Turkey: Sixth and Seventh Review Under the Stand-By Arrangement; Staff Supplement; and Press Release on the Executive Board Discussion

June 14, 2001

Preview Citation

Format: Chicago

Turkey: Sixth and Seventh Review Under the Stand-By Arrangement; Staff Supplement; and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2001) accessed November 22, 2024

Summary

Turkey showed good macroeconomic performance under the Stand-By Arrangement. Executive Directors stressed the need to maintain strong fiscal and monetary policies, and accelerate structural reforms. They appreciated the authority's efforts to reestablish the fiscal solvency and the adoption of the new central bank law. They agreed that the full implementation of the economic program would help restore macroeconomic stability and address the structural root causes of the country's problems, thereby laying the foundations for the resumption of growth.

Subject: Banking, Commercial banks, Financial services, Foreign currency exposure, Foreign exchange, Inflation, Money, Prices, Public debt, Real interest rates

Keywords: CR, Drawings of SDR, Floating exchange rate framework, Foreign currency exposure, Inflation, Inflation targeting framework, ISCR, Real interest rates, Reform of the banking sector, SDIF bank, SDR, Stand-by credit

Publication Details

Pages:

113
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/089
Stock No:

1TUREA0012001
ISBN:

9781451838022
ISSN:

1934-7685

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