Erdogan: "We'll sign a new IMF deal if it serves Turkey's interests"

Speaking in Istanbul at a ceremony marking new infrastructure investments by the Istanbul Greater Municipality, Premier Recep Tayyip Erdogan praised how the investments had strengthened the city. Stating that in six years in office, the ruling Justice and Development (AK) Party had never resorted to populism, Erdogan said all state and government officials serve the people. Touching on talks with the International Monetary Fund, Erdogan said that were trying to strike a deal in line with Turkey's interests. Stating that Turkey's debt to the Fund had dropped from $26.5 billion six years ago to $8.7 billion, he said all the government's steps would be in accordance with Turkey's interests. He added, "Turkey is changing. All of us should know and believe in Turkey's power." In related news, IMF First Deputy Managing Director John Lipsky said significant progress was being made towards a new agreement, adding that he hoped a deal would be struck soon. Stating that Turkey's economy has developed greatly in recent years, he said as an active member of the Fund, Turkey has strengthened its position within the Fund.