Turkey: Seventh Review Under the Stand-By Arrangement, and Requests for Waiver of Applicability and Nonobservance of Performance Criteria, Rephasing of Purchases, and Extension of Arrangement—Staff Report; and Press Release on the Executive Board Discussion

July 29, 2004

Preview Citation

Format: Chicago

Turkey: Seventh Review Under the Stand-By Arrangement, and Requests for Waiver of Applicability and Nonobservance of Performance Criteria, Rephasing of Purchases, and Extension of Arrangement—Staff Report; and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2004) accessed September 18, 2024

Summary

This paper examines Turkey’s Seventh Review Under the Stand-By Arrangement, and Requests for Waiver of Applicability and Nonobservance of Performance Criteria. Successful macroeconomic management delivered an impressive economic performance in 2003. However, budget slippages interrupted this success, delaying the completion of the Seventh Review. The challenge in the final year of the program is to maintain macroeconomic policies firmly on track and to move decisively on a comprehensive program of structural reforms to safeguard and advance the recent achievements.

Subject: Banking, Economic sectors, Foreign exchange, Inflation, Minimum wages, Monetary base, Money, Prices, Public debt, Public sector

Keywords: Authority, CR, Disbursement of an amount equivalent, Europe, Executive board discussion, Global, Inflation, ISCR, March outturn, Monetary base, Public sector, Reform agenda, SDR, Target, Turkish lira

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/227
Stock No:

1TUREA0012004
ISBN:

9781451838053
ISSN:

1934-7685

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