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 Türkiye's strong performance, noting that the economy expanded 7.5 percent and inflation fell to 8 percent in the previous year. She credited fiscal and monetary policies with driving a significant transformation and said completed reforms had also made the country more resilient to external pressures.

Krueger urged Türkiye to improve the efficiency of its tax system and cautioned against extending tax exemptions to specific sectors.

World Bank Vice-President Shigeo Katsu acknowledged Türkiye's success in drawing foreign direct investment but said the country needed to do more to clear away barriers that discourage investors. He also called for greater progress in education and vocational training.

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