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.
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Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.
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Hong Kong and China ended down after fluctuating through the morning on data showing the world's number two economy expanded in January-March at the same rate as the previous three months.
For Turkey, Germany is a very important, indispensable partner: Turkish Energy Minister Albayrak says in Berlin
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The United States, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.
Excluding interest payments, central government budget balance saw surplus of nearly $500M in first quarter of 2018
London's FTSE 100 index fell 0.1 percent to 7,254.83 points, with UK advertising giant WPP diving four percent after chief executive Martin Sorrell resigned over the weekend.
The US, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.
Industrial production surges 9.9 pct year-on-year in February, official data show
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Unemployment in January goes down 2.2 percentage points from the same month last year, says TurkStat