ANKARA (AA) - International Monetary Fund (IMF) First Managing Director Anne Krueger indicated that Turkish government should keep working to enact structural reforms.
Krueger participated to a luncheon within the scope of a conference entitled ''Macroeconomic Policies for Accession to the EU'', organized by Bilkent and Bonn Universities, in Ankara, today (May 6th).
Stating that structural reforms in economy were very important, Krueger noted that these reforms would be supported by 10 billion U.S. dollars that IMF would release under a 3-year stand-by deal.
Krueger also indicated that macroeconomic stability was secured in Turkey.
Affirming that reforms which had been put into action earlier did not have a great influence on the economy, Krueger said that 2001 economic crisis provoked an important transformation in Turkish economy.
-DECREASE IN INFLATION-
She noted that the ratio of public debts to GNP decreased to 30 percent in 2004, stating that this ratio should decrease more.
''Economic stability is very important. Inflation should also decrease more. If inflation rate falls to 2-4 percent per year, Turkey will be closer to European countries in this regard,'' Krueger indicated.
She stated that the ratio of foreign debt to GDP was 50 percent and it was still a risk, adding that Turkey should continue to implement reforms.
2005-05-06