I.M.F. Delegation Expected To Visit Turkey In The Second Half Of January

Stating that the elections negatively affected policy performance in some fields, the IMF officials said there were some delays in solution of banks which were within the scope of intervention, in progress of privatization, in decrease of number of unnecessary personnel in some state and economic enterprises, and in preparation of indirect tax reform plan. IMF wants measures to be taken in the year 2003 regarding sustainable growth, decrease of inflation, strong banking system, public section reform, and betterment of private sector atmosphere. Talks of fourth review started at the end of September in the United States within the framework of the IMF-World Bank meetings. The talks continued in Ankara, however they had been suspended due to the general elections in November. The delegation, which staretd contacts in Istanbul, had taken up problems of banking and real sector. In case the IMF administration approves the Fourth Review, Turkey will be able to get 1.6 billion U.S. dollars loan.