Turkey expecting answer from IMF this week: paper

Ankara, IMF suspended loan deal talks for the duration of the semi-annual IMF-World Bank meetings in Istanbul at the start of October.

Turkey expecting answer from IMF this week: paper

Turkey is expecting an answer this week from the International Monetary Fund on a loan accord ahead of the presentation of its 2010 budget, Turkey's Star newspaper said on Monday citing 'economy' sources.

Star added the Turkish government had prepared a 'plan B' in case it did not strike a loan deal with the IMF which envisages drawing funding from privatisations and bringing back funds held abroad by Turkish businesses.

Last week, Economy Minister Ali Babacan said Turkey's technical talks with the IMF would resume in coming days, but he said no decision had yet been taken on inviting a Fund mission.

Ankara, IMF suspended loan deal talks for the duration of the semi-annual IMF-World Bank meetings in Istanbul at the start of October.

Turkey's previous $10 billion stand-by accord expired in May 2008.

Reuters

Last Mod: 12 Ekim 2009, 14:33
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