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Turkey fully pays off IMF debt

Türkiye Materials 14 May 2013 13:18 (UTC +04:00)
Turkey has fully paid off its debt to the International Monetary Fund (IMF), TRT Turk TV channel reported today.
Turkey fully pays off IMF debt

Azerbaijan, Baku, May 14 / Trend, A. Taghiyeva /

Turkey has fully paid off its debt to the International Monetary Fund (IMF), TRT Turk TV channel reported today.

According to the report, Turkey's last payment hit $421 million. Moreover, after paying off the debt, Turkey intends to provide the IMF with a $5 billion loan.

Since Turkey's accession to the IMF on March 11, 1947, the parties have signed 19 standby agreements. During its entire history of cooperation with the IMF, Turkey has received $50 billion.

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