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Global Trade Alert

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Turkiye: The government rescues the contractor companies in the Istanbul Finance Center Project

Description

On 25 September 2019, Türkiye’s Wealth Fund (TWF) announced taking over all the rights of three main contractor companies in the Istanbul Finance Center Project for 1.67 billion TRY (294 million USD)....

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Intervention Details

Intervention Type

Debt purchase

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

25 Sep 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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