IMF office in Turkey to close unless deal reached
Güncelleme Tarihi:
Oluşturulma Tarihi: Haziran 06, 2008 11:57
Turkey's last two-stand by performances with the International Monetary Fund (IMF) will be scrutinized by the Independent Evaluation Office (IEO) of the IMF. In case a new agreement is not signed, the Fund's representative office in Turkey will be closed.
Haberin Devamı
The IMF's representative office in Turkey will be closed in the case a new agreement is not signed with the Fund, following a scrutiny of Turkey's last two-stand by performances with the IMF by the IEO, the Anatolian Agency reported on Friday.
The IMF's $10 billion loan agreement with Turkey expired in May. There has not been a new agreement signed between Turkey and the IMF yet.
The IEO's "watch after the program" report is not expected to be completed before July, 2008.
The IEO was established in 2001 to conduct independent and objective evaluations of Fund policies and activities.