Decision on IMF difficult

Bloomberg

"It will be important to decide how much an accord will reduce the effects of the crisis," Ekren said in an interview on the CNN Turk news channel. Talks between Turkey and the IMF broke down in January over spending on local municipalities and tax collection. The Washington-based IMF said this month it "stands ready" to resume negotiations and Prime Minister Recep Tayyip Erdoğan said he may reduce spending by as much as 6 percent to meet IMF demands.

"Rather than particular issues, we should focus on how and in what areas a program will tackle the effects of the global crisis on certain sectors," Ekren said.