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Turkey to fully repay IMF debt by April 2013

Business Materials 12 November 2012 16:04 (UTC +04:00)
Turkey will fully repay its debt to the IMF by April 2013, Prime Minister Recep Tayyip Erdogan said on Monday, TRT Haber reported.
Turkey to fully repay IMF debt by April 2013

Azerbaijan, Baku, Nov 12 /Trend A.Taghiyeva/

Turkey will fully repay its debt to the IMF by April 2013, Prime Minister Recep Tayyip Erdogan said on Monday, TRT Haber reported.

"Turkey's economy shows a steady growth over the last 10 years. This has resulted in Turkey paying off the full debt to the IMF by April 2013," Erdogan said.

The prime minister noted that Ankara also intends to provide a loan to the IMF to the amount of $5 billion.

Erdogan noted that one of the achievements of his government was the fact that Turkey achieved redenomination in 2005.

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