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WB President: Turkey has a great economic potential

BusinessWorld Bank Vice President for Europe and Central Asia Shigeo Katsu yesterday arrived in Turkey for a four-day visit, during which he is expected to discuss with Turkish economy bureaucrats Ankaraís economic program, the Country Economic Memorandum (CEM), and WB financial assistance.

Katsu is due to attend a CEM conference and visit a number of local WB-funded projects to assess their progress. Katsu said yesterday that Turkey had a great economic potential and that the WB believed Ankaraís IMF-funded economic program was on the right track. Underlining that there were no major problems in the macroeconomic part of the program, Katsu said that Turkey should press for further progress in modernization, living conditions and public sector management. Saying that he was also due to meet with Prime Minister Recep Tayyip Erdogan, Katsu added that his meetings would focus on the WBís financial assistance under the country assistance strategy.

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