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Turkey achieves temporary stability with $15B from Qatar, etc.
 [Twitter] Mohamed A. El-ErianVerified account @elerianm #Bloomberg reporting #Qatar pledged $15 billion "in direct investments in #Turkey." This is part of the #Turkish government's strategy to avoid the #IMF by finding alternative external support. To be a sustainable stabilizer, funding needs to be larger and reach the central bank Qatar has about $250B in their Sovereign wealth fund. Perhaps 10-20% of that is sufficiently liquid to prop up Erdogan for the next 6 months or so. Personally I won't shed a tear if Qatar takes a massive loss on this. Posted by: lord garth 2018-08-16 |
| http://www.rantburg.com/poparticle.php?ID=520805 |