Şimşek and Karahan Present Turkey’s Medium-Term Economic Plan to U.S. Investors in New York

Turkish Treasury and Finance Minister Mehmet Şimşek and Central Bank Governor Fatih Karahan held critical meetings with foreign investors in New York, unveiling the country’s updated medium-term roadmap and reinforcing their commitment to inflation control, fiscal discipline, and investment-friendly reforms.

As part of the 17th Türkiye Investment Conference held in New York, Turkish economic policymakers met with top U.S. institutional investors to present the latest iteration of Turkey’s Medium-Term Program (MTP), which covers the 2026–2028 period.

Strategic Engagement with Wall Street

The event, organized in cooperation with JP Morgan and the Turkey-U.S. Business Council (TAİK), was held under the theme of Turkey’s economic transformation and reform agenda.

TAİK, in a social media statement on X (formerly Twitter), said:

“The 17th Türkiye Investment Conference continues in New York! We hosted our Medium-Term Program session—bringing together American direct investors—with presentations by our Minister of Treasury and Finance Mehmet Şimşek and Central Bank Governor Fatih Karahan.”

A First Look at the New Economic Roadmap

This marked the first major investor event following the official release of the updated MTP. According to TAİK’s statement, Şimşek and Karahan briefed participants on Turkey’s macroeconomic outlook, structural reform goals, and strategic policy direction for the next three years.

“Minister Şimşek and Governor Karahan shared the key pillars of Turkey’s new economic roadmap, emphasizing the importance of sustained disinflation, fiscal discipline, and efforts to improve the investment climate,” the statement added.

The MTP, which builds on Turkey’s ongoing economic adjustment program launched in 2023, outlines targets for lowering inflation, stabilizing public finances, and attracting foreign capital.

Restoring Confidence in Turkish Markets

Minister Şimşek reiterated Turkey’s commitment to orthodox economic policy and global market integration. Under his leadership, Turkey has pursued a rebalancing strategy focused on tighter monetary policy, improving transparency, and restoring investor trust.

Governor Karahan, for his part, provided insights into the Central Bank’s recent policy moves, including interest rate hikes aimed at anchoring inflation expectations and stabilizing the Turkish lira.

According to officials close to the matter, the event drew strong interest from major asset managers, sovereign funds, and banks, many of whom are re-evaluating Turkish exposure amid improving macro indicators and a more market-friendly policy environment.

High-Level U.S. Talks Continue

The New York visit comes at a time of growing financial diplomacy between Ankara and Washington. While economic normalization remains a priority for the Turkish side, strategic investors continue to monitor risks related to inflation, political stability, and regional tensions.

Further meetings with U.S. business leaders and policymakers are expected as Turkey intensifies its international outreach ahead of 2026, when the country plans to significantly ramp up public and private investment.