Sep 23 2019

Turkish IMF director slams officials’ meetings with opposition - report

Turkey’s most senior International Monetary Fund official slammed a decision by IMF officials to hold discussions with opposition political parties in the country.

The meetings with representatives of the Republican People’s Party (CHP) and Good Party (IP) were held secretly and were “an indication of a different agenda against the country,” IMF executive director Raci Kaya said in a statement, according to local media including the Sabah newspaper.

The International Monetary Fund has been preparing an annual assessment of Turkey’s economic progress under so-called Article IV discussions, which typically involves a visit by IMF officials to a member country and a series of meetings with relevant institutions.

Turkey’s economy is recovering tentatively from a currency crisis that peaked in the summer of last year. Turkish President Recep Tayyip Erdoğan has repeatedly rejected calls for a new loan accord with the IMF to help restructure and stabilise the economy.

Kaya, a former chairman of Turkey’s state-run Vakıfbank, was appointed executive director for the 2018-2020 period last October. He represents a group of eight European countries— Turkey, Austria, the Czech Republic, Hungary, Slovenia, Belarus, Slovakia and Kosovo -- in the IMF’s executive directorate.