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Turkey: Fifth Review Under the Stand-By Arrangement, Request for Waiver of Performance Criteria and Extension of Repurchase Expectations-Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion

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  • International Monetary Fund

Abstract

Turkey showed strong implementation of macroeconomic policies and economic reforms under the Stand-By Arrangement (SBA). Executive Directors commended the disinflation, debt reduction, and sustained economic growth, and stressed the need to safeguard macroeconomic stability and accelerate structural reforms. They welcomed the European Union-related legislation, and commended The Central Bank of Turkey for its monetary policy and the Banking Regulation and Supervision Agency in its supervision of banks. They agreed that Turkey has successfully completed the fifth review under the SBA, and granted waiver.

Suggested Citation

  • International Monetary Fund, 2003. "Turkey: Fifth Review Under the Stand-By Arrangement, Request for Waiver of Performance Criteria and Extension of Repurchase Expectations-Staff Report; Staff Supplement; and Press Release on the Execut," IMF Staff Country Reports 2003/324, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/324
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