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 Arrangementâ€”Staff Report; and Press Release on the Executive Board Discussion

This paper examines Turkeyâ€™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.

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Year of publication:	2004-07-29
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Announcements \| Performance criteria waivers \| Phasing of purchases \| Staff Reports \| Stand-by arrangement extension \| banking \| external debt \| central bank \| current account \| foreign exchange \| public debt \| banking system \| state enterprise \| banking sector \| debt sustainability \| repayments \| debt burden \| current account deficit \| debt service \| current account balance \| external financing \| capital adequacy \| capital adequacy ratio \| short-term debt \| debt ratio \| private banks \| fiscal gap \| balance of payments \| long-term debt \| external public debt \| external borrowing \| banking sector reform \| reserve requirement \| external debt sustainability \| repurchases \| debt stock \| debt management \| net debt \| international reserve \| deposit insurance \| recapitalization \| external debt service \| debt ratios \| banking reform \| bank owners \| public sector debt \| stock of debt \| bank recapitalization \| private bank \| bank balance sheet \| total external debt \| reserve assets \| debt dynamics \| foreign asset \| macroeconomic stabilization \| external shock \| government debt \| domestic currency \| external loans \| currency debt \| foreign currency debt \| bank reform \| level playing field \| net external debt \| macroeconomic stability \| reserve accumulation \| loan disbursements \| debtor country \| decentralization \| bankruptcy law \| deposit guarantee \| external liquidity \| bank lending \| domestic debt management \| debt monitoring \| bank collaboration \| bank staff \| external debt financing \| bank supervision \| bank involvement \| bank teams \| bank deposits \| banking crisis \| bank liabilities \| general resources account \| areas of debt management \| bank owner \| banknote \| bank assistance \| credit tranche \| domestic debt \| decentralization process \| disintermediation \| public sector management \| current account deficits \| banking costs \| capital expenditure \| bank notes \| bank regulation \| revenue sharing \| debt outstanding \| debt management policies \| external payments \| public sector borrowing \| state bank \| bank relations \| private banking \| market debt \| foreign currency deposit \| public finance \| banking system profitability \| liability management \| foreign debt \| banks ? balance sheets \| debt sustainability analysis \| banking legislation

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 04/227 9 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005768511