On September 24, 2018, Turkish Heritage Organization hosted a roundtable discussion along with the U.S. Chamber of Commerce’s U.S.-Turkey Business Council and the Union of Chambers and Commodity Exchanges of Turkey, to discuss Turkey’s Financial Reforms and the Turkish Economy.
This roundtable discussion featured H.E. Dr. Berat Albayrak, Minister of Treasury and Finance, and Minister of Trade, H.E. Ruhsar Pekcan. During the meeting, both speakers touched upon how the Turkish government is ready to show support to its banks during the economic challenges Turkey is facing. Additionally in the face of the latest developments, it was noted that Turkey’s economy is in a better position than the world average and other emerging market economies. The invite only roundtable discussion included leaders from various major U.S. and internationalCompanies.
The meeting highlighted the New Economic Program (NEP) which aims to provide Turkey a more reliable and stronger economy. Even when it comes down to the ratio of the public debt, it was mentioned that Turkey is in good condition as they tend to be around 30 percent, while the global average is about 70 percent.