VOL. XLV

No 2

14-January-2002

TURKEY

Turkish Parliament Approves NewTender Law

The Turkish parliament on 4January approved a new law for public procurement designed to reform thepresent system for awarding state tenders. The law, which takes effect 1January 2003, is in line with a loans-for-reform program linked to financialassistance from the International Monetary Fund (IMF). The IMF is currentlyconsidering an additional loan of some $14bn for Turkey to follow financialassistance during 2001 of...