Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources
- Date: 27-Apr-2021
- Source: Egypt Independent
- Sector:Financial Services
- Country:Middle East
Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources
Some of Turkey's biggest banks are reluctant to finance President Tayyip Erdogan's planned Istanbul canal due to environmental concerns and the investment risks hanging over the massive construction project, four senior bankers told Reuters. Two of the sources said a global sustainability pact that six of Turkey's top banks have signed was a barrier to “¦ Continued
The post Turkey's banks shy away from Erdogan's 'crazy' canal - sources appeared first on Egypt Independent.
Some of Turkey's biggest banks are reluctant to finance President Tayyip Erdogan's planned Istanbul canal due to environmental concerns and the investment risks hanging over the massive construction project, four senior bankers told Reuters. Two of the sources said a global sustainability pact that six of Turkey's top banks have signed was a barrier to “¦ Continued