5/3/2021

Turkey Outpaces G20 in Liquidity Support amid COVID-19 Pandemic

​Turkey becomes the country that provided the highest liquidity support compared to its GDP among the developing economies of the G20 during the COVID-19 epidemic, the IMF Fiscal Monitoring Report releases.

As part of its supports and incentives to reduce the economic impact of the pandemic, Turkey used strategies such as loan deferrals, cash support, facilitating loans with low-interest rate, and policy risk adjustments.

According to IMF's April report, Turkey takes the lead among G-20 emerging markets with liquidity supports as percentage of GDP ratio reaching 9.4 percent.

Brazil followed Turkey with 6.2 percent, India with 5.1 percent and S.Africa with 4.1 percent.​​

liquidity support; GDP; IMF