging market currencies lower | Ahval
Turkey’s lira fell, leading a decline in major emerging market currencies, as investors sold the…
European Investment Bank Suspends Lending to Turkey
As part of the EU sanctions on Turkey over its drilling activities in the Eastern Mediterranean, the European Investment
Turkey runs $14B budget deficit in H1
Turkey’s central government budget balance posted a deficit of 78.6 billion Turkish liras (some $14 billion) in the first
Really disappointing. Hakan Kara was a very good economist and a decent human being, who was the front person for most foreign investors who visited the CBRT for the past 20 years. https://t.co/wagqEdhNzI
— Timothy Ash (@tashecon) August 9, 2019
The European Investment Bank (EIB) will not do any new lending in Turkey linked to the government until at least the end of the year while it carries out a strategy review.
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