Turkey to continue on path mapped by IMF

Speaking after the conclusion of a meeting of the cabinet on Wednesday afternoon, Deputy Prime Minister Adullatif Şener said that the government would maintain the objectives set out in the agreement reached with the previous administration to lower inflation to 20 percent next year and achieve economic growth of five percent.
“There will be no change to the program targets already announced. The target for inflation (by the end of 2003) is 20 percent, as outlined in the programme, growth is five percent and the primary surplus target is 6.5 percent,” Şener said.
The Deputy Prime Minister also said that a law governing the conducting of public tenders, in line with international standards, would come into force in the new year and that the government would table an interim budget to cover the first three months of 2003 later this week.