Turks are in favor of amending the country’s constitution, unofficial results of a referendum on a set of 26 constitutional amendments has shown, according to The Wall Street Journal. The apparent support for the constitutional reforms is expected to boost the campaign of current Prime Minister Recep Tayyip Erdogan and his government ahead of national elections in 2011, WSJ notes. The amendments, which include reforms in Turkey’s judicial sector, were well-received by members of the international community, the newspaper adds, but domestic critics have expressed concern that the changes will remove checks and balances in the Turkish govenrment.

On the economic scene, Turkey was criticized by the International Monetary Fund for deciding against implementing fiscal rules that would limit government spending. IMF said that “with the delay in legislating the fiscal rule, a crucial anchor for fiscal policy and expectation is missing,” the Financial Times says. IMF added that failure to pass the fiscal rule would risk damaging the credibility of Turkish authorities to exercise fiscal discipline.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.