Even if they increased the interest rates, they would still have substantial inflation.
Truth to be told I don’t think such third world economies can ever recover. It is too late for the patient.
Turkey is also a NATO member and occupies strategic territory. It will not die on the vine and wither away in silence.
They wasted demographic dividends, and they don't have enough natural resources to make up for it (but they have some). They didn't fucked up as much as Liban did, so they have that going for them.
The only non western country to succeed their demographic transitions without abundant natural resources is Cuba, but imho that was thanks to the USSR.