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Finance Minister Simsek begins US visit for G-20, World Bank meetings

Finance Minister Simsek begins US visit for G-20, World Bank meetings Türkiye's Treasury and Finance Minister Mehmet Simsek. (AA Photo)
By Newsroom
Oct 22, 2024 9:59 AM

Finance Minister Mehmet Simsek has begun his official visit to the United States, where he will participate in G-20 and World Bank meetings and hold several bilateral meetings with prominent global financial leaders.

  • Simsek will attend the G-20 and World Bank meetings and meet with U.S. Treasury Secretary Janet Yellen and Pakistan’s Finance Minister Muhammad Aurangzeb, among others.
  • Simsek will participate in around 50 meetings during his U.S. contacts, including investor meetings.
  • Minister Simsek will be accompanied by the central bank governor Fatih Karahan.

Simsek to meet US Treasury Secretary Yellen and Pakistan’s Aurangzeb

According to the Ministry of Treasury and Finance, Simsek, accompanied by Karahan, will meet with U.S. Treasury Secretary Yellen and Pakistan’s Finance Minister Aurangzeb. The discussions will be part of a broader agenda that includes approximately 50 meetings during his U.S. visit.

Finance Minister Simsek begins US visit for G-20, World Bank meetings
Central Bank of the Republic of Türkiye Governor Fatih Karahan (C) and deputy governors Cevdet Akcay and Hatice Karahan answer journalists’ questions during inflation briefing, Ankara, Türkiye, Aug. 8, 2024. (AA Photo)

Participation in G-20 and World Bank meetings

Simsek will attend two days of G-20 meetings, followed by the World Bank’s Development Committee discussions.

He is also scheduled to meet with top officials from various multilateral development banks, including World Bank President Ajay Banga and Asian Development Bank presidential candidate Masato Kanda.

Finance Minister Simsek begins US visit for G-20, World Bank meetings
Turkish Treasury and Finance Minister Mehmet Simsek (R) meets with the President of the World Bank Ajay Banga (L) in Ankara, Turkiye on June 11, 2024. (AA Photo)

High-level meetings with IMF and global investors

As part of his U.S. tour, Simsek will also meet with International Monetary Fund (IMF) President Kristalina Georgieva and First Deputy Managing Director Gita Gopinath.

Additionally, Simsek will hold talks with leading investment banks such as BBVA, JP Morgan, and HSBC, attending several investor seminars where he will present Türkiye’s economic outlook.

Finance Minister Simsek begins US visit for G-20, World Bank meetings
International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S. (Reuters Photo/Yuri Gripas)

Engagement with think tanks and academic institutions

During his visit, Simsek is set to engage with key U.S. think tanks, including the Brookings Institution’s Hutchins Center, where he will deliver a detailed presentation on Türkiye’s economy.

He will also meet with economists and academics at the Atlantic Council and the Institute of International Finance (IIF).

Last Updated:  Nov 18, 2024 3:06 PM