TURKISH LOAN
June 1st, 2002
BY KEITH NUTHALLTHE INTERNATIONAL Finance Corporation, of the World Bank, is investing US$10 million in Turkish tiles manufacturer Eczazibasi Karo Seramik A.S (EKS) to help the company overcome working capital shortages, improve production efficiency, and boost exports. The is part of the corporation's ongoing support for Turkey's private sector following last year's financial crises, which restricted the flow of international capital. For EKS, the aim is to help it overcome short-term problems, also caused by a tightening of demand within Turkish markets, ...
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