"IMF deal delay 'could risk Turkish stability'
By Vincent Boland in Ankara
Published: March 23 2005 02:00 | Last updated: March 23 2005 02:00
The governor of Turkey's central bank has warned that further delay in completing the fiscal reforms required to seal a $10bn (�7.6bn, �5.3bn) loan agreement with the International Monetary Fund would endanger the country's progress in stabilising the economy.
In an interview with the Financial Times, Sureyya Serdengecti said the reforms - promised by the ruling AK government but yet to be finalised - were essential to the bank's continued ability to reduce inflation and interest rates."
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