Turkey sends IMF letter of intent, eyes $3.7 bln
Güncelleme Tarihi:
Hurriyet English with wires
Oluşturulma Tarihi: Nisan 29, 2008 12:13
The Turkish Treasury said Tuesday it had sent a letter of intent to the International Monetary Fund after its last loan review, and expected a tranche of some $3.7 billion to be released. (UPDATED)
Haberin Devamı
The letter of intent was written after the latest round of review discussions under the Stand-by agreement with the IMF.
Treasury added in a statement the IMF Board was expected to debate and approve the review on May 9. The approval of the review will enable Turkey to draw immediately an amount equivalent to SDR 2.2 billion (about 3.7 billion USD).