Turkey should immediately deal with IMF: WB official.hurriyet2008-detailbox-newslink { font-family: Arial, Helvetica, sans-serif; font-size:13px; font-weight:bold; text-decoration:none; color:#000000;}.hurriyet2008-detailbox-newslink:hover { font-family: Arial, Helvetica, sans-serif; font-size:13px; font-weight:bold; text-decoration:underline; color:#990000;}It was important for Turkey to immediately sign an agreement with IMF to restore confidence in markets and avoid collateral impacts of economic crisis, Andrew Vorkink, former Turkey Director of World Bank, said on Tuesday.

Speaking to Anatolian Agency, Vorkink said that it was also important that Turkey should cooperate with U.S. Federal Reserve and European Central Bank on liquidity as well as fulfill reforms which would bring flexibility to employment market.
Vorkink said that if Turkey now took preventive measures and brave steps, those would bring a positive milieu to markets. He added that delayed measures would be less influential.
Noting that global financial crisis would show its collateral influences on the real economy in countries like Turkey, Vorkink said that those influences were like weakness in confidence of investor, decrease in commerce, increase in unemployment and drop in production.
Vorkink said that Turkey would not see a crisis like in 2001 because it took structural measures and made its economy less fragile.