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Global Trade Alert

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Turkiye: Turk Eximbank lowers lending rates on foreign currency loans by 60-140 basis points

Description

On 17 February 2020, Turk Eximbank announced lowering the lending rates of the FX denominated loans by 60-140 basis points. According to a written statement by Turkish Trade Minister Ruhsar Pekcan, “T...

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Intervention Details

Intervention Type

Trade finance

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

17 Feb 2020

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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