IMF official assessed Turkish economy

IMF's deputy director Lipsky said Turkey fulfilled its responsibilities about monetary and fiscal policies as well as structural reforms

IMF official assessed Turkish economy

John Lipsky, the First Deputy Managing Director of the International Monetary Fund, said that Turkey fulfilled its responsibilities about monetary and fiscal policies as well as structural reforms, and took positive results.

Speaking to A.A in Davos on Saturday, Lipsky said that the measures, which Turkey took recently, were against both domestic and foreign economic risks, adding that Turkey fulfilled it responsibility well.

He expressed belief that Turkey would take the necessary measures against foreign developments.

The measures and policies of Turkey dropped the inflation rate, shrank the budget deficit, and helped economy to grow, said Lipsky.

He stressed that it was important to pursue structural adjustment programs to settle a sustainable growth.

Davos town of Switzerland is hosting the World Economic Forum. Economy Minister Ali Babacan and Finance Minister Mehmet Simsek are representing Turkey in the meeting.

AA

Last Mod: 29 Ocak 2011, 15:30
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