Speaking on the performance of the Turkish economy at a programme, Babacan said foreign experts agreed that Turkey did not feel the negative effects of the global financial crisis and he added that foreign expectations about Turkey was positive.

Commenting on the talks with IMF, Babacan said IMF was not the primary credibility factor for Turkey anymore.

He said Turkey emerged from the global financial crisis as an economy capable of standing on its own feet.

Babacan said experts agreed that Turkey did not need the IMF anymore.

He said the only reason why they still talked to the IMF was because it provided loans at an interest rate lower than the market average.

Babacan pointed out that IMF did not impose additional conditions to their government, adding that it only expected from Turkey to stick to its own mid-term program.

He said they had to make minor changes in their mid-term economic program in the light of current developments and IMF was currently examining these changes.

The deputy premier said time would show whether or not IMF would agree with these minor changes.