Ankara
Martin Raiser, the Country Director for Turkey of the World Bank, said that Turkey would end up with only a small amount of loss from the present economic conjuncture with the applications of macro economic policies, structural reforms, law inflation, economic stability, and a good public finance.
Raiser said recent upgrades to Turkey from international credit rating agencies of US-based Moody's, as well as Japan's JCR's and Canada's DBRS's were good developments for Turkey.
Speaking to AA, Raiser made reference to Turkish economy with praise and said it was pleasing that the international credit rating agencies appreciated the country's fast growing economy over the last years.
Raiser stated it would be deceptive, despite the good developments, to think that all the global economic risks were eliminated and said "At the moment, the whole world is at risk. It would be hazardous to be at ease while even the developed countries such as Europe, US, and Japan have been struggling with many difficulties. Turkey should keep its financial policies in a cautious way."
