Turkish treasury signed loan deals of $554 mln with Islamic Development Bank

ISTANBUL, April 10 Tue Apr 10, 2012 2:44pm BST

ISTANBUL, April 10 (Reuters) - The Turkish Treasury said on Tuesday it had secured three loan agreements worth $554 million with the Islamic Development Bank on April 4.

The loans will be used for the financing of construction projects, the treasury said in the statement published on ites web site.

(Writing by Seltem Iyigun)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.