However, Simsek said he could not give exact date for signing the agreement, CNN also reported.
IMF, late on Sunday said that work on new deal with
"I believe that we will reach an agreement in the coming weeks," Managing Director of the IMF Dominique Strauss-Kahn told a news conference during the IMF/World Bank meetings in
He added that nothing has changed in the last four days of negotiations: "We had a long discussion. We are still working with them," according to the reports.
Simsek flew to
It has been almost a year since
The Turkish economy has slumped in recent months, falling more than 6 percent in the fourth quarter from a year earlier. It was the first contraction since 2001, when the economy shrank nearly 10 percent in the final quarter due to a domestic financial crisis.