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Turkiye: Turk Eximbank reduces FX denominated loan costs for exporters

Description

On 11 November 2019, the Turk Eximbank announced lowering the cost of FX denominated loans by up to 90 basis points. In a written statement by Turkish Trade Minister Ruhsar Pekcan, it is stated that “...

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Intervention Details

Intervention Type

Trade finance

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

11 Nov 2019

Revocation date

16 Feb 2020

Implementation level

NFI

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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