Turkey: Eighth Review Under the Stand-By Arrangement-Staff Report; Staff Statement; and News Brief on the Executive Board Discussion

August 9, 2001

Preview Citation

Format: Chicago

Turkey: Eighth Review Under the Stand-By Arrangement-Staff Report; Staff Statement; and News Brief on the Executive Board Discussion, (USA: International Monetary Fund, 2001) accessed November 23, 2024

Summary

The momentum in economic reform and disinflation has been maintained by Turkey under the Stand-By Arrangement (SBA). Executive Directors commended the financial sector reform, the achievements in restructuring the economy and improving its economic fundamentals, and emphasized the need to accelerate structural reforms, restructure the state banks and intervened private banks, improve money market stability, and enhance governance and fiscal transparency. They commended the strong and comprehensive efforts to implement their strengthened program and approved the completion of the eighth review under the SBA.

Subject: Banking, Commercial banks, Economic sectors, Financial institutions, Fiscal stance, Foreign exchange, Public debt, Public sector, Securities

Keywords: Banking supervision board, Commercial banks, CR, Fund, Implementation, Intervened private banks, ISCR, Program implementation, Public sector, SDR, Securities, Stand-by credit, Total of SDR

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/137
Stock No:

1TUREA0022001
ISBN:

9781451838060
ISSN:

1934-7685

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