Turkey’s new economy team wins over foreign investors
Turkey’s economy czar and central bank chief have met with foreign investors amid a fresh push to draw foreign funds.
ANKARA — Turkey’s Finance Minister Mehmet Simsek and Central Bank Governor Gaye Erkan held their first international investors meeting on Friday.
Simsek and Erkan addressed investors in the Turkey Economic Forum organized by JP Morgan that brought together 50 foreign companies, Turkey's HaberTurk TV reported. The duo also held separate meetings with international companies including JP Morgan, Singapore Wealth Fund and Franklin Templeton, according to Turkey’s public broadcaster TRT.
The meetings come as part of a fresh push led by Simsek to draw foreign funds to the country as the Turkish government grapples with a foreign currency crunch.
Simsek and Erkan were appointed to their posts following Turkish President Recep Tayyip Erdogan’s reelection in May. With them at the helm, Ankara has steered its economic policy back toward rational ground after two years of unconventional monetary policies.
