ANKARA - Turkey and the International Monetary Fund (IMF) completed on Tuesday eighth review talks in Ankara, sources said.
Sources noted that Turkish State Minister Ali Babacan and IMF Turkey Desk Chief Reza Moghadam would hold a joint press conference at 1.00 p.m.
The IMF Executive Board is expected to approve Turkey's letter of intent on the eighth review and release about 660 million U.S. dollars of loan for Turkey at the end of July or at the beginning of August.
IMF delegation headed by Moghadam came to Turkey on June 2. IMF delegation met with administrators of Banks Association of Turkey, Turkish Exporters' Assembly (TIM), Independent Industrialists' and Businessmen's Association (MUSIAD), Turkish Industrialists' and Businessmen's Association (TUSIAD) in Istanbul till June 7.
The delegation proceeded from Istanbul to Ankara on June 7. IMF European One Director Michael Deppler and IMF Executive Director Willy Kiekens also came to Ankara to join talks as 8th review discussions of the stand-by deal.
IMF delegation met wit Turkish State Minister Kursad Tuzmen, Finance Minister Kemal Unakitan, Industry and Trade Minister Ali Coskun, State Minister and Deputy Prime Minister Mehmet Ali Sahin, Labor and Social Security Minister Murat Basesgioglu, Confederation of Employers' Unions (TISK) Chairman Refik Baydur and State Minister Ali Babacan till June 8.
(BRC-AÖ) 22.06.2004