Turkey has shock-proof financial system, says WBank head
President of the World Bank, Robert Zoellick, said Monday " Turkey is important for the economic and political stability of its region."
In a statement issued to the AA within the frame of World Bank-IMF autumn meetings, Zoellick said that Turkey made important initiatives towards stability in its region and became successful, reproted Worldbulletin .
"Based on its location, Turkey carries strategic importance," Zoellick said.
Thanks to structural reforms made in the financial sector, Turkey has a strong and shock-proof financial system, Zoellick noted.
According to the World Bank, Turkey is the country that receives the most amount of program loans when compared to other countries.
Between 2008 and 2011, Turkey would utilize World Bank loans worth 6.2 billion USD.
Sources told that there was a possibility that Turkey might join the new G-7 countries.
Zoellick recently said that other countries that might join the new G-7 countries were China, India, Russia, Saudi Arabia, Brazil, Mexico and South Africa.
"The new G-7 countries should converge from time to time and try to find solutions to global economic problems in cooperation with the IMF and World Bank," Zoellick earlier said.