Turkey: How To Boost Growth Without Increasing Imbalances

by Isabel Rial, Suchanan Tambunlertchai, and Alexander Tieman

(Version in Türk)

Actual and Current Trend accountTurkey has received well-deserved praise for its growth performance over the last decade. Yet along with this success story has come a steady widening of the current account deficit, projected to come out at 7.4 percent of GDP in 2013. The counterpart of this deficit is a reliance on external financing, much of which is of a short-term nature, highlighting the Turkish economy’s main problem at the moment.

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IMF Opens Up: Partnerships with Donors a Win-Win

Technical assistance in the IMF’s areas of core expertise is not only an important complement to the IMF’s policy advice in many countries but also helps them pursue their broader developmental and poverty reduction strategies by strengthening their capacity in macroeconomic management.

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