WASHINGTON D.C. - Turkish State Minister Mehmet Simsek and IMF Managing Director Dominique Strauss-kahn discussed on Friday Turkey`s economy, probable impacts of the global financial crisis on Turkish economy, and global economic developments.
Governor of Turkey`s Central Bank Durmus Yilmaz, Treasury Undersecretary Ibrahim Canakci and Banking Regulation and Supervision Agency (BDDK) chairman Tevfik Bilgin as well as IMF executives attended the meeting between Simsek and Strauss-kahn that lasted nearly an hour.
The two parties also assessed recent macro-economic developments in Turkey economy, 2009 budget and reform works over quota and voting power in the IMF.
Turkish delegation emphasized that inflation has a downward trend within the scope of the drop in prices of oil and goods, and that it may be below the target.
The parties also exchanged views on a work regarding potential "cautious stand-by".
Turkish party said Turkey did not have a need for foreign loan in financial sense, the course in budget performance showed that macro-economic targets can be achieved, and privatization progressed on a very successful level.
IMF Managing Director said budget performance in Turkey achieved a great success against the global financial crisis.
Turkish Minister Simsek told Strauss-kahn that G20 group, including Turkey, would be an appropriate platform in solving global economic problems.
Simsek is scheduled to meet former U.S. Secretary of State Madeline Albright later on Friday and represent Turkey at G20 meeting on Saturday and explain his views during meetings searching for a solution to global financial crisis.
The Boards of Governors of the IMF and the World Bank Group normally meet once a year in the autumn for a plenary session to discuss the work of their respective institutions. The Annual Meetings are preceded by the ministerial-level meetings of the International Monetary and Financial Committee (IMFC), the IMF`s policy-guiding body, and the Development Committee, a joint IMF-World Bank forum.
The Annual Meetings, which generally take place in September-October, have customarily been held in Washington for two consecutive years and in another member country in the third year.
Because the Annual Meetings bring such a large number of member country officials together, they provide opportunities for consultations large and small, formal and informal.
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