Business Services Industry
TURKEY: IFC TO EXTEND $50 MLN LOAN TO TAS.(International Finance Corp. to loan $50 million to Turkish National Reinsurance Corp.)(Brief Article)
IPR Strategic Business Information Database, February, 2002
According to Sabah, the International Finance Corporation (IFC), a subsidiary of the World Bank, approved a $50 million loan to the Turkish National Reinsurance Corporation (TAS). TAS Director General Cahit Nomer said that there are nearly 16.3 million residences in Turkey but the Natural Disaster Insurance Institution (DASK) covers only 2.4 million of them.
(Source: Info-prod (Middle East) Ltd.)
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