The fiscal and monetary policies implemented between 2002 and 2007 yielded very impressive results. Although the Turkish economy suffered from very serious (cumulative) economic problems in the past, it is now on the brink of attaining economic stability & sustainable growth and disinflation.

The policies in question were based on three key policies:

a) Structural reforms (Public sector reform, financial sector reform, and enhancing the role of private sector)

b) Fiscal policy (Significant primary surplus, increased credibility, and improved debt management)

c) Monetary policy (Independence of the Central Bank, inflation targeting, and floating exchange rate regime)