By the end of 2004, Turkey should no longer need IMF

“This is what Turkey, the IMF, and the World Bank all want,” Gul told an economic conference. “If our politics proves its skill and steers us away from further crises, then we won’t need additional IMF loans.” The IMF’s involvement in Ankara’s affairs was a mistake of previous governments, he argued, adding that the Justice and Development Party (AKP) government believed that Turkey could go it alone. Also touching on the government’s decision last week to take over two power stations, Gul underlined that Energy markets Regulatory Authority (EPDK) head Yusuf Gunay had clearly stated that the takeover decision was an unanimous one. “In our country, rules, laws and regulations apply to everyone,” he added.