Turkey's Growth and Financial Liberalization (2002–2013)

1. IMF approves major stand-by for 2002–2004

   Feb 4, 2002Labels: IMF, Stand-By Arrangement, Turkey

   • IMF PR02 7

2. AKP wins parliamentary election amid crisis aftermath

   Nov 3, 2002Labels: Justice and, Parliament

   • IFES Guide
   • IMF PR02 7

3. Erdoğan forms government after becoming MP

   Mar 14, 2003Labels: Recep Tayyip, Turkish government

   • Erdo an Premiership
   • AP Key dates

4. Foreign Direct Investment Law modernizes investor rules

   Jun 5, 2003Labels: Foreign Direct, Turkey

   • UNCTAD Law 4875

5. EU sets date to open accession negotiations

   Dec 16, 2004Labels: European Union, Accession negotiations

   • EUR Lex Summary
   • ECA Turkey SR

6. Six zeros removed; New Turkish lira launched

   Jan 1, 2005Labels: New Turkish, Currency reform

   • CBRT Speech
   • CBRT Framework

7. EU accession negotiations formally open

   Oct 3, 2005Labels: EU accession, Turkey

   • EUR Lex Summary
   • ECA Turkey SR

8. New Banking Act strengthens regulation and supervision

   Nov 1, 2005Labels: Banking Act, Banking regulation

   • Mondaq Memo
   • OECD Crisis Paper

9. Central bank adopts explicit inflation targeting

   Jan 1, 2006Labels: Central Bank, Inflation targeting

   • CBRT Framework

10. IMF completes final review of 2005–2008 program

    May 9, 2008Labels: IMF, Stand-By Arrangement

    • IMF PR08 106

11. Global financial crisis triggers sharp 2008–2009 downturn

    Jan 1, 2009Labels: Global financial, Turkey

    • OECD Crisis Paper

12. Constitutional referendum passes, reshaping institutions

    Sep 12, 2010Labels: Constitutional referendum, Judiciary

    • BBC via Wiki
    • AA Archive

13. Turkey pays off remaining IMF debt

    May 14, 2013Labels: Turkey, IMF debt

    • AA Report
    • Foreign Policy

14. Gezi Park protests erupt amid political-economic tensions

    May 28, 2013Labels: Gezi Park, Protests

    • Gezi Protests
    • AP Key dates