Turk Minister: 'Studies on new IMF relations continue'

With respect to Turkey's relations with IMF, Simsek said the Turkish public sector did not need any financial support from the fund.

Turk Minister: 'Studies on new IMF relations continue'
A Turkish state minister said on Tuesday that Turkey carried on with its studies on a cautious stand-by deal with the International Monetary Fund (IMF).

In an interview with the private TV channel CNN Turk, State Minister Mehmet Simsek commented on the latest developments in the Turkish economy.

With respect to Turkey's relations with IMF, Simsek said the Turkish public sector did not need any financial support from the fund.

"However, an agreement to be signed with IMF would decrease the risk premium, and within this framework, we are conducting studies on a cautious stand-by deal," he said.

Commenting on the energy shortage, Simsek said studies were being carried out in an effort to use the hydroelectric power plants, wind energy and thermal power plants in Turkey more effectively.

Simsek also said tenders on nuclear power plants will be held in September and the following months.

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Last Mod: 24 Haziran 2008, 14:17
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