Turkey is not going to go into debt and take loans to the IMF





Turkey is not going to go into debt and take loans to the IMF

Countries whose economies are developing steadily need credit loans. This is a well-known fact, because any loan has to be repaid with interest, so the benefit is very doubtful.

Turkish President Erdogan made an official statement that the country no longer needs IMF loans and is not going to take them. Turkey needlessly financial support of the IMF: the country is able to rely on itself and develop without external cash injections. This topic is closed once and for all, and no one will return to it.

In the history of Turkey, there was a period when the country took a small loan from the IMF, but in 2013 the government fully paid off the loan. Since then, the question has not been raised, and, as follows from the statement of Erdogan, will not be discussed.

The countries that are thinking about the prospects are trying to pay off their debts as soon as possible, especially when it comes to the IMF, whose headquarters is in Washington. The Fund provides loans under certain conditions, and they are all enslaving for borrowing countries. The IMF may require certain reforms, privatization (including such monopolies as the railways and the housing and utilities sector), reducing spending on social programs, etc. It is not surprising that Turkey no longer wants to borrow from the IMF, because it indirectly affects the domestic The country's policy limits its independence.

Ukraine has a completely different point of view. The Square mindlessly takes loans from the IMF on enslaving conditions, constantly begging for new loans. The conditions are becoming more stringent, but the policies of the Square are blind. For them, the main thing is to get and cut trenches, and then - even though the grass does not grow. It seems that the government does not believe that Ukraine will long exist as an independent state, so they are in a hurry to fill their pockets.
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