Skip to main content

Ankara shifts public assets to sovereign wealth fund

In a move critics say is financially risky and intended to concentrate money into corrupt hands, the Turkish government has created a sovereign wealth fund to finance its infrastructural projects as the lira falls.

Turkey's Finance Minister Naci Agbal speaks during an interview with Reuters in Ankara, Turkey, September 27, 2016. Picture taken September 27, 2016. REUTERS/Umit Bektas - RTSPSH4
Turkey's Finance Minister Naci Agbal speaks during an interview in Ankara, Sept. 27, 2016. — REUTERS/Umit Bektas

Subscribe for unlimited access

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more

$14 monthly or $100 annually ($8.33/month)
OR

Continue reading this article for free

Access 1 free article per month when you sign up. Learn more.

By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in