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

December 2, 2002

Preview Citation

Format: Chicago

Turkey: Third Review Under the Stand-By Arrangement-Staff Report; Staff Statement; and News Brief on the Executive Board Discussion, (USA: International Monetary Fund, 2002) accessed November 22, 2024

Summary

This paper examines Turkey’s Third Review Under the Stand-By Arrangement (SBA). The Turkish authorities’ perseverance with their economic program started to yield major gains in the first part of 2002. Through April 2002, the program outperformed expectations. With strong policy implementation, economic and financial indicators outperformed financial market expectations and program projections. In light of continued strong program implementation, the positive economic results achieved so far, and the broad-based support in Turkey to stay the course with the program strategy, the IMF staff recommends the completion of the third review.

Subject: Banking, Central banks, Economic sectors, External debt, International reserves, Monetary base, Money, Public debt, Public sector

Keywords: CR, EU-related legislation, International reserves, ISCR, Legislation, Market development, Monetary base, Parliament, Private bank recapitalization exercise, Public sector, Staff appraisal, State enterprise, State enterprise price, Year inflation target

Publication Details

Pages:

101
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/264
Stock No:

1TUREA0072002
ISBN:

9781451838138
ISSN:

1934-7685

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