IMF, World Bank Urge Türkiye to Deepen Economic Reforms

Senior officials from the IMF and World Bank praised Türkiye's economic progress while calling for additional reforms, speaking in Istanbul after the third meeting of Türkiye's Investment Advisory Council.

IMF First Deputy Managing Director Anne Krueger highlighted that Türkiye's economy expanded 7.5 percent last year while inflation fell to 8 percent, crediting fiscal and monetary policy changes for strengthening the country's growth potential and its ability to withstand external pressures.

Krueger said the tax system still needed improvement and warned against extending tax exemptions to specific sectors.

World Bank Vice-President Shigeo Katsu acknowledged that Türkiye had shown considerable ability to draw in foreign direct investment, but said the country should do more to clear away barriers that discourage investors. He also called for stronger efforts in education and vocational training.

Historical summary. TurkishPress restated this wire report, first published in June 2006, in its own words.