This web page presents information about the work of the IMF in the Republic of Türkiye, including the activities of the IMF Resident Representative Office. Additional information can be found on the Republic of Türkiye and IMF country page, including IMF reports and Executive Board documents that deal with the Republic of Türkiye.

Republic of Türkiye and the IMF Country Page

Back to Top

Our Office

The IMF opened its office in Ankara in 2000. The office follows economic developments and policies in the Republic of Türkiye, liaises between the Turkish authorities and the IMF staff in Washington, and coordinates IMF technical assistance. It is also a source of information about IMF views for the public, local and foreign analysts, investors, academic and research institutions, and Republic of Türkiye's international partners and their diplomatic missions.

Back to Top

At a Glance : Republic of Türkiye's Relations with the IMF

Back to Top

News and Highlights

More

Back to Top

Republic of Türkiye and the IMF

  • IMF Staff Concludes Staff Visit to Türkiye

    October 6, 2023

    “Despite the tragic earthquakes in February, growth has remained resilient and should reach 4.0 percent this year. With policies turning appropriately less accommodative, growth is projected at 3¼ percent in 2024 while inflation is forecast to fall to 46 percent at end-2024 from 69 percent at end-2023 as exchange rate pressures ease but backward-looking wage increases and expectations remain. As confidence builds, the demand for gold is expected to decline, thus reducing the external current account deficit (3.1 percent of GDP in 2024 versus 4.1 in 2023). This, together with better prospects for inflows including from official sources, should reduce pressure on reserves. Gross reserves reached $122.5 billion at end-September, but net of on- and off-balance sheet short-term liabilities remain negative.

  • On January 18, 2023, the IMF Executive Board Concluded the 2022 Article IV Consultation with the Republic of Türkiye

    August 18, 2023

    Türkiye made impressive economic gains over the past two decades. In the early 2000s, broad-based macroeconomic and structural reforms supported income catch-up towards advanced economies, poverty reduction, and marked disinflation. This moved Türkiye firmly into the upper middle-income bracket, while lifting nearly 30 percent of the population out of poverty. In recent years, however, as reforms waned, productivity gains slowed, and growth became increasingly dependent on externally-funded credit and demand stimulus. The newly-adopted Türkiye Economic Model—comprising low interest rates as well as a complex set of regulatory measures to direct credit to selected sectors and promote greater use of the lira in the economy—has exacerbated vulnerabilities.

  • IMF Executive Board Concludes 2022 Article IV Consultation with Türkiye

    February 15, 2023

    On January 18, 2023, the Executive Board of the International Monetary Fund concluded the consideration of the 2022 Article IV Consultation and the Financial Sector Stability Assessment with the Republic of Türkiye.

  • Republic of Türkiye: 2022 Article IV Consultation-Press Release; and Staff Report

    January 18, 2023

    Series:Country Report No. 2023/303

  • Republic of Türkiye: Financial System Stability Assessment

    January 18, 2023

    Series:Country Report No. 2023/304

More

Back to Top

IMF Key Factsheets

The IMF at a Glance

Bir Bakışta IMF

The IMF and the World Bank

IMF ve Dünya Bankası

How the IMF Makes Decisions

IMF Kararlarını Nasıl Alıyor

Where the IMF Gets Its Money?

IMF Kaynaklarını Nereden Temin Ediyor

The G20 Mutual Assessment Program

G20 Karşılıklı Değerlendirme Süreci (MAP)

IMF Surveillance

IMF Gözetimi

IMF Lending

IMF Kredileri

IMF Capacity Development

IMF’nin Kapasite Geliştirme Faaliyetleri

Regional Economic Outlook Europe

April 19, 2024

Soft Landing in Crosswinds for a Lasting Recovery

A soft landing for Europe’s economies is within reach. Securing the baseline of growth with price stability will require careful monetary policy calibration. Faster fiscal consolidation would ensure buffers are adequate to tackle future shocks, while structural fiscal reforms would help address mounting long-term expenditure pressures. Beyond the near-term recovery, raising potential growth prospects calls for efforts at both the domestic and European levels. Measures should aim to raise labor force participation, prepare the workforce for looming structural shifts, set an enabling environment for private investment, and promote innovation on a level European playing field—especially when it comes to the green transition, including through a strong commitment to carbon pricing. Greater European integration would amplify the effect of these reforms. Formulating an ambitious set of growth-enhancing reforms should be a key priority of a new EU commission.
Read the Report

Back to Top

Useful Links and Archive

Ministries

Data Sources

Turkish News Sites