World Bank director praises Türkiye’s economic reforms and inflation fight

World Bank’s Country Director for Türkiye Humberto Lopez recently assessed Türkiye’s economic reforms and the ongoing battle against inflation.

Minister of Treasury and Finance Mehmet Simsek and his team are truly combating inflation

Humberto Lopez

In his statement, Lopez expressed optimism about Türkiye’s economy despite the challenging period it is undergoing.

Lopez noted that Türkiye possesses strong infrastructure and human capital, acknowledging that although the country is facing a difficult process, it will present numerous opportunities and that these challenges can lead to positive outcomes.

Recalling a meeting with the World Bank’s Board of Directors in April 2024, Lopez shared the following details:

Türkiye will receive $18 billion in financing over the next three years. This amount is in addition to the current $17 billion in funds being implemented. Of the $18 billion, $12 billion will be allocated to the private sector and $6 billion to the public sector. Minister of Treasury and Finance Mehmet Simsek and his team are truly combating inflation.