USA ALLOCATED A $8,5 BILLION LOAN TO TURKEY

An agreement on allocation of an $8,5 billion loan by the USA to Turkey was signed at the international economic forum held last week in Dubai, United Arab Emirates. According to the agreement, the loan will be divided into four parts and will be transferred within 18 months. The terms of the credit come to 10 years. First four years Turkey is exempted from paying off the loan back. The parties do not publish the annual rate of interest of the loan. However, Turkish political observers say that it is not so important. They focus their attention on the fact what will be given by Turkey in exchange to this loan. According to oppositional parties of Turkey, the loan was allocated on the condition of sending Turkish peacemaking forces to Iraq.

For the credit agreement to come into effect it should be ratified by the Parliament and approved by the President of Turkey. At the moment, the Turkish parliament is on vocations. The Popular-Republican party stated that will vote against this loan given by the USA. Deputies of this party are against sending Turkish peacemaking forces to Iraq. Some deputies of the ruling party of Justice and Development do not want sending Turkish soldiers to Iraq as well.