Turkey's Babacan says global economic shrinkage 'about to end'

Babacan said global economic shrinkage is "about to end."

Turkey's Babacan says global economic shrinkage 'about to end'

Turkish State Minister and Deputy Prime Minister Ali Babacan said Saturday global economic shrinkage is "about to end."

Speaking to Turkish reporters following the G-20 meeting of finance ministers and central bank governors in London, Babacan said that the meeting focused on the management of international institutions, close watch of the global financial system, and regulation of global financial system.

The most important issues discussed were strengthening financial stability and facilitating global development, Babacan noted.

Stressing that international institutions such as the World Bank and IMF will carry higher importance in the future, Babacan said that Turkey will have more say in the management of relevant institutions in the upcoming term.


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Last Mod: 06 Eylül 2009, 11:06
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