“Foreign investments will return, but it will take time,” Minister of Treasury and Finance Mehmet Simsek said during his meetings in the Gulf countries.
Minister Simsek continued his meetings with foreign investors in Gulf countries and spoke at a panel organized by the Future Investment Initiative Institute in Riyadh.
Emphasizing that the new normal is to build confidence through sound policies, Simsek said, “This will eventually lead to portfolio and direct capital inflows. Capital inflows will accelerate the disinflation process and create real appreciation in the lira.”
Minister Simsek stated that there have been problems in the monetary policy framework in recent years, underlining that the policy is being rebuilt. Simsek stated that they have the support of President Recep Tayyip Erdogan on the new economic program and said that concerns about the continuity of the program are unfounded.
“Foreign investments will return, but it will take time” he said, regarding the inflows of foreign investors.