Republic of Türkiye

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Resident Representative for Republic of Türkiye

Azim Sadikov

Senior Resident Representative

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Email: smenguc@imf.org
Tel: +903 12 446 5007

Azim Sadikov, Senior Resident Representative: Azim Sadikov took up the role of Senior Resident Representative in Turkey in January 2022. Mr. Sadikov has broad experience in country and policy work at the IMF, spanning emerging, low-income, and transition economy issues. His professional/research interests include external adjustment, trade and capital flows, spillovers, and debt. Prior to his current position, Mr. Sadikov served as IMF Mission Chief for Afghanistan and Kuwait, Assistant to the Director of the Middle East and Central Asia department, and IMF Resident Representative in Georgia. Mr. Sadikov holds a Ph.D. in Economics from the University of Colorado at Boulder.

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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.

Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country authorities.

The Financial Sector Assessment Program (FSAP), established in 1999, is a comprehensive and in-depth assessment of a country’s financial sector. The key findings of an FSAP are summarized in a report called the Financial System Stability Assessment (FSSA), which is discussed by the IMF Executive Board.

The authorities need more time to consider the publication of the Article IV staff report, the Financial System Stability Assessment, and the related press release.