"IMF urges Turkey to reduce expenditures
23/05/2006
Turkey's financial markets suffered a blow Monday as the IMF urged the country to reduce public spending and follow a more cautious monetary policy.
(FT - 23/05/06; Reuters, AFP, Reporter.gr, NTV-MSNBC, Zaman, IMF - 22/05/06)
“Fiscal policy needs to be tighter for the rest of the year,” said IMF delegation head Lorenzo Giorgianni. [IMF]
Turkey must stick to its fiscal policy framework and pursue a more cautious monetary policy, the IMF said on Monday (22 May) following the conclusion of talks on the third and fourth reviews of its three-year loan agreement with Ankara."
More:IMF urges Turkey to reduce expenditures (SETimes.com)