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TURKEY: BILL TO IMPROVE CLIMATE FOR FDI.(foreign direct investments)(Brief Article)
IPR Strategic Business Information Database, May, 2003
According to Star, Parliament's Planning and Budget Commission Wednesday passed a bill to improve the climate for foreign direct investments (FDI), a structural benchmark in Turkey's latest letter of intent (LOI) to the International Monetary Fund. Turkey had pledged to the IMF that the full Parliament would pass the bill before April 30.
Speaking at the commission, State Minister for the Economy Ali Babacan said that unemployment was still Turkey's most serious problem, but that it could be solved by FDI.
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