## IMF Executive Board Concludes 2022 Article IV Consultation with Türkiye

_IMF News, February 15, 2023_

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## Bibliographic details
- Published: February 15, 2023

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### Board action and administrative details
- The Executive Board concluded the consideration of the 2022 Article IV Consultation and the Financial Sector Stability Assessment with the Republic of Türkiye on January 18, 2023.
- Press Release No. 23/42.
- Publication date on page: February 15, 2023.
- IMF Communications Department — MEDIA RELATIONS. PRESS OFFICER: Camila Perez. Phone: +1 202 623-7100 Email: MEDIA@IMF.org. @IMFSpokesperson
- Email notification sign-up and profile modification options are noted on the page.

### Purpose and mandate of Article IV consultations
- 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.

### Typical Article IV process as described
- 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.

### Financial Sector Assessment Program (FSAP) and FSSA
- 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.

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## References

- [https://www.imf.org/-/media/images/imf/bios/imfboard.jpg](https://www.imf.org/-/media/images/imf/bios/imfboard.jpg)
- [The Executive Board](https://www.imf.org/external/np/sec/memdir/eds.aspx)
- [Republic of Türkiye and the IMF](http://www.imf.org/external/country/TUR/index.htm)
- [IMF Policy Advice -- A Factsheet](https://www.imf.org/en/about/factsheets/imf-surveillance)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2023/02/15/pr2342-turkiye-imf-executive-board-concludes-2022-article-iv-consultation_