IMF's Strauss-Kahn Sees Agreement With Turkey On Loan Soon

IMFs Strauss-Kahn Sees Agreement With Turkey On Loan Soon
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Δευ, 17 Νοεμβρίου 2008 - 11:51
Turkey and the International Monetary Fund should reach an agreement on a finance package in the near future, IMF Managing Director Dominique Strauss-Kahn said Saturday.
Turkey and the International Monetary Fund should reach an agreement on a finance package in the near future, IMF Managing Director Dominique Strauss-Kahn said Saturday.

"We still have some disagreement on the size of the adjustment and the consequences of the adjustment, which is needed by the Turkish economy," as well as the size of the loan, Strauss-Kahn said at a news briefing.

"I'm confident that rather rapidly it will be possible to find an agreement, and this is certainly needed to stabilize the situation in Turkey," he said.

While he sees "great prospects" for the Turkish economy, the country has been hurt along with others by a drying up of foreign capital flows amid the global financial crisis.

Strauss-Kahn met Saturday with Turkish Prime Minister Recep Tayyid Erdogan, who is in Washington for the Group of 20 meeting.

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