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Turkey: 2004 Article IV Consultation and Eighth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion—Staff Reports; Staff Supplement; Public Information Notice and Press Release of the Executive Board Discussion; and Statement by the Executive Director for Turkey
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 163
Language:
English
Publication Date:
19 May 2005
DOI:
https://doi.org/10.5089/9781451838145.002
ISBN:
9781451838145
ISSN:
1934-7685
Pages:
142
Keywords:
ISCR; CR; deficit; current account; June inflation datum; widening current account deficit; government debt ratio; end-April performance criterion; commendable conduct; executive board discussion; Current account deficits; Exchange rates; Middle East; Global
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This paper examines Turkey’s 2004 Article IV Consultation and Eighth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion. Economic performance over the last three years has been impressive. For the medium term, the main challenge is to implement policies that achieve the goals of sustained growth and low inflation. The authorities need to take steps to encourage foreign direct investment, to make good on their plans for privatization, and to reform the judicial system to facilitate the functioning of Turkey’s market economy.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund