Caglayan: Turkey willclear IMF debt by may

Speaking at the regular general assembly of the International Investors' Association (YASED) yesterday, Economy Minister Zafer Caglayan said that Turkey has ensured economic and political stability and made significant arrangements to become a center of attraction with regard to international investments in the last decade. Stating that such positive developments have been mentioned throughout the world, Caglayan said that Turkey has covered a substantial distance. Caglayan said that Turkey's exports amounted to $3 billion in 1980 and increased to $152.6 billion in 2012. Underlining that Turkey has turned the global crises into opportunity, Caglayan said that Turkey has made such achievements thanks to its political stability, as well as financial and budgetary discipline.  Touching on Turkey's relations with IMF, Caglayan indicated that Turkey would clear its IMF debt totaling $400 million by May.