Economy Minister Çağlayan: Eximbank will provide US$ 250 million loan to Libya

Turkish economy minister said on Tuesday that Turkish Eximbank would provide a loan of 250 million USD to Libya.

Delivering a speech at the opening of the Turkey-Libya Business Forum in Tripoli, Economy Minister Zafer Caglayan said that he believed Libya would improve democracy and upgrade economic living standards in a very short period of time.

Turkey and Turkish businessmen were resolute to keep supporting Libya and Libyan people, he said.

Caglayan said he had a meeting with Libyan health minister before the forum, stating that hospital constructions in Libya should be completed as soon as possible.

Libyan economy was expected to grow 13.2 percent in 2012 and 11.5 percent in 2013, he noted.North Africa would have a bright future, he said.

Libyan Economy Minister Ahmed Al Kochli said that Turkey and Libya had deep-rooted relations, stating that they made this revolution with support of Turkey.

The economy ministry was going through a restructuring process, he said.

“We will attach a great importance to private companies and preserve rights of foreign companies. We need experiences of foreign companies in infrastructure and superstructure projects,” he said.

Turkey and Libya could cooperate in several areas, he added.

24.01.2012
SOURCE: CUMHURIYET