Turkey’s plan to clean up some $13 billion in bad energy loans, one of the worst hangovers from last year’s currency crisis, is taking shape.

According to interviews with more than a dozen bankers, investors, advisers and company executives, Ankara is working with lenders to craft legislation that would protect them from sharp losses as the debt is removed from their books, safely packaged as funds, and sold to foreign investors perhaps after a couple of years, according to Reuters.

The stakes are very high as Turkey takes the first of several steps needed to emerge from recession and halt a renewed selloff in the Turkish lira, including fixing its vast but troubled real estate and construction sectors.

How quickly and credibly it can execute the energy-sector bailout could determine whether the largest economy in the Middle East steadies its currency and returns to growth later this year, or it fails to gain the confidence of investors and risks another crisis that roils other emerging markets.

The government has so far revealed little about its plan beyond an outline presented last month by Finance Minister Berat Albayrak, who said off-balance sheet funds would be created for bad energy loans and, separately, $4.9 billion would be injected into state banks.