Şimşek: “Rising Confidence in Turkish Economy is Encouraging”

Turkey’s Finance and Treasury Minister Mehmet Şimşek said growing international confidence in the Turkish economy was “encouraging,” following his meetings at the annual gatherings of the World Bank, IMF, and the G20 Finance Ministers in Washington.

Finance and Treasury Minister Mehmet Şimşek shared his reflections on the World Bank and IMF Annual Meetings and the G20 Finance Ministers’ summit held in the United States, emphasizing strong investor interest and Turkey’s improving economic credibility.

Posting on social media, Şimşek stated:

“We are pleased to observe the growing confidence in the Turkish economy and the increasing interest in our country.”

He said the Turkish delegation used the meetings to showcase the resilience of the Turkish economy, concrete progress under the government’s economic program, and the country’s strong investment potential to international counterparts.

According to Şimşek, he held bilateral talks with several finance ministers, focusing on deepening economic cooperation and increasing trade and investment flows.

“In the United States, where we attended the World Bank and IMF annual meetings as well as the G20 Finance Ministers’ summit, we had highly productive engagements,” Şimşek said.
“We met investors in large-scale sessions organized by global investment banks, highlighting the resilience of the Turkish economy, tangible progress in our program, and our robust investment potential.”

He added that Turkish officials also held discussions with senior executives from multilateral development banks, as well as representatives from civil society and think tanks.

“We are pleased to see the confidence in the Turkish economy and the growing international interest in our country,” Şimşek concluded.

Şimşek and Karahan Highlight Investor Confidence and Policy Discipline in Washington Meetings

Treasury and Finance Minister Mehmet Şimşek and Central Bank Governor Fatih Karahan presented a united front during their recent visit to Washington D.C. for the IMF–World Bank Annual Meetings and G20 Finance Ministers summit. The two officials emphasized the Turkish economy’s resilience, progress in policy reforms, and the government’s commitment to stability.

Turkey’s top economic policymakers, Mehmet Şimşek and Fatih Karahan, concluded a series of high-level meetings in Washington D.C., projecting confidence in Türkiye’s reform program and macroeconomic trajectory. Their joint participation signaled a coordinated approach between fiscal and monetary authorities aimed at strengthening investor confidence and deepening international cooperation.

Minister Şimşek said the Turkish delegation held “highly productive” engagements with global investors, multilateral development institutions, and finance ministers from multiple countries. He stressed that the main goal was to highlight Türkiye’s economic resilience, the tangible progress achieved under the new economic program, and the country’s strong investment potential.

“We are pleased to observe the growing confidence in the Turkish economy and the increasing interest in our country,” Şimşek said.

He added that the meetings included bilateral discussions focused on expanding trade, boosting foreign investment, and enhancing cooperation in key sectors such as energy and transport. He underlined that Türkiye’s reform agenda was backed by strong political support and that fiscal discipline would remain a cornerstone of policy.

Central Bank Governor Fatih Karahan echoed the message of continuity and credibility, noting that the monetary authority remains firmly committed to restoring price stability. He said the Central Bank had adopted a “decisive and proactive” policy stance to contain inflationary pressures and to strengthen the transmission of monetary policy throughout the economy.

Karahan highlighted that risks along the disinflation path remain but emphasized that re-dollarization tendencies have been contained, and confidence in the Turkish lira is gradually improving. He also pointed to a narrowing current account deficit and stronger reserve buffers as evidence that the macroeconomic adjustment process is on track.

Both officials underscored the importance of maintaining close dialogue with the international financial community. They met with senior executives from multilateral lenders, investment banks, and think tanks, as well as their counterparts from major economies, to exchange views on the global outlook and Türkiye’s policy framework.

Şimşek’s meeting with U.S. Treasury Secretary Scott Bessent focused on enhancing bilateral economic relations and exploring cooperation in areas such as investment, trade, transport, energy, and defense-industry partnerships. The two sides also discussed broader regional issues, including sanctions and peace efforts in Ukraine and the Middle East.