Turkey may sign various agreements with IMF

Turkey's economy minister said Turkey and the International Monetary Fund (IMF) could sign various agreements with the fund from now on.

Turkey may sign various agreements with IMF

World Bulletin/News Desk

Turkey's economy minister Zafer Caglayan said on Thursday that Turkey would not only sign monetary agreements with the IMF in coming days, but it could sign various agreements with the fund.      

"I would like to say that IMF Managing Director Christine Lagarde has told me that 'Turkey does not need IMF, but the IMF needs a strong country like Turkey'," Caglayan told reporters in Istanbul.      

The economy minister said whatever the World Bank, IMF and CEOs had told him would not spoil Turkey as they were only giving signals about how important steps Turkey had taken were and that Turkey should maintain the same course.      

Caglayan said Turkey could repay its debts to IMF any moment, and even companies could repay them.       "Turkey has not feel any need to sign an agreement with the IMF even during the global crisis," Caglayan also said.  

"Continue to grow"

Turkey's economy minister also expressed thought on Thursday that the country would continue to grow in the upcoming three quarters of 2012.      

Zafer Caglayan said that the government had set its growth target in the medium-term economic program as 4 percent.       "Growth figures in the first quarter may be slightly down, but we believe Turkey will continue to grow in the second, third and fourth quarters," Caglayan told reporters in Istanbul.      

Caglayan's remarks came after he met Lagarde, World Bank Managing Director Sri Mulyani Indrawati and CEOs of international companies in Istanbul.

The minister quoted CEOs as saying that Turkey was a great economic success story in a period when the world was facing serious crisis, and Turkey's economy was fairly dynamic.      

Caglayan said IMF and World Bank had closely monitored and seen Turkey's achievements, adding that he had told the delegation that Turkey went on fulfilling reforms with determination.  

Güncelleme Tarihi: 11 Mayıs 2012, 11:33

Muhammed Öylek