Turkey : Seventh Review and Inflation Consultation Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Turkey.

Author/Editor:

International Monetary Fund

Publication Date:

August 7, 2008

Electronic Access:

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Summary:

This paper discusses key findings of the Seventh Review and Inflation Consultation Under the Stand-By Arrangement for Turkey. Macroeconomic developments have become less favorable since the last review in May 2007. Political developments have distracted attention from an ambitious economic agenda. As a result, performance under the IMF-supported program suffered, with fiscal policy imparting an unplanned stimulus in 2007 and structural reforms meeting with delays. IMF staff welcomes the adoption of a medium-term fiscal framework to guide future policy, and encourages the authorities to strengthen its institutional underpinnings.

Series:

Country Report No. 08/272

Subject:

English

Publication Date:

August 7, 2008

ISBN/ISSN:

9781451838244/1934-7685

Stock No:

1TUREA2008001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

114

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