Turkey's new economic leadership to confer with JP Morgan
In a bid to secure investments, Turkey's rejuvenated economic leadership is scheduled to engage in discussions with JP Morgan, the US-based investment bank previously accused by former Treasury and Finance Minister Berat Albayrak of orchestrating a financial assault on Turkey.
Today, a high-profile assembly featuring Treasury and Finance Minister Mehmet Simsek Central Bank Governor Hafize Gaye Erkan, and other prominent figures will take place. According to information disclosed by the Reuters agency, the intensive eight-hour session will encompass Erkan's comprehensive analysis of monetary policies and the economic outlook. In parallel, Simsek will delve into an in-depth conversation concerning fiscal policies.
Leading the event, Burak Daglioglu, the Head of the Presidential Investment Office, will deliver a presentation titled "Your Resilient Investment Partner," spotlighting Turkey's investment potential. Accompanying him on the podium, Vice President Cevdet Yilmaz and Ziraat Bank General Manager Alpaslan Cakar are slated to deliver speeches.
The JP Morgan-convened meeting is expected to attract approximately 50 investors. Minister Simsek is also scheduled to engage in one-on-one discussions with BlackRock, JP Morgan, the Singapore Wealth Fund, and Franklin Templeton representatives.
Reuters reported that the discussions' primary focus revolves around Turkey's impending decisions on interest rate adjustments, crucial for tackling the escalating inflation.