IMF mission arrives in Turkey this week

There will be a larger team than normal as the mission will also conduct Article 4 consultations in Turkey as well, IMF Resident Representative in Turkey Odd Per Brekk said.

The mission will be here for two-and-a-half weeks while the IMF Director for Europe, Michael Deppler, will also come to Turkey to attend Article 4 consultations. Article 4 is a regular check that the IMF performs on the economies of all member countries.

Under Article 4 consultations, Turkish officials would also conduct talks with the mission on the country’s future relations with the IMF after the current program expires in February 2005, the Treasury said in a statement on Monday.