Economics

Turkey Rules Out Asking for Help From the IMF

  • Turkey rules out a deal with the International Monetary Fund
  • Talk about a deal is ‘perception operation,’ Treasury says
Pedestrians pass a Turkish flag hanging from the Fatih Mosque ahead of a demonstration against the relocation of the U.S. embassy to Jerusalem in Istanbul, Turkey, on Friday, May 11, 2018. No major power recognized Israeli sovereignty in Jerusalem until U.S. President Donald Trump did so on Dec. 6.Photographer: Kostas Tsironis/Bloomberg
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Turkey’s top economic body ruled out seeking support from the International Monetary Fund, in an effort to end market speculation that Ankara is in touch with the Washington-based lender to negotiate a rescue package.

Those spreading the rumors are carrying out a propaganda war to “harm the Turkish government, the Turkish economy and Turkish people,” the Treasury and Finance Ministry said in an emailed statement on Friday. “This sick state of mind has reached a dangerous level.”