World Bank to boost employment in Turkey
Posted by meb at January 30th, 2008
A large part of a 6.5 billion USD loan –to be granted by World Bank to Turkey within the scope of the Country Partnership Strategy (CPS) between 2008 and 2011– will be used to boost employment and competitiveness.
The bank granted a loan of nearly 500 million U.S. dollars for the same purpose in July 2007.
According to the bank, if the policies are properly implemented, more than 1.5 million new job will be created by 2011.
The bank said macroeconomic stability is of great importance to strengthen the financial sector and create new jobs.
According to the bank, the key of employment in Turkey is the “competitive education”. The bank considers that education has a great importance in regard to competitive power, employment and Turkey’s accession to the EU .
Turkey has to perform a series of reforms to fight unregistered economy, lift obstacles in front of the private sector and direct investments; as well as enhance skills of labor force, the bank said.
source: The New Anatolian
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