Cover IMF Staff Country Reports
Buy Book in Print
Turkey: Seventh Review and Inflation Consultation Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Turkey.
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 272
Language:
English
Publication Date:
07 Aug 2008
DOI:
https://doi.org/10.5089/9781451838244.002
ISBN:
9781451838244
ISSN:
1934-7685
Pages:
114
Keywords:
ISCR; CR; holding; inflation consultation clause; hike; IMF staff calculation; April data; midpoint inflation; central bank analysis; EU accession negotiations; inflation report; Inflation; Public sector; Fiscal stance; Global
Download PDF (3.1 MB) Download Epub
This paper discusses key findings of the Seventh Review and Inflation Consultation Under the Stand-By Arrangement for Turkey. Macroeconomic developments have become less favorable since the last review in May 2007. Political developments have distracted attention from an ambitious economic agenda. As a result, performance under the IMF-supported program suffered, with fiscal policy imparting an unplanned stimulus in 2007 and structural reforms meeting with delays. IMF staff welcomes the adoption of a medium-term fiscal framework to guide future policy, and encourages the authorities to strengthen its institutional underpinnings.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund