World Bulletin / News Desk
Turkey will clear its remaining $1.3 billion of debt to the International Monetary Fund (IMF) by next April, Prime Minister Tayyip Erdogan told a ruling party congress on Sunday.
In the past the Turkish government relied on IMF loans to meet financial shortfalls, but it has managed to do without the aid since 2008. It has been gradually reducing its debts to the fund, which stood at $1.9 billion in late May.
"We took over $23.5 billion of debt. As of now we have $1.3 billion of debt and we will cut it to zero in April. We are holding technical discussions now," Erdogan told party members at the congress.
Turkey's last standby agreement with the fund was in 2005 and expired in May 2008.
Deputy FMs from Iran, the UK, France and Germany will meet in Istanbul on Jan. 29.
The one-day visit is proving to be an important topic for Ethiopian media for the third day in a row.
Recep Tayyip Erdogan is currently visiting Djibouti
12 Turkish climbers have been reported missing in the Pierian Mountains
Turkey’s Ministry of Education is working on a program to replace schools run by the Gulen movement abroad and will soon complete the task,Turkish President says.
Turkish national flag to be flown at half-mast across Turkey and at foreign delegations Saturday.
Turkish transportation minister is in Malta on Friday whilst in other news 20 migrants were reported dead off the coast of Malta.
In Davos, Volkan Bozkir calls for UN to change to adapt to 'new situations.'
Russia's largest bank, Sberbank, wants to finance new natural gas pipeline planned to pass through Turkey, said banks's Deputy Chairman.
The premier says Turkey does not have a problem with the UN Security Council, but this is a structure which emerged after WWII.
Turkey calls for tolerance and enhanced understanding between religions and cultures, says Turkish ambassador to the UN.
Policies based on sectarianism create fertile ground for radical terrorist groups, according to the Organization of Islamic Cooperation.
Turkish president says terror has no religion and is form of murder.
Davutoglu says investigation is underway but there are no signs yet showing the attack solely targeted Turkish delegation.
President opens new front in battle against Muslim cleric with Ankara to offer educational services. saying that schools accused of tarnishing Turkey's image.