Turkey to improve investment climate through structural reforms

Turkish economy to expand by 0.3% in 2020, treasury and finance minister says

By Merve Ozlem Cakir

ANKARA (AA) - Turkey will make structural reforms to improve the investment climate for domestic and international entrepreneurs, the Turkish treasury and finance minister said on Tuesday.

"Turkey's risk premium will be reduced through economic policies that will be implemented in a transparent, predictable and stable manner," Lutfi Elvan noted during budget discussions in the Grand National Assembly.

The recovery trend in consumption, investment and exports will boost growth and help the economy grow 0.3% in 2020.

He added that the country will provide price stability, protect fiscal discipline, increase coordination between monetary and fiscal policies, enhance the investment climate and focus on a production-based income model while generating social and economic transformation programs to reduce the negative effects of the pandemic.

*Writing by Gokhan Ergocun and Aysu Bicer

Kaynak:

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