Turkey: Request for Stand-By Arrangement-Staff Report; Staff Supplement and Staff Statement; and Press Release on the Executive Board Discussion
July 5, 2002
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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.
Subject: Banking, Commercial banks, Economic sectors, External debt, Financial institutions, Inflation, Monetary base, Prices, Public debt, Public sector
Keywords: bank, banking reform, Commercial banks, CR, credit, floating exchange rate regime, Global, Inflation, ISCR, Public sector, SDIF bank, SDR, stand-by credit, state bank, targeted disinflation
Pages:
148
Volume:
2002
DOI:
Issue:
136
Series:
Country Report No. 2002/136
Stock No:
1TUREA0032002
ISBN:
9781451838091
ISSN:
1934-7685
