Turkey

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The World Bank on August 16th released $450m in structural loans to Turkey as the country tries to stick to a huge reform package designed to wrest it from its worst economic crisis since 1945 ahead of early elections scheduled for November.
Turkey’s Economy Minister Kemal Dervis resigned from the government on August 10th after weeks of speculation about his future in a coalition that had grown increasingly hostile to his presence in the cabinet.
Iran looks intent on boosting much needed foreign investment after a bumpy start to efforts meant to ease curbs on foreigners doing business there.
In an early morning session on August 3rd Turkey's Parliament passed sweeping reforms aimed at European Union membership.
The Turkish Parliament began meeting on July 29th to set a date for early elections and to consider reforms that need to be passed if Ankara is to begin membership talks with the European Union.
The way forward from two months of uncertainty over a hamstrung Turkish government and a stifling political impasse over European Union-demanded reforms seems clearer, with the government’s announcement on July 16th that early polls would be held on November 3rd.

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