In a significant move, Minister of Treasury and Finance Mehmet Simsek, and Hafize Gaye Erkan, the governor of the Central Bank of Turkiye (TCMB), are slated to participate in an upcoming investors' meeting organized by JPMorgan Chase & Co. The event is scheduled to take place in New York during the second week of January.
According to Bloomberg, the meeting of Minister Simsek and TCMB Governor Erkan are set to be organized by TCMB.
Simsek and Erkan will attend the World Economic Forum after the investors' meeting. The summit will be held in Davos, Switzerland, on Jan. 15-19, 2024.
Simsek emphasized on Wednesday during the 14th Turkish-Arab Economic Forum (TAF'2023), the importance of collaborative efforts among participating countries to overcome current obstacles to economic growth.
"We do not need to reinvent the wheel. It will be beneficial to provide a positive environment in terms of politics and legislation," Simsek noted.
Simsek also addressed the need for increased investment in the energy sector and recognized global uncertainties, suggesting that the likelihood of oil prices staying elevated for an extended duration was considerable.
"We need to work together, not only in terms of the business world or economic integration but also in terms of solving political and geopolitical issues," Simsek added.
Source: Bloomberg & Newsroom