ANKARA, Feb 25 (A.A) - International Monetary Fund (IMF) delegation, led by Turkey Desk Chief Juha Kahkonen, is expected to visit Turkey on March 5 for first review.
In case performance and structural criteria of this first review is realized, IMF will also release approximately 1 billion 150 million U.S. dollars credit slice for Turkey.
The delegation is expected to stay at least for 15 days in Turkey within the framework of the first review.
This new stand-by program will continue till the year 2004.
Turkey is expected to get approximately five billion U.S. dollars loan from IMF following four reviews within this year.
The reviews will take place in March, May and July, and once in every three months after October 2002.
Approximately 1 billion 150 million U.S. dollars credit will be released following the reviews in March, May, and July.