Turkey ‘highly vulnerable’ to liquidity pinch, says leading credit agency

Turkey, Tunisia and other countries in the Middle East could face liquidity challenges amid rising interest rates worldwide.
Turkey economy
People queue to buy olive oil, which is sold cheaply by the Agricultural Products Office, in Ankara on Feb. 17, 2022. Turkey's central bank kept its main interest rate steady again as the country faces soaring inflation that has put pressure on households and President Recep Tayyip Erdogan's government. - ADEM ALTAN/AFP via Getty Images
AdamLucente.jpg
Adam Lucente
@Adam_Lucente

Turkey, Tunisia and other countries in the Middle East and North Africa are at risk of liquidity challenges due to tightening monetary conditions worldwide, according to S&P Global.

The New York-based credit rating agency released a report Monday identifying five emerging markets as especially susceptible to external funding stress: Turkey, Qatar, Tunisia, Egypt and Indonesia. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.

Videos

See more