US offers $8,500 million to Turkey for troop deployment

27 February 2003
The US has offered a Turkey a bridging loan of $8,500 million ahead of paying $6,000 million in grants if it allows the deployment of 62,000 troops in the country as part of plans for an attack on Iraq, the Financial Times reported on 27 February.

Turkey's Economy Minister Ali Babacan said on 26 February that most of the $6,000 million on offer would be used to support the economy. A total of $2,000 million would be used to finance military equipment purchases.

No date has yet been set for a parliamentary debate about the troop deployment proposal. The US State Department has said talks are continuing about 'the last few issues' in the proposal.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications