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ANKARA (Web Desk) – Turkey’s Prime Minister Ahmet Davutoglu will stand down at an extraordinary congress of his ruling AK party later this month, local media reported on Thursday.

Reports that the congress would be held on 22 May came after Mr Davutoglu held talks with senior party leaders.

Speculation of his resignation has been rife since Mr Davutoglu met President Recep Tayyip Erdogan on Wednesday.

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He is long thought to have disapproved of Mr Erdogan’s plans to move Turkey to a presidential system of government.

On Thursday Presidential aide Cemil Ertem appeared to confirm the reports when he said there would be no snap elections following the appointment of a new leader, the BBC reported.

He also told Turkish TV that the country and its economy would stabilise further “when a prime minister more closely aligned with President Erdogan takes office”.

Mr Erdogan hand-picked Mr Davutoglu to succeed him as head of the AK Party (Justice and Development Party) after the former was elected president in 2014.

The development comes at a time of increasing instability for Turkey, which is tackling an escalating conflict with the rebels of the Kurdistan Workers’ Party (PKK), attacks by the so-called Islamic State, and an influx of migrants and refugees.

Turkey is also in the midst of implementing a key deal with the European Union, brokered by Mr Davutoglu, to limit the number of refugees flowing across its border in return for accelerated EU accession talks and financial aid.

The future of that agreement, which Mr Davutoglu was believed to have finalized with little input from the president, has now plunged into doubt by his departure.