The International Monetary Fund has granted 17 loan arrangements to Turkey since 1961, yet in each case Turkey has failed to honor its commitments to reform. The Turkish economic crisis is the first international economic challenge to confront the Bush Administration.
Turkey plays a pivotal role in advancing U.S. policy goals in the Middle East, Europe, and Eurasia.
America therefore cannot neglect Turkey and should help it to achieve economic stability. The highly public forum will allow President Bush to communicate directly with both the decision-makers and the people of the United Kingdom, historically one of America's most stalwart allies. Released March 2, 2001. Europe Archive Subject Index Items prior to 2001 are grouped by subject. The Heritage Foundation is committed to building an America where freedom, opportunity, prosperity and civil society flourish.