World Bank on Public Investment Program of Turkey: Review of a Report

Authors : Oktar TÜREL

Pages : 125-147

Doi:10.1501/Intrel_0000000203

View : 14 | Download : 11

Publication Date : 1979-05-01

Article Type : Research Paper

Abstract :In February, 1980, only weeks after the opening of the 24th January package of economic measures, Mr. Özal insert ignore into journalissuearticles values(then Undersecretary to State Planning Organization insert ignore into journalissuearticles values(SPO); of Turkey); was confirming to Mr. McNamara insert ignore into journalissuearticles values(then President of the World Bank); that a new approach to economic problems was enunciated as a matter of policy. He emphasized that `the... control of inflation is more important in present than the attainment of a higher growth` and `a majör reorientation away from the state sector` was among the policy choices. `In recognition of this,` he wrote, `we intend... insert ignore into journalissuearticles values(to rigorously tailor); the level of annual investment` to the resource availabilities and these intentions were `related to the size and the quality of investment programs.` He also reiterated that resources will be directed to priority areas in consultation with the World Bank and demanded, in addition to a program loan to support the January 24th package, `other program assistance as appropriate.`1
Keywords : World Bank, Public Investment, Turkey