Open AccessRegional Development and Effects of Investment Banks
Author(s) -
İsmail Erkan Çelik,
Ümit Hacıoğlu,
Hasan Di̇nçer
Publication year - 2016
Publication title -
international journal of finance and banking studies
Language(s) - English
Resource type - Journals
ISSN - 2147-4486
DOI - 10.20525/ijfbs.v2i1.641
Subject(s) - investment (military) , business , turkish , investment banking , finance , financial system , bank credit , political science , philosophy , linguistics , politics , law
The World Bank is the most important financier for international investment. The bank opens credits mostly for investment projects in developing countries. Turkey has received various investment credits since its membership to the World Bank on March 11, 1947. The credits were used for economic and social domains. Turkey has also been granted credits from the European Investment Bank (EIB). The credits received are composed of micro credits that belong to small and medium enterprises (SMEs). A regional development bank, Islamic Development Bank, has also received credits through Eximbank and Industrial Development Bank of Turkey (TSKB) to finance Turkish SMEs. This paper deals with Turkish investment strategies in the framework of basic principles of investment – development banks.