Turkey does not need the financial support of the International Monetary Fund
Answering the questions that were asked him at a press conference in Washington about possible effects on...
Minister of State of Turkey , who deals with relations with international financial organizations, said that Turkey does not need the financial support of the International Monetary Fund.
Answering the questions that were asked him at a press conference in Washington about possible effects on the economy , the Turkish economy is strong and is able to recoup the costs necessary to protect the security of the country. The Minister stressed that because the world economy is integrated, the decision of one country influences the other. However, the increase in gasoline prices is associated not so much with the Turkish decision about entering Iraq, but with the increasing worldwide demand for gasoline.
investments in Turkish economy will be discussed further, slight decline of investment will not affect the decision of investors about long-term investments in the Turkish economy. However, as the Minister said, in recent years, Turkey has achieved great successes in attracting foreign capital, and this is not accidental, but a consequence of improving investment environment in Turkey continued reforms, economic success and the prospects for its joining the European Union.
Turcia expects growth of investments and increase productivity. Above all, however, it is necessary to ensure the development of the banking sector and telecommunications, as without it the attraction of foreign firms is difficult. Regarding Turkey's relations with the International Monetary Fund that all economic programmes, agreement on which was reached earlier successfully performed and will continue to be implemented. Turkey is a member of the International Investment Fund, so their relationship will develop in different directions. She paid a significant portion of its debt to the IMF and at the moment the investment does not need. With the help of reforms and economic policies, the Turkish economy has been strengthened so that no programmatic need for this kind of programs.
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