Simsek tells US investors Turkiye economy resilient despite shocks

Turkish Treasury and Finance Minister Mehmet Şimşek assured US investors that the economy of Türkiye remains robust and resilient, even amid global challenges and regional conflicts. Şimşek highlighted key factors contributing to the country's strength, such as its low overall debt-to-GDP ratio, fiscal flexibility, declining external vulnerabilities, rising international reserves, and the phase-out of the KKM (foreign exchange-protected Turkish lira deposit scheme). Şimşek and Central Bank of the Republic of Türkiye Governor Fatih Karahan participated in a meeting at the Türkiye Investment Conference, where they discussed the country's economic outlook and investment opportunities.

The meeting emphasized the government's Medium-Term Program (MTP) and Türkiye's advantageous investment environment, particularly in sectors such as manufacturing, services, defense, tourism, and digital services. Şimşek also pointed out the country's strategic location, skilled workforce, and advanced infrastructure as crucial factors supporting its position as a reliable supplier.

Karahan further discussed monetary policy and the macroeconomic outlook during the conference. The event aimed to showcase Türkiye's potential as a global hub for high-tech production and innovation, with discussions focusing on sectors such as semiconductors, mobility, green energy, advanced manufacturing, and digital technologies.

Turkish Industry and Technology Minister Mehmet Fatih Kacır, along with other industry representatives, highlighted Türkiye's strategic advantages in advanced manufacturing, defense, aerospace, and digital technologies. The government's commitment to disinflation and its investment incentive programs were also underscored as essential elements for attracting long-term foreign direct investment and bolstering the country's economy.