Turkey: 2004 Article IV Consultation and Eighth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion—Staff Reports; Staff Supplement; Public Information Notice and Press Release of the Executive Board Discussion; and Statement by the Executive Director for Turkey
May 19, 2005
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This paper examines Turkey’s 2004 Article IV Consultation and Eighth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion. Economic performance over the last three years has been impressive. For the medium term, the main challenge is to implement policies that achieve the goals of sustained growth and low inflation. The authorities need to take steps to encourage foreign direct investment, to make good on their plans for privatization, and to reform the judicial system to facilitate the functioning of Turkey’s market economy.
Subject: Balance of payments, Banking, Current account deficits, Exchange rates, External debt, Fiscal policy, Foreign exchange, Monetary base, Public debt
Keywords: commendable conduct, CR, current account, Current account deficits, deficit, end-April performance criterion, Exchange rates, executive board discussion, Global, government debt ratio, ISCR, June inflation datum, Middle East, widening current account deficit
Pages:
142
Volume:
2005
DOI:
Issue:
163
Series:
Country Report No. 2005/163
Stock No:
1TUREA2005001
ISBN:
9781451838145
ISSN:
1934-7685
