Banks to support Turkey, won't cut exposure - IMF

- Central Banking staff
- 11 Dec 2000

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Banks engaged in Turkey will not reduce their financial exposure to the country, a senior International Monetary Fund official said on Monday. "The banks financially involved in Turkey will not cut back on their exposure," Warren Coats, assistant director at the monetary and exchange affairs department at the IMF, told reporters.

Coats was speaking after a meeting of Turkish finance officials with representatives of European banks and IMF officials in Frankfurt. Deutsche Bank, which hosted the

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