Turkey ‘set to sign IMF accord’

Author (Person)
Series Title
Series Details 5.12.08
Publication Date 05/12/2008
Content Type

Turkey could sign an agreement with the International Monetary Fund by the end of 2008, but will not answer business lobbies’ calls for a cut in value added tax, Recep Tayyip Erdogan, the prime minister, said on the 4 December 2008.

His government faces increasingly savage criticism from business and investors for denying Turkey faces a serious economic downturn, delaying an IMF deal to secure its external financing needs, and failing to deliver a significant economic stimulus package.

Related Links
ESO: Background information: Turkey nears new IMF agreement http://www.europeansources.info/record/turkey-nears-new-imf-agreement/

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