Economic message from Minister Şimşek: 'There is no hesitation'

According to a statement made by the Banks Association of Turkey (TBB), Treasury and Finance Minister Mehmet Şimşek attended the TBB's traditional iftar dinner.

During the meeting where Şimşek came together with the TBB management, developments in the global and Turkish economies were evaluated.

Minister Şimşek stated that the Medium-Term Program (MTP) has increased the economy's resilience against shocks and brought it to a strong position, adding, "Significant gains have been achieved thanks to the program. All necessary measures will continue to be taken to protect and improve these gains. We have sufficient tools at our disposal. There is no hesitation regarding the implementation of the program. We are working in close coordination with our institutions."

Şimşek reported that fluctuations in the markets, which are considered temporary, are being monitored closely and in coordination with all relevant institutions, that measures to be taken when necessary in addition to those already taken have been determined, and that the program will be continued with determination.

Emphasizing that the banking sector is contributing to the program, Şimşek underlined that the sector is also more robust and stronger thanks to the improvement achieved in macro balances.

"THE BANKING SECTOR BELIEVES IN AND SUPPORTS THE PROGRAM"

TBB Chairman of the Board Alpaslan Çakar also stated that the banking sector believes in and supports the program, that Turkey's balance sheet is always the sector's priority, and that they are working in very close communication and coordination with the economic management.

Çakar said, "The determined stance of our Minister regarding the achievement of the program's main objectives and the permanent establishment of macro stability also instills a special confidence in our sector. The banking sector will continue to support our economy with its high liquidity, quality asset structure, capital adequacy at international standards, strong correspondent relationships, and prudent risk management approach."

News Source: 12punto