Turkish parliament ratifies bill on Development Bank

By Muhammet Emin Avundukluoglu

ANKARA (AA) - Turkey's parliament ratified a bill early Thursday that aims to restructure the Development Bank of Turkey.

According to the bill, the Development Fund of Turkey will be established under the bank.

Turkey's strategic and development plans will be financed with the development fund, which will contribute to the country’s economic growth and manufacturing industry.

The Development Bank of Turkey will also play an important role in financing the strategic sectors.