GeriGündem No IMF fund included in Turkey's 2009 budget - economy minister
MENÜ
  • Yazdır
  • A
    Yazı Tipi
  • Yorumlar
    0
    • Yazdır
    • A
      Yazı Tipi

No IMF fund included in Turkey's 2009 budget - economy minister

No IMF fund included in Turkey's 2009 budget - economy minister
refid:10894043 ilişkili resim dosyası
Abone Olgoogle-news

Turkey did not presume it would sign a loan accord with the International Monetary Fund (IMF) when it drew up its 2009 financing programme, Economy Minister Mehmet Simsek said in a television interview on Friday.

Turkish banks have limited need for foreign funding, Simsek told Turkish CNBC-e broadcaster from the World Economic Forum in Davos.

The IMF and Turkey this week halted talks for 10 days on a loan pact that was expected to be worth as much as $25 billion after failing to resolve differences on structural reform.  

"Turkey needs a programme with or without the IMF ... The crisis will continue to affect Turkey even if we have an IMF-backed programme," Simsek said.

Turkish business leaders and investors urgently want a stand-by agreement to stabilise the $700 billion economy which has seen a sharp slowdown in growth. The previous $10 billion accord expired in May.

The IMF has been pushing for tighter fiscal policy and a higher primary surplus while the government has wanted to use IMF money to stimulate economic growth.

"We want a programme which suits Turkey's dynamics and which will lessen concerns over short-term external financing requirement," Simsek said.

"We see an IMF programme as insurance against uncertainty," he said, adding that he had the impression that disagreements with the IMF were solveable.

False
Haber Yorumlarını Göster
Haber Yorumlarını Gizle