10.10.2025 13:31
The Economic Coordination Council held a 2.5-hour meeting chaired by Vice President Cevdet Yılmaz. In a written statement made after the summit, it was stated, "Our main goals are to further strengthen macroeconomic and financial stability, maintain fiscal discipline, reduce inflation to single digits, and increase productivity and competitiveness."
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The Economic Coordination Council (EKK) convened under the chairmanship of Vice President Cevdet Yılmaz.
Attending the meeting at the Presidential Complex were Minister of Treasury and Finance Mehmet Şimşek, Minister of Labor and Social Security Vedat Işıkhan, Minister of National Education Yusuf Tekin, Minister of Industry and Technology Mehmet Fatih Kacır, Minister of Trade Ömer Bolat, AK Party Group Chairman Abdullah Güler, AK Party Deputy Chairman Efkan Ala, AK Party Deputy Chairman Nihat Zeybekci, President of the Presidential Strategy and Budget Ibrahim Şenel, and Governor of the Central Bank of the Republic of Turkey (CBRT) Fatih Karahan.
During the meeting, which addressed concrete proposals for strengthening vocational education and the current status of preparations for new generation working models, the effects of Eximbank's export credits were evaluated. The meeting also discussed priorities within the framework of the 2026–2028 Medium-Term Program (MTP), which outlines the roadmap for the Turkish economy over the next three years.
MACRO STABILITY AND SINGLE-DIGIT INFLATION TARGET
In the council's statement, it was emphasized that the MTP is a continuation of the economic policies implemented over the past two years, with the main goals being to strengthen macroeconomic and financial stability, maintain fiscal discipline, reduce inflation to single digits, and increase productivity and competitiveness. The statement noted, "With these goals, balanced, sustainable, and inclusive growth will be established, ensuring a permanent increase in welfare."
EXPORT AND EXIMBANK SUPPORTS ON THE AGENDA
The meeting also evaluated developments in export performance. It was noted that Turkey's share in global merchandise exports has risen to 1.07%, and new financing steps for exporters were shared. In this context, it was announced that the capital of Turkish Eximbank has been increased, daily rediscount credit limits have been raised, interest costs have been reduced, and foreign currency rediscount credits have been reactivated. The EKK aims to strengthen Turkey's position in global trade, particularly by expanding financing opportunities focused on green and digital transformation in the upcoming period.
SINGLE-DIGIT RATE IN EMPLOYMENT IS MAINTAINED
The council's statement emphasized that the unemployment rate has remained at single-digit levels for 28 months. It was stated that policies aimed at developing the vocational education system will continue to increase labor force participation and strengthen skill alignment. Projects that will enhance the competencies of the young population will be expanded in a way that strengthens the education-employment-production relationship.
KEY TOPICS DISCUSSED IN THE MEETING
The main topics addressed at the EKK meeting were as follows:
- Vocational training programs and new proposals to encourage the active participation of the potential workforce in the economy,
- The current status of legislative preparations conducted with social partners regarding new generation working models,
- Recent developments regarding the financing of exports and Turkish Eximbank supports.
"In the 'Century of Turkey', it is inevitable that we focus on technology-intensive and high value-added production for a stronger economy. We will continue to implement policies that will enable our country to take a larger share of global trade, considering the transformations in the global economy."
The EKK emphasized that structural policies that will increase productivity and strengthen the quality of employment will be implemented decisively in line with the goal of sustainable growth and permanent welfare increase.
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