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Turkey to repay IMF debt in full by April

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Turkey to repay IMF debt in full by April

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Turkey’s Prime Minister Tayyip Erdogan says the country will pay off its remaining debt to the International Monetary Fund, approximately EUR 1 billion, by April 2013.

Speaking at the Justice and Development Party’s congress, Erdogan focused on Turkey’s economic growth during his party’s decade in power.

The Turkish government stopped receiving IMF aid in 2008, and has since paid off almost all the loans.

Erdogan also used his speech to send a stark message to Russia, China and Iran. He said history will not forgive those who support President Bashar al-Assad’s regime in neighbouring Syria.