IMF team in Turkey for consultations

An IMF team arrived Wednesday in Istanbul, Turkey for talks under what is known as Article IV consultations, the Turkish Treasury said.

IMF team in Turkey for consultations

An IMF team arrived Wednesday in Istanbul, Turkey for talks under what is known as Article IV consultations, the Turkish Treasury said.

The IMF team is set to start its discussions in Ankara next Monday after meeting with representatives from the private sector and civil society organizations in Istanbul.

IMF's talks in Turkey will focus on latest economic developments, Turkish economy's medium and long-term prospects as well as the country's efforts for structural reforms.

Turkey announced last March that it would no longer hold talks with the IMF on a standby loan, saying that the country did not need "emergency funding."

Talks over a standby deal between Turkey and the IMF had been continuing since May 2008 when the country's last standby deal expired.

IMF economists visit the member countries once a year under Article IV consultations to gather information and hold discussions with governments and central bank officials, and often private investors and labor representatives, members of parliament, and civil society organizations.

Upon its return, the mission submits a report to the IMF's Executive Board for discussion. The Board's views are subsequently summarized and transmitted to the country's authorities.


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Last Mod: 12 Mayıs 2010, 13:18
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