IMF releases $500 Million Loan Tranche

Regarding other tranches to be released, the Fund will hold meetings on the sixth review in November and on the seventh at the start of next year. Turkey is set to use $4.5 billon in total in $500 million tranches by the end of next year. Now Turkish economic officials are expecting the United States to disburse $8.5 billion in loans committed for Turkey during the Iraq war. US officials had tied that sum to Turkey demonstrating compliance with IMF guidelines.