Turkey: Request for Stand-By Arrangement-Staff Report; Staff Supplement and Staff Statement; and Press Release on the Executive Board Discussion
IMF Staff Country Reports, July 5, 2002
Source details
- Canonical URL
- Turkey: Request for Stand-By Arrangement-Staff Report; Staff Supplement and Staff Statement; and Press Release on the Executive Board Discussion
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Bibliographic details
- Authors: Arrangement-Staff Report
- Published: July 5, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451838091.002
Executive summary
- This paper examines Turkey’s Request for a Stand-By Arrangement (SBA).
- The program contains several measures to free up the growth potential of Turkey’s private sector.
- The program rightly addresses key obstacles to domestic and foreign private investment.
- Although the program faces real risks, Turkey’s policy record under the May 2001 program increases the likelihood of the new program being implemented as planned and achieving its key objectives.
- The IMF staff recommends the approval of the proposed SBA.
Key findings and analysis
- The program focuses on measures to free up private sector growth potential.
- It addresses key obstacles to domestic and foreign private investment.
- Turkey’s policy record under the May 2001 program is cited as increasing the likelihood of successful implementation of the new program.
- The program faces real risks (unspecified in this overview).
Policy recommendations
- IMF staff recommends approval of the proposed Stand-By Arrangement (SBA).
Subjects and keywords (as listed)
- Subjects: Banking, Commercial banks, Economic sectors, External debt, Financial institutions, Inflation, Monetary base, Prices, Public debt, Public sector
- Keywords: bank, banking reform, Commercial banks, CR, credit, floating exchange rate regime, Global, Inflation, ISCR, Public sector, SDIF bank, SDR, stand-by credit, state bank, targeted disinflation