Turkey: Sixth and Seventh Review Under the Stand-By Arrangement; Staff Supplement; and Press Release on the Executive Board Discussion

International Monetary Fund

No 2001/089, IMF Staff Country Reports from International Monetary Fund

Abstract: Turkey showed good macroeconomic performance under the Stand-By Arrangement. Executive Directors stressed the need to maintain strong fiscal and monetary policies, and accelerate structural reforms. They appreciated the authority's efforts to reestablish the fiscal solvency and the adoption of the new central bank law. They agreed that the full implementation of the economic program would help restore macroeconomic stability and address the structural root causes of the country's problems, thereby laying the foundations for the resumption of growth.

Keywords: ISCR; CR; stand-by credit; SDR; inflation targeting framework; floating exchange rate framework; SDIF bank; reform of the banking sector; drawings of SDR; Foreign currency exposure; Real interest rates; Inflation (search for similar items in EconPapers)
Pages: 113
Date: 2001-06-14
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