IMF Staff Country Reports

Turkey: Request for Stand-By Arrangement-Staff Report; Staff Supplement and Staff Statement; and Press Release on the Executive Board Discussion

Publication Date:

July 5, 2002

Electronic Access:

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Summary:

This paper examines Turkey’s Request for a Stand-By Arrangement (SBA). The program contains several measures to free up the growth potential of Turkey’s private sector. The program rightly addresses key obstacles to domestic and foreign private investment. Although the program faces real risks, Turkey’s policy record under the May 2001 program increases the likelihood of the new program being implemented as planned and achieving its key objectives. The IMF staff recommends the approval of the proposed SBA.

Series:

Country Report No. 2002/136

Subject:

Banking Commercial banks Economic sectors External debt Financial institutions Inflation Monetary base Prices Public debt Public sector