Turkey: Request for Stand-By Arrangement and Extension of Repurchase Expectations: Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Turkey
November 17, 2005
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This paper discusses Turkey’s Request for Stand-By Arrangement (SBA) and Extension of Repurchase Expectations. Turkey’s economic program has delivered impressive results. Output has grown rapidly, inflation has fallen to its lowest level in a generation, and government debt has declined markedly. However, significant vulnerabilities remain. The authorities have prepared a three-year economic program for which they are seeking the support of the IMF. Implemented successfully, the program should help Turkey converge toward the economies of the European Union and exit successfully from IMF financial support.
Subject: Balance of payments, Banking, Current account deficits, Economic sectors, External debt, Inflation, Prices, Public debt, Public sector
Keywords: asset recovery effort, car import, CR, Current account deficits, deficit, Fund credit, Global, import growth, Inflation, ISCR, Public sector, repurchase expectation, SDR, Stand-By Arrangement, tax administration reform bill, Turkey
Pages:
141
Volume:
2005
DOI:
Issue:
412
Series:
Country Report No. 2005/412
Stock No:
1TUREA2005002
ISBN:
9781451838152
ISSN:
1934-7685
