Armenian, Assyrian and Hellenic Genocide News

I.M.F. to Rush Financial Aid to Turkey
by NY Times Dec. 2, 2000 by Bloomberg News
Posted: Sunday, December 03, 2000 01:41 am CST

WASHINGTON, Dec 1- The International Monetary Fund said today that it would rush additional financial aid to Turkey after investors pulled $6.2 billion from the economy in two weeks and interest rates surged to 1,700 percent.

The fund is scheduled to approve a $566 million loan to Turkey later this month as part of a $3.7 billion package approved last year. An additional emergency loan could be worth as much as $6 billion more analysts said. Two teams of experts from the fund were expected to visit Turkey this weekend.

Related Information...

Armenian, Assyrian and Hellenic Genocide News Archives