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Monday, November 24, 2008

IMF reportedly offers Turkey $19 billion credit - MarketWatch

"IMF reportedly offers Turkey $19 billion credit
By Michael Kitchen

NEW YORK (MarketWatch) -- The International Monetary Fund has offered Turkey $19 billion in credit despite the government's push for a larger loan, Agence France-Presse reported Monday, citing the Zaman newspaper. Turkish officials declined to reveal how much the Turkish government was seeking, but the Zaman report said it had been aiming at a loan of between $20 billion and $40 billion to weather the global financial crisis, according to AFP."

More:IMF reportedly offers Turkey $19 billion credit - MarketWatch