This decision will enable Turkey to draw an additional $ 1.5 billion from the IMF. The IMF is convinced that there are encouraging signs that the economic downturn in Turkey is bottoming out, and that the targeted lowering of inflation is materialising, which could permit declines in interest rates.
Thank you for inviting me to be one of your speakers in this historical centennial anniversary celebration of the Rotary Club of Manila. Not many organizations have the distinction of reaching the all-important “century” milestone. Attaining this momentous landmark is certainly not a walk in the park for any organization.