Turkey

Turkey has a long history with the IMF, having participated in numerous programs since the 1950s. The 2000-2001 financial crisis required a massive $19 billion IMF rescue package. Turkey successfully repaid all IMF debt by 2013. However, persistent inflationary pressures and Turkish lira volatility have raised questions about economic stability. Turkey's SDR position has improved markedly since becoming an IMF creditor, though reserve management remains challenging.

Current Allocation

SDR 4.7B

2026

Current Holdings

SDR 4.2B

-9.8% vs allocation

IMF Quota Share

0.98%

SDR 4.7B quota

Allocation Growth

+10734%

Since 1970

Initial SDR Allocation

First Allocation Year

1970

Initial SDR Allocation

SDR 43M

Initial Quota Share

1.13%

SDR Allocation & Holdings Over Time

Allocation

Holdings

IMF Quota Share Evolution (%)

Decade-by-Decade SDR Status

Year	Allocation (M SDR)	Holdings (M SDR)	Quota Share	Net Position	Note
1970	43	43	1.13%	+0	—
1981	250	220	1.02%	-30	—
1991	429	380	0.97%	-49	Multiple IMF programs during 1980s-90s
2001	964	500	0.45%	-464	Severe 2001 banking crisis; large IMF program
2011	2,068	2,100	0.96%	+32	Repaid IMF; strong growth period
2021	4,659	4,400	0.98%	-259	2021 allocation
2026Current	4,659	4,200	0.98%	-459	Current status; lira volatility ongoing

2026 — Current SDR Status

Total Allocation

SDR 4,659M

Current Holdings

SDR 4,200M

IMF Quota (SDR)

SDR 4,659M

Status

▼ Net Borrower (-9.8%)