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16:49, 19 September 2014 Friday
17:48, 25 May 2011 Wednesday

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Turkey not working with IMF for three years: Arinc
Turkey not working with IMF for three years: Arinc

Turkish State Minister & Deputy Premier Bulent Arinc said that Turkey had not been working with International Monetary Fund (IMF) for three years.

Turkish State Minister & Deputy Premier Bulent Arinc said that Turkey had not been working with International Monetary Fund (IMF) for three years.

We have cut our relations with IMF during the hardest times of economic crisis, said Arinc during a meeting in the northwestern province of Bursa on Wednesday.

IMF also confirmed that Turkey, which had a successful economy management, did not need it, said Arinc and added that many countries which cooperated with IMF were now about to go down.

Noting that when Justice & Development (AK) Party came into rule in 2002, Turkey's debt to IMF was 23.5 billion USD, Arinc said that the debt now dropped to 5.5 billion USD.

He also recalled that Turkey caught a nine percent growth speed in 2010 which meant that Turkey was among top five countries with this growth speed. He added that Turkey was the third after China and Argentine.

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