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No deal yet with Turkey, but one is close-IMF

Published 11/15/2008, 05:25 PM
Updated 11/15/2008, 05:28 PM

WASHINGTON, Nov 15 (Reuters) - International Monetary Fund Managing Director Dominique Strauss-Kahn said on Saturday that there was no agreement yet for an IMF deal to help Turkey weather a global credit crisis, but a package was close.

"We have some disagreement on the size of their adjustment and the kind of (adjustment) that is needed by the Turkish economy, and following that, the size of the package of the program that the Fund may finance," he told a press conference after a G20 summit of leaders here.

First Deputy Managing Director John Lipsky said "The Turkish economy is one with great prospects and a great future and we have to ensure that future is realized" (Reporting by Lucia Mutikani; Writing by Alister Bull; Editing by Andrea Ricci)

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