IB.docx - Nurul Izatti Binti Rusman B061610343 Turkey...

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Nurul Izatti Binti Rusman B061610343 Turkey Questions 1 The role of IMF is to supports many developing nations by helping them overcome monetary challenges and to maintain a stable international financial system. Regardless of this clearly show the purpose, the execution of its work can be very complicated and can have bigger implications for the recipient nations. Consequently, the IMF has both its critics and its supporters. Question 2 Turkey is a fascinating case study as it is one of the most widespread economies in the global economy, with an annual contraction of 15 percent in the first quarter of 2009. At the same time, expecting the collapse of the Crisis, the National Bank of the Republic of Turkey (CBRT) lowering the policy rate by 1025 basis points during the period November 2008 to November 2009. 1. Conditions for loans. The IMF makes the loan given to countries conditional on the implementation of certain economic policies.
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