World Bank's chief official for Turkey said Wednesday the country would need 130 billion USD foreign funds in 2009 as a financial crisis would continue to shake economies across the globe, reported World Bulletin.
"Economic growth has slowed down both in developed and developing countries as the world economy had become more integrated. This picture is here to stay and everyone should be prepared against it. And Turkey needs 130 billion USD foreign funds in 2009," Ulrich Zachau told an international finance summit in Istanbul.
Zachau said basic indicators of Turkey's economy were in shape and it could get more resilient provided that it continued economic reforms.
The World Bank official said he estimated a 13-15 billion USD direct foreign investment in Turkey in 2009.