"Economy Statements of Minister Şimşek in Washington"

The Minister of Treasury and Finance Mehmet Şimşek made important statements during his visit to Washington to attend the G20, IMF, and World Bank annual meetings. He shared valuable insights regarding the current state and future of the Turkish economy at this significant panel.

Minister Şimşek emphasized the importance of steps taken in line with Turkey's growth targets, as well as increasing the competitiveness of the Turkish economy in international markets. He stated that Turkey needs to become an attractive center for both local and foreign investors.

Highlighting that combating inflation and maintaining fiscal discipline are crucial for the sustainability of economic growth, Şimşek expressed the government's determination on this issue. He also mentioned that Turkey is reassessing its international borrowing strategy and how critical this is for economic stability.

There was a consensus at the panel on the need for Turkey to accelerate its economic reforms. The Minister pointed out the importance of necessary structural reforms to increase productivity, stating that these reforms will be implemented with the support not only of state power but also of entrepreneurs in the private sector.

Another topic was Turkey's responsibility in combating climate change. Şimşek stated that economic growth must be in harmony with environmental sustainability, and that Turkey would fulfill its obligations through international collaborations in this regard.

The Minister also emphasized that high technology and innovative initiatives will play a significant role in the future of the Turkish economy. In this context, he drew attention to the necessity of increasing investments in education and R&D. He underlined the importance of developing new financial instruments and accelerating digital transformation processes.

Finally, Minister Şimşek made significant assessments regarding Turkey's place in the international financial system, its business capability, and its strategic importance in international relations. Emphasis was placed on the necessity of steps taken to establish a more solid economic outlook for Turkey in line with the targets set for 2024.