Turkey’s economy similar to before 2001 financial crash: Ex-central bank governor

1 October 2019
236 Views

When the International Monetary Fund published a critical annual report on Turkey on Monday, the ruling Justice and Development Party (AKP) government reacted angrily and said it was part of a conspiracy cooked up with opposition parties.

Recommendations in the report were strikingly similar to the conditions set by the IMF for its stand-by agreement after a economic crisis hit Turkey in 2001, said former central bank governor and opposition nationalist member of parliament Durmuş Yılmaz, who spoke to the fund’s delegation.

AKP spokesman Ömer Çelik led a campaign enthusiastically taken up by pro-government media to paint the IMF meeting with Yılmaz and Faik Öztrak, a member of parliament for the secular main opposition Republican People’s Party (CHP), as clandestine talks to plot against President Recep Tayyip Erdoğan’s government.

But the IMF delegation met the two opposition politicians openly at the Hilton hotel in central Ankara and both politicians have served in key positions overseeing Turkey’s economy.

You may be interested

Mitsotakis to Bild newspaper: “We will open tourism to countries with similar epidemiological data as Greece”
GREECE
shares16 views
GREECE
shares16 views

Mitsotakis to Bild newspaper: “We will open tourism to countries with similar epidemiological data as Greece”

makis - May 26, 2020

The safe comeback of tourism flows in Greece and economic recovery from the coronavirus pandemic were the focal point of…

5 Greek “Caribbean” beaches that are heaven on earth
GREECE
shares26 views
GREECE
shares26 views

5 Greek “Caribbean” beaches that are heaven on earth

Panos - May 26, 2020

The Caribbean may be famous for its crystal clear waters, but Greece can easily compare with its own exotic beaches…

German bookings on the rise as Greece opens up
GREECE
shares26 views
GREECE
shares26 views

German bookings on the rise as Greece opens up

Panos - May 26, 2020

A significant increase in bookings for Greece, the Balearic Islands and Portugal has been recorded recently by German travel companies,…

Leave a Comment

Your email address will not be published.