Finance Minister Stresses Urgency of Reforms for Long-Term Stability
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Turkish Finance Minister Mehmet Şimşek emphasized that structural reforms are essential to expand Türkiye’s production capacity and achieve lasting price stability, during remarks at the OECD Emerging Markets Forum held in Istanbul.
Şimşek noted that Türkiye’s economic agenda prioritizes policies that drive sustainable growth while tackling persistent inflation.
“We are strongly committed to permanently reducing inflation,”
he said, adding that both monetary and fiscal policies will be coordinated to meet this goal.
Structural Reform Now ‘Unavoidable,’ Şimşek Says
The minister argued that macro-financial stability depends on implementing credible and determined structural measures, particularly those that promote productivity and industrial transformation.
“Some reforms can no longer be delayed. Without expanding production capacity, there can be no talk of healthy and balanced growth,”
Şimşek stated.
Inflation Strategy Focused on Coordination and Resolve
Şimşek reaffirmed that Türkiye is fully committed to restoring price stability, noting that strong political will backs the ongoing disinflation strategy. He added that effective coordination between fiscal and monetary institutions will play a pivotal role.