Turkey: First and Second Reviews Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criteria and Rephasing of Purchases: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statemen

First and Second Reviews Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criteria and Rephasing of Purchases: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Turkey

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 268

Publication date: July 2006

ISBN: 9781451838176

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , inflation data , debt management strategy , deficit , government , state bank privatization , inflation report , draft law , Public sector , Current account deficits , Monetary base , Global

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

Prudent macroeconomic policies helped Turkey to achieve economic growth under the Stand-By Arrangement. Executive Directors welcomed this development and stressed the need to widen the account deficit. They emphasized the need of a strong budget, powerful monetary and fiscal policies, and structural reforms to sustain economic growth and reduce vulnerabilities. They urged to strengthen the banking supervision and international reserves. They welcomed the revised program and agreed that its full implementation would help in sustaining economic growth.