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.
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Turkey's President Erdogan welcomes possible candidacy of his predecessor Gul, after ruling party spokesperson last month rejected rumors of former president standing for office.
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Turkey's Akkuyu nuclear power plant will have more thorough security conditions than its reference, Novovoronej nuclear plant.
Foreign Minister Cavusoglu says Turkish government gives logistical and intelligence support to the Iraqi government in Baghdad in its fight against Daesh.
Although 30 percent of the labor force is female, low wages and inability to grow in the workplace daunts women.
Thirty students have come together to shoot a video in 16 languages to challenge what they say is a “wrong” perception of Islam
Turkish fighter jet crashes during training flight, died two pilots
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Turkish banking regulators have seized a small share over an alleged illegal share sale.
Turkish Defense Minister says Ankara is ready to support material aid for those that will be forced to leave Mosul