The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
The assessment is a featured report of Turkey's credit boom in the middle of 2011. The country faced the global crisis successfully because of earlier significant capital buffers. Overall, the country was healthy financially, but there was a slowdown in loan growth and market vulnerabilities. This insignificant shudder caused the regime to strengthen the fiscal sector and insurance framework. Despite new macrofinancial risks in domestic and international developments, the Executive Board still considers Turkey a balanced power.