Union of Chambers and Commodity Exchanges of Turkey

Protocol between Treasury and KGF signed

20.03.2017 / Ankara

A protocol was signed between the Undersecretariat of Treasury and Credit Guarantee Fund Inc. (KGF) to facilitate SMEs’ and exporters’ access to finances. The protocol between the Treasury and KGF was signed by Deputy Prime Minister Mehmet Şimşek, KGF Chairman Faik Yavuz and KGF General Manager İsmet Gergerli.​

Speaking at the signing ceremony, Deputy Prime Minister Mehmet Şimşek said, “We want to create a sustainable financing climate with the system. I believe that this system will make our revitalize economy and will be felt at the markets. It will be a great contribution to achieving growth targets.”

Şimşek pointed out that the Treasury-backed bail system was enacted very rapidly and effectively compared to previous years after the legal regulations had passed. “On March 10th, the decision of the Council of Ministers on this issue was published and we will have completed the process with the protocol we sign today. This will mean that all of the reforms we strove for have been accomplished.

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