ANKARA - International Monetary Fund (IMF) Permanent Representative to Turkey Odd Per Brekk said on Wednesday that the support of political parties and the private sector to the economic program was important in order to ensure sustainable economic growth in a low inflation atmosphere in Turkey.
Brekk made a statement in which he said that fourth review between the IMF and Turkish economy bureaucrats would be made during the annual meetings of the IMF and World Bank in Washington D.C.
A delegation headed by IMF Turkey Desk Chief Juha Kahkonen would come to Turkey on October 2, Brekk noted.
Brekk stated that contacts would be held in Istanbul and Ankara as a part of the fourth review.
After the fourth review was completed, almost 1.5 billion U.S. dollars of loan tranche could be released, Brekk pointed out.
Brekk said that the economic program which was implemented despite economic uncertainties in recent months gave encouraging results.
IMF and Turkish officials would debate the ways to achieve a public sector non-interest surplus which was equal to 6.5 percent of the Gross National Product (GNP) in 2002 and 2003 during their contacts, Brekk noted.
Brekk pointed out that the IMF delegation would take up reduction of public personnel, direct taxation reform and structural reforms including budget management during the contacts.
Achievements and strong economic contributions of the program should continue, Brekk noted.
Brekk stated that Turkey managed to ensure an economic growth over 3 percent, the year-end target, in the first half of this year despite political uncertainties.
Turkey could reach year-end 35 percent inflation target, Brekk added.