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.
Nepali government had requested international assistance in response to disaster.
Turkish Foreign Ministry calls decision 'slander' and says it will 'negatively affect' the two countries' relations.
The flight reported engine failure and made an emergency landing at Istanbul's Ataturk airport.
Meeting will explore Kurdish involvement in establishing peace across Middle East
Emotional centenary service marks the campaign that brought about the emergence of modern Turkey, Australia and New Zealand
The commemoration events of the 100th anniversary of the Gallipoli have begun with Turkish President Recep Tayyip Erdogan hosting more than 17 heads of state with representatives from more than 90 countries attending the event.
Russian and French presidents attend events in Armenian capital on the 100th anniversary of the 1915 events in the Armenian capital, Yerevan.
Friday’s dailies cover centenary commemorations for the Battle of Canakkale plus President Erdogan's remarks over the 1915 incident in the Ottoman Empire
Volkan Bozir, the Turkish EU Minister and Chief negotiator said that historical incidents should not be used as political tools
Forensic probe reveals traces of a drug to treat schizophrenia in Tajik dissident Umarali Kuvatov's system, who was shot dead in Istanbul late March.
Joint statement by Turkish and Australian PMs says Turkey plays 'crucial role' in fight against ISIL.
Turkey has summoned its ambassador to Austria hours after the Austrian parliament described the 1915 events as "genocide," the Turkish Foreign Ministry says.
Turkey deported 1,300 people and issued exclusion bans against 12,800 in bid to curb foreign nationals joining Daesh, officials say.
We are happy to see that the aerial operations on Yemen by Saudi Arabia have ended. Military goals appear to have been reached," Erdogan told a joint press conference
Turkish Foreign Ministry criticizes court's 'arbitrary' decision.
Iraqi President Fuad Masum, along with a high-level governmental delegation, will discuss regional and international developments in Ankara.