Request for Stand-By Arrangement and Extension of Repurchase Expectations April 26, 2005 -- Contents -- I. INTRODUCTION: SUSTAINING AND ADVANCING RECENT GAINS -- II. A FAVORABLE ECONOMIC BACKDROP TO THE NEW PROGRAM -- III. THE AUTHORITIES' THREE-YEAR PROGRAM -- IV. PROGRAM MODALITIES -- V. STAFF APPRAISAL -- APPENDIX I Fund Relations -- APPENDIX II IMF - World Bank Relations -- APPENDIX III Report on Exceptional Access for Request of Stand-by Arrangement -- ATTACHMENT 1 Letter of Intent and Memorandum of Economic and Financial Policies -- ANNEX A Proposed Schedule of Purchases -- ANNEX B Quantitative Performace Criteris and Indicative targets for 2004-05 -- ANNEX C Structural Conditionality 2005 -- ANNEX D Monetary Targets -- ANNEX E Targets for Net International Reserves -- ANNEX F Fiscal Targets -- ANNEX G Program Baseline for Treasury Net Lending -- ANNEX H Short-Term External Debt Ceilings -- ANNEX I Medium- and Long-Term Debt Ceilings -- ANNEX J Program Exchange Rates -- Turkey-Assessment of the Risks to the Fund and the Fund's Liquidity Position -- Requests for Stand-By Arrangement and Extension of Repurchase Expectations May 6, 2005 -- IMF Executive Board Approves US10 Billion Stand-By Arrangement for Turkey -- Statement by Willy Kiekens, Executive Director for Turkey and Levent Veziroglu, Senior Advisor to Executive Director May 11, 2005.