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According to a statement by the Wealth Fund, a syndicated loan of 1 billion euro used in March 2019 has been renewed, with four new banks joining the syndication.

Several MPs, artists, physicians and scientists have been campaigning on social media, demanding that the three quarters of Turkey’s 2020 grand New Year lottery prize transferred to the Wealth Fund be used for the treatment of children with SMA.

In a new presidential decree, shares of the Post and Telegraph Organization (PTT) have been handed over to the Wealth Fund, which is chaired by the President. The fund already holds the shares of the PTT for almost two years.

President Erdoğan has become the Chairperson of the Turkey Wealth Fund as per two Presidential Decrees issued today. Minister of Treasury and Finance Berat Albayrak has also been appointed as the Deputy Chairperson of the fund.