Can Turkey raise its game?

Gorvett, Jon
February 2005
Middle East;Feb2005, Issue 353, p50
The article reports that the $ 10 billion International Monetary Fund (IMF) accord with Turkey has heralded renewed economic optimism in the country. With this new deal, the Turkish economy received a quick vote of confidence from international investors. On December 14, 2004, IMF Turkey Desk chief, Reza Moghadam, told reporters that a three-year deal had been agreed with the Turkish government which would supersede the previous $ 19 billion IMF package, due to expire in February 2005, that had been agreed with Ankara after the 2001 financial crisis.


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