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Not all doom and gloom post referendum

Large funds interested in investing in Turkey

Published13 hours ago

Finance Minister Naci Ağbal stated that investment funds based in Europe, the U.S. and Canada and whose total balance sheets are recorded above $4 trillion have a strong appetite for investment in Turkey. Minister Ağbal underscored that these European, Canadian and U.S. funds expect Turkey to quickly start concentrating on reforms during the post-referendum period and they are keen to make investments in Turkey.

Replying to questions in Washington where Ağbal came to participate in the Spring Meetings of the International Monetary Fund (IMF) and World Bank (WB), he held talks with the directors of global investment funds in the city. The prioritized reforms include public financing, the labor force market, educational and legal systems, International Istanbul Finance Center and micro sector oriented practices, Ağbal informed. The minister highlighted that the appetite of foreign investors for Turkey is increasing.

Noting that the European, Canadian and American investments funds he met in Washington has total balance sheets of $4 trillion, Ağbal emphasized the expectation of these investments for accelerated reforms in Turkey during the post-referendum period. If the necessary steps are taken, Turkey will positively diverge from the other emerging markets, therefore these funds are willing to make investments in Turkey, as Ağbal stated. He said the investments by these funds are expected to be made gradual in the upcoming period.

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