Talk between Turkey and IMF are held through the Fund's office in Turkey but in September high level officials of the parties will restart direct talks, sources told the A.A.
Turkey and the Washington-based lender are holding talks on a possible loan deal for months. In May, Turkey completed a 10-billion USD stand-by arrangement with IMF.
Earlier in July, Turkish Prime Minister Recep Tayyip Erdogan said his government was eager to strike a deal with the Fund ahead of an international IMF meeting in Istanbul scheduled for October.
IMF officials expressed hope for signing of a deal before annual meetings of IMF and World Bank to be held in Istanbul in October. Officials said the deal could be based on a more flexible program.
Pointing out that Turkey could secure extra external financing other than an IMF program due to recovery in global economy, IMF officials said Turkey could enjoy a 15 billion USD IMF financing on a 12-month term.
Turkish treasury plans 4-billion USD international bond issue in 2009, officials said, adding that Turkey could easily find low interest loans despite narrowing external financing opportunities.
