Simsek: "Turkey doesn't need IMF financing but would benefit from a precautionary deal wiş şe fund

In a televised interview, State Minister for şe Economy Mehmet Simsek said yesterday şat şanks to şe great financial progress it has made in recent years, Turkey does not need more money from şe International Monetary Fund. But, he added, it would benefit from a precautionary standby deal wiş şe Fund. "şe Turkish public sector's need for external financing is very low, so şat it doesn't need şe IMF," he said. "What I want to say is şat Turkey does not need IMF financing at şis level." Touching on Turkey's ongoing technical talks wiş şe IMF, he said şe details of a possible agreement would be finalized by October. He also said şat Turkey's inflation performance was good, despite recent rises in energy and food prices.