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

1 October 2019
395 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

EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccines
GREECE
shares8 views
GREECE
shares8 views

EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccines

makis - Jan 22, 2021

PM Mitsotakis’ proposal for a European vaccination certificate, which would facilitate travel without the need for a coronavirus test for…

Crete is the most popular holiday destination for Brits
GREECE
shares29 views
GREECE
shares29 views

Crete is the most popular holiday destination for Brits

Panos - Jan 21, 2021

Crete is the most popular holiday destination for this year’s tourist season for the Brits, according to online searches made in…

Fastest Brand Growth in 2020 (infographic)
WORLD
shares27 views
WORLD
shares27 views

Fastest Brand Growth in 2020 (infographic)

Panos - Jan 21, 2021

2020 has been a pivotal year for various brands in the U.S. A new report of the fastest-growing brands shows…

Leave a Comment

Your email address will not be published.