Middle East Economic Survey

VOL. LII

No 28

13-Jul-2009

TURKEY

Turkey Vows To Press Ahead With Ilisu Hydropower Project Despite ECAs Withdrawal

Turkish Minister of the Environment Veysel Eroglu told reporters on 8 July that Turkey would build the Ilisu hydroelectric power project despite the decision by three European export credit agencies (ECAs) not to provide funding. The ECAs of Germany, Austria and Switzerland announced jointly on 7 July their decision to withdraw support for a 1.2bn loan...