Turkey’s net int’l investment position improves in May
Turkey’s net international investment position (NIIP) posted a better performance in May, up 12.2 percent versus the end of 2018, the country’s Central Bank said on July 19. As of end of May, the NIIP - the difference between a country’s external assets and liabilities - was negative $323.1 billion compared to negative $367.9 billion at the end of 2018, the Bank reported. Bank data showed that Turkey’s external assets were $239.1 billion, up 4.4 percent in the same period. Meanwhile, the country’s liabilities against non-residents was around $562.2 billion in May, down 5.8 percent from the end of last year.