Turkey: 2004 Article IV Consultation and Eighth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion—Staff Reports; Staff Supplement; Public Information Notice and Press Release of the Executive Board Discussion; and Statement by the Executive Director for Turkey

International Monetary Fund

No 2005/163, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines Turkey’s 2004 Article IV Consultation and Eighth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion. Economic performance over the last three years has been impressive. For the medium term, the main challenge is to implement policies that achieve the goals of sustained growth and low inflation. The authorities need to take steps to encourage foreign direct investment, to make good on their plans for privatization, and to reform the judicial system to facilitate the functioning of Turkey’s market economy.

Keywords: ISCR; CR; deficit; current account; June inflation datum; widening current account deficit; government debt ratio; end-April performance criterion; commendable conduct; executive board discussion; Current account deficits; Exchange rates; Middle East; Global (search for similar items in EconPapers)
Pages: 142
Date: 2005-05-19
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