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CAMDESSUS MEETS TURKEY'S PRIME MINISTER TO DISCUSS CURRENT ECONOMIC SITUATION

 WASHINGTON, April 14 /PRNewswire/ -- Michel Camdessus, the Managing Director of the International Monetary Fund, met today with Mrs. Tansu Ciller, the Prime Minister of Turkey, to exchange views on Turkey's current economic situation and on the stabilization and structural adjustment program the Turkish authorities are putting into place. Following the meeting, Camdessus said he believes the objectives of the Turkish authorities' program and the measures that have been announced to attain them are courageous and deserving of IMF support. Consequently, he said that he has agreed to start immediate discussions with the Turkish authorities on a stand-by arrangement.
 Camdessus said that, steadily implemented, a program guided by the principles announced by the Turkish authorities will make a major contribution in stabilizing the Turkish economy and establishing a basis for strong and sustainable growth, in the perspective of Turkey's further integration into Europe.
 -0- 4/14/94
 /CONTACT: External Relations Department of the International Monetary Fund, 202-623-7100/


CO: International Monetary Fund ST: District of Columbia IN: SU:

LD -- NY141 -- 7665 04/14/94 19:58 EDT
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Publication:PR Newswire
Date:Apr 14, 1994
Words:175
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