Turkey: IMF Financing Needed By The Fall

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– May 28, 2009Posted in: Turkey

May 27, 2009 Moody’s Investors Service said May 27 that Turkey will need to secure a loan deal with the International Monetary Fund (IMF) by this fall, Hurriyet reported. Moody’s said Turkey can go without an IMF financing program through the summer, but pressure on its external deficits will make a loan accord with the IMF necessary. Turkey has been negotiating with the IMF, but an agreement has yet to be made.

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Tags: Economic Crisis, Global Economy, IMF, POLITICS

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