Turkey’s Albayrak leaves investors unconvince­d in Washington: Reuters

Dünya Executive - - OVERVIEW -

Turkish Finance Minister Berat Albayrak offered little convincing detail of his economic turnaround plan and failed to enthuse investors at a private meeting in Washington on Thursday, according to four people who attended. “Some

400 investors packed into a room at a Washington hotel, with dozens standing at the back, as Albayrak and Turkish central bank governor Murat Cetinkaya outlined the reform package that Albayrak unveiled in Istanbul on Wednesday. Their upbeat view of Turkey’s expected rebound from recession failed to resonate, said the sources, who requested anonymity,” Reuters reported. One told Reuters that Albayrak pointed to a recent dip in inflation and the improving current account balance to argue that

Turkey was doing much better today than in October, when it was emerging from a major currency crisis. “I don’t think he persuaded anybody, it did not go well,” said the investor, who attended the conference hosted by

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