WASHINGTON (A.A) - 07.08.2002 - International Monetary Fund (IMF) European One Department Director Michael Deppler said on Wednesday that economic program would continue despite the elections that would take place in Turkey on November 3, stressing that IMF delegation would be in Turkey in October for the workings for next tranche of loan.
Deppler spoke at a teleconference in Washington after IMF Executive Board approved to release nearly 1.1 billion U.S. dollars tranche of loan to Turkey.
When asked whether or not State Minister for Economy Kemal Dervis's staying at the government was important for the continuation of the program, Deppler said they thought Dervis was a very influential architect at the program. He said Dervis became the spokesman of the program, and that to this end he deserved confidence. Deppler said, ''as Dervis himself stated, the program continues with the cooperation and efforts of many people.'' He said they did not think that the program depended on only one person.
Appreciating the determination of the Turkish government to implement the program so far, Deppler said the general view in IMF Executive Board was that Turkish government continues to implement the program strongly, noting that the program continues on the right track.
Responding to a question about the effects of the election process on the program, Deppler said they have full confidence that the program would be implemented, pointing out that leaders agreed on general framework on the economic program.
Deppler said there may be some disagreements on some simple issues but that they could not expect all the political parties to agree on everything. He said the leaders supported the program in general framework, noting that there was not any disagreement on outlines of the program.
When asked whether or not IMF needed to call for an additional guarantee from the Turkish leaders because of the elections, Deppler said the general view in the IMF Executive Board was that there was not any need for an additional guarantee as there was not a disagreement about the outlines of the program.
Deppler said they did not feel the need to call for an additional guarantee under current conditions.