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(ECO) IMF EXTENDS PRINCIPAL REPAYMENT PERIOD.

ANKARA, Apr 1, 2009 (TUR) -- The International Monetary Fund (IMF) extended the period for principal repayment. Thus Turkey's new debt repayment will be 2.1 billion U.S. dollars lower than the former one, a statement said on Wednesday.

Turkish Treasury Undersecretariat released a statement and said that IMF decided to make some modifications in its repayment period in its meeting held on March 24, 2009.

Former and new principal repayment plans for Turkey's current debt stock to IMF are as follows:

YEAR FORMER REPAYMENT PLAN NEW REPAYMENT PLAN

. (million SDR) (million SDR)

------- ------------------- ---------------------

2009 (Apr.-Dec.) 1,423 0

2010 1,780 1,423

2011 1,311 1,780

2012 562 1,311

2013 0 562

Total 5,076 5,076

SDR: Special Draw Right

(THROUGH ASIA PULSE)
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Publication:Anadolu (Eskisehir, Turkey)
Date:Apr 1, 2009
Words:128
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