ANKARA, Jan 9 (A.A) - State Minister Kemal Dervis said on Wednesday that Turkey had received 14 billion 396 million U.S. dollars from the International Monetary Fund (IMF) and 3 billion 227 million 800 thousand U.S. dollars from the World Bank since November 22, 2000.
Dervis answered the question of Justice Party (AK) deputy Salih Kapusuz about the loans taken from the IMF and the World Bank since the economic crises that hit Turkey on November 22, 2000 and February 19, 2001.
According to the information given by Dervis, Turkey received the following loans from the IMF between December 22, 2000 and November 28, 2001: 

  


                                   (U.S. dollar) 


Original Stand-By               1 billion 440 million 


Supplementary Reserve Facility  7 billion 520 million 


Renewed Stand-By                5 billion 436 million 


Total external source          14 billion 396 million

According to the information given by Dervis, Turkey received the following loans from the World Bank between December 2000 and November 2001: 
     


                                        (U.S. dollar) 


Finance Sector Adjustment Loan        777 million 800 thousand 


Privatization Social Support          250 million 


Programmed Public and Finance 


Sector Adjustment Loan                700 million 


Programmed Public and Finance 


Sector Privatization Adjustment Loan  400 million 


Agricultural Reform 


Implementation Project                600 million 


Project to decrease social risk       500 million


Total:                      3 billion 227 million 800 thousand

State Minister Dervis said that 9.6 billion U.S. dollars part of the loans obtained from the IMF so far had been used in budget financing and the remaining part of loans had been used to support the Central Bank reserves.
Dervis said that 1 billion 550 million 100 thousand U.S. dollars part of the loans obtained from the World Bank so far had been used in the fields and projects that the bank had decided to support.
Noting that the loans obtained through the stand-by had a 4-year maturity and there would be no repayment in first 2 years and three months, Dervis said that the maturity had been later extended to five years and there would be no repayment in first three years and three months.
Dervis said that stand-by loans would be repaid in tranches in every three months.
Noting that the loans under the supplementary reserve facility had a 18-month maturity and there would be no repayment in first year, Dervis said that the maturity had later been extended to 2 years and 6 months and there would be no repayment in first 2 years.
Dervis said that those loans had been repaid in two equal tranches.
Noting that the Programmed Public and Finance Sector Privatization Adjustment Loan had a 5-year maturity and there would be no repayment in first three years, Dervis said that the loan under the project to decrease social risk had a 15-year maturity and there would be no repayment in first 5 years, adding that otner loans had a 17-year maturity and there would be no repayment in first five years.