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Türkiye’s Treasury and Finance Minister Mehmet Simsek begins a dense round of meetings in New York on Monday as global economic actors prepare to convene in Washington for the IMF–World Bank Spring Meetings.
Simsek is set to hold a series of investor meetings, including a roundtable organized with the Turkish-American Business Council and a meeting with Citigroup CEO Jane Fraser.
He will also attend a JPMorgan-hosted gathering with Türkiye’s Independent Industrialists and Businessmen’s Association (MUSIAD), where he is expected to engage with real sector representatives, rating agencies and global investors.
In his previous investor conference in London, the minister assessed the impact of the ongoing Iran conflict on Türkiye’s economic trajectory, describing the shock as "negative but manageable."
The IMF and World Bank Spring Meetings, set for April 13–18 in Washington, will convene global economic leaders, alongside a G-20 Finance Ministers and Central Bank Governors meeting on the sidelines.
Often referred to as the "Bretton Woods twins," the institutions convene at a moment marked by heightened geopolitical tension following the escalation of conflict in the Middle East and its partial pause under a temporary ceasefire.
The meetings are expected to probe whether the fragile truce can evolve into lasting stability, while assessing the broader impact of the war on global growth and inflation.
A series of high-level sessions, including Development Committee and International Monetary and Financial Committee meetings, will examine macroeconomic policies, fiscal balances, debt challenges and employment strategies.
Discussions will extend to artificial intelligence, digital finance, climate change, energy markets and anti-corruption efforts. The theme "Building prosperity through policy" frames debates on how investment and innovation can support job creation and scalable growth.
The IMF is also set to release its World Economic Outlook on April 14, alongside reports on global financial stability and fiscal monitoring. In its latest update in January, the Fund projected global growth at 3.3% in 2026 and 3.2% in 2027.
IMF Managing Director Kristalina Georgieva signaled that even under a more optimistic scenario, global growth forecasts are likely to be revised downward. "Had it not been for this shock, we would have been upgrading global growth. But now, even our most hopeful scenario involves a growth downgrade," she said, pointing to infrastructure damage and supply disruptions across the region.
She noted that the meetings will focus on how to navigate the latest shock and reduce its impact on economies and livelihoods.
The conflict that escalated after U.S. and Israeli strikes on Iran on Feb. 28, followed by Iranian retaliation, has unsettled global markets.
Disruptions in the Strait of Hormuz, a critical artery for global oil shipments, triggered supply concerns and sharp price swings. Brent crude has climbed more than 41% since the start of the attacks, while European gas prices at the Dutch TTF hub have risen 51%.
Rising fuel costs, a key input across sectors from transport to agriculture, are pushing up logistics expenses and intensifying inflationary pressure worldwide.
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