(Reuters) - An International Monetary Fund team will visit Turkey from Oct. 9 for talks on the fifth review of its $10 billion loan programme and aims to finish by Oct. 20, the Turkish Treasury said on Thursday.
IMF officials will look at public finances, expectations, and reform of social security, tax and the financial sector, the Treasury said in a statement.
The IMF's loan package has helped Turkey recover from a 2001 financial crisis which triggered a recession. The economy is expected to grow as much as six percent this year while inflation has fallen sharply from triple digits, reports Trend.
But inflation has ticked up again this year and is expected to be near double the IMF-backed target of 5 percent.
In July, the IMF approved the third and fourth loan reviews and agreed to release a tranche of $1.85 billion under the agreement.
Since the last review was concluded on May 22, Turkish markets have been hit hard by rising inflation and an emerging market sell-off which triggered a slide of as much as 25 percent in the value of the lira.
The three-year stand-by accord began in 2005 and consists of 10 reviews. One further review is scheduled for this year, three in 2007 and one in 2008.
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