The momentum in economic reform and disinflation has been maintained by Turkey under the Stand-By Arrangement (SBA). Executive Directors commended the financial sector reform, the achievements in restructuring the economy and improving its economic fundamentals, and emphasized the need to...

This paper discusses the first Report on Observance of Standards and Codes (ROSC) for Italy. IMF staff reviewed developments in Italy's observance of fiscal transparency practices, with a view to updating changes in current practices, reviewing progress in implementing the initial ROSC's...

Turkey showed good macroeconomic performance under the Stand-By Arrangement. Executive Directors stressed the need to maintain strong fiscal and monetary policies, and accelerate structural reforms. They appreciated the authority's efforts to reestablish the fiscal solvency and the adoption of...

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...

This Report on the Observance of Standards and Codes provides a review of Turkey’s data dissemination practices against the IMF’s Special Data Dissemination Standard (SDDS) complemented by an in-depth assessment of the quality of the national accounts, consumer and producer price indices,...

This paper examines Turkey’s Third Review Under the Stand-By Arrangement (SBA). The Turkish authorities’ perseverance with their economic program started to yield major gains in the first part of 2002. Through April 2002, the program outperformed expectations. With strong policy...

Turkey is an important producer and exporter of agricultural commodities on world markets and is estimated to be the world’s 7th-largest agricultural producer. Although the economic importance of agricultural sector relative to the industrial and service sectors has been declining, agriculture...

Purpose - This paper aims to develop a ranking methodology for the companies included in the Islamic indices in Turkey. Thus, this paper simplifies the decision-making process for investors with Islamic sensitivities to stock market investment when constructing their investment portfolio....