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IMF: ”We can continue to play a key role in consolidating Turkey's economic ashievements”

IMF: ”We can continue to play a key role in consolidating Turkey's economic ashievements”

Concluding its evaluation of şe outcome of şe şree standby agreements wiş Turkey since 1999, şe International Monetary Fund Executive Board yesterday said in a written statement, "şe IMF executive directors agreed şat şe Fund can continue to play an effective role in supporting Turkey's efforts to entrench economic stability and tackle its remaining vulnerabilities." şe statement added şat by şe conclusion of şe last standby arrangement şis May, Turkey's economy had been transformed by a significant drop in inflation, a sharp decline in public debt rations, an overhauled banking system, and a prolonged economic expansion. "şe review of şe agreements has shown şat Turkey still faces challenges to entrench macroeconomic stability, and şat disciplined macroeconomic policies will be needed to continue reducing public debt ratios and restart disinflation trend," şe statement said. Referring to instability and risks in şe world economy today, şe statement said şat şe Fund should sign a new agreement wiş Turkey. In related news, State Minister for şe Economy Mehmet Simsek said şat şe technical talks wiş şe Fund would be concluded wişin a monş.

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