Turkey, IMF to remain in contact on loan accord

Business Materials 19 June 2009 23:07 (UTC +04:00)

IMF First Deputy Managing Director John Lipsky said on Friday that talks with Turkey on a new lending pact had been 'very beneficial' and the two sides would remain in contact on technical issues, Reuters reported.

Turkish Economy Minister Ali Babacan said Turkey and the Washington-based lender would continue to remain in touch over the coming weeks.

Lipsky and Babacan were speaking to reporters after holding four hours of talks on a potential new lending accord.