Turkey Close to Sealing IMF Deal

Requiring some USD30 billion in external financing for 2009, Turkey is close to securing a loan deal with the International Monetary Fund, Turkish Central Bank Governor Durmus Yilmaz announced. "We see no problem regarding relations with the IMF. An announcement for a loan deal would be made public in the near future," Yilmaz was quoted by

as saying. The credit package is likely to include around USD15 billion to USD20 billion of financial backing.