Turkey: Fifth Review Under the Stand-By Arrangement, Request for Waiver of Performance Criteria and Extension of Repurchase Expectations-Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion

International Monetary Fund

No 2003/324, IMF Staff Country Reports from International Monetary Fund

Abstract: Turkey showed strong implementation of macroeconomic policies and economic reforms under the Stand-By Arrangement (SBA). Executive Directors commended the disinflation, debt reduction, and sustained economic growth, and stressed the need to safeguard macroeconomic stability and accelerate structural reforms. They welcomed the European Union-related legislation, and commended The Central Bank of Turkey for its monetary policy and the Banking Regulation and Supervision Agency in its supervision of banks. They agreed that Turkey has successfully completed the fifth review under the SBA, and granted waiver.

Keywords: ISCR; CR; market expectation; policy; policy credibility; SDR; staff appraisal; executive board discussion; market development; reform legislation; Public sector; Exchange rates; Fiscal stance; Global (search for similar items in EconPapers)
Pages: 84
Date: 2003-10-16
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