Turkey will transfer 5 billion U.S. dollars to a fund to be formed by the International Monetary Fund (IMF) for the global economic crisis.
LOS CABOS- Officials at the Prime Ministry said that global economic crisis was discussed in the first session of G-20 Summit that began in Los Cabos, Mexico on Monday, stating that some of the leaders attending the summit announced their contributions to the fund.
Prime Minister Recep Tayyip Erdogan said Turkey would contribute 5 billion USD to the fund.
The officials said 5 billion USD would be paid from foreign exchange reserve of the Turkish Central Bank and Turkey could withdraw the amount from the fund when needed.
10 billion USD from Brazil, Russia, Brazil and Mexico each, as well as 2 billion USD from South African Republic and 1.5 billion USD from Colombia were transferred to the fund.