Turkish Treasury Minister: Economic Reforms Steadily Advancing Towards Lower Inflation and Stability

During an economic seminar held in Washington, D.C., Turkish Treasury and Finance Minister Mehmet Şimşek affirmed that Turkey’s economic reform program is steadily progressing towards achieving economic stability and reducing inflation to single-digit figures.
Şimşek emphasized Turkey’s commitment to prudent and sustainable economic policies, maintaining fiscal discipline, and reducing energy import dependency through investments in green transformation.
He noted that while inflation risks persist due to global volatility, it is expected to remain within the Central Bank of Türkiye’s target range.
Şimşek also mentioned a potential slowdown in economic growth, but expects improvements in the current account deficit driven by declining oil prices and lower imports.
Regarding global trade, he warned of fragmentation risks, highlighting Turkey’s strategic location and industrial capacity as key advantages for attracting foreign investment, with potential relocations from Asian manufacturers.
Şimşek praised the strong relationship with the World Bank, which has increased its financial commitment to Turkey.
He concluded by affirming that Turkey remains an attractive destination for long-term investors thanks to its advanced infrastructure and strong human capital.

Source: Anadolu Agency