Director of IMF external relations department, Caroline Atkinson says that the Fund and the local authorities will focus on article IV consultations and the timetable for consultation talks will become clear in the coming weeks. Atkinson also asserts that the Fund and the local authorities had goods discussions, which lasted for 18 months, on a possible stand-by accord. Recall that the Fund and the government decided to call off stand-by talks because of certain disagreements. Earlier this week, economy minister Ali Babacan says that the Fund and the government had different views on how to use revenues and the restructuring of the revenues administration.
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The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more
The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more
US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more