Thread by @obasaolorunfemi

“Turkish foreign aid to North Cyprus: mother's grace or curse?” Conclusion: the aid does not contribute to the development on its own. In addition, the total level of investment in aid does not contribute to growth. Cc @GazeddaKibris

gazeddakibris.com/imf-turkiye-ra…

The aid increases the “dependency” and reduces the possibility of the North Cyprus to stand on its own. He also states that it is mostly used as a foreign policy tool. It is clear that aid dependency cannot be used to create a strong economy.

While the Turkish economy managed to grow in everything that happened in 2020, it is stated in the Turkish Cypriot economy report of the World Bank that the North Cyprus economy contracted by 13%

Nearly 35% of TC youths are jobless and 3 in every 10 young female TCs are also jobless. Inflation, on the other hand, is 17.46% compared to the same month a year ago, while this rate was around 8.64% last year at the same time.

Decades of performance measurement have made it clear that #Turkey has neither the intention nor the ability to create a self-sufficient economy in the North Cyprus. A really dire situation.

Until this is resolved, more students from Africa and the middle east will keep being lied to by all kinds of agents to fund unis and the North Cyprus economy.
Cc @mertkancyp
gazeddakibris.com/imf-turkiye-ra…