Turkey offers loan to Libya

Turkey’s Economy Minister Zafer Caglayan recently paid a visit to Tripoli to attend the Turkey-Libya Business Forum. Speaking at the opening of the forum, Caglayan said that Turkish Eximbank would offer a grant worth $250 million to Libya, Zaman reported.

He stressed that Turkey and entrepreneurs of the country are keen to help Libya and its people. Caglayan believes that Libya would improve democracy and upgrade economic living standards in within a short time.

Prior the forum, Caglayan had a meeting with Libyan health minister stating that hospital constructions in Libya should be completed at the earliest. Citing recent prognosis which states that a 13.2% growth is expected in Libya this year and 11.5% in 2013, Caglayan said that North Africa’s future seems promising. Libyan Economy Minister Ahmed Al Kochli, also present at the event, said Turkey and Libya had deep-rooted relations, stating that they made this revolution with support of Turkey.

He said that Libya will attach a great importance to private companies and preserve rights of foreign companies, stressing that Libya requires foreign companies expertise in infrastructure and superstructure projects. According to him, there is potential of both countries to cooperate in several sectors. Libyan Transport Minister Yousef Al Wahaishi outlined transportation sector as area of cooperation between Libya and Turkey. He noted that Turkey has made great headway in the transportation area in the recent years and Libya is eager to see Turkish investors.

Yousef said that Libya had a great economic potential for local and foreign investors in the transportation sector. Wahaishi said that his country needed new agreements and new companies for new investments in the restructuring process. He thanked Turkey for its support during this process. Wahaishi said he would pay a visit to Turkey next month to hold talks.

(Source: New Europe)

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