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International Monetary Fund. External Relations Dept.

The IMF Executive Board announced on August 3 that it had completed the ninth review of Turkey’s economic program supported by the three-year Stand-By Arrangement. The Board’s decision will enable Turkey to draw SDR 1.2 billion (about $1.5 billion) immediately from the IMF. The text of News Brief No. 01/73, as well as a statement issued on July 28 by IMF First Deputy Managing Director Stanley Fischer (see page 262) is available on the IMF’s website (www.imf.org).

International Monetary Fund. External Relations Dept.

On March 25, IMF First Deputy Managing Director Stanley Fischer announced that the IMF Executive Board had completed the fourth review under the Extended Fund Facility (EFF) in support of the Indonesian government’s economic program. The text of News Brief 99/13 follows.

International Monetary Fund. External Relations Dept.

In a news brief issued on June 15, IMF Managing Director Michel Camdessus announced that an IMF Executive Board meeting had been set for early July to consider Mexico’s request for a Stand-By credit from the IMF equivalent to SDR 3.1 billion (about $4.1 billion). “The credit would be in support of the government’s strong economic program for 1999–2000,” Camdessus said, “and would help ensure the maintenance of a strong policy framework during the transition to the next administration, and thereby support market confidence during this period.