World Bank president praises Turkey's progress

The president of the World Bank, Jim Yong Kim says policies since 2003 helped the country decrease infant mortality by two thirds while increasing average life expectancy by 10 years.

World Bank president praises Turkey's progress

World Bulletin / News Desk

World Bank President Jim Yong Kim praised Turkey's socio-economic development over the last decade, speaking at the Izmir Economic Congress in Turkey’s third largest metropolis on Wednesday, which was also attended by Turkish President Abdullah Gul and Prime Minister Recep Tayyip Erdogan.

"Turkey has made great strides in the realization of this ideal, thanks to a solid track record of macro-economic management and structural reforms," he said in his opening remarks at the fifth Izmir Economic Congress, held in the western province of Izmir.

Kim also said the policies since 2003 helped the country decrease infant mortality by two thirds and maternal mortality by 80 percent, while increasing average life expectancy by 10 years. He also touched on Turkey's increasing ability to attract and encourage investment, as well as its energy policies.

Kim added that the focus on interest-free finance was significant for the contributions it would make to a financial sector that grows ten percent a year and has reached nearly 1.5 trillion dollars in size. The World Bank is opening on Wednesday its first Global Islamic Finance Development Center at the premises of Borsa Istanbul, Turkey's joint stock exchange.

Last Mod: 30 Ekim 2013, 16:41
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