Beyond COVID-19: Crisis response or road to recovery?
Crisis response or road to recovery?
In order to stimulate credit markets and increase financial stability, during 2016 the Turkish government put forward certain reforms and issued new regulations affecting financial institutions, including banks, factoring companies and financial lease companies. Notable points include:
The effects of the implementation of the above listed regulations are yet to be seen; however, it is expected that the Turkish government will maintain its efforts to boost the local credit market in 2017.
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