Government to take confidence building measures, steps to stabilize markets
Turkey’s President Recep Tayyip Erdogan on Wednesday vowed to take steps that will stabilize the markets and offer new opportunities to foreign investors.
Addressing the parliamentary group meeting of the ruling Justice and Development (AK) Party in the capital Ankara, Erdogan said new steps will be taken soon to improve the investment climate in the country and to make economic policies more effective.
He said new economic policies will be aiming to gain confidence in economic policies, adding, in doing so, the country’s risk premium will be reduced.
By ensuring healthy, sustainable and strong growth, the government will support both domestic and international investors, who trust in Turkish lira, with all kinds of conveniences.
Focus on stability, growth, employment
Thanks to effective decision-making mechanisms, macroeconomic stability will be strengthened by increasing the harmony between monetary, fiscal and financial policies.
The government aims to reduce Turkey’s risk premium in the upcoming period, by focusing more on gaining confidence and credibility in the markets.
A growth structure which creates qualified employment, and does not cause inflation and current account deficit, will be build.
In this process, close cooperation will be established with all parties of the economy including non-governmental organizations.
Also, the coordination and harmony of economic management will also be strengthened.
The government will hold a series of meetings with foreign investors to talk about opportunities, potential, and support the country will provide to them.