21.03.2025 23:10
The Minister of Treasury and Finance, Şimşek, stated, "We have sufficient tools at our disposal. There is no doubt about the implementation of the Medium-Term Program. We are working in close coordination with our institutions."
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According to a statement from the Banks Association of Turkey (TBB), Minister of Treasury and Finance Mehmet Şimşek attended TBB's traditional iftar dinner. In the meeting where Şimşek came together with the TBB management, developments in the world and the Turkish economy were evaluated.
"WE HAVE SUFFICIENT TOOLS, THERE IS NO DOUBT ABOUT THE IMPLEMENTATION OF THE PROGRAM"
Minister Şimşek stated that the Medium-Term Program (OVP) has increased the resilience of the economy against shocks and brought it to a strong position, saying, "Significant gains have been achieved thanks to the program. All necessary measures will continue to be taken to protect and develop these gains. We have sufficient tools. There is no doubt about the implementation of the program. We are working in close coordination with our institutions."
"TEMPORARY FLUCTUATIONS ARE BEING CLOSELY MONITORED"
Şimşek noted that temporary fluctuations in the markets, which are considered to be temporary, are being closely monitored in coordination with all relevant institutions, and that the measures taken, as well as the precautions to be taken when necessary, have been determined, and the program will be continued with determination. Emphasizing that the banking sector has contributed to the program, Şimşek highlighted that the sector is also stronger and more robust thanks to the improvements achieved in macro balances.
"THE BANKING SECTOR BELIEVES IN AND SUPPORTS THE PROGRAM"
TBB Board Chairman Alpaslan Çakar also stated that the banking sector believes in and supports the program, emphasizing that Turkey's balance sheet has always been a priority for the sector, and that they work in very close communication and coordination with the economic management. Çakar said, "The resolute stance of our Minister regarding achieving the fundamental goals of the program and establishing macro stability permanently instills a separate 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."
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