$10bn loan for Turkey goes through

US - The IMF yesterday finalised a package of $10bn in new lending for Turkey. Arguing that it needs the loan to cover the fall off in tourist revenue and the effects of a flight to quality following September 11, Turkey had asked for $12bn, its third of the year.

The board however insisted that despite the "positive results" observed on a mission to Ankara their should be a full revue of the current lending ($19bn) and future policies and structural reforms.

Mr Kohler spoke approvingly of UK f