Turkey has made enormous progress toward achieving macroeconomic stability, which has supported a significant rise in the country's per capita income.

Turkey has significantly strengthened its economic institutions and enhanced buffers in the public and private sectors' balance sheets, which have contributed importantly to Turkey's financial markets’ resilience in the face of the ongoing global crisis.

The IMF has supported the government's reform efforts during this period through three stand-by arrangements (SBA) propped up by large financial resources, the last of which—a 3-year SBA launched in May 2005—was successfully completed on May 9, 2008. Discussions are currently ongoing regarding the possibility of a new SBA to help Turkey recover from the ongoing crisis and further strengthen its resilience to shocks.

The IMF has also provided technical assistance in the areas of tax policy and administration, expenditure policy, cash management, monetary policy, and financial regulation/supervision.

Hossein Samiei, is the Senior Resident Representative. Prior to moving to the IMF in October, 1992, he worked at the University of Cambridge (where he also obtained his PhD). At the IMF he has had a diversified experience, ranging from working on the United Kingdom and leading missions to Albania and Latvia (in the European Department) to heading the Energy and Commodities Surveillance Unit (in the Research Department). He has academic publications in the areas of non-linear econometrics, exchange rates, oil markets, North-South trade, and savings.

Davide Lombardo, is the Deputy Resident Representative. At the IMF since 2001, Davide worked on several other emerging market countries (e.g., Argentina, Uruguay, Paraguay, Hungary), as well as low-income countries (Malawi) before moving to Ankara and taking up his current duties in August 2007. He holds a Ph.D. in economics from Stanford University.