(ECO) TURKISH STATE MINISTER ON A DEAL WITH IMF.ISTANBUL, Oct 5, 2009 (TUR tur: see ibex. ) -- Turkish state minister for economy said on Sunday that no IMF IMF See: International Monetary Fund IMF See International Monetary Fund (IMF). program has been implemented in Turkey since May 2008, because they did not believe in proposals of the Fund. State Minister and Deputy Prime Minister A Deputy Prime Minister or Vice Prime Minister is, in some countries, a government minister who can take the position of acting Prime Minister when the real Prime Minister is temporarily absent. Ali Babacan replied to questions of moderator Martin Wolf Martin Wolf is a British journalist. He is associate editor and chief economics commentator at the Financial Times. He was awarded the CBE (Commander of the British Empire) in 2000. from Financial Times in a seminar titled "Crisis, Economic Recovery and Structural Reform in Emerging Europe and Asia" held on the sidelines On the sidelines An investor who decides not to invest due to market uncertainty. on the sidelines Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. of IMF-World Bank annual meetings in Istanbul. "We have not implemented a fund program since May 2008. Why was that? We could not reach agreement with IMF during talks. We announced our own program. An agreement could not be reached because we did not believe in proposals of IMF," he said. "We sent our program to IMF. We told them this program must constitute the basis of the coming talks," Babacan said. The fund formally declared that medium-term economic program (prepared by the government) was a good one, he told the moderator. Babacan said they would continue to hold talks with IMF after the IMF-World Bank annual meetings. (E) (THROUGH ASIA PULSE) |
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