IMF and Erdogan admin will find zero common ground....as the latter will simply not reverse the low interest rate policy that in large part worsened this deep mess to begin with.
So there is no chance of IMF being involved in foreseeable future. The meeting ground is burned and salted already basically.
I mention the gulf countries because thats where Turkiye has mostly been able to sell its sukuk bonds (well past its regular bonds) and arrange currency swaps to essentially buy time till this election being done now.
It was not small amount of money, some 10's of billions of dollars so far.... I'd have to look into it for exact amount, but the matter stands that they are the likeliest option for continued funding to keep ship afloat.
Even on this forum, lot of members miss the woods for the trees by focusing on smaller sectors of their particular interest rather than learn about the larger economy (and its deep systemic problems) and call out those issues fairly to powers that be.
Overall a lot (cost and impact wise) depends on what specifics play out post election:
Cost of credit default swaps records biggest rise in two years, while bonds sell off
www.ft.com
