Turkey may need $30 billion loan, Citi says

Bloomberg

Agreement on the lending may be delayed beyond May due to probable IMF demands on the government to peg back spending, Citigroup economist İlker Domaç said in an e-mailed report late Wednesday. A “sizeable” share of the IMF loans should be used to meet public borrowing needs, which are likely to increase by 6.6 percentage points this year, Domaç said.