Potential IMF agreement unrelated to upcoming IMF/WB meetings

Contrary to the all-too-common statements in the press, Turkey and the International Monetary Fund (IMF) are no more likely to sign an agreement on the sidelines of the upcoming IMF/World Bank Annual Meetings in Istanbul between Oct. 6-7 than they were at any time during the past year of negotiations, said Caroline Atkinson, director of external relations at the IMF. According to IMF Senior Resident Representative Hossein Samiei, who attended the meeting on Wednesday, there will not even be a technical team — required in order to finalize any agreement — accompanying officials at the event.

IMF officials sought to put to rest media speculation that the upcoming IMF/WB meeting in Istanbul constitutes a target date for concluding an IMF stand-by agreement with Turkey. The principal aim of the annual meetings is to set out a global strategy for the aftermath of the economic crisis.

Source: Today’s Zaman


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