shadow

For the Record (4)

A $1.625 billion credit to Turkey was announced by the International Monetary Fund Thursday as Western governments and financial institutions meeting in Paris worked on a separate $1.14 billion aid package for the strategically situated NATO country. Both packages are vital in helping to restore Turkey's economy, reeling from an 80 percent inflation rate and heavy foreign debt, estimated at $ 14 billion.

of 5 stories this month > Get unlimited stories
You've read 5 of 5 free stories

Only $1 for your first month.

Get unlimited Monitor journalism.