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" Turkey Does Not Need IMF Financial Assistance" – IMF Assistant Chairman

Business Materials 20 June 2008 16:48 (UTC +04:00)

Azerbaijan, Baku, 20 June / Trend / "Assistant Chairman of the International Monetary Fund (IMF) John Lipsky said that now Turkey does not need IMF financial assistance," Turkish Cihan news agency reported.

As to suspension of cooperation with IMF, Turkish Prime Minister Recep Tayyip Erdogan said he had discussed the issue with the Minister and head of the Turkish Treasury.

"After completion of technical work we will divulge the result," Erdogan said.

"I support reformation process being held by the Turkish Government," Lipsky said at a press conference after the 5th meeting of the Turkish Industrial Consultative Council.

Lipsky said Turkish economy had achieved a good progress.

"Looking to the future, we see that Turkey does not need IMF financial assistance. IMF is ready for a Stand By agreement and we are waiting. We a ready to cooperate in the format Turkish leadership will chose," he said.

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