Turkey has been passing through a deep structural transformation from a state-based society and economy model to an individual and free market economy model.
As the cultural, institutional, organizational and human capital is not yet well-equipped for such a radical change, this process has already created deep anxieties in the complicated social strata. For the mentioned reasons, societies do not jump, but rather change on a gradual evolutionary path. Therefore, any agenda imposed upon society for a spontaneous change would bring chaos that in the end would prevent any sustainable reform or transformation process.
This is a more likely threat to the reform process in Turkey, where the majority of people fail to cope well with radical changes. In such an "alienating" environment where people feel isolated and are caught up in the psychology of deprivation, opposing groups try to prevent change so as to keep their privileged position and to exploit this situation.
As a matter of fact Turkey is now experiencing such a dangerous process. In this regard, good management of the transition period has strategic importance. Among the many possible measures, financial support of those who sustain losses at the beginning of the reform process might be the best one. In order to carry out such management, Turkey needs the support of multinational institutions on many fronts.
As matter of fact, the Undersecretariat of the Turkish Treasury together with the World Bank launched on April 25, 2008 the new Country Partnership Strategy (CPS) for 2008-2011 and the new Country Economic Memorandum (CEM) on "Sustaining High Growth" at a conference held in Ankara. The new CPS anticipates future World Bank financing for programs of the Turkish government, or guaranteed by the government, up to $6.2 billion during the four-year period. In addition it provides for financing of private sector investments by the International Finance Corporation (IFC) and scope for guarantees against non-commercial risks from the Multilateral Investment Guarantee Agency (MIGA). The IFC and MIGA are both members of the World Bank Group.

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