The Turkish Economy Meets EU Entry Criteria
BERLIN -- Until recently, Turkey was a country that had to borrow from the IMF. But positive developments over the last ten years have led Turkey to become a country that now lends to the IMF, instead.
Our ability to do this is a result of policies of fiscal discipline we have implemented since our own crisis in 2001. In the past, we had debts to the IMF of $20 billion. Now that is down to $1.7 billion. Our central bank has reserves of $115 billion.
More:Recep Tayyip Erdogan: The Turkish Economy Meets EU Entry Criteria