I.M.F. Approves Another Tranche Of Loan Worth Of $661 Million

WASHINGTON D.C. - International Monetary Fund (IMF) Executive Board completed the eighth review of Turkey's economic performance under the Stand-By Arrangement, and released another tranche of loan worth of 661 million U.S. dollars.
Releasing a statement following Friday's meeting of 24-member Executive Board, IMF said, ''the Executive Board of the IMF today completed the eighth review of Turkey's economic performance under the Stand-By Arrangement.''
''The decision will enable Turkey to draw 661 million U.S. dollars from the IMF immediately, bringing total disbursements to 17 billion U.S. dollars under the arrangement,'' it added.
(UK) 31.07.2004