Turkey: First and Second Reviews Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criteria and Rephasing of Purchases: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Turkey
July 21, 2006
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Prudent macroeconomic policies helped Turkey to achieve economic growth under the Stand-By Arrangement. Executive Directors welcomed this development and stressed the need to widen the account deficit. They emphasized the need of a strong budget, powerful monetary and fiscal policies, and structural reforms to sustain economic growth and reduce vulnerabilities. They urged to strengthen the banking supervision and international reserves. They welcomed the revised program and agreed that its full implementation would help in sustaining economic growth.
Subject: Balance of payments, Banking, Current account deficits, Economic sectors, External debt, Foreign exchange, Monetary base, Money, Public sector
Keywords: CR, Current account deficits, debt management strategy, deficit, draft law, Global, government, inflation data, inflation report, ISCR, Monetary base, Public sector, state bank privatization
Pages:
96
Volume:
2006
DOI:
Issue:
268
Series:
Country Report No. 2006/268
Stock No:
1TUREA2006002
ISBN:
9781451838176
ISSN:
1934-7685
