IMF loans for Turkey transferred to the Israeli military industries
Turkey-Israel, Politics, 11/24/2001

Turkish news reports said on Friday that loans of the International Monetary Fund IMF the Turkish minister of the economy Kamal Darwish used to say it will arrive Turkey very soon in order to rescue the economy from its drastic recession, appeared to be used to rescue certain Israeli military industry companies instead of supporting the Turkish economy.

The Turkish daily Millet said that it is expected that a sum of USD 700 million of the IMF loans will be transferred to the Israeli manufacturing company " AMA" and this loan will rescue the company from the drastic financial crisis it has been suffering since a long period of time. This facility will be given for an agreement to be signed between the Turkish ministry of defense and the said company in order to renovate 170 tanks used by the Turkish land forces.

The paper explained that if the Israeli company will accept the conditions of the Turkish army chief of staff to reducing bid prices, and allocate part of the production for the Turkish companies, then Turkey and Israel will sign the largest arms deal between them since the beginning of the new Millennium.

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