Turkey to fulfill loan promise despite Egyptian coup, says deputy PM

“We have no intention of severing our relations with Egypt over the coup. There is currently an uncertain situation in the country. The government has not been formed and elections not held,” said Arınç.

Turkey to fulfill loan promise despite Egyptian coup, says deputy PM

World Bulletin/News Desk

Deputy Prime Minister Bülent Arınç has stated that the relations between Egypt and Turkey, which has strongly condemned the coup in Egypt that ousted the country's first democratically elected president, are on the backburner, adding, however, that Turkey has no plans to cut ties with the Arab country.

“Our relations with Egypt are on the backburner. We have not cut our ties and have no plans to cut them either. We expect the conditions that will pave the way for a transition to democracy in Egypt to develop as soon as possible,” said Arınç while in Parliament on Thursday.

Turkey described the ousting of Mohammed Morsi as unacceptable, branding the intervention of the army a “military coup” in contrast to the US and some European bodies that have thus far refrained from using the word “coup.”

Arınç also underlined that Turkey will keep its promise and provide the remaining $1 billion of a $2 billion loan that Turkey agreed to provide to Egypt in September, adding that his government has not discussed canceling the remaining $1 billion. The loan was announced in September during a visit to Ankara by Morsi.

According to a Reuters report in April, Turkey's Eximbank is set to deliver the remaining $1 billion within two months.

While the first half of the package took the form of a loan, the second half is to be in the form of investments in Turkish companies in Egypt and partnerships in infrastructure projects, the report said.

“The promise we made earlier will be fulfilled. We have no intention of severing our relations with Egypt over the coup. There is currently an uncertain situation in the country. The government has not been formed and elections not held,” said Arınç, adding that there is also a difference of opinion within the coalition formed after the coup.

Meanwhile, Prime Minister Recep Tayyip Erdoğan stated on Thursday that every military coup is illegitimate.

Speaking at an iftar dinner in Ankara, Erdoğan reiterated Turkey's strong opposition to the military coup in Egypt.

“Every military coup, regardless of its target, country and reason, is the murderer of democracy, the people and the future of the country,” said Erdoğan, adding that the protests in Tahrir Square do not legitimize the coup.

“If squares are indicators, where do you place Rabaa al-Adawiya Square?” said Erdoğan, referring to a square near the presidential palace in the Egyptian capital where supporters of Morsi stage their gatherings.

Erdoğan noted that those who stand against the coup in Egypt will live with that honor until they draw their last breaths, adding that Egypt was left on its own by democratic countries.

Turkey has strongly criticized Western nations and the European Union in particular for turning a blind eye to the army intervention in Egypt and has called on international institutions, including the EU and the Arab League, and on other countries to step up pressure on Egypt to respect and protect democracy.

Güncelleme Tarihi: 13 Temmuz 2013, 13:18
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