Turkey Aims to Boost Reserves, Tighten Policy as Growth Slows - IMF
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Treasury and Finance Minister Simsek vowed to build up Turkey's currency reserves.
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IMF forecast slower growth and narrower current-account deficit for Turkey in 2024 as it tightens monetary policy.
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IMF welcomed Turkey's policy shift towards tightening monetary policy and less accommodative overall policy.
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IMF projects Turkey's growth to slow to 3.25% in 2024 from 4% in 2023.
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IMF says Turkey should prioritize disinflation, continue financial regulation reforms, and contain fiscal deficit.