Turkey Business News

While the region's export-oriented economies were battered by the abrupt global downturn, the outlook "improved markedly during the first half of 2009," the fund said in its World Economic Outlook. "Recent developments point to a strengthening of domestic demand and...

IMF steering committee, endorsed on Sunday in Istanbul, Turkey, a recovery plan approved at the G20 meeting last month, to combat the world economic turndown. Emphasising that it will continue its role in providing economic stimulus to struggling nations, the IMF said that the global...

No sideline agreement for Turkey and IMF in İstanbul Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), put to rest yesterday speculation that an IMF agreement would be signed with Turkey on the sidelines of the İstanbul summit,...

Earlier on Sunday, Strauss-Kahn had said that Britain and France would allocate $4 billion to the IMF's new loan facility to help countries worst hit by the economic downturn pay for their imports...IMF pool of reserves that members could use...

Finance ministers from the Group of Seven rich countries gathered Saturday to confront concerns about the dollar, in a forum whose role is under question as developing countries get more say. G-7 officials indicated their joint statement could be less...

The United States on Sunday urged global action against "money laundering and terror financing risks" from Iran and said sanctions against Iranian banks should be implemented by all nations. Speaking at a meeting of the IMF's International Monetary and Financial...

IMF-World Bank İstanbul meeting to map out future course of action The core decision-makers of the global liberal economic system are starting major deliberations to create a blueprint to rid capitalism of its shackles and draw up a new roadmap...

More help, sooner, helps emerging markets in crisis, says IMF Large amounts of International Monetary Fund (IMF) funding at the earliest stages of the current economic crisis seem to have helped emerging markets avoid the worst of problems experienced in...

World Bank President Robert Zoellick has pledged financial assistance following the "huge human tragedy" suffered by the people of earthquake- and tsunami-hit countries in the Asia-Pacific region. Zoellick says the Bank is assessing the situation in the countries and is...