Turkish Assistant Prime Minister Bulent Arync said that they plan to grant the IMF a loan worth $5 billion, Rossiyskaya Gazeta reports.
He reminded that the Turkish Central Bank had only $15.2 billion of reserves in the early 2000s. The sum has accumulated to $57.298 billion. No new loans have been taken in the last 4 years.
Negotiations on financing of the IMF were held at the G20 summit. Turkish Prime Minister Recep Tayyip Erdogan made his economic proposals to Russian President Vladimir Putin, US President Barack Obama and German Chancellor Angela Merkel.
Turkey has one of the highest economic growth rates in the world. Its unemployment has dropped by 8.2% in the last years.
