22-05-2025
Erdogan Signals Return of Loan Program That Fueled Credit Boom
Turkish President Recep Tayyip Erdogan signaled the potential revival of a state-backed loan guarantee program that previously triggered a surge in corporate lending, raising the prospect of looser financial conditions for businesses.
'I care about the Credit Guarantee Fund,' Erdogan told reporters on his return from a visit to Hungary, according to broadcaster NTV, adding that he had issued the 'necessary warnings' to officials to activate the program.
