Simsek says Turkey to take new measures as part of IMF talks

Simsek said Turkish banking sector was well-prepared for such a crisis due to the measures that were taken by the sector earlier.

Simsek says Turkey to take new measures as part of IMF talks
Turkish state minister said on Thursday they made a significant progress in regard to content of measures that would be taken with the International Monetary Fund (IMF).

Appearing on a program on state-run television TRT, State Minister Mehmet Simsek said that a part of the measures would be taken in the next few days and the measures which would be taken in the new year would include micro and macro structural reforms.

Simsek said the current crisis was the biggest global economic crisis of the last century and Turkey had earlier made necessary preparations for such crisis.

The crisis did not make a huge negative impact on Turkish economy and Turkey was influenced by this crisis less than other countries like South Korea and Russia, he said.

Turkish banking sector was also well-prepared for such a crisis due to the measures that were taken by the sector earlier, he said.

Turkey needed morale and confidence during this period, he said.

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Last Mod: 25 Aralık 2008, 14:26
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