Le Figaro: Turkey Shows Unexpected Growth

Reporting that the International Monetary Fund (IMF) officials have also made complimentary statements about Turkey’s economic progress, the newspaper said that the IMF is preparing to transfer US$500 million in credit after the 7th review of a stand-by agreement between Turkey and the IMF.

Meanwhile, the newspaper writes that Turkey, standing at the door of the E.U., wants to leave the IMF’s protection and does not want to renew its stand-by agreement. The article reads: "Turkey’s determined efforts to pay back its debts stems from this. US$44 billion in this year’s budget, 42 percent of the whole budget, is earmarked to pay Turkey’s public debt of US$187 billion."