Turkey says 'no deal talks' with IMF during annual meetings

Babacan said Turkey's member contribution to the IMF would increase to 0.61 percent from 0.55 percent.

Turkey says 'no deal talks' with IMF during annual meetings

Turkish economy minister has said Turkey would not talk with the International Monetary Fund anything regarding a possible stand-by deal during annual meetings of the IMF and the World Bank in Istanbul.

"We are cutting off all negotiations regarding the program with the IMF until after the annual meetings. We will see if we would have anything to say on the issue when the meetings are over. You won't be able to hear a single word from me on the stand-by program," Ali Babacan told a press conference on Wednesday.

Babacan said Turkey's member contribution to the IMF would increase to 0.61 percent from 0.55 percent.

The Turkish minister also said the annual meetings would cost Turkey around 350 million Turkish liras including the investment for the construction of the venue that would host the event.


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Last Mod: 01 Ekim 2009, 12:55
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