Turkey woos IMF with reforms

TURKEY - Turkey is due on Friday to finalise a series of reforms to its banking system, deemed to be crucial if the country is to secure further loans from the International Monetary Fund (IMF).

The Turkish treasury said that the bulk of reforms became law late on Thursday and that the final directives would be published in Turkey's official gazette later on Friday.

The Turkish Government drove the reforms through despite the opposition of President Ahmet Necdet Sezer, who said that some of th

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