| Table 3. Turkey: Structural Conditionality for 2001 Under Program
Supported by Stand-by Arrangement
and Use of SRF Resources |
| Action |
Date
|
Type
of Action |
Status |
| 1.
Enact new Central Bank Law |
End-April
2001
|
Conditions
for completion of eighth review |
|
| 2.
Publish tender specification and information memorandum for Turk Telecom |
14-Jan-2001
|
Conditions
for completion of fifth review |
Done |
| 3.
Issue final tender documents and invite bids for Turk Telecom privatization |
End-March
2001
|
Performance
criterion |
|
| 4.
Finalize sale of Turkish Airlines |
End-March
2001
|
Benchmark |
|
| 5.
Enact Electricity Markets Law |
End-January
2001
|
Performance
criterion |
Expected
to be done |
| 6.
Enact laws to close 21 budgetary funds and 4 EBFs |
Mid-February
2001
|
Benchmark |
|
| 7.
Close all remaining budgetary funds (except DFIF) and one EBF |
End-May
2001
|
Benchmark |
|
| 8.
Submit to parliament the new Law on Public Finance and Debt Management |
End-June
2001
|
Benchmark |
|
| 9.
Publish public prospectus clarifying the nature and scope of the guarantee
of depositors and other creditors of Turkish banks |
15-Jan-2001
|
Condition
for completion of fifth review |
Done |
| 10.
SDIF will determine which banks it will offer for sale |
20-Jan-2001
|
Prior
action for fifth review |
Done |
| 11.
Provide information on packages of banks to be sold and request bids
(to be received by April 24, 2001) |
20-Feb-2001
|
Prior
action for sixth review |
|
| 12.
Adopt new regulations for internal risk management and adjustment
of capital adequacy requirements to reflect market risks |
End-January
2001
|
Benchmark |
Expected
to be done |
| 13.
Adopt new regulation defining related lending parties |
End-February
2001
|
New
benchmark |
|
| 14.
Adopt regulation for tax deductibility of loan-loss provisioning for
banks |
End-March
2001
|
Benchmark |
|
| 15.
Resolution of transition bank |
End-September
2001
|
Performance
criterion |
|
| 16.
Enactment of the Tobacco Law and transfer of TEKEL to the Privatization's
Authority Portfolio |
End-February
2001
|
New
benchmark |
|
| 17.
Enact regulation to roll out TINs |
End-September
2001
|
New
benchmark |
|
|
|
|
|