Minister says Turkey agrees with IMF for confidence

The Turkish deputy PM said on Sunday that was agreeing with IMF to get the confidence of foreign circles.

Minister says Turkey agrees with IMF for confidence
The Turkish deputy prime minister said on Sunday that Turkey was agreeing with the International Monetary Fund (IMF) to get the confidence of foreign circles.

Turkey's Deputy Prime Minister and State Minister Cemil Cicek said that the IMF was providing a guarantee for Turkey's economy policies as an accreditation organization.

"Particulary, it provides a guarantee for foreign capital and circles and this is the number one reason for us to agree with the IMF," he told AA correspondent.

Cicek said that Turkish government did not find it right to discuss issues partially with the fund.

"Turkey is not caring about the loan to be provided by the IMF," he said.

Cicek said that the government tried to bring closer the demands of the fund with the demands of the vocational organizations.

"Vocational organizations and NGOs are telling us to agree with the fund, but they have made demands raising expenditures," he said.

Cicek also said that the IMF's demands were cutting expenditures.

An IMF mission headed by Ms. Rachel van Elkan visited Turkey between January 8-26 to continue discussions on a new IMF stand-by arrangement in support of the Turkish authorities' economic program.

Turkey's previous agreement with the IMF, a three-year 10-billion-dollar loan, expired in May 2008.

AA
Last Mod: 15 Şubat 2009, 19:40
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