In February, 1980, only weeks after the opening of the 24thJanuary package of economic measures, Mr. Özal (then Undersecretary to State Planning Organization (SPO) of Turkey)was confirming to Mr. McNamara (then President of the WorldBank) that a new approach to economic problems was enunciated as a matter of policy. He emphasized that "the... controlof inflation is more important in present than the attainmentof a higher growth" and "a majör reorientation away from thestate sector" was among the policy choices. "In recognition ofthis," he wrote, "we intend... (to rigorously tailor) the levelof annual investment" to the resource availabilities and theseintentions were "related to the size and the quality of investment programs." He also reiterated that resources will be directed to priority areas in consultation with the World Bankand demanded, in addition to a program loan to support theJanuary 24th package, "other program assistance as appropriate."1