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Turkey

Prospects Daily: President Obama proposes $450 billiion in jobs stimulus

Global Macroeconomics Team's picture

Important developments today:

1. Credit risk for European sovereigns, and commercial bank debt rises to fresh highs

2. European equity markets showed a certain degree of apathy to the plan announced by Mr. Obama last evening

 

Low Female Participation in the Workforce: Solving the Turkish Dilemma

Asli Gurkan's picture

During his July 19-22 visit to Turkey, World Bank president Robert B. Zoellick put his finger on a key issue, female participation in the Turkish workforce. It wasn't a coincidence that Zoellick commended Turkey's remarkable economic performance and spoke of the gender-gap in Turkey concurrently. The Turkish case presents a dilemma. Despite Turkey's successes in macroeconomic stability and poverty-reduction, the participation of women in economic life is abysmal.

Honor Thy Sovereign Financial Obligations

Hoda Atia Moustafa's picture

In December 2010 and again in April 2011, MIGA issued contracts representing many "firsts" for the agency -- our first two non-honoring of sovereign financial obligations contracts, our first coverage for stand-alone debt, and first coverage for sub-sovereign credit risk. I was fortunate enough to have worked on both projects, which support public transport in Istanbul,


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