IMF Spokesperson: Not received any indication Turkey will ask it for financial assistance

Dhwani Mehta FXStreet

The International Monetary Fund (IMF) spokesperson is on the wires now, via Reuters, commenting on any aid/ financial assistance asked by Turkey.

Key Points:

In light of recent market volatility, Turkey needs to demonstrate a commitment to sound macroeconomic policies to promote economic stability, reduce imbalances.

IMF has not received any indication from Turkish authorities that they are contemplating a request for IMF financial assistance.

IMF has called on Turkey to tighten policies to address economic imbalances, will keep monitoring situation closely.

IMF needs to ensure full operational independence to the central bank to pursue the mandate of security price stability.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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