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Türkiye's Finance Minister touts 'highly productive' talks at gatherings in Washington

Turkish Treasury and Finance Minister Mehmet Simsek makes remarks on the Turkish economy at the Institute of International Finances (IIF) Annual Membership Meeting, October 17, 2025. (AA Photo)
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Turkish Treasury and Finance Minister Mehmet Simsek makes remarks on the Turkish economy at the Institute of International Finances (IIF) Annual Membership Meeting, October 17, 2025. (AA Photo)
October 19, 2025 02:37 PM GMT+03:00

Türkiye’s Treasury and Finance Minister Mehmet Simsek said his visit to the United States for high-level economic meetings was "highly productive," emphasizing that global confidence and interest in Türkiye’s economy continue to grow.

In a statement shared on social media, Simsek said he attended the annual meetings of the International Monetary Fund (IMF) and the World Bank, along with the G20 Finance Ministers and Central Bank Governors’ Meeting held in Washington, D.C.

"We observed with satisfaction the confidence in and growing interest toward the Turkish economy," Simsek assessed.

Busy week of investor engagements

According to information from the ministry, Simsek took part in approximately 60 meetings throughout the week, engaging with a wide range of global financial institutions, investors, and policymakers.

Central Bank of the Republic of Türkiye (CBRT) Governor Fatih Karahan also attended several of these investor meetings alongside Simsek, underlining the government’s coordinated approach to promoting Türkiye’s economic program.

During one of the gatherings, Simsek said Türkiye’s growth remains resilient and the disinflation path is broadly on track, though inflation may exceed official forecasts at 28.5% this year.

He noted that household and business expectations stay high, adding, "Monetary and fiscal policies are tight, and they will remain so."

In another event, CBRT Governor Fatih Karahan said the bank remains focused on ensuring price stability, noting that the decline in inflation weakened in September but is being closely monitored.

He added that tight monetary policy will remain in place until inflation falls to the 5% target, saying that Türkiye is on the path toward price stability.

Regarding these addresses, Simsek said in his statement that he joined large investor sessions organized by leading investment banks, where he presented Türkiye’s economic resilience, the progress made under the government’s medium-term program, and the country’s strong investment potential.

He noted that these meetings helped enhance communication with the international financial community, with participants showing particular interest in Türkiye’s reform agenda and improving macroeconomic indicators.

Turkish Treasury and Finance Minister Mehmet Simsek makes remarks on the Turkish economy at the Institute of International Finance's (IIF) Annual Membership Meeting, October 17, 2025. (AA Photo)
Turkish Treasury and Finance Minister Mehmet Simsek makes remarks on the Turkish economy at the Institute of International Finance's (IIF) Annual Membership Meeting, October 17, 2025. (AA Photo)

'Confidence in Turkish economy increasing'

During his visit, Simsek also held bilateral meetings with counterparts from various countries to discuss ways to deepen economic cooperation and boost trade and investment.

He added that Türkiye continues to maintain open dialogue not only with other governments but also with multilateral development banks, civil-society organizations, and think tanks to exchange views on global economic challenges.

"We are pleased to see that confidence in the Turkish economy is increasing," Simsek expressed his satisfaction with the overall response from international investors and institutions, saying that the meetings reaffirmed the global community’s trust and rising interest in Türkiye’s economy.

October 19, 2025 02:37 PM GMT+03:00
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