Union of Chambers and Commodity Exchanges of Turkey

Speaking at IAC meeting, Prime Minister Recep Tayyip Erdoğan stated that it should not be possible to threaten the flow of investment into Turkey by bogging it down in questions, doubts and reservations. “This is not something we find acceptable. We will, of course, cry foul play in this case. These grading institutions never visit Turkey and judge it on hearsay.”

PM Erdoğan, assessing Turkey’s economy in his speech, stated that it will continue to move into the future while maintaining its environment of stability and trust. Erdoğan stated that, unlike some European countries with elections approaching, he never allows populism.

- “We will keep to the course”

Emphasizing that Turkey is confidently moving towards its 2023 goals, Prime Minister Erdoğan said, “These grading institutions never visit Turkey and judge it on hearsay. Of course we will adjust our views accordingly regarding these institutions. The 2023 goals have surpassed being the goals of just our party or the government; they have become national goals.

We will disregard unjust and baseless assessments and smear campaign and keep on course to be one of the 10 largest economies in the world by 2023 with 2 trillion Dollars national income.”

- IMF President Lagarde

International Monetary Fund (IMF) President Christine Lagarde said, “Turkey’s economy has been progressing in recent years with its positive macro economic performance and structural reforms, achieving extraordinary success. Turkey is admirable, not just because of their success and performance, but also for the projects and sustainability efforts they’ve put forth.”

- Economy Minister Çağlayan

In his speech, Minister of Economy Zafer Çağlayan stated that Turkey was faced with the rapid increase of current deficit at the end of 2011 and went on, “However, we are working to address these in the short and long term. We are undertaking significant projects regarding our production and exports structure; we have identified a export-based production strategy for ourselves.”

- Breakfast with Çağlayan and 17 high level administrators

The Economy Minister Zafer Çağlayan, TOBB President M. Rifat Hisarcıklıoğlu and the Investment Advisory Council members met for breakfast.

Meeting in Dolmabahçe were TOBB President Rifat Hisarcıklıoğlu, Minister Çağlayan, IMF President Christine Lagarde, World Bank Executive Director Sri Mulyani Indravati, Treasury Minister Mehmet Şimşek, TÜSİAD Board President Ümit Boyner, TİM Council President Mehmet Büyükekşi, YASED BPresident İzzet Karaca and high level administrators of 17 international companies.

Among those attending the breakfast were Aditya Birla Group Executive Director K.K Maheshwari, BBVA Board President and CEO Francisco Gonzalez, Bayer Crop Science CEO Douwe Zijp, Citigroup Developing Markets President and Vice President Hamid Biglari, GE Healthcare President and CEO John Dineen, Huawei Vice President and Board Director Chen Lifang, IBM Europe President Harry Van Dorenmalen, Inditex Board President and CEO Pablo Isla Alvarez de Tejera, Itochu Vice President Yoichi Kobayashi, Mango President Isak Andıc, Ogilvy Public Relations Global CEO Christopher Graves, The Coca Cola Company Board President and CEO Muhtar Kent, Thi Timken Company President and CEO James W.Griffith, The Western Union Company President and CEO Hikmet Ersek, UPS President Daniel J.Brutto, Verbund AG CEO Wolfgang Anzengruber, Vodafone Group CEO Vittorio Colao.
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