US hopes IMF-Turkey deal
Güncelleme Tarihi:
Hürriyet Daily News
Oluşturulma Tarihi: Şubat 19, 2009 00:00
ANKARA - The United States ambassador to Turkey has expressed hope that a new accord will be reached between Turkey and the International Monetary Fund, or IMF.
"This is a decision on the part of Turkey and on the part of the IMF, but as a friend of Turkey we hope that an agreement can be achieved," James Jeffrey said at meeting held by the Turkish-American Business Association in Ankara yesterday.
Talks between the government and the IMF were suspended last month. Prime Minister Recep Tayyip Erdoğan said the stall came after the IMF had ’unacceptable demands.’ Jeffrey, without elaborating further, said the U.S. believed the new IMF program "could well be beneficial to Turkey in this challenging environment."
Jeffrey said Turkey was a very attractive country for American investors, but he said there were a number of steps Turkey should take to make its economy more hospitable to foreign investment. He said predictability was crucial, as well as intellectual property protection. Jeffrey also referred to the burden of informal economy.
Talks between the government and the IMF were suspended last month. Prime Minister Recep Tayyip Erdoğan said the stall came after the IMF had ’unacceptable demands.’ Jeffrey, without elaborating further, said the U.S. believed the new IMF program "could well be beneficial to Turkey in this challenging environment."
Jeffrey said Turkey was a very attractive country for American investors, but he said there were a number of steps Turkey should take to make its economy more hospitable to foreign investment. He said predictability was crucial, as well as intellectual property protection. Jeffrey also referred to the burden of informal economy.