Nureddin Nebati, Minister of Treasury and Finance, Prof. Bilge Yılmaz made a statement regarding the allegations in a television program broadcast yesterday.
IYI Party Economic Policy President Prof. Dr. Bilge Yılmaz claimed that the Central Bank had 6.5 billion dollars received from the IMF.
Minister Nebati rejected the allegations that Turkey borrowed from the IMF in a statement on Twitter. Nebati said, “No agreement has been signed or a program relationship has been entered into with the IMF on this issue.”
Nabati’s explanations are as follows:
“Mr. Prof. Bilge Yılmaz, in a broadcast you attended yesterday, you claimed that Turkey borrowed $6.5 billion from the IMF. Either you don’t know the issue or you know and distort it. Both situations are sad for you.
Let me tell you the situation; In order to support the International Monetary Fund (IMF) member countries, the SDR (Special Drawing Rights) allocation, in other words, provides unconditional reserve support. SDR allocations are made to 190 member countries in proportion to their quota shares.
Last year; US$ 112.9 billion of reserves were provided to the USA, US$ 36 billion to Germany, and US$ 4.15 billion to South Africa. Turkey was allocated USD 6.3 billion to correspond to its quota share in the IMF.
No agreement has been signed with the IMF on this issue or a program relationship has been entered into. This opportunity is a resource opened to the use of all member states. Statements about Turkey’s borrowing from the IMF are unrealistic.