Page 40 - TURKRptJul20
P. 40

                Dec-19
QNB Finansbank
$457
367
$59
3-year 1-day $150
€184
                   ISMEP
3-year 1-day €40
    Dec-19
$300
AIIB
           EBRD ​extended​ a $75mn loan to Akbank.
     6.0​ Public Sector 6.1​ Budget
        The finance ministry’s cash budget figures ​suggested​ on June 5 that the cash deficit sharply contracted in May, while the ministry’s domestic borrowing broke another record.
The ministry plans Turkish lira (TRY) 27bn of domestic borrowing versus TRY12.4bn of debt redemptions in June, according to its borrowing plan released​ on May 29.
The TRY27bn is written random-wise; it is exactly the same figure for July and TRY28bn for August.
If the Treasury borrows based on the TRY27bn plan, the figure will not suggest a new record. However, the Treasury has dramatically exceeded its plans in
   40​ TURKEY Country Report​ July 2020 ​ ​www.intellinews.com
   38   39   40   41   42