Minister of Treasury and Finance Berat Albayrak announced that there will now be a two-option period in the İVME financing package: TLREF indexed and fixed interest.
Treasury and Finance Minister Albayrak said, “We disappointed the ‘crisis lovers’ with the measures we took, the strong coordination of all our institutions in the economy, and the support we provided to our business world.” said.
Minister of Treasury and Finance Berat Albayrak said, “With the measures we took, the strong coordination of all our institutions in the economy, and the support we provided to our business world, we disappointed the ‘crisis lovers’. We achieved the success of an improbable improvement in inflation, exchange rates and interest rates, but it is not enough, we have only just begun.” said.
Albayrak said:
“In our IVME financing package, we are now moving to a period with two options, TLREF indexed and fixed interest. The interest rate has decreased from 10 percent to 9 percent in the ISTOD loan for up to 5 years. Now, Turkey will be able to implement import substitution in areas where it will increase exports and produce high value-added production.” “We will implement a long-term Turkish lira-based funding model. No one should have any doubt that the improvement in macro-economic indicators and the relief in the markets will soon spread to the grassroots and will be reflected in all segments of society.”
Source: https://www.dunya.com/ekonomi/bakan-albayrak-ivmede-iki-secenekli-doneme-gecyiz-haberi-463066
