Erdoğan responds to the recent end of IMF deliberations on a stand-by agreement

Prime Minister Tayyip Erdoğan has put an end to the speculation surrounding a potential stand-by agreement with the IMF, after two-years of deliberation. The Prime Minister announced that an agreement is no longer an option due to certain political impositions.

Prime Minister Erdoğan answered questions from the press regarding the recent announcement of IMF deliberations on a stand-by agreement coming to a close after attending the Turkey – Korea Business Forum. Erdoğan stated; “There is no longer an IMF agreement.” Attributing the dissolution of an agreement to certain political pressures, Erdoğan reiterated that they would not make any concessions.

Mentioning that the IMF primarily offers support to countries unable to stand on their own feet and that Turkey has now reached a level of self-sufficiency, Erdoğan noted that the IMF was of the same opinion.

Erdoğan went on to state; “We are especially pleased that they perceive Turkey in this manner. We will carry this process to the future as a much stronger nation joined by all of our social public platforms.”

Erdoğan also mentioned that in May, routine Article IV consultations will continue, and stated; “Turkey is active as one of the 192-country members of the IMF and we will continue these efforts.”