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New IMF Credits for Turkey VOA News 4 Feb 2002 19:25 UTC 
The International Monetary Fund is giving Turkey a $16-billion stand-by credit, the third major loan for Ankara in less than two years.
The three-year package approved by the IMF executive board in Washington gives Turkey the right to draw up to $9 billion immediately.
Last week, the Turkish government finalized a number of IMF sought reforms to meet conditions to receive the new loan package.
The money is in addition to the $19-billion already committed to help Turkey pull out of its worst recession in more than 55 years.
Some information for this report provided by AFP and Bloomberg.
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