"We have been with them at the table for two years. Talks are ongoing. We are one of partners. We can make a deal with the IMF," Erdogan said during the opening of a shopping mall in Istanbul, according to Turkish media. While Turkey doesn't need the money urgently and has had no difficulty in tapping capital markets for financing, investors are anxious for the added security an IMF deal would bring, in particular in helping the government reduce its debt roll-over ratio, anchor fiscal policy and support nascent economic recovery.
"We have been with them at the table for two years. Talks are ongoing. We are one of partners. We can make a deal with the IMF," Erdogan said during the opening of a shopping mall in Istanbul, according to Turkish media. While Turkey doesn't need the money urgently and has had no difficulty in tapping capital markets for financing, investors are anxious for the added security an IMF deal would bring, in particular in helping the government reduce its debt roll-over ratio, anchor fiscal policy and support nascent economic recovery.