Press Release No. 10/76

Press Release: IMF Statement on Turkey

March 9, 2010

Caroline Atkinson, Director of External Relations at the International Monetary Fund (IMF), issued the following statement on Turkey today:

“The recovery underway in the global economy and in global financial markets—together with the economic policies being implemented by the Turkish authorities in the context of their Medium Term Program—have strengthened Turkey’s economic outlook.

“Against this background, the Turkish authorities and IMF management have agreed that the 2010 Article IV consultation will commence with the visit of an IMF staff mission beginning in the first half of May. The last such visit to Turkey took place in March 2007, and the associated Staff Report was reviewed by the Fund’s Executive Board in May 2007 and published in November 2007.

“The upcoming staff mission will assess in detail the latest developments affecting the Turkish economy, and will exchange views with the Turkish authorities on the outlook and on their policy plans. Such consultations are conducted regularly with all Fund member countries, and typically are scheduled on an annual cycle.”