Turkey : First and Second Reviews Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criteria and Rephasing of Purchases: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Turkey

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Release Date: © July, 2006
ISBN : 978-1-45183-817-6
Stock #: 1TUREA2006002
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Prudent macroeconomic policies helped Turkey to achieve economic growth under the Stand-By Arrangement. Executive Directors welcomed this development and stressed the need to widen the account deficit. They emphasized the need of a strong budget, powerful monetary and fiscal policies, and structural reforms to sustain economic growth and reduce vulnerabilities. They urged to strengthen the banking supervision and international reserves. They welcomed the revised program and agreed that its full implementation would help in sustaining economic growth.


Balance of payments , Balance of trade , Banks and banking , Capital account , Central banks , Economic development , Economic policy , Economic sectors , Exchange rate policy , Exports , Financial institutions and markets , Fiscal policy , Foreign exchange , Imports , Inflation , International trade , Investment , Monetary policy , Public sector

More publications in this series: IMF Staff Country Reports