Written By As a journalist, I can report that Turkey’s new finance minister, Lutfi Elvan, has pledged to return to a “rational” economic policy. Elvan, who was appointed by President Recep Tayyip Erdogan in November 2020, has promised to prioritize fiscal discipline and reduce inflation.
In a recent interview with Bloomberg, Elvan stated that his main goal is to restore confidence in Turkey’s economy and attract foreign investment. He acknowledged that the country’s economic policies in recent years have been criticized for being too focused on short-term gains and not enough on long-term stability.
Elvan has also emphasized the importance of reducing Turkey’s current account deficit, which has been a major concern for investors. He has stated that the government will focus on increasing exports and reducing imports to achieve this goal.
While Elvan’s promises have been welcomed by some, others remain skeptical. Turkey’s economy has been struggling in recent years, with high inflation, a weak currency, and a large current account deficit. Some analysts have expressed doubts about whether Elvan will be able to implement the necessary reforms to turn the economy around.
As a journalist, it is important to remain objective and report on all sides of the story. While Elvan’s promises are certainly noteworthy, it remains to be seen whether he will be able to deliver on them and whether they will be enough to restore confidence in Turkey’s economy.
