Fisher says 'Turkey Heading in the Right Direction'

Stanley Fischer, the former Deputy President of IMF who is now Governor of the Israeli Central Bank, said that Turkey's economic program has gained credibility and its economy was in good shape and heading in the right direction.Fischer, one of the world's leading economists, recalled that after implementing its IMF-supported economic program, Turkey had reduced inflation and established financial stability. Stressing that Turkey’s economic program gained credibility, Fischer said that sustaining the same program was important for Turkey. Fischer played a role in Turkey adopting the 'fluctuating rate'. He is in full support of the economic program implemented by Turkey in 2000.Â