Tuesday, March 9, 2010

IMF - Turkey loan talks called off ~ "Attention has now turned to the Article IV consultation ~ IMF spokeswoman

Tue Mar 9, 2010

IMF, Turkey loan talks called off -IMF spokeswoman

WASHINGTON, Talks between the International Monetary Fund and Turkey on a possible loan "are no longer taking place," the IMF said on Tuesday, saying economic conditions in the country had improved.

The IMF said a mission would travel to Turkey in the first half of May for annual consultations on the economy .

Asked whether the talks would include discussions on a possible follow-up stand-by loan, an IMF spokeswoman said: "Attention has now turned to the Article IV consultation, and program discussions are no longer taking place."

AP