IMF to Secure 10 Billion Dollars in Emergency Aid for Turkey

Published December 6th, 2000 - 02:00 GMT
Al Bawaba
Al Bawaba

The International Monetary Fund will secure 10 billion dollars in emergency aid for Turkey to resolve a severe liquidity crunch that has wreaked havoc on Turkish markets, Prime Minister Bulent Ecevit announced on Wednesday. 

"Talks over additional financial resources with the IMF to support a strengthened economic program have ended in full agreement," Ecevit told a press conference. 

"The details of these additional resources amounting to 10 billion dollars will be revealed by the treasury undersecretary and IMF officials shortly," he added -- ANKARA (AFP)  

 

 

 

© 2000 Al Bawaba (www.albawaba.com)

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content