Turkish Finance Minister Mehmet Simsek said on Wednesday that Turkey would continue to progress with its own program whether or not assistance came from International Monetary Fund (IMF).

Şimsek responded to questions of reporters after speaking at the "Turkey Investment Summit" held in London.

"I hope Turkey would not need IMF anymore in the coming years and would be able to stand on its own feet," Simsek said and added that, "Turkey got rid of world's biggest crisis without IMF. If you consider IMF as an insurance policy, then there is no need to discuss it much."

Simsek expressed belief that Turkey, with its strong structure, would reach a point in the coming years that it would not need a source from international finance institutions.

Turkish Embassy in London and European Bank for Reconstruction and Development (EBRD) are jointly organising the three-day investment summit which began on October 20.

A large number of investors and senior officials from different companies are expected to attend the summit.

Policies pursued by Turkey to cope with the global financial crisis, its latest investments on energy and infrastructure projects and the investment opportunities in Turkey will be discussed during the summit.