Reform delay could harm Turkey's stability

Turkish central bank governor Sureyya Serdengecti said in an interview with the Financial Times that a further delay in completing reforms tied to a new $10bn loan deal with the IMF could put the country's economic stability at risk.

Turkey has yet to pass key social security, tax and pension reforms required to get the green light for the new accord with the Fund to replace the previous $19 billion loan programme which expired last month.

Serdengecti said: "There was no problem when the agreem