VOL. XLIV

No. 07

12-February-2001

TURKEY

Turkey Receives IMF TrancheDespite Failure To Pass Energy Liberalization Law

Following the fifth review ofTurkeys economic program under a three-year International Monetary Fund (IMF)stand-by credit worth $3.8bn that was approved in December 1999, the TurkishGovernment on 5 February received a $1.4bn loan installment from the IMF. Thiscomes despite the fact that the Turkish parliament has failed to pass an energyliberalization law which the government...