How well has poverty reduction policy in Turkey succeeded Essay

How well has poverty reduction policy in Turkey succeeded - Essay Example Attacking poverty had been one of the main aims in the world in recent times and Turkey had been no exception. It is important to know more about the programme and assess how well Public economic management in Turkey is progressing. No doubt, poverty reduction cannot be done in a few years, or as a result of a few policies. This has to be based on a very sound continuous economic programmes and right directions. All over the world, there are many impediments in the way of poverty eradication. In the world of globalization, economic change also depends on many other world problems and economic fluctuations. Hence, expecting an overnight result cannot be exactly practical. In the Press Release No. 39, September 19-20, 2006, Ali Babacan, Governor of the IMF for Turkey, said in the 2006 Annual Meetings of Board of Governors held at Singapore held: â€Å"Inflation is likely to exceed the 2006 target mainly because of adverse energy and commodity price developments. However, it is expected that, in the medium term, it will converge to our target. Current account deficit has widened on account of rising cost of energy imports and accelerating investments whereas the composition of the financing significantly improved by the increasing long term capital inflows† http://www.imf.org/external/am/2006/speeches/pr39e.pdf Turkish economy has undergone a series of changes with the tightening of the fiscal policy and central banking. This does not mean that Turkish economy does not have any worth-mentioning growth. It is considered to be one of the fastest growing economies, in spite of many connected cultural, social and economic problems.